“Global Avocado Puree Market to reach a market value of USD 687.2 Million by 2030 growing at a CAGR of 5.3%”
The Global Avocado Puree Market size is expected to reach $687.2 million by 2030, rising at a market growth of 5.3% CAGR during the forecast period. In the year 2022, the market attained a volume of 58,858.3 Tonnes, experiencing a growth of 5.6% (2019-2022).
Avocado puree adds a distinctive and rich flavor to dressings and sauces. Its creamy and mild taste complements a variety of herbs, spices, and other ingredients, enhancing the overall flavor profile of the finished products. Consequently, the dressings & sauces segment would generate approximately 12.25% share of the market by 2030. Avocado puree is a natural emulsifier in dressings, helping bind oil, vinegar, or other liquid ingredients. This property contributes to the stability and homogeneity of the dressing, ensuring a well-balanced and visually appealing product.
The global shift toward plant-based diets and natural food products has led consumers to seek alternatives to traditional ingredients. As a plant-based and minimally processed option, avocado puree aligns with the preferences of individuals adopting vegetarian, vegan, or flexitarian lifestyles. Avocado puree is a versatile ingredient that aligns with vegetarian and vegan diets. Therefore, the market is expanding significantly due to the growing interest in plant-based and natural foods. Moreover, Avocado puree is a key ingredient in preparing guacamole and salsas, popular snacks enjoyed with chips or as toppings. The convenience of using avocado puree streamlines the preparation process for these snacks, making them more accessible to a broader consumer base. The trend of avocado chips and crisps made using avocado puree has gained traction. Thus, because of the rising popularity of avocado-based snacks, the market is anticipated to increase significantly.
Avocado production is often seasonal, leading to fluctuations in availability and prices. This can pose challenges for producers and result in supply chain disruptions, impacting the consistent availability of avocado puree throughout the year. Price volatility in avocados can lead to fluctuating production costs for avocado puree. When avocado prices rise due to weather events or increased demand, production costs may increase, impacting profit margins for producers and potentially leading to higher consumer prices. Thus, seasonal availability and price volatility can slow down the growth of the market.
On the basis of sales channel, the market is bifurcated into direct sales and indirect sales. The direct sales segment garnered a significant revenue share in the market in 2022. Direct sales create a direct connection between avocado puree producers and consumers. This connection allows producers to communicate their products' unique qualities, nutritional benefits, and quality standards directly to consumers, fostering trust and brand loyalty. Direct sales allow producers to educate consumers about avocado puree's uses, benefits, and versatile applications. Educational initiatives, such as product demonstrations, recipes, and nutritional information, can be shared directly with consumers to enhance their understanding and appreciation of avocado puree.
By category, the market is categorized into organic and conventional. In 2022, the organic segment held the highest revenue share in the market. The organic certification of avocado puree assures consumers that strict organic farming standards produce the product. This certification fosters trust among consumers by emphasizing organic products' perceived health and environmental benefits. Organic avocado puree caters to the preferences of health-conscious consumers who seek minimally processed and naturally sourced ingredients. The absence of synthetic pesticides and fertilizers aligns with the desire for cleaner and more wholesome food options.
Based on application, the market is classified into infant food, beverages, smoothies & yogurt, dressings & sauces, and others. In 2022, the infant food segment witnessed the largest revenue share in the market. The avocado puree has a smooth and creamy texture, making it easy for infants to consume. Its consistency is suitable for the early stages of weaning, providing a gentle transition from liquid to solid foods. The easy digestibility of avocado puree makes it a preferred option for introducing new textures to infants. Avocado puree contains monounsaturated fats, which are considered healthy fats. These facts are important for developing the brain and nervous system in infants. Including avocado puree in the diet supports the growth of healthy tissues and organs.
Free Valuable Insights: Global Avocado Puree Market size to reach USD 687.2 Million by 2030
Region-wise, the market is analysed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the Asia Pacific region acquired a significant revenue share in the market. Avocado puree is increasingly incorporated into sushi rolls and poke bowls across the Asia Pacific. Avocado puree is finding its way into traditional Asian desserts. Avocado puree is used in salads and salad dressings in the Asia Pacific. Avocado puree is incorporated into Asian fusion dishes, bridging traditional flavors with modern culinary trends. The health and wellness trend in the Asia Pacific region has contributed to the increasing popularity of avocado puree.
| Report Attribute | Details |
|---|---|
| Market size value in 2022 | USD 459.1 Million |
| Market size forecast in 2030 | USD 687.2 Million |
| Base Year | 2022 |
| Historical Period | 2019 to 2021 |
| Forecast Period | 2023 to 2030 |
| Revenue Growth Rate | CAGR of 5.3% from 2023 to 2030 |
| Quantitative Data | Volume in Tonnes, Revenue in USD Million, and CAGR from 2019 to 2030 |
| Number of Pages | 300 |
| Number of Tables | 690 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Category, Sales Channel, Application, Region |
| Country scope |
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| Companies Included | BS Foods BV, Paradise Juice Pvt Ltd (Frutteto), Dohler GmbH, Lemonconcentrate S.L.U, Ferreiro and Company, Florigin, Markon Cooperative, Inc., SFI Rotterdam BV, Hormel Foods Corporation (MegaMex Foods, LLC), Stonehill Produce, Inc. |
By Category (Volume, Tonnes, USD Million, 2019-2030)
By Sales Channel (Volume, Tonnes, USD Million, 2019-2030)
By Application (Volume, Tonnes, USD Million, 2019-2030)
By Geography (Volume, Tonnes, USD Million, 2019-2030)
This Market size is expected to reach $687.2 million by 2030.
Growing interest in plant-based and natural foods are driving the Market in coming years, however, Seasonal availability and price volatility restraints the growth of the Market.
BS Foods BV, Paradise Juice Pvt Ltd (Frutteto), Dohler GmbH, Lemonconcentrate S.L.U, Ferreiro and Company, Florigin, Markon Cooperative, Inc., SFI Rotterdam BV, Hormel Foods Corporation (MegaMex Foods, LLC), Stonehill Produce, Inc.
In the year 2022, the market attained a volume of 58,858.3 Tonnes, experiencing a growth of 5.6% (2019-2022).
The Indirect Sales segment is leading the Market, By Sales Channel in 2022 there by, achieving a market value of $530.9 Million by 2030.
The North America region dominated the Market, By Region in 2022 there by, achieving a market value of $312.9 Million by 2030, growing at a CAGR of 4.7 % during the forecast period.
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