What is the global market size of the Avocado Market?

Global Avocado Market size was valued at USD 15.20 billion in 2021 and is poised to grow from USD 16.69 billion in 2022 to USD 32.11 billion by 2030, at a CAGR of 9.80% during the forecast period (2023-2030).

Avocado Market Size, Share, Growth Analysis, By Form(Fresh and Processed), By Distribution Channels(B2B and B2C), By Region - Industry Forecast 2024-2031

Report ID: SQMIG30H2103 | Region: Global | Published Date: April, 2024
Pages: 198 | Tables: 59 | Figures: 77

Avocado Market Regional Insights

The largest portion of income, more than 45.0% of the total, came from North America. The increasing spending power of consumers in this area is another factor fueling the industry's growth. Due to the region's availability of alluring opportunities for the consumer products industry, it is projected that the market would soon display profitable expansion. The sector is growing as a result of rising import demand as well as per-person avocado consumption. The top two product importers are expected to remain the United States of America and Europe.

According to forecasts, the avocado market would expand fastest in Asia-Pacific. The primary factor driving Asia-Pacific's expanding avocado consumption is the region's retail sector, which now has the highest market share. This development can be attributed to the industry's hegemonic status in the avocado market. The expansion of the avocado market in APAC is anticipated to be largely fueled by the retail end-use industry in the region, which is expected to take the lead. Another element affecting the Asia-Pacific avocado market is the increased demand for avocados in the food industry.

Avocado Market Report Snapshots

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Global Avocado Market size was valued at USD 16.69 billion in 2022 and is poised to grow from USD 18.33 billion in 2023 to USD 38.71 billion by 2031, growing at a CAGR of 9.80% during the forecast period (2024-2031).

The market is characterized by the existence of a number of well-established businesses and a select number of new players. The main strategic objectives in the sector are the launch of new products, partnerships, and acquisitions. 'Mission Produce Inc. (USA)', 'Del Rey Avocado Co., Inc. (USA)', 'Calavo Growers, Inc. (USA)', 'Westfalia Fruit (South Africa)', 'The Horton Fruit Company (USA)', 'Fresh Del Monte Produce Inc. (USA)', 'Henry Avocado Corporation (USA)', 'Salud Foodgroup Europe B.V. (Netherlands)', 'McDaniel Fruit Co. (USA)', 'Brooks Tropicals Holding, Inc. (USA)', 'Greenyard NV (Belgium)', 'Olivado EPZ Limited (Kenya)', 'Greenrope (South Africa)', 'Superior Foods Companies (USA)', 'Dole Food Company, Inc. (USA)', 'Mt. Kenya Avocado Farms (Kenya)', 'Eco Farms (USA)', 'Emerald Produce Limited (Kenya)', 'Shanley Farms (USA)', 'The Avocado Company (USA)', 'Lapis Lazuli (Chile)', 'Costa Group (Australia)'

Avocados are rich in nutrients such as vitamins, minerals, and healthy fats. They are known to have various health benefits, including reducing cholesterol levels, improving digestion, and helping to maintain a healthy weight. As a result, the increasing awareness and demand for healthy foods have been driving the growth of the avocado market.

As consumers become more health-conscious and environmentally aware, there is growing demand for organic and sustainably grown avocados. Organic avocados are grown without the use of synthetic pesticides and fertilizers, which makes them more appealing to consumers who are concerned about the potential health and environmental risks associated with conventional farming practices.

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Avocado Market Size, Share, Growth Analysis, By Form(Fresh and Processed), By Distribution Channels(B2B and B2C), By Region - Industry Forecast 2024-2031

Avocado Market Regional Insights

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