DUBLIN, April 14, 2023 /PRNewswire/ -- The "South America Avocado and Avocado Derivatives Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type, Category, and Application" report has been added to ResearchAndMarkets.com's offering.

The South America avocado and avocado derivatives market was valued at US$ 1,039.72 million in 2022 and is projected to reach US$ 1,392.88 million by 2028; it is expected to grow at a CAGR of 5.0% from 2022 to 2028.

Organic and natural products are gaining significant popularity owing to their perceived health benefits. People in South American countries are highly concerned about their health and wellness and pay more attention to ingredients used in processed products. They are willing to pay high prices for products that are free of synthetic ingredients.

Thus, industries such as personal care, food & beverages, and pharmaceutical are incorporating plant-based ingredients such as avocado-based oil, powder, and extract into their products.

With a focus on holistic and conscious food consumption, consumers prefer products made with natural and ethically sourced ingredients. According to a study commenced by Symrise in August 2020, 43-49% of the surveyed consumers from Mexico, Argentina, Brazil, and Colombia were willing to pay more for products with natural ingredients.

Avocado is a natural ingredient that has high nutritional value. It is enriched with vitamins (B, K, C, and E), potassium, carotenoids, and phytosterols. Moreover, using natural substances for cosmetics manufacturing, which have no adverse effects on the skin, is a common approach of manufacturers to attract more customers. Thus, increasing demand for natural ingredients among various end-use industries further creates a lucrative growth opportunity for the avocado and avocado derivates market.

The overall South America avocado and avocado derivatives market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain analytical Insights into the topic. The participants of this process include VPs, business development managers, market intelligence managers, national sales managers, and external consultants - such as valuation experts, research analysts, and key opinion leaders - specializing in the South America avocado and avocado derivatives market.

Market Dynamics

Market Drivers

• Strategic Development Initiatives by Manufacturers
• Demand from Personal Care Industry

Market Restraints

• High Prices of Avocado and Availability of Substitutes of Avocado Products at Lower Costs

Market Opportunities

• Rising Demand for Natural Ingredients in Various Industries

Future Trends

• Popularity of Organic Avocado

Key Topics Covered:

1. Introduction

2. Key Takeaways

3. Research Methodology

4. Avocado and Avocado Derivatives Market Landscape

5. South America Avocado and Avocado Derivatives Market - Key Market Dynamics

6. Avocado- Market Analysis

7. South America Avocado and Avocado Derivatives Market Analysis - By Type
7.1 Overview
7.2 South America Avocado and Avocado Derivatives Market Breakdown, by Type, 2021 & 2028
7.3 Whole
7.4 Oil
7.5 Puree
7.6 Others

8. South America Avocado and Avocado Derivatives Market Analysis - By Category
8.1 Overview
8.2 South America Avocado and Avocado Derivatives Market Breakdown, by Category, 2021 & 2028
8.3 Organic
8.4 Conventional

9. South America Avocado and Avocado Derivatives Market Analysis - By Application
9.1 Overview
9.2 South America Avocado and Avocado Derivatives Market Breakdown, by Application, 2021 & 2028
9.3 Food & Beverages
9.4 Pharmaceuticals & Nutraceuticals
9.5 Personal Care
9.6 Others

10. South America Avocado and Avocado Derivatives Market - Country Analysis

11. Impact of COVID-19 Pandemic on South America Avocado and Avocado Derivatives Market

12. Company Profiles

13. Appendix

A selection of companies mentioned in this report includes

• Westfalia Fruit Pty Ltd
• Salud Foodgroup Europe BV
• Exportadora Propal SA
• Berje Inc
• Lemonconcentrate SLU
• Avocado Brasil Comercio de Alimentos Ltda
• ConnOils LLC
• Mission Produce Inc
• Calavo Growers Inc
• MERIDIAN FRUITS SPR de RL de CV

For more information about this report visit https://www.researchandmarkets.com/r/nezbfj

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