Report : Middle East & Africa Avocado and Avocado Derivatives Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (Whole, Oil, Puree, and Others), Category (Organic and Conventional), and Application (Food & Beverages, Pharmaceuticals & Nutraceuticals, Personal Care, and Others)

At 3.8% CAGR, the Middle East & Africa Avocado and Avocado Derivatives Market is speculated to be worth US$ 272.00 million by 2028, says Business Market Insights

According to Business Market Insights’ research, the Middle East & Africa avocado and avocado derivatives market was valued at US$ 217.38 million in 2022 and is expected to reach US$ 272.00 million by 2028, registering an annual growth rate of 3.8% from 2022 to 2028.  Popularity of organic avocado   and rising demand for natural ingredients in various industries are the critical factors attributed to the Middle East & Africa avocado and avocado derivatives market expansion.

The demand for organic products is increasing among consumers, as they are often perceived as healthier alternatives to conventional products. Further, greater access to infinite information through the internet has made consumers increasingly aware of their health needs, which triggers the demand for organic products. The inclination of people toward organic products has encouraged manufacturers to invest heavily in products produced with organic constituents. Producers in food & beverages, personal care, and pharmaceuticals & nutraceuticals industries are considering the replacement of chemical ingredients with natural ingredients in response to this trend. Organic avocados are primarily added to cosmetic formulations, pharmaceutical solutions, and food & beverage products such as organic avocado oils, organic avocado puree, vegan avocado creams & lotions because of their antioxidant properties. Manufacturers of organic cosmetic products claim better efficacy. Moreover, these products have intrinsic acceptability; as people routinely use these products, they prefer organic counterparts over synthetic products to avoid side effects.

On the contrary, high prices of avocado and availability of substitutes of avocado products at lower costs hurdles the growth of Middle East & Africa avocado and avocado derivatives market.    

Based on type, the Middle East & Africa avocado and avocado derivatives market is segmented into whole, oil, puree, and others. The whole segment held 48.8% market share in 2022, amassing US$ 106.02 million. It is projected to garner US$ 130.72 million by 2028 to expand at 3.6% CAGR during 2022–2028.  

Based on category, the Middle East & Africa avocado and avocado derivatives market is bifurcated into organic, and conventional. The conventional segment held 91.8% market share in 2022, amassing US$ 199.65 million. It is projected to garner US$ 248.34 million by 2028 to expand at 3.7% CAGR during 2022–2028.  

Based on application, the Middle East & Africa avocado and avocado derivatives market is segmented into food and beverages, pharmaceuticals and nutraceuticals, personal care, and others. The food and beverages segment held 55.1% market share in 2022, amassing US$ 119.67 million. It is projected to garner US$ 147.40 million by 2028 to expand at 3.5% CAGR during 2022–2028.  

Based on country, the Middle East & Africa avocado and avocado derivatives market is segmented into South Africa, Saudi Arabia, UAE, and the Rest of Middle East & Africa. Our regional analysis states that the Rest of Middle East & Africa captured 44.0% market share in 2022. It was assessed at US$ 95.71 million in 2022 and is likely to hit US$ 116.44 million by 2028, exhibiting a CAGR of 3.3% during the forecast period.    

Key players dominating the Middle East & Africa avocado and avocado derivatives market are Avocado Brasil Comercio de Alimentos Ltda, ConnOils LLC, Exportadora Propal SA, Lemonconcentrate SLU, Meridian Fruits SPR de RL de CV, Mission Produce Inc, Salud Foodgroup Middle East & Africa BV, and Westfalia Fruit Pty Ltd among others. 

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