The global avocado puree market revenue was around US$ 481.5 million in 2021 and is estimated to reach US$ 727.9 billion by 2031, growing at a compound annual growth rate (CAGR) of 4.3% during the forecast period from 2022 to 2031.
Avocado purees are created by chopping, blending, pressing, or sieving fresh until they have the consistency of a creamy slurry or paste. It is a rich source in terms of monosaturated fats. It functions as an ingredient in salads, savory foods, sweet treats, and milkshakes.
Factors Influencing Market Growth
Due to changes in lifestyle and a rise in health consciousness. People are looking for healthy substitutes to tackle health problems like heart disease and obesity. Due to its health advantages, this oil has grown in popularity among these people. As a result, this factor increases demand for the avocado puree market.
Rising prevalence of health and cardiovascular diseases, awareness of a healthy lifestyle, rising concern among consumers about eating habits, and rising cholesterol levels brought on by the consumption of fast food. Such factors drive market growth.
High weather conditions, including high heat and cold, little or no rain, and other disasters, negatively affect the production of different types of fruits, which, in turn, negatively affects the production of avocado puree.
Study of the COVID-19 Pandemic
Due to the COVID-19 outbreak, rise in demand for healthy food products and vegetables & fruits because they contain antioxidants and boost immunity. Manufacturers used to encounter difficulties because the fruits were lying in the farmer's field and storehouse but couldn't be moved to the market and factories for additional processing. National and international travel have been hampered due to the lockdown that has been enacted in many nations. This had a substantial impact on the supply chains of numerous businesses across the globe. After the pandemic, there will be a rise in demand for avocados as individuals seek out more nutritious foods to build their immunity.
Regional Insights
North America dominated the market in terms of share. The adoption of dietary food habits in the region has led to a rise in the consumption of avocado puree and fruit. Increasing rates of obesity and other chronic diseases brought on by poor eating habits have made people more concerned about their health. They have started certain food patterns to maintain healthy body weight and composition. It has a high consumption rate and is frequently utilized in the culinary, beverage, and baking industries. The widespread use of products such as conventional cooking oil is high in the Canada and United States, which boosts the market.
Leading Competitors
The leading competitors in the global avocado puree market are:
DMH Ingredients Inc
Ferreiro and Company
Florigin Limited
Grupo Comavo
Lemon concentrate S.L.U
Markon
SFI Rotterdam BV
Stonehill Produce
Simped Foods Pty Ltd
The Berry Man
The Foodfellas
The Wilatta Group
Wholly Guacamole
Others
Segmentation Analysis
The global avocado puree market segmentation focuses on Category, Application, Sales channel and Region.
Segmentation based on Category
Organic
Conventional
Segmentation based on Application
Infant Food
Beverages
Smoothies and Yogurt
Dressings and sauces
Others
Segmentation based on Sales Channel
Direct Sales
Indirect Sales
o Supermarket and Hypermarket
o Specialty Stores
o E Retailers
Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America