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Avocado is usually found in the warm and tropical climate of Mexico and Central &South America. It serves as a rich source of monosaturated fats. It is used as an active ingredient in salads, savory dishes, desserts, and milkshakes. It is rich in potassium; fiber; and vitamins such as A, B, C, E, and K. Moreover, avocados contain phytochemicals such as beta-carotene, lycopene, beta-sitosterol, and anti-oxidants. Carotenoids in avocado function as antioxidants and protect healthy cells in eyes. Avocados help in reducing cholesterol levels by decreasing the LDL levels and increasing the HDL in the body, which helps in reducing the risk of cardiovascular diseases. Avocado seeds are used by manufacturers, as they contain 70% more antioxidants than the avocado fruit and also helps in reducing the risk of cancer. Innovation in the market is related to the use of avocado in other industry and increase the industry vertical.
COVID-19 Scenario Analysis
Rising concern of the people toward healthy food habits, awareness toward healthy lifestyle, rising prevalence of health & cardiovascular diseases, and increasing cholesterol levels due to consumption of fast foods are the factors that are driving the growth of the avocado market. Moreover, the use of avocado in milkshakes, desserts, and other food items has increased the demand of avocado from hotels & restaurants sector. However, high prices of avocado are one of the major restrain of the global market. Contrarily, investment toward the development of avocado breeds that can yield higher is being developed by the leading market players.
European countries have the highest demand for avocados due to the presence of a large number of food processing units in Europe and rise in consciousness about health. European countries have been the largest importer of avocado for the past few years. Rising demand for avocados from the hotels & restaurants in European countries is a major factor affecting the demand for avocado.
Asia-Pacific countries such as India and China are the most emerging economies of the world and have a high demand for healthy food items due to rising population and increasing disposable income of the middle-class people and rising health diseases in these countries.
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Questions Answered in the Avocados Market Research Report:
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Key Market Players