South America 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)
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.
Avocados are associated with a variety of health benefits. It is rich in vitamins, minerals, carbohydrates, medium chain triglycerides, and dietary fibers which help in improving immune health, skin and hair health, and bone health. Moreover, organic and natural products are increasingly becoming popular owing to their perceived health benefits. This factor is driving the popularity of avocado in South American countries. Further, the increasing demand for avocados in food & beverages, pharmaceutical, personal care, animal feed, and other end-use industries are driving the avocado and avocado derivatives market growth across South America.
Market Overview and Dynamics
Leading avocado growers and product manufacturers in South America are expanding their businesses to other regions. In September 2021, Green SuperFood (GSF)—a producer and exporter of premium and sustainable fresh fruits and a Hass avocado grower in Colombia and Brazil—officially announced the creation of its new European marketing and distribution channel “Farmers Home Europe” at Fruit Attraction 2021. The Farmers Home Europe has a transparent business model, directly exporting Hass avocados to importers and retailers across Europe, the UK, and Russia. Manufacturers from industries such as food & beverages, pharmaceuticals & nutraceuticals, and personal care are investing in product innovation and other strategies to expand their customer base and meet emerging consumer trends. Personal care product manufacturers are incorporating avocados in their products by investing significantly in their research and development activities to address the needs of consumers. Such product innovations help manufacturers gain a competitive edge in international markets. These developments are boosting the demand for avocados in various industrial applications in South America.
Key Market Segments
Based on type, the South America avocado and avocado derivatives market is segmented into whole, oil, puree, and others. In 2021, the whole segment held the largest share of the market, however, the oil segment is expected to register the highest CAGR during the forecast period. Avocado oil, extracted from fruit pulp, is utilized in the production of various personal care products, pharmaceuticals, and food and beverages. It has acquired prominence in medicinal applications owing to its biological properties that contribute to the acceleration of wound healing and improvement in heart health and the digestive system. Avocado oil also aids in weight loss, skin radiance, and detoxification. Therefore, leading players in the personal care industry extensively use this specialty ingredient in hair and skin care solutions.
Based on category, the South America avocado and avocado derivatives market is bifurcated into organic and conventional. The conventional segment held a larger share of the market in 2021, and the organic segment is expected to register a higher CAGR over the forecast period. Adhering to organic farming prerequisites and standards allows certified organic avocado growers to ensure consistent product quality. Companies are focusing on achieving organic certifications to address the rising demand for organic avocados in the market. Moreover, increasing health consciousness and rising awareness about the health benefits of organic products are expected to drive the demand for organic avocados across the region.
Based on application, the South America avocado and avocado derivatives market is segmented into food & beverages, pharmaceuticals & nutraceuticals, personal care, and others. Food and beverages segment held larger share of the market in 2021, and the personal care segment is projected to register the highest CAGR during the forecast period. The popularity of plant-based cosmetics and personal care products is increasing with the growing awareness of the possible side effects and allergies caused by hazardous chemicals used in these products. Avocado is a significant natural ingredient used in plant-based personal care and cosmetics. Avocado, with its effective skin penetration ability, exhibits strong healing properties
Major Sources and Companies Listed
A few major primary and secondary sources referred to while preparing the report on the South America avocado and avocado derivatives market are company websites, annual reports, financial reports, national government documents, and statistical databases. Westfalia Fruit Pty Ltd, Salud Foodgroup Europe BV, Exportadora Propal SA, Berje Inc, Lemonconcentrate SLU, Avocado Brasil Comercio de Alimentos Ltd, ConnOils LLC, Mission Produce Inc, Calavo Growers Inc, and MERIDIAN FRUITS SPR de RL de CV are among the major companies listed in the report.
