Avocado-based Products Market: Introduction
A recent study published by Transparency Market Research on the avocado-based products market includesNorth America and Europe industry analysis and opportunity assessment for2020-2030. Revenue generated from the avocado-based products market inNorth America is estimated to be valued over ~US$ 4.3 Bn in2020, which is estimated to rise at a CAGR of 5.4%, to surpassUS$ 7.3 Bn by 2030. Revenue generated from theavocado-based products market in Europe is estimated to be valued over~US$ 2.3 Bn in 2020, which is projected to rise at a CAGRof 7.3%, to cross US$ 4.8 Bn by 2030.
Rising Consumer Awareness toward Organic Productsto Boost Sales for Avocado-based Products
Organic food, when compared to conventional food, possesses morenutrients and antioxidant properties. Consumers have the confidence thatorganic food does not cause allergies, owing to the absence of fertilizers,pesticides, or any other chemicals, while harvesting crops. Organicavocado-based products are being preferred. Versatile applications of organicavocado-based products in food & beverages and foodservice industries, andthe household use of avocado-based products is winning customers. Thus, risingconsumer awareness toward organic products is benefiting the market.
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Development of Modern Distribution Channels Leadingto Increased Outreach of Avocado-based Products
Rapid urbanization, rising per capita income, Internet facilities, andincreasing social media influence are factors that have contributed to thegrowth of online business in North America and Europe. This has shown positiveimpact on the growth of the online retail market leading to increased sales foravocado-based products. A large number of manufacturers has started marketingavocado-based products via e-Commerce websites such as Amazon, Walmart, etc.Many emerging players are also looking to expand their business lines byselling their products through e-Commerce. Online retailing is the new era ofand advanced platform for selling avocado-based products, which is expected topositively impact the market growth.
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Spotlight on Better-for-you Snacks to Drive Salesof Avocado-based Products
Consumers are more frequently including smaller meals throughout theday, and are in search for healthier options. The demand for better-for-yousnacks are being projected to grow at a significant rate. Fresh snacks,primarily fruits, including avocados are popular among consumers. Avocado isknown to have high calories, fibers, and low sugar. Inclusion of half avocadoin a day makes one feel full for longer duration of time. A healthy lifestylethat includes nutritious food can help prevent various diseases. Avocados arehealthy food and can be added in the healthy diet. Vitamins, minerals, andhealthy fats from avocados help to prevent diseases and keep the body in goodworking order.
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