North America Avocado Processing Market Size and Forecast 2023-28

North America Avocado Processing Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A1719

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Market Overview:

The North America avocado processing market is expected to exhibit a growth rate (CAGR) of 7.1% during 2023-2028.

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 2023-2028. 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	2022
Historical Period	2017-2022
Forecast Period	2023-2028
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$ 2699 Five User License: US$ 3699 Corporate License: US$ 4699
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)

Key Questions Answered in This Report

We expect the North America avocado processing market to exhibit a CAGR of 7.1% during 2023-2028.

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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