Global Avocado Market Size, Share, Growth Analysis, By Form(Fresh and Processed), By Distribution Channels(B2B and B2C)

Description

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).

Avocado consumption is on the rise globally, driven by its beneficial impacts on digestion, vision, and heart health. This surge in demand has led to increased production, with global output reaching 8.05 million metric tonnes, up nearly 1 million tonnes, according to FAOSTAT data. Mexico stands as the foremost producer, boasting over 224,422 acres devoted to avocado cultivation and a yield exceeding 2.3 million tonnes. Other leading avocado-producing nations include the Dominican Republic, Colombia, Peru, and Indonesia. A Tetra Pak survey reveals that consumers prioritize avocado-based snacks for their nutritional value (51%), healthiness (56%), protein content (40.8%), and calcium richness (41.2%). With a growing preference for snacking, the global avocado market is poised for further expansion in the coming years.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Avocado Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Avocado Market Segmental Analysis

Global Avocado Market is segmented on the basis of form, distribution channels and region. By form, the market is segmented into fresh and processed. By distribution channels, the market is segmented into B2B and B2C. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Drivers of the Global Avocado Market

The avocado market is experiencing growth propelled by increasing awareness and demand for nutritious foods. Avocados, packed with essential nutrients like vitamins, minerals, and beneficial fats, offer a plethora of health benefits, such as lowering cholesterol, enhancing digestion, and aiding in weight management. This surge in popularity is driven by their reputation as a wholesome food choice.

Restraints in the Global Avocado Market

The consumption of avocados might be influenced by the presence of competing products like different fruits or vegetables, potentially affecting their demand due to shifting consumer preferences and the availability of alternative options.

Market Trends of the Global Avocado Market

As awareness about health and environmental issues rises among consumers, the demand for organically and sustainably grown avocados is on the increase. Organic avocados, cultivated without synthetic pesticides and fertilizers, are particularly attractive to those wary of the health and environmental impacts linked to conventional farming methods, reflecting a broader trend towards conscious consumerism.

Product Code: SQMIG30H2103

Executive Summary

Market Overview
Wheel of Fortune

Research Methodology

Information Procurement
Secondary & Primary Data Sources
Market Size Estimation
Market Assumptions & Limitations

Parent Market Analysis

Market Overview
Market Size
Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges

Key Market Insights

Technology Analysis
Pricing Analysis
Supply Chain Analysis
Value Chain Analysis
Ecosystem of the Market
IP Analysis
Trade Analysis
Startup Analysis
Raw Material Analysis
Innovation Matrix
Pipeline Product Analysis
Macroeconomic Indicators
Top Investment Analysis
Key Success Factor
Degree of Competition

Market Dynamics & Outlook

Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges
Regulatory Landscape
Porters Analysis
- Competitive rivalry
- Threat of Substitute Products
- Bargaining Power of Buyers
- Threat of New Entrants
- Bargaining Power of Suppliers
Skyquest Special Insights on Future Disruptions
- Political Impact
- Economic Impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact

Global Avocado Market by Form

Market Overview
Fresh and Processed

Global Avocado Market by Distribution Channels

Market Overview
B2B and B2C

Global Avocado Market Size by Region

Market Overview
North America
- USA
- Canada
Europe
- Germany
- Spain
- France
- UK
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Rest of Latin America
Middle East & Africa (MEA)
- GCC Countries
- South Africa
- Rest of MEA

Competitive Landscape

Top 5 Player Comparison
Market Positioning of Key Players, 2021
Strategies Adopted by Key Market Players
Top Winning Strategies
- By Development
- By Company
- By Year
Recent Activities in the Market
Key Companies Market Share (%), 2021

Key Company Profiles

Mission Produce Inc. (USA)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Del Rey Avