PUBLISHER: The Business Research Company | PRODUCT CODE: 1662563
PUBLISHER: The Business Research Company | PRODUCT CODE: 1662563
Avocado is a sought-after fruit, characterized by its oval shape, green skin with a slightly textured surface, and a sizable seed in the center. Widely utilized in culinary applications, it boasts a creamy texture and is rich in beneficial fats, rendering it a favored ingredient in dishes, particularly salads. Acknowledged for its nutritional value, avocados are packed with essential vitamins and minerals.
The primary varieties of avocados include the popular Hass avocado, the bacon avocado, and other variations. Hass avocados, identifiable by their dark, pebbled skin and creamy, nutty flesh, are the most prevalent and favored in most markets. Available in raw and processed forms, these avocados come in both organic and conventional varieties, distributed through diverse channels such as hypermarkets, supermarkets, online platforms, and other retail channels. They cater to multiple industries, including food and beverage, retail, cosmetics, personal care, and other sectors.
The avocado market research report is one of a series of new reports from The Business Research Company that provides avocado market statistics, including the avocado industry's global market size, regional shares, competitors with an avocado market share, detailed avocado market segments, market trends, and opportunities, and any further data you may need to thrive in the avocado industry. This avocado 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 avocado market size has grown strongly in recent years. It will grow from $16.24 billion in 2024 to $17.56 billion in 2025 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to health and nutrition trends, changing dietary preferences, culinary trends, supply chain improvements, globalization of markets.
The avocado market size is expected to see strong growth in the next few years. It will grow to $23.29 billion in 2029 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to continued health consciousness, diverse culinary applications, sustainable agriculture practices, expanding global production, exploration of new markets. Major trends in the forecast period include innovative avocado packaging solutions, focus on social and environmental responsibility, diversification in avocado varieties, incorporation of avocado in beauty and personal care products, globalization of avocado consumption.
The growing demand from end users, particularly in the food and beverage industry, is anticipated to drive the growth of the avocado market in the future. The food and beverage industry encompasses all businesses involved in the processing, packaging, and distribution of uncooked food. Avocados are not only highly nutritious but also versatile, contributing to heart health, digestion, and weight management. Including avocados in a healthy diet can offer numerous health benefits and support individuals in pursuing a healthier lifestyle. For instance, in April 2022, Common Thread Collective, a digital sales agency based in the U.S., reported that global food and beverage eCommerce sales reached $506 billion in 2022, reflecting a year-over-year increase of 16.3%. With a projected compound annual growth rate (CAGR) of 19.2%, sales are expected to reach $857 billion by 2025. Thus, the rising demand from end users, particularly within the food and beverage sector, is propelling the growth of the avocado market.
The avocado market is set to witness growth driven by the rising health consciousness among consumers. Health-conscious consumers prioritize making healthier lifestyle choices, including dietary preferences, exercise, and overall well-being. Avocados, recognized for their nutritional benefits containing healthy fats, vitamins, and minerals, align with the demand for nutrient-dense foods. In a survey conducted by DSM, a Netherlands-based science-oriented company in August 2022, 73% of participants expressed their intention to prioritize healthier eating and drinking habits. This shift in consumer behavior towards health consciousness contributes to the growing demand for avocados, thus propelling the avocado market.
A noteworthy trend in the avocado market is the introduction of enhanced storage facilities. The industry is witnessing the development and implementation of new storage facilities with dedicated avocado storage and ripening rooms. These advancements aim to improve operational efficiency, reduce waste, and elevate product quality. A case in point is the construction of a new facility by Westfalia Fruit France in Graveson, France. The facility, equipped with avocado storage, ripening rooms, and packaging capabilities, is designed to open in November 2022. Featuring cutting-edge technology and construction materials such as thermal insulation, motion detectors, and a focus on renewable energy, this facility demonstrates the industry's commitment to long-term viability and sustainability.
Major companies in the avocado market are concentrating on the development of AI-powered fruit sizing technologies to optimize harvesting processes, enhance quality control, and improve supply chain efficiency, ultimately ensuring consumers receive high-quality avocados. AI-powered avocado sizing involves using artificial intelligence (AI) techniques to accurately assess the size and quality of avocados. AI algorithms evaluate various parameters, including size, shape, and weight, to deliver precise sizing information. This allows producers to effectively categorize their products, streamlining packing and distribution processes. For example, in October 2023, Aerobotics (Pty) Ltd., a company based in South Africa, introduced an AI-powered avocado sizing solution. These systems analyze data in real time, providing immediate feedback on the quality and size of avocados as they progress through production lines. This functionality reduces delays and boosts operational efficiency. Additionally, these technologies support sustainability initiatives by minimizing waste during sorting and ensuring that only high-quality avocados reach consumers.
In August 2024, F&S Fresh Foods, a US-based company, acquired the fresh-cut business of Calavo Growers for $83 million. This acquisition is part of F&S Fresh Foods' strategy to expand its portfolio by leveraging Calavo Growers' expertise in fresh avocado production. Calavo Growers Inc. is a US-based company known for its production and distribution of fresh avocados.
Major companies operating in the avocado market include Calavo Growers Inc., West Pak Avocado Inc., Westfalia Fruit, Mission Produce Inc., Empacadora Avehass S.A. de C.V., Aguacates JBR, Duclos Farms, AustChilli Group, Simpson Farms, McDaniel Fruit Co., Henry Avocado Corporation, Del Rey Avocado Co. Inc., Brooks Tropicals LLC, Melissas World Variety Produce Inc., Oppy, Costa Group Holdings Ltd., Camposol S.A., Hormel Foods Corporation, Yucatan Foods LP, Olivado, Avogratto, Fresh Del Monte, Limoneira, MegaMex Foods LLC
North America was the largest region in the avocado market in 2024. The regions covered in the avocado market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the avocado market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The avocado market consists of sales of fresh avocados and value-added products such as guacamole, avocado oil, spreads, and avocado-based 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.
Avocado Global Market Report 2025 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 avocado 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.
Where is the largest and fastest growing market for avocado ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The avocado 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 forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.