South America Avocado and Avocado Derivatives Market

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

South America Avocado and Avocado Derivatives Strategic Insights

Strategic insights for the South America Avocado and Avocado Derivatives provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

South America Avocado and Avocado Derivatives Report Scope

South America Avocado and Avocado Derivatives Regional Insights

The geographic scope of the South America Avocado and Avocado Derivatives refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.