Avocado Extract Market:
Executive Summary
Avocado is a South American tropical fruit, which, because of being very healthy and useful, is now cultivated in numerous other tropical regions across the world. Like most of the other fruit oils, the avocado extract is also extracted directly from the pulp of the fruit. However, unlike the other fruit extracts, the avocado oil is known to be quite high in fiber, which makes it a perfect medication for those people who are suffering from stomach issues. Along with this, the avocado extract also contains a lot of other healthy components, such as potassium and healthful fats, which are considered to be very healthy for almost anyone.
One of the main factors, which can boost the growth of the market of avocado extract during the upcoming years, is the significant rise of numerous health issues, such as heart diseases and stomach problems. Regular usage of the avocado extract can help to reduce not only the risk of getting affected by these health problems but can also sometimes cure them completely. Avocado oil is also known to be quite beneficial for those people, who are trying to lose their weight. This is yet another reason that can help with the growth of the avocado extract market.
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However, because of the manufacturing issues, avocado oil is quite pricey. Thus, it becomes quite tough for the lower-middle class and the lower class people to afford it. This is one of the major factors that can hamper the growth of the market of avocado extract during the forecast period. Nevertheless, the issue with price can be resolved if the production of the avocado fruit increases.
Market Player
NOW Foods, ORGANICWAY, AVOCARE, Unichi, GLOBAL MERCHANTS
Market Segmentation
In general terms, the global market of the avocado extract can be segmented into three different sections, which are- product type, application, and regions. Regarding the product type, the market is further segmented into oil, capsule, powder, and tablet. Amongst these, the avocado oil segment is expected to experience the highest growth during the forecast period as it is generally used for various purposes. Based on the application, the market of the avocado extract can be classified into foods and beverage, pharmaceutical, and cosmetics. Among these three, the segment of foods and beverages is currently dominating the global market and will do the same in the upcoming years.
On the basis of region, the global avocado extract market is categorized into Asia, North America, South America, Europe, and the Middle East & Asia. In terms of consumption, the North American segment currently holds the leading position and is estimated to do the same during the forecast period. This is due to the sudden uprising of numerous chronic and fatal health issues in this region. However, in terms of oil processing, the South American continent is dominating the market and is anticipated to do the same in the upcoming years.
Because of its effectiveness, the avocado extracts are being used almost everywhere. To make it even more efficient, some of the key players in this market are also mixing the extract up with some other essential oils, such as almond, sunflower, coconut, etc, to improve the overall effectiveness of their product.
Continuous…
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