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The global market for avocado processing is being led by North America, owing to the rising demand for products that have processed avocado, including frozen guacamole, avocado and avocado oil, etc. Guacamole is the leading product type, exhibiting the largest share in the market. This can be attributed to the awareness regarding its essential benefits through multiple platforms such as social media, etc. In the United States, people were consuming 7 pounds of avocados per person each year in 2017. Increasingly more people are consuming avocados and related products, which are marketed as a rich source of beneficial monounsaturated oil and are recommended for those following a diabetic diet.
Calavo Growers (NASDAQ: CVGW) and Olivado Group are some of the key players in the avocado processing industry. In April 2020, CFC announced that it is supporting Olivado Group, one of the leading producers of organic avocado oil globally, so that the company can expand its output and export of organic avocado oil. This will assist in the further expansion of the processed avocado industry.
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Calavo Growers and Olivado Group, among others, are the key players in the global avocado processing market. The EMR report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.
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