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North America Avocado Processing Market Report by Product Type (Guacamole, Avocado Oil, Frozen Avocado, Avocado Sauce, and Others), Application (Food and Beverages, Cosmetics, Pharmaceuticals, and Others), and Country 2024-2032
Report Format: PDF+Excel | Report ID: SR112024A1719
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Market Overview:
The North America avocado processing market is expected to exhibit a growth rate (CAGR) of 6.56% during 2024-2032.
|
Report Attribute
|
Key Statistics
|
|---|---|
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Base Year
|
2023 |
|
Forecast Years
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2024-2032
|
|
Historical Years
|
2018-2023
|
| Market Growth Rate (2024-2032) | 6.56% |
Processed avocado is widely utilized in the preparation of sandwiches, wraps, salads, sushi rolls and other fresh as well as high-quality ready-to-eat food products. Along with this, due to the presence of essential amino acids in avocado, it is mainly preferred by the health-conscious consumers, especially vegetarians and vegans. Moreover, owing to the presence of various nutrients, it helps in maintaining cholesterol levels, protecting the heart from atherosclerosis, improving vision and digestion, relieving arthritis pain, and enhancing the antioxidant properties in the human body. Owing to these benefits, avocado finds wide application in industries including food and beverages, pharmaceuticals, and personal care.
The North America avocado processing market is currently being driven by several factors. Avocado offers several health benefits such as reducing cholesterol and blood sugar levels, improving eye health and keeping the digestive track healthy. The rising consumer awareness towards these advantages has led to an increase in the demand for processed avocado products in the region. Furthermore, avocado is rich in fibres which contributes to weight loss, thereby gaining traction among the health-conscious consumers. Apart from this, manufacturers are introducing a wide variety of products ranging from avocado oil to guacamole, frozen avocado, avocado sauce and others that caters to different needs of consumers. These products are used by households, hotels, restaurants and other food service joints, thereby increasing the consumer-base of the market across the region.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the North America avocado processing market report, along with forecasts at the regional and country level from 2024-2032. Our report has categorized the market based on product type and Application.
- Key Regions Analysed
- United States
- Canada
- Mexico
- Analysis for Each Country
- Market by Product Type
- Guacamole
- Avocado Oil
- Frozen Avocado
- Avocado Sauce
- Others
- Market by Application
- Food and Beverages
- Cosmetics
- Pharmaceuticals
- Others
- Value Chain Analysis
- Key Drivers and Challenges
- Porters Five Forces Analysis
- PESTEL Analysis
- Government Regulations
- Competitive Landscape
- Competitive Structure
- Key Player Profiles
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Units | US$ Million |
| Segment Coverage | Product Type, Application, Country |
| Countries Covered | United States, Canada, Mexico |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 3699 Five User License: US$ 4699 Corporate License: US$ 5699 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
We expect the North America avocado processing market to exhibit a CAGR of 6.56% during 2024-2032.
The rising demand for avocado as it aids in maintaining cholesterol levels, protecting the heart from atherosclerosis, improving vision and digestion, relieving arthritis pain, etc., is primarily driving the North America avocado processing market.
The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of processed avocado-based products across several North American nations.
Based on the product type, the North America avocado processing market has been segregated into guacamole, avocado oil, frozen avocado, avocado sauce, and others. Among these, guacamole currently holds the largest market share.
Based on the application, the North America avocado processing market can be bifurcated into food and beverages, cosmetics, pharmaceuticals, and others. Currently, the food and beverage sector exhibits a clear dominance in the market.
On a regional level, the market has been classified into United States, Canada, and Mexico, where United States currently dominates the North America avocado processing market.
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