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PUBLISHER: Grand View Research | PRODUCT CODE: 1321441
PUBLISHER: Grand View Research | PRODUCT CODE: 1321441
Avocado Market Size, Share & Trends Analysis Report By Form (Fresh, Processed), By Distribution Channel (B2B, B2C), By Region, And Segment Forecasts, 2023 - 2030
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Avocado Market Growth & Trends
The global avocado market size is expected to reach USD 26.04 billion by 2030, expanding at a CAGR of 7.3% from 2022 to 2030, according to a new report by Grand View Research, Inc. Increasing focus on a healthy diet and the growing number of buyers of healthy food products are driving the growth of the avocado industry. Moreover, increased awareness about the nutritional values of various food products, a growing middle-income population, and rising import demand are expected to support market growth over the forecast period.
According to an article published by Food Insight in July 2022, 52.1% of consumers believe that nutritional ingredients are important to maintain their health. With this in mind, the demand for avocados has grown significantly.
Manufacturers operating in the global market are closely working with suppliers to eliminate tariff barriers and increase product reach. According to an article published in September 2019 by Wageningen University, a new configuration of the Mexican avocado industry was developed to overcome the barrier and increase exports to the U.S. market and phytosanitary regulations were introduced. Hence, key players in the market can now exceed their product reach, which is expected to support the supply and demand for avocados among consumers.
The processed avocado segment is anticipated to register prominent growth over the forecast period. Avocados can be processed into a guacamole blend, pulp, salsa, and drinks. The consumption of avocados is on the rise globally with the increasing westernization of food patterns and acceptance of different cuisines. For instance, Freshcourt, based in Mexico, established itself as a strong producer among customers around the U.S. and abroad. The company is an established food processor of avocados for over 25 years and offers guacamole in different flavors, prepackaged avocado salads, salsas, and other products.
The rise in demand for avocado for food applications such as spreads, dips, salsa, tacos, salads, sushi, and burritos, as well as for cosmetics such as masks, sheets, and creams, continues to boost the sales of avocados around the world. Many restaurants and chains such as Chipotle create their own guacamole, an avocado-based dip, from scratch, which fuels the growth of the B2B segment. Avocados also present a list of benefits when used in cosmetics that includes it's being filled with essential fatty acids and a host of essential vitamins, making avocados a one-stop solution to a lot of everyday skincare problems.
Major players in the global avocado industry include a combination of several established players and emerging players. Some of these are Calavo Growers, Inc., West Pak Avocado, Inc., Westfalia Fruit, Mission Produce, Inc., EMPACADORA AVEHASS S.A. DE C.V., Aguacates JBR, Propal, and Duclos Farms.
Avocado Market Report Highlights
- North America held the largest revenue share in 2022, owing to the growing popularity of food with a longer shelf life. Longer shelf life helps tackle food waste and meet the growing demand for more sustainable food. Hence, promoting the purchase of avocados in the region
- The processed segment is anticipated to register a faster CAGR in the avocado industry. The need for convenient meals from a work-centric population drives the growth of the processedavocado industry
- The B2B is anticipated to register a significant growth rate over the forecast period. The increased popularity of processed avocados such as guacamole and salsa among the millennials & Gen-Z population driving the growth of the global market
Product Code: GVR-4-68039-929-5
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Form Outlook
- 2.3. Distribution Channel Outlook
- 2.4. Regional Outlook
- 2.5. Competition Outlook
Chapter 3. Avocado Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Profit Margin Analysis
- 3.3. Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.2. Market Restraint Analysis
- 3.3.3. Market Opportunities
- 3.3.4. Market Challenges
- 3.4. Industry Analysis - Porter's Five Forces Analysis
- 3.5. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis
- 4.1. Demographics Analysis
- 4.2. Consumer Trends and Preferences
- 4.3. Factors Affecting Buying Decision
- 4.4. Consumer Product Adoption
- 4.5. Key Observations & Findings
Chapter 5. Avocado Market: Form Estimates & Trend Analysis
- 5.1. Form Movement Analysis & Market Share, 2022 & 2030
- 5.2. Fresh
- 5.2.1. Fresh avocado market estimates and forecast, 2017 - 2030 (USD Million)
- 5.3. Processed
- 5.3.1. Processed avocado market estimates and forecast, 2017 - 2030 (USD Million)
- 5.3.2. Pulp
- 5.3.2.1. Pulp avocado market estimates and forecast, 2017 - 2030 (USD Million)
- 5.3.3. Guacomole
- 5.3.3.1. Guacomole avocado market estimates and forecast, 2017 - 2030 (USD Million)
- 5.3.4. Others
- 5.3.4.1. Others avocado market estimates and forecast, 2017 - 2030 (USD Million)
Chapter 6. Avocado Market: Distribution Channel Estimates & Trend Analysis
- 6.1. Distribution Channel Movement Analysis & Market Share, 2022 & 2030
- 6.2. B2B
- 6.2.1. Avocado market estimates and forecast through online B2B distribution channel, 2017 - 2030 (USD Million)
- 6.2.2. Processing Industry
- 6.2.2.1. Avocado market estimates and forecast through processing industry, 2017 - 2030 (USD Million)
- 6.2.3. Foodservice Industry
- 6.2.3.1. Avocado market estimates and forecast through processing industry, 2017 - 2030 (USD Million)
- 6.3. B2C
- 6.3.1. Avocado market estimates and forecast through B2C distribution channel, 2017 - 2030 (USD Million)
Chapter 7. Avocado Market: Regional Estimates & Trend Analysis
- 7.1. Regional Movement Analysis & Market Share, 2022 & 2030
- 7.2. North America
- 7.2.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.2.2. Market estimates and forecast, by form, 2017 - 2030 (USD Million)
- 7.2.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 7.2.4. U.S.
