According to the latest report by IMARC Group, titled “North America Avocado Processing Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the market reached a value of US$ 770.4 Million in 2019. Processed avocado is characterized by a rich and creamy texture. It is a rich source of minerals, proteins, potassium, monounsaturated omega-9 fatty acids, and vitamins A, D, and E. It is used in preparation of wraps, salads, sandwiches, and sushi rolls. It is widely preferred by health-conscious consumers as its consumption aids in regulating digestion, maintaining cholesterol levels and improving heart health. It is also used in the formulation of numerous personal care and cosmetic products due to its antioxidant and anti-inflammatory properties.
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The North America avocado processing market is majorly driven by considerable growth in the food sector. This is supported by the changing dietary preferences and the inflating disposable income levels of the masses. Additionally, the rising inclination toward global cuisines and westernization of food patterns are also contributing to the market growth. The market is further driven by the increasing preference for avocado oil for cooking in household and commercial settings as it contains high concentration of beneficiary fatty acids. Moreover, the usage of processed avocado in personal care products aids in treating acne, calming itchiness, increasing collagen metabolism and healing chapped skin. With the escalating preference for natural and organic personal care products among the masses, this is acting as a major growth-inducing factor. Looking forward, IMARC Group expects the market to reach a value of US$ 1,169.2 Million by 2025, registering a CAGR of around 7.2% during 2020-2025.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:
The competitive landscape of the north america avocado processing market has been studied in the report with the detailed profiles of the key players operating in the market.
Key Highlights of the Market Segmentation:
Breakup by Product Type:
- Guacamole
- Avocado Oil
- Frozen Avocado
- Avocado Sauce
- Others
Breakup by Application:
- Food and Beverages
- Cosmetics
- Pharmaceuticals
- Others
Breakup by Country:
- United States
- Canada
- Mexico
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Key highlights of the report:
- Market Performance (2014-2019)
- Market Outlook (2020-2025)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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