Avocado Extracts Market is Anticipated to Grow at a 6.10% | Demand
The avocado extracts market is expected to witness market growth at a CAGR of 6.10% in the forecast period of 2021 to 2028 and is expected to reach USD 0.80 million by 2028. Data Bridge Market Research report on avocado extracts market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the awareness regarding the fruit’s health benefits globally is escalating the growth of avocado extracts market.
Avocado extract refers to the processed form of the avocado fruit containing the entire essential mineral, vitamins and other ingredients that are beneficial for boosting essential mineral, vitamins and other ingredients. The product consists of trace elements and macro nutrients, healthy monounsaturated fatty acids, nutrients, fibers and abundant potassium among others. It is also believed that avocado extract can be helpful in treating cancer.The increase in the consumption of the product owning to its various health benefits among consumers, acts as one of the major factors driving the growth of avocado extracts market.
The extensive use of the extracts in numerous formulations of products such as food and beverage products, cosmetics, pharmaceuticals and dairy products and growing consciousness among the consumer’s regarding health accelerate the market growth.
The major players covered in the avocado extracts market report are:
NOW Foods, AvoPure, Avocare Corporation, Sesajal S.A de C.V., Cibaria International, Crofts Ltd, AETH SPECIAL OILS TH, Aceitera Mevi, Aconcagua Oil & Extract SA, The Village Press, CalPure Foods, Avocado Health Limited, CalPure Foods, Mevi Avocados, Inc., Madana Inc., Proteco Gold Pty Ltd, Bella Vado Avocado Oil, SPECTRUM ORGANIC PRODUCTS, LLC, Olivado and Chosen Foods LLC. among other domestic and global players.
Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Avocado Extracts Market Scope and Market Size
The avocado extracts market is segmented on the basis of product type, category, application and distribution channel. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
• The market for avocado extracts is divided into two categories based on the kind of product: oil and powder.
• The market for avocado extracts is divided into organic and conventional products based on category.
•The avocado extracts market is divided into three categories based on application: food and beverages, pharmaceuticals and nutraceuticals, and others. Bakery and confectionery, beverages, dairy and frozen desserts, sweet and savoury nibbles, and others are further categories of food and drinks.