- 7.2.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.2.4.2. Market estimates and forecast, by form, 2017 - 2030 (USD Million)
- 7.2.4.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 7.2.5. Canada
- 7.2.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.2.5.2. Market estimates and forecast, by form, 2017 - 2030 (USD Million)
- 7.2.5.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 7.2.6. Mexico
- 7.2.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.2.6.2. Market estimates and forecast, by form, 2017 - 2030 (USD Million)
- 7.2.6.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 7.3. Europe
- 7.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.3.2. Market estimates and forecast, by form, 2017 - 2030 (USD Million)
- 7.3.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 7.3.4. U.K.
- 7.3.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.3.4.2. Market estimates and forecast, by form, 2017 - 2030 (USD Million)
- 7.3.4.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 7.3.5. Germany
- 7.3.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.3.5.2. Market estimates and forecast, by form, 2017 - 2030 (USD Million)
- 7.3.5.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 7.3.6. France
- 7.3.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.3.6.2. Market estimates and forecast, by form, 2017 - 2030 (USD Million)
- 7.3.6.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 7.3.7. Italy
- 7.3.7.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.3.7.2. Market estimates and forecast, by form, 2017 - 2030 (USD Million)
- 7.3.7.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 7.3.8. Spain
- 7.3.8.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.3.8.2. Market estimates and forecast, by form, 2017 - 2030 (USD Million)
- 7.3.8.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.4.2. Market estimates and forecast, by form, 2017 - 2030 (USD Million)
- 7.4.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 7.4.4. China
- 7.4.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.4.4.2. Market estimates and forecast, by form, 2017 - 2030 (USD Million)
- 7.4.4.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 7.4.5. Japan
- 7.4.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.4.5.2. Market estimates and forecast, by form, 2017 - 2030 (USD Million)
- 7.4.5.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 7.4.6. India
- 7.4.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.4.6.2. Market estimates and forecast, by form, 2017 - 2030 (USD Million)
- 7.4.6.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 7.4.7. South Korea
- 7.4.7.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.4.7.2. Market estimates and forecast, by form, 2017 - 2030 (USD Million)
- 7.4.7.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 7.4.8. Australia
- 7.4.8.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.4.8.2. Market estimates and forecast, by form, 2017 - 2030 (USD Million)
- 7.4.8.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 7.5. Central & South America
- 7.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.5.2. Market estimates and forecast, by form, 2017 - 2030 (USD Million)
- 7.5.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 7.5.4. Brazil
- 7.5.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.5.4.2. Market estimates and forecast, by form, 2017 - 2030 (USD Million)
- 7.5.4.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 7.6. Middle East & Africa
- 7.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.6.2. Market estimates and forecast, by form, 2017 - 2030 (USD Million)
- 7.6.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 7.6.4. South Africa
- 7.6.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.6.4.2. Market estimates and forecast, by form, 2017 - 2030 (USD Million)
- 7.6.4.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
Chapter 8. Competitive Analysis
- 8.1. Recent developments & impact analysis, by key market participants
- 8.2. Company Categorization
- 8.3. Participant's Overview
- 8.4. Financial Performance
- 8.5. Product Benchmarking
- 8.6. Company Market Share Analysis, 2022 (%)
- 8.7. Company Heat Map Analysis
- 8.8. Strategy Mapping
- 8.9. List of key companies analyzed in this section include:
- 8.9.1. Calavo Growers, Inc.
- 8.9.2. West Pak Avocado, Inc.
- 8.9.3. Westfalia Fruit
- 8.9.4. Mission Produce, Inc.
- 8.9.5. EMPACADORA AVEHASS S.A. DE C.V.
- 8.9.6. Aguacates JBR
- 8.9.7. Propal
- 8.9.8. Duclos Farms
- 8.9.9. AustChilli Group
- 8.9.10. Simpson Farms
Product Code: GVR-4-68039-929-5
List of Tables
- Table 1 Avocado Market - Key Market Driver Analysis
- Table 2 Avocado Market - Key Market Restraint Analysis
- Table 3 Avocado market estimates & forecast, by form (USD Million)
- Table 4 Avocado market estimates & forecast, by distribution channel (USD Million)
- Table 5 US macro-economic outlay
- Table 6 Canada macro-economic outlay
- Table 7 Mexico macro-economic outlay
- Table 8 Germany macro-economic outlay
- Table 9 UK macro-economic outlay
- Table 10 France macro-economic outlay
- Table 11 Italy macro-economic outlay
- Table 12 Spain macro-economic outlay
- Table 13 China macro-economic outlay
- Table 14 India macro-economic outlay
- Table 15 Japan macro-economic outlay
- Table 16 Australia & New Zealand macro-economic outlay
- Table 17 South Korea macro-economic outlay
- Table 18 Brazil macro-economic outlay
- Table 19 South Africa macro-economic outlay
- Table 20 Recent developments & impact analysis, by key market participants
- Table 21 Company market share, 2022
- Table 22 Company heat map analysis
List of Figures
- Fig. 1 Avocado market segmentation
- Fig. 2 Information procurement
- Fig. 3 Primary research pattern
- Fig. 4 Primary research approaches
- Fig. 5 Primary research process
- Fig. 6 Market snapshot
- Fig. 7 Segment snapshot
- Fig. 8 Competitive landscape Snapshot
- Fig. 9 Global avocado market size, 2017 to 2030 (USD Million)
- Fig. 10 Avocado market: Value chain analysis
- Fig. 11 Avocado market: Profit-margin analysis
- Fig. 12 Avocado market: Dynamics
- Fig. 13 Avocado market: Porter's five forces analysis
- Fig. 14 Factors influencing buying decisions for avocado
- Fig. 15 Avocado market, by form: Key takeaways
- Fig. 16 Avocado market, by form: Market share, 2022 & 2030
- Fig. 17 Fresh avocado market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 18 Processed avocado market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 19 Processed pulp avocado market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 20 Processed guacomole avocado market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 21 Other processed avocado market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 22 Avocado market, by distribution channel: Key takeaways
- Fig. 23 Avocado market, by distribution channel: Market share, 2022 & 2030
- Fig. 24 Avocado market estimates & forecasts, through B2B channel, 2017 - 2030 (USD Million)
- Fig. 25 Avocado market estimates & forecasts, through processing industry, 2017 - 2030 (USD Million)
- Fig. 26 Avocado market estimates & forecasts, through foodservice industry, 2017 - 2030 (USD Million)
- Fig. 27 Avocado market estimates & forecasts, through B2C channel, 2017 - 2030 (USD Million)
- Fig. 28 Avocado market revenue, by region, 2022 & 2030, (USD Million)
- Fig. 29 Regional marketplace: Key takeaways
- Fig. 30 North America avocado market estimates & forecast, 2017 - 2030 (USD Million)
- Fig. 31 US avocado market estimates & forecast, 2017 - 2030 (USD Million)
- Fig. 32 Canada avocado market estimates & forecast, 2017 - 2030 (USD Million)
- Fig. 33 Mexico avocado market estimates & forecast, 2017 - 2030 (USD Million)
- Fig. 34 Europe avocado market estimates & forecast, 2017 - 2030 (USD Million)
- Fig. 35 Germany avocado market estimates & forecast, 2017 - 2030 (USD Million)
- Fig. 36 UK avocado market estimates & forecast, 2017 - 2030 (USD Million)
- Fig. 37 France avocado market estimates & forecast, 2017 - 2030 (USD Million)
- Fig. 38 Italy avocado market estimates & forecast, 2017 - 2030 (USD Million)
- Fig. 39 Spain avocado market estimates & forecast, 2017 - 2030 (USD Million)
- Fig. 40 Asia Pacific avocado market estimates & forecast, 2017 - 2030 (USD Million)
- Fig. 41 China avocado market estimates & forecast, 2017 - 2030 (USD Million)
- Fig. 42 India avocado market estimates & forecast, 2017 - 2030 (USD Million)
- Fig. 43 Japan avocado market estimates & forecast, 2017 - 2030 (USD Million)
- Fig. 44 South Korea avocado market estimates & forecast, 2017 - 2030 (USD Million)
- Fig. 45 Australia & New Zealand avocado market estimates & forecast, 2017 - 2030 (USD Million)
- Fig. 46 Middle East & Africa avocado market estimates & forecast, 2017 - 2030 (USD Million)
- Fig. 47 South Africa avocado market estimates & forecast, 2017 - 2030 (USD Million)
- Fig. 48 Central and South America avocado market estimates & forecast, 2017 - 2030 (USD Million)
- Fig. 49 Brazil avocado market estimates & forecast, 2017 - 2030 (USD Million)
- Fig. 50 Company market share analysis, 2022
- Fig. 51 Strategic framework of avocado market
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