- In September 2018, Australia’s biggest avocado farm owner, Simpson Farms announced the sale of its farm business. The company annual revenues were to the tune of nearly US$ 75 million through the sale of over 1.5 million avocados. The farm that produces these avocados is expected to be sold for between US$ 250 to 300 million.
- In February 2018, Costa Group announced the acquisition of Coastal Avocados farms in New South Wales. The acquisition was made in partnership with Macquarie Agricultural Funds Management who will own the forms and Costa will operate them. The acquisition is aimed at Costa’s goal to achieve 1,000 hectares and 52-week supply annually.
- In October 2018, Mexico avocado growers went on 16 days strike in protest of low field prices and other issues. Due to the strike, weekly shipments plummeted significantly from 40 million in the week of 28 October to 4.8 million two weeks later. While 78% of the Hass avocados were shipped in the U.S. from Mexico in 2017, the effect of the shortage reached U.S. restaurants forcing owners to remove avocados and guacamole from menus.
- In the second quarter of 2018, avocado prices witnessed a dramatic fall in Europe. The prices of avocado dropped to one third within a year span, according to the Ministry of Agriculture, Fisheries and Food (MAPAMA) in Spain. Despite the increased annual consumption capacity, increased production in Peru and South Africa, prominent avocado importers in Europe has led to market saturation and downfall in avocado prices.
- In Australia, despite the increased production capacity, higher prices of avocados continue amid exponentially rising demand. The year 2018 remained a high priced avocado year for the avocado industry – the scenario has led the Avocado Australia and Hort Innovation to work towards enhancing domestic production as well as expand domestic and international markets.
- Columbia became the member of the World Avocado Organization (WAO) whose current member countries include Mexico, Peru, the US, South Africa, Tanzania, Zimbabwe, Mozambique and Spain. The announcement was made in the Asia Fruit Logistica 2018 in September. With the WAO membership, Columbia will increase supply in the European avocado market.
Fact.MR report delivers notable insights on all the key avocado extract market players. Profiled players in the avocado extract market include Simpson Farms, Crofts Limited, AVOCARE, Olivado Ltd, Avocado Global Pte Ltd, Salud Food Group, Sunfresh, Avocado Oil De Mexico, Indigo Herbs, Markon, and others.
Tier 3 Players Show Stronger Foothold in Avocado Extract Market
Tier 3 players in the avocado extract market have a significant penetration in domestic markets. Avocado extract products manufactured by these players are preferred across multiple applications, owing to end-user sentiment to buy locally produced avocado extract products such as oil, powder and puree.
Olivado Ltd., Indigo Herbs, Markon and other players are categorized as Tier 3 companies whose focus remains differentiated food offerings. For Instance, Olivado Ltd. is a leading provider of extra virgin cold pressed avocado oil whereas Indigo Herbs delivers organic avocado powder. With their unique approach of market sustenance, Tier 3 players hold over half the volume share in the avocado extract market.
Supply Chain Challenges Impede Avocado Stockpiling
Avocado production is concentrated in Mexico which accounts for 35-45% of the global avocado supply. Other prominent producers include the Dominican Republic, Peru, Colombia, and Indonesia. Demand for avocado has skyrocketed in the past half a decade which has created volatility in the avocado market, particularly lower field prices.
Moreover, the duration of avocado ripening depends on the harvesting time and post-harvest environment. Further, the fruit requires end-to-end monitoring during shipping and storage. In addition to the field price challenges, unique harvesting process and requirement of the cold chain while transportation further complicates the supply chain. The delicate supply chain is vulnerable to changes that may affect the stock used in the production of different avocado extract products.
Growing Avocado Demand from Cosmetics Industry Represents an Opportunity
Consumer spending on products with natural ingredients has increased significantly. The trend has fuelled the sales of consumer products with avocado ingredients. Further, the positive consumer sentiment about avocados as a healthy food is rubbing off on its growing adoption by cosmetic manufacturers. Avocado oil is known for its higher penetration in the skin tissue and is a highly used ingredient in nourishing creams, massage oil, massage cream and other lubricating lotions.
Sales of beauty products with anti-aging properties are growing rapidly. Avocado oil is known for its higher content of anti-oxidant chemicals that protect the skin from damage and help reduce skin wrinkles. Rising sales of beauty products with natural ingredients and consumer preference for avocado ingredients in cosmetics furthers the use of avocado extracts in cosmetics.
Surging Demand for Edible Oils with Value-Add Benefits Amplifying Avocado Oil Consumption
As an essential cooking ingredient, demand for edible oil has witnessed a meteoric rise in past decade, owing to the impact of interconnected macro and microeconomic factors. Despite comparatively higher cost of avocado oil, consumption levels have increased significantly, thanks to a rapidly growing health-conscious consumer base.
In addition to the health benefits of avocado oil, steadily growing demand for value-added food products has augured well for sales of avocado extract including avocado oil, wherein extra virgin avocado oil is witnessing a significant demand.
Healthfulness of Avocados – A Primary Demand Booster of Avocado Extract Market
The popular health and fitness trend is fueling the demand for various avocado extract products. As compared to other fruits, avocados are superfluous with minerals and other contents that have higher health value.
Avocado contains a number of vitamins including vitamin E, C, K and B vitamins such as riboflavin, niacin, folate, pantothenic acid and B6. In addition, they also contain smaller concentrations of magnesium, potassium, copper, iron, zinc and phosphorous. Avocados have high contents of lutein, zeaxanthin and beta-carotene. Further, avocados have omega-3 fatty acids which are helpful in relieving joint pain. High fiber is another beneficial content in avocados that help in weight loss and enhancement of metabolic health.
Avocado Extract - Definition
Avocado extract is obtained from the fruit of Persea Americana (avocado) and its varieties that are cultivated in Tropical and Mediterranean climates across the globe. The avocado extract can be in the form of oil, powder or puree. The avocado extracts that are extracted forms of avocado contains essential minerals with health benefits.
Avocado Extract Market – About the Report
Fact.MR has compiled a study on the avocado extract market and published a report titled, “Avocado Extract Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2018 to 2027.” The avocado extract market report covers all the important market facets that hold significant influence on the growth of the avocado extract market during the forecast period. The avocado extract market analysis included in the report is carried out for the historical period 2013-2017 and forecast period 2017-2027.
Avocado Extract Market – Segmentation
The avocado extract market analysis included in the report is based on the thorough understanding of the avocado industry landscape. Based on a thorough analysis, the avocado extract market is segmented based on extract type, source and application.
Based on extract type, the avocado extract market is segmented in oil, powder and puree. Based on source, the avocado extract market is segmented in hass, Fuertes and other sources. Among different applications of the avocado extract, the market study covers food & beverage, cosmetics, dietary supplements and pharmaceuticals.
The avocado extract market analysis is carried out in key regions including North America, Latin America, Europe, Japan, APEJ and MEA. The regional analysis of the avocado extract market includes a thorough country-wise assessment in key countries.
Avocado Extract Market – Additional Questions Answered
In addition to the aforementioned insights, the avocado extract market report includes an in-depth analysis of all the important facets of the avocado extract market. A thorough analysis as such can answer some of the bemusing questions of the business professional interested in the avocado extract market.
- What will be the revenue generated by the avocado extract market in 2019?
- Which application will register highest consumption of avocados during the forecast period?
- What is the impact of the evolving supply chain on the future growth of the avocado extract market?
- Which source of the avocado extract will be highly preferred during the forecast period?
- Which region present lucrative opportunities in the avocado extract market in the future?
Avocado Extract Market – Research Methodology
A robust research methodology followed during the course of the avocado extract market study is discussed in this section. Different approaches used to carry out the research of avocado extract market is covered in this section. The primary and secondary research approaches used to perform avocado extract market analysis is explained thoroughly in this section.
Primary research of the avocado extract market includes interviews with industry savants and domain-specific analysts. Secondary research of the avocado extract market includes an in-depth study of published data, company press releases and other industry validated information.
Fact.MR has compiled a new study on the avocado extract market and published a report, “Avocado Extract Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2018 to 2027.” The avocado extract market analysis is carried out for the historical period 2013-2017 and forecast period 2018-2027. The avocado extract market report delivers information on the market driver, restraints, trends and opportunities that hold significant influence on the growth of the avocado extract market in the future. In addition, the avocado extract market analysis is based on the associated industry assessment, impact of mega and micro trends, avocado supply chain and global production-consumption scenario of avocado.
The avocado extract market report is divided in sophisticated chapters which enable readers to easily navigate through the report and fathom the outlook of avocado extract market. The avocado extract market report has a total of 16 chapters, a brief introduction of every chapter is provided below.
Chapter 1 - Global Avocado Extract Market - Executive Summary
The avocado extract market report begins with executive summary. The executive summary provides a summary of qualitative and quantitative information of the avocado extract market. Highlighted values of CAGR and market size of important market segments enable readers to gauge the market performance throughout the forecast period.
Chapter 2 - Global Avocado Extract Market Overview
In the following chapter of avocado extract market overview readers can find information including avocado extract definition, avocado extract market taxonomy and avocado extract market introduction. In addition, the chapter also covers information on the avocado extract market forecast scenario and impact of forecast factors.
Chapter 3 - Global Avocado Extract Market Dynamics
In this chapter of the avocado extract market, readers can find information on the avocado extract market dynamics including avocado extract market drivers and restraints. The avocado extract market analysis also includes assessment of the trends in the avocado extract market.
Chapter 4 - Associated Industry Assessments
This chapter of the avocado extract market covers associated industry assessment. The assessment includes avocado market overview that covers world avocado production trend, global avocado consumption and study of avocado varieties & seasonality chart. The chapter also provides information of PESTLE analysis, supply chain analysis, regulatory framework, competition market footprint, investment feasibility matrix and macroeconomic factors.
Chapter 5 - Global Avocado Extract Market - Pricing Analysis
This chapter of the avocado extract market provides information on the pricing analysis of the avocado extract market. The pricing analysis of the avocado extract market includes cost structure analysis, pricing analysis by region and pricing analysis based on year over year growth.
Chapter 6 - Global Avocado Extract Market - Trade Analysis
In this chapter of the avocado extract market, trade analysis is explained in detail. The trade analysis of the avocado extract market includes comprehensive assessment of consumption, production, import and export activities in the avocado extract market. The details include a list of top production countries, top consumption countries, key exporting countries, key importing countries and development stages of the avocado exporting industry.
Chapter 7 - Global Avocado Extract Market Analysis and Forecast 2013-2027
In this chapter, a thorough analysis of the avocado extract market is provided. The avocado extract market is segmented based on extract type, source and applications. The taxonomy also covers regional segmentation that includes avocado extract market study in key global regions.
Based on extract type, the avocado extract market is segmented in oil, powder and puree forms. Based on application, the avocado extract market is segmented in Food & beverage, cosmetics, dietary supplements and pharmaceuticals. Based on source, avocado extract market is segmented in hass, Fuertes and others.
Chapter 8 - North America Avocado Extract Market Size and Forecast, 2013-2027
This chapter of the report provides information on the North America avocado extract market performance during the historical period 2013-2017 and forecast period 2018-2027. The regional analysis of the avocado extract market includes a thorough country-wise analysis.
Chapter 9 - Latin America Avocado Extract Market Size and Forecast, 2013-2027
In this chapter of the avocado extract market report, readers can find information on the market performance in Latin America. Latin America avocado extract market analysis is based on the thorough study of the market structure and country-wise analysis of key Latin America countries.
Chapter 10 - Europe Avocado Extract Market Size and Forecast, 2013-2027
This chapter delivers the avocado extract market analysis in Europe. The Europe avocado extract market analysis is based on an exhaustive analysis of market structure and country-wise assessment of key European countries.
Chapter 11 - Japan Avocado Extract Market Size and Forecast, 2013-2027
Japan avocado extract market can be found in this chapter of the avocado extract market report. The country’s avocado market analysis has covered a thorough assessment of prevailing trends and future opportunities. Japan avocado extract market analysis is carried out for the historical period 2013-2017 and forecast period 2018-2027.
Chapter 12 - APEJ Avocado Extract Market Size and Forecast, 2013-2027
The avocado extract market performance in APEJ can be found in this chapter. Asia Pacific Excluding Japan avocado extract market analysis covers a thorough study of all the market segments and country-wise assessment of key APEJ countries.
Chapter 13 - MEA Avocado Extract Market Size and Forecast, 2013-2027
In this chapter of the avocado extract market, readers can find information on the growth forecast of avocado extract market in Middle East and Africa. The MEA avocado extract market analysis is based on a thorough assessment of all the market segments and country-wise analysis of key MEA countries.
Chapter 14 - Global Avocado Extract Market – Competition Landscape
In this chapter of the avocado extract market, readers can find information on the competitive landscape of the global avocado extract market. The chapter covers a comprehensive list of all key players in the avocado extract market. In addition, company share analysis of key avocado extract market players is also covered in the chapter.
Chapter 15 - Global Avocado Extract Market – Company Profiles
In this chapter of company profile, readers can find information on the product portfolio, company revenues, global footprints and relative market presence. In addition, notable developments of the profiled players are also discussed in the company profile chapter.
Chapter 16 - Disclaimer
In the last chapter of disclaimer, readers can find the statement regarding the responsibility of the assumptions and facts derived in the report.
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