Avocado Market

Avocado Market is anticipated to grow at a CAGR of 5.7% during forecast period and estimated to reach USD 20,100 Million by 2027.

Introduction of Global Avocado Market Report

Avocado is a fruit that is witnessing an upsurge in demand in the past years, driven by the international popularity of guacamole and its global recognition as a “superfood” based on health advantages. The increasing demand and prices are setting up avocado as one of the top crops to be traded.

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The significant factors contributing to the growth of the Avocado market include increasing awareness among consumers about health concerns, followed by the growing focus on healthy lifestyle promoting the intake of healthy food items, accelerating use of avocados across different end-use industries, and rising sales channel of avocados globally. Avocados consist of vitamins A, B, C, E, and K, including 25 essential nutrients. It also contains phytochemicals, such as beta-sitosterol, and antioxidants, lycopene and beta-carotene. Avocado peel has a maximum concentration of avocados. The essential nutrients present in avocado are growing the demand for the fruit across the globe, thus acting as a major factor that is propelling the growth of the avocado market. Avocado is also known as a heart-healthy super fruit as it contains high monounsaturated fat and dietary fiber levels. The growing usage of avocado in smoothies, salads, avocado toast, guacamole, sandwiches, omelettes, salsas, tacos, dips, burritos, and all the way to ice cream and other desserts, avocado is a new American favorite flavor ,which in turn, is energizing the market growth. On the other hand, the increased price of the fruit is one major factor hindering the growth of the avocado market.

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Based on nature, the market is segmented into organic and conventional. The organic segment is expected to grow at a higher CAGR during the forecast period as organic avocados protect from bad breath occurring owing to indigestion or an upset stomach. Avocados are full of nutrients that prevent oral cancer cells, killing some of them and preventing the pre-cancerous ones from developing into actual cancers. They have a good amount of monounsaturated fatty acids and are sugarless. They have iron, calcium, magnesium, copper, phosphorous, and potassium and consist of vitamin C, B6, Vitamin D, Vitamin A, and Vitamin K.

Based on the end-use, the market is segmented into the food industry, retail, cosmetic industry, and other.  The food industry is projected to dominate the market during the forecast period due to various advantages offered by avocados’ and increasing health consciousness among consumers, which is encouraging many consumers to opt avocado as an everyday diet.

Based on the Sales channel, the market is segmented into direct and indirect. The indirect segment is further categorized into supermarket/hypermarket, specialty stores, e-retailers, and others. The indirect segment is anticipated to grow at a higher CAGR during the forecast period due to the easy availability of avocado in these stores to raise the consumer base.

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Based on the region, the Asia-Pacific is expected to dominate the market during the forecast period due to the increasing demand, particularly in China, as there is rapid expansion in the middle-class population. There is an upsurge in demand as consumers are becoming more health-conscious. Avocado fruit appeal to young and trendy people, which is also boosting the growth of the market.

Various notable players operating in the market include MCDANIEL FRUIT CO, Henry Avocado Corporation, Del Rey Avocado Company, Inc., The Horton Fruit Co., Inc., Fresh Del Monte, Superior Foods Companies, Brooks Tropicals, Salud Foodgroup Europe B.V., Costa Group, West Pak Avocado, Inc., among others. 

Key Developments:

• • In 2019, Del Rey Avocado Co. Inc., Fallbrook, Calif., plans to open a 43,000-square-foot cold storage, bagging and ripening operation in Vista, Calif. This expansion will allow the company to receive avocados faster and get product to market faster.

The global avocado market has been segmented on the basis of nature, form, end-use, and Sales channel. Based on the nature, the market is segmented into organic and conventional. Based on form, the market is segmented into raw and processed. Based on the end-use, the market is segmented into food industry, retail, cosmetic industry, and other. Based on the Sales channel, the market is segmented into direct and indirect. The indirect segment is further categorized into supermarket/hypermarket, specialty stores, e-retailers, and others. 

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Key questions answered in this research report:

• • At what pace is global avocado market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in avocado market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global avocado Market?
  • Which nature generated maximum revenues in 2019 and identify the most promising nature during the forecast period?
  • What are the various form areas of global avocado market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Avocado Market by Nature

• • Organic
  • Conventional

Global Avocado Market by Form

• • Raw
  • Processed

Global Avocado Market by End-Use

• • Food Industry
  • Retail
  • Cosmetic Industry
  • Other

Global Avocado Market by Sales Channel

• • Direct
  • Indirect
    • Supermarket/Hypermarket
    • Specialty stores
    • E-retailers
    • Others

Global Avocado Market by Region

• • North America Avocado Market (Option 1: As a part of the free 25% customization)
    • North America Market by Nature
    • North America Market by Form
    • North America Market by End-Use
    • North America Market by Sales Channel
    • US Market All-Up
    • Canada Market All-Up
  • Europe Avocado Market (Option 2: As a part of the free 25% customization)
    • Europe Market by Nature
    • Europe Market by Form
    • Europe Market by End-Use
    • Europe Market by Sales Channel
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Avocado Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Market by Nature
    • Asia-Pacific Market by Form
    • Asia-Pacific Market by End-Use
    • Asia-Pacific Market by Sales Channel
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Avocado Market (Option 4: As a part of the free 25% customization)
    • RoW Market by Nature
    • RoW Market by Form
    • RoW Market by End-Use
    • RoW Market by Sales Channel
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Avocado Market (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • MCDANIEL FRUIT CO
  • Henry Avocado Corporation
  • Del Rey Avocado Company, Inc.
  • The Horton Fruit Co., Inc.
  • Fresh Del Monte
  • Superior Foods Companies
  • Brooks Tropicals
  • Salud Foodgroup Europe B.V.
  • Costa Group
  • West Pak Avocado, Inc.