Avocados Global Market Report 2024

Description

An avocado is a fruit characterized by its thick green skin and creamy, mild flesh, known for its pulpy texture and nutty flavor. Rich in fiber, healthy fats, vitamin E, vitamin K, and potassium, avocados are considered a nutritious choice.

The primary types of avocados include has avocados and other varieties. Hass avocados, a specific cultivar, are recognized for their dark, bumpy skin and creamy consistency. Avocados are available in various forms, including fresh and processed, which find applications in food, cosmetics, medicine, and other industries. Distribution channels for avocados encompass both business-to-business (B2B) and business-to-consumer (B2C) channels.

The avocados market research report is one of a series of new reports from The Business Research Company that provides avocados market statistics, including avocados industry global market size, regional shares, competitors with a avocados market share, detailed avocados market segments, market trends and opportunities, and any further data you may need to thrive in the avocados industry. This avocados market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The avocados market size has grown strongly in recent years. It will grow from $17.66 billion in 2023 to $19.37 billion in 2024 at a compound annual growth rate (CAGR) of 9.7%. The expansion observed in the historical period can be attributed to several factors, including increased awareness of the health benefits associated with avocados, their reputation as a nutritious and low-calorie food option, a rising demand for organic products, growth in the infant food segment, and changing dietary habits among consumers.

The avocados market size is expected to see strong growth in the next few years. It will grow to $28.15 billion in 2028 at a compound annual growth rate (CAGR) 9.8%. The projected growth in the upcoming period is expected to be driven by several factors, including a shift in avocado-based product sales from brick-and-mortar stores to eCommerce platforms, a rising adoption of organic food products, an increase in avocado-based snacks, convenience foods, and products, a growing demand for ready-to-eat and ready-to-cook food products, and an increasing demand for exotic fruits and vegetables. Key trends anticipated in the forecast period encompass a trend towards healthier eating habits, the versatility of avocados in food and beverage applications, technological advancements in food processing and packaging, the expansion of avocado-based beauty and personal care products, and the increasing trend of veganism and vegetarianism among consumers.

The rising awareness of health benefits is poised to drive the growth of the avocado market in the foreseeable future. This increased awareness stems from a growing interest in preventive healthcare, escalating healthcare costs, and a heightened recognition of lifestyle choices' impact on preventing chronic diseases. Avocados are rich in essential nutrients such as vitamins (including vitamin K, vitamin C, vitamin E, and B vitamins), minerals (like potassium, magnesium, and copper), and dietary fiber, all of which contribute significantly to overall health and well-being. For example, data from the International Food Information Council in May 2023 revealed that the percentage of Americans following a specific diet or eating pattern increased to 52% in 2022, surpassing previous years' averages of 39% in 2021 and 43% in 2020. Therefore, the growing awareness of health benefits is a key driver behind the expansion of the avocado market.

Major players in the avocado market are actively developing new varieties using advanced technologies like high-pressure processing (HPP) to ensure the production of high-quality avocados. High-pressure processing (HPP) is a food preservation technique involving subjecting packaged food products to elevated levels of hydrostatic pressure, typically ranging from 100 to 800 megapascals (MPa). This process helps inactivating harmful microorganisms and enzymes while preserving the nutritional quality, flavor, and texture of the food. For instance, Halls Fresh Produce, a South Africa-based food company, introduced the Naked Avocado in October 2023. The Naked Avocado is a fresh offering designed to minimize waste and provide consistently ripe, pre-prepared avocados. Utilizing high-pressure processing (HPP) technology, this product extends its refrigerated shelf life to one month, ensuring freshness and quality for consumers.

In March 2024, Unifrutti Group, a UAE-based fresh fruit distributor, made strategic acquisitions by acquiring Bomarea and AvoAmerica Peru. This move is aimed at strengthening Unifrutti's presence in Peru and enhancing its diverse fruit selection with premium blueberries and avocados. Bomarea and AvoAmerica Peru are Peru-based companies specializing in premium blueberry and avocado plantations and distribution, aligning with Unifrutti's commitment to providing high-quality fruits to consumers.

Major companies operating in the avocados market are Fresh Del Monte Produce Inc., Calavo Growers Inc., Mission Produce Inc., Costa Group, Westfalia Fruit, Emrald Produce Ltd, The Horton Fruit Company, Del Rey Avocado Co. Inc, Oppy, Superior Food Company, Brooks Tropicals Holding, Inc., Henry Avocado Corporation, AustChilli Group, Simpson Farms, West Pak Avocado Inc., McDaniel Fruit Co., Salud Foodgroup Europe B.V., Duclos Farms, Melissas World Variety Produce Inc., Shanley Farms, Empacadora Avehass S.A. de C.V., Greenyard NV, Olivado EPZ Limited, JBR Avocados

North America was the largest region in the avocados market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the avocados market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the avocados market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The avocados market consists of sales of avocado-based baby food, avocado skincare products, avocado-based supplements, avocado-based beverages, and avocado snacks. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Avocados Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on avocados market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
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Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
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Where is the largest and fastest growing market for avocados? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The avocados market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of COVID-19 on supply chains and consumption patterns.

Market segmentations break down the market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:1) By Type: Hass Avocado; Other Types
2) By Form: Fresh; Processed
3) By Application: Food; Cosmetic; Medical; Other Applications
4) By Distribution Channel: Business-To-Business (B2B); Business-To-Consumers (B2C)
Companies Mentioned: Fresh Del Monte Produce Inc.; Calavo Growers Inc.; Mission Produce Inc.; Costa Group; Westfalia Fruit
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Product Code: r17701

1. Executive Summary

2. Avocados Market Characteristics

3. Avocados Market Trends And Strategies

4. Avocados Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Avocados Market Size and Growth

5.1. Global Avocados Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Avocados Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Avocados Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Avocados Market Segmentation

6.1. Global Avocados Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Hass Avocado
Other Types
6.2. Global Avocados Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Fresh
Processed
6.3. Global Avocados Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Food
Cosmetic
Medical
Other Applications
6.4. Global Avocados Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Business-To-Business (B2B)
Business-To-Consumers (B2C)

7. Avocados Market Regional And Country Analysis

7.1. Global Avocados Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Avocados Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Avocados Market

8.1. Asia-Pacific Avocados Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Avocados Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Avocados Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Avocados Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Avocados Market

9.1. China Avocados Market Overview
9.2. China Avocados Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Avocados Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Avocados Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Avocados Market

10.1. India Avocados Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Avocados Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Avocados Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Avocados Market

11.1. Japan Avocados Market Overview
11.2. Japan Avocados Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Avocados Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Avocados Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Avocados Market

12.1. Australia Avocados Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Avocados Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Avocados Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Avocados Market

13.1. Indonesia Avocados Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Avocados Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Avocados Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Avocados Market

14.1. South Korea Avocados Market Overview
14.2. South Korea Avocados Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Avocados Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Avocados Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Avocados Market

15.1. Western Europe Avocados Market Overview
15.2. Western Europe Avocados Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Avocados Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Avocados Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Avocados Market

16.1. UK Avocados Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Avocados Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Avocados Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Avocados Market

17.1. Germany Avocados Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Avocados Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Avocados Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Avocados Market

18.1. France Avocados Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Avocados Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Avocados Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Avocados Market

19.1. Italy Avocados Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Avocados Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Avocados Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Avocados Market

20.1. Spain Avocados Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Avocados Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Avocados Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Avocados Market

21.1. Eastern Europe Avocados Market Overview
21.2. Eastern Europe Avocados Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Avocados Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Avocados Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Avocados Market

22.1. Russia Avocados Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Avocados Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Avocados Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Avocados Market

23.1. North America Avocados Market Overview
23.2. North America Avocados Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Avocados Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Avocados Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Avocados Market

24.1. USA Avocados Market Overview
24.2. USA Avocados Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Avocados Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Avocados Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Avocados Market

25.1. Canada Avocados Market Overview
25.2. Canada Avocados Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Avocados Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Avocados Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Avocados Market

26.1. South America Avocados Market Overview
26.2. South America Avocados Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Avocados Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Avocados Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Avocados Market

27.1. Brazil Avocados Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Avocados Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Avocados Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Avocados Market

28.1. Middle East Avocados Market Overview
28.2. Middle East Avocados Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Avocados Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Avocados Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Avocados Market

29.1. Africa Avocados Market Overview
29.2. Africa Avocados Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Avocados Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Avocados Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Avocados Market Competitive Landscape And Company Profiles

30.1. Avocados Market Competitive Landscape
30.2. Avocados Market Company Profiles
- 30.2.1. Fresh Del Monte Produce Inc.
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Calavo Growers Inc.
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Mission Produce Inc.
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Costa Group
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Westfalia Fruit
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Avocados Market Other Major And Innovative Companies

31.1. Emrald Produce Ltd
31.2. The Horton Fruit Company
31.3. Del Rey Avocado Co. Inc
31.4. Oppy
31.5. Superior Food Company
31.6. Brooks Tropicals Holding, Inc.
31.7. Henry Avocado Corporation
31.8. AustChilli Group
31.9. Simpson Farms
31.10. West Pak Avocado Inc.
31.11. McDaniel Fruit Co.
31.12. Salud Foodgroup Europe B.V.
31.13. Duclos Farms
31.14. Melissas World Variety Produce Inc.
31.15. Shanley Farms

32. Global Avocados Market Competitive Benchmarking

33. Global Avocados Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Avocados Market

35. Avocados Market Future Outlook and Potential Analysis

35.1 Avocados Market In 2028 - Countries Offering Most New Opportunities
35.2 Avocados Market In 2028 - Segments Offering Most New Opportunities
35.3 Avocados Market In 2028 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer