According to The Insights Partners new research study, "Avocado and Avocado Derivatives Market to Forecast 2028 – COVID-19 Impact and Global Analysis – by Type, Category, Application, and Geography," the market is projected to reach US$ 9,963.37 million by 2028 from US$ 7,368.65 million in 2022. It is expected to grow at a CAGR of 5.2% from 2022 to 2028.The report highlights key factors driving the microbial protein for feed market and prominent players along with their developments in the market.
Avocados contain vitamins A, B, C, E, and K, including essential nutrients. They also possess phytochemicals, like beta-sitosterol and antioxidants. The presence of essential nutrients is augmenting the demand for avocado fruit globally. The need for avocados is increasing globally due to their health benefits, as they improve vision, prevent heart-related diseases, and help improve digestion. The increased demand across the globe has resulted in expanded production.
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The Prominent/Emerging Players in the Avocado and Avocado Derivatives Market includes:
- Westfalia Fruit Pty. Ltd.
- Salud Foodgroup Europe BV
- Exportadora Propal SA
- Berje Inc.
- Lemonconcentrate SLU
- Avocado Brasil Commercio de Alimentos Ltda.
- ConnOils, LLC.
- Mission Produce, Inc.
- Calao Growers, Inc.
- Meridian Fruits SPR de RL de CV
Avocado and Avocado Derivatives Market Segment Analysis:
Based on category, the avocado and avocado derivatives market is segmented into organic and conventional. The organic segment held a larger share of the market during the forecast period, whereas the conventional segment is projected to register a higher CAGR during the forecast period. Synthetic fertilizers, pesticides, insecticides, herbicides, and fungicides are used in conventional avocado farming. Genetically modified organisms or genetically modified crop varieties used by avocado growers deliver consistent crop yields. Conventional farming involves planting these crops in full, direct sunlight, which leads to rapid crop growth and allows the growth of more plants in the given area.
The report analyzes factors affecting Avocado and Avocado Derivatives market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions
The report currently provides detailed insights on trends, market share, market size, market value, and trading volume. The global Avocado and Avocado Derivatives market report provides a comprehensive analysis of COVID-19 infections and how it has impacted market growth. This study explains the future opportunities for market participants. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory.
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