Avocado-based products market will see significant growth due to the increasing popularity of organic products, TMR says

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ALBANY, NY, October 4, 2021 / PRNewswire / – Evolving consumer preferences and growing consumer awareness of the importance of using avocados in the daily diet are expected to serve as major growth drivers for the Avocado Products market over the forecast period of 2021-2031. The increasing use of avocado-based products in various end-use industries such as retail, food and beverage, cosmetics and personal care, and others will ensure the market expansion.

Transparency Market Research (TMR) has conducted extensive research on various aspects related to the growth of the avocado product market. The TMR analysts estimate that the global market for avocado-based products will grow with a CAGR of 6.1% during the forecast period. The market for avocado products is expected to be crossed $ 29.93 billion by 2031.

The popularity of avocado oil as a viable alternative to traditional oils ensures significant growth in the avocado-based product market. The players in the market for avocado-based products rely on this aspect. Avocado oil has vitamin A and is good for health. In addition, due to the COVID-19 pandemic, the demand for immunity-boosting foods has increased significantly. Avocado is known to increase immunity. Hence, it is expected that these factors will drive the market for avocado-based products. The players in the avocado based products market are expected to focus on R&D activities to produce avocado based foods that are effective and inexpensive for consumers, which will ultimately lead to an increase in their revenues.

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Main findings of the report

Increasing demand for plant-based butter to improve the growth path of the market for avocado-based products

Plant-based butter is developing as a superfood for lactose intolerants and vegans. These dairy-free products have the same taste as regular butter. Avocado oil is used as the main ingredient in the manufacture of herbal products. The growing number of vegan populations and the addiction of many to plant-based butter is likely to fuel the growth of the avocado product market.

Increase the use of avocado powder in dietary supplements to fuel market growth

The use of avocado powder in dietary supplements acts as a growth accelerator for the avocado-based products market. Avocado contains fiber, potassium, and monounsaturated fat. These nutrients are beneficial for fitness and other aspects. Hence, the growing awareness of fitness among numerous people around the world will provide the market with significant growth opportunities.

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Online shopping provides revenue opportunities for the avocado-based product market

The trend towards online shopping was on the rise even before the pandemic, but many food and beverage manufacturers were relying on brick-and-mortar stores. However, as the pandemic hit the world and stay-at-home orders were imposed, online shopping became a popular way to shop at home. Lockdown restrictions and constant uncertainty about the reopening of stores forced many avocado-based products companies to enter the market to sell their products through e-commerce platforms, which had a positive impact on the growth structure of the avocado-based products market.

Some established players in the avocado products market are Salud Food Group Europe BV, Westfalia Fruit (Pty) Ltd, Spectrum Organics Products, Avocado Mexico, Good Foods Group, Dipasa United States of America Inc., Calavo Growers Inc., Grünewald Fruchtsaft GmbH, Crofts Ltd., Sesajal SA de CV and Frutas Montosa.

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