Reasons to Buy Report
- To understand the South America avocado and avocado derivatives market landscape and identify segments that are most likely to guarantee a strong return
- To stay ahead of the race by comprehending the ever-changing competitive market landscape in South America
- To efficiently plan mergers and acquisitions, and partnership deals in the South America avocado and avocado derivatives market by identifying market segments with the most promising probable sales
- To make knowledgeable business decisions from a perceptive and comprehensive analysis of the performance of various market segments
- To obtain a market revenue forecast for various segments for the period of 2022 –2028
Company Profiles
- Westfalia Fruit Pty Ltd
- Salud Foodgroup Europe BV
- Exportadora Propal SA
- Berje Inc
- Lemonconcentrate SLU
- Avocado Brasil Comercio de Alimentos Ltd
- ConnOils LLC
- Mission Produce Inc
- Calavo Growers Inc
- MERIDIAN FRUITS SPR de RL de CV
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis Formulation:
3.2.4 Macro-economic Factor Analysis:
3.2.5 Developing Base Number:
3.2.6 Data Triangulation:
3.2.7 Country Level Data:
3.2.8 Limitations and Assumptions:
4. Avocado and Avocado Derivatives Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Intensity of Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Expert Opinion
4.4 Ecosystem Analysis
4.4.1 Cultivators and Growers
4.4.2 Manufacturers
4.4.3 End-Use Industries
5. South America Avocado and Avocado Derivatives Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Strategic Development Initiatives by Manufacturers
5.1.2 Demand from Personal Care Industry
5.2 Market Restraints
5.2.1 High Prices of Avocado and Availability of Substitutes of Avocado Products at Lower Costs
5.3 Market Opportunities
5.3.1 Rising Demand for Natural Ingredients in Various Industries
5.4 Future Trends
5.4.1 Popularity of Organic Avocado
5.5 Impact Analysis of Drivers and Restraints
6. Avocado– Market Analysis
6.1 Avocado and Avocado Derivatives Market Overview
6.2 South America Avocado and Avocado Derivatives Market –Revenue and Forecast to 2028 (US$ Million)
6.3 Competitive Positioning – Key Market Players
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
7.3.1 Overview
7.3.2 Whole: South America Avocado and Avocado Derivatives Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Oil
7.4.1 Overview
7.4.2 Oil: South America Avocado and Avocado Derivatives Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Puree
7.5.1 Overview
7.5.2 Puree: South America Avocado and Avocado Derivatives Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others: South America Avocado and Avocado Derivatives Market – Revenue and Forecast to 2028 (US$ Million)
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
8.3.1 Overview
8.3.2 Organic: South America Avocado and Avocado Derivatives Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Conventional
8.4.1 Overview
8.4.2 Conventional: South America Avocado and Avocado Derivatives Market – Revenue and Forecast to 2028 (US$ Million)
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
9.3.1 Overview
9.3.2 Food & Beverages: South America Avocado and Avocado Derivatives Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Pharmaceuticals & Nutraceuticals
9.4.1 Overview
9.4.2 Pharmaceuticals & Nutraceuticals: South America Avocado and Avocado Derivatives Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Personal Care
9.5.1 Overview
9.5.2 Personal Care: South America Avocado and Avocado Derivatives Market – Revenue and Forecast to 2028 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others: South America Avocado and Avocado Derivatives Market – Revenue and Forecast to 2028 (US$ Million)
10. South America Avocado and Avocado Derivatives Market – Country Analysis
10.1 Overview:
10.1.1 South America: Avocado and Avocado Derivatives Market, by Key Country
10.1.1.1 Brazil: Avocado and Avocado Derivatives Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 Brazil: Avocado and Avocado Derivatives Market, by Type
10.1.1.1.2 Brazil: Avocado and Avocado Derivatives Market, by Category
10.1.1.1.3 Brazil: Avocado and Avocado Derivatives Market, by Application
10.1.1.2 Argentina: Avocado and Avocado Derivatives Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 Argentina: Avocado and Avocado Derivatives Market, by Type
10.1.1.2.2 Argentina: Avocado and Avocado Derivatives Market, by Category
10.1.1.2.3 Argentina: Avocado and Avocado Derivatives Market, by Application
10.1.1.3 Chile: Avocado and Avocado Derivatives Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 Chile: Avocado and Avocado Derivatives Market, by Type
10.1.1.3.2 Chile: Avocado and Avocado Derivatives Market, by Category
10.1.1.3.3 Chile: Avocado and Avocado Derivatives Market, by Application
10.1.1.4 Rest of South America: Avocado and Avocado Derivatives Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.4.1 Rest of South America: Avocado and Avocado Derivatives Market, by Type
10.1.1.4.2 Rest of South America: Avocado and Avocado Derivatives Market, by Category
10.1.1.4.3 Rest of South America: Avocado and Avocado Derivatives Market, by Application
11. Impact of COVID-19 Pandemic on South America Avocado and Avocado Derivatives Market
11.1 Impact of COVID-19 Pandemic on South America Avocado and Avocado Derivatives Market
12. Company Profiles
12.1 Westfalia Fruit Pty Ltd
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Salud Foodgroup Europe BV
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Exportadora Propal SA
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Berje Inc
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Lemonconcentrate SLU
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Avocado Brasil Comercio de Alimentos Ltda
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 ConnOils LLC
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Mission Produce Inc
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Calavo Growers Inc
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 MERIDIAN FRUITS SPR de RL de CV
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. South America Avocado and Avocado Derivatives Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. South America Avocado and Avocado Derivatives Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 3. South America Avocado and Avocado Derivatives Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 4. South America Avocado and Avocado Derivatives Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 5. Brazil Avocado and Avocado Derivatives Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 6. Brazil Avocado and Avocado Derivatives Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 7. Brazil Avocado and Avocado Derivatives Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 8. Argentina Avocado and Avocado Derivatives Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. Argentina Avocado and Avocado Derivatives Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 10. Argentina Avocado and Avocado Derivatives Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 11. Chile Avocado and Avocado Derivatives Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 12. Chile Avocado and Avocado Derivatives Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 13. Chile Avocado and Avocado Derivatives Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 14. Rest of South America Avocado and Avocado Derivatives Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 15. Rest of South America Avocado and Avocado Derivatives Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 16. Rest of South America Avocado and Avocado Derivatives Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 17. List of Abbreviation
LIST OF FIGURES
Figure 1. Avocado and Avocado Derivatives Market Segmentation
Figure 2. Avocado and Avocado Derivatives Market Segmentation – By Geography
Figure 3. South America Avocado and Avocado Derivatives Market Overview
Figure 4. The Whole Segment Held the Largest Share in 2021
Figure 5. Brazil Dominated the Avocado and Avocado Derivatives Market in 2021
Figure 6. South America Avocado and Avocado Derivatives Market, Key Market Players
Figure 7. Porter's Five Forces Analysis
Figure 8. Expert Opinion
Figure 9. Ecosystem: South America Avocado and Avocado Derivatives Market
Figure 10. Average Consumer Price of Avocados, by Month (US$/Kg)
Figure 11. South America Avocado and Avocado Derivatives Market: Impact Analysis of Drivers and Restraints
Figure 12. Geographic Overview of Avocado and Avocado Derivatives Market
Figure 13. South America: Avocado and Avocado Derivatives Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Key Players: Avocado and Avocado Derivatives Market
Figure 15. South America Avocado and Avocado Derivatives Market Breakdown, by Type, 2021 & 2028
Figure 16. Whole: South America Avocado and Avocado Derivatives Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Oil: South America Avocado and Avocado Derivatives Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Puree: South America Avocado and Avocado Derivatives Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Others: South America Avocado and Avocado Derivatives Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. South America Avocado and Avocado Derivatives Market Breakdown, by Category, 2021 & 2028
Figure 21. Organic: South America Avocado and Avocado Derivatives Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Conventional: South America Avocado and Avocado Derivatives Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. South America Avocado and Avocado Derivatives Market Breakdown, by Application, 2021 & 2028
Figure 24. Food & Beverages: South America Avocado and Avocado Derivatives Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Pharmaceuticals & Nutraceuticals: South America Avocado and Avocado Derivatives Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Personal Care: South America Avocado and Avocado Derivatives Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Others: South America Avocado and Avocado Derivatives Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. South America: Avocado and Avocado Derivatives Market Revenue Share, by Key Country (2021 and 2028)
Figure 29. Brazil: Avocado and Avocado Derivatives Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Argentina: Avocado and Avocado Derivatives Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Chile: Avocado and Avocado Derivatives Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Rest of South America: Avocado and Avocado Derivatives Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. Impact of COVID-19 Pandemic on South America Avocado and Avocado Derivatives Market
The List of Companies - South America Avocado and Avocado Derivatives Market
- 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
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the South America avocado and avocado derivatives market, thereby allowing players to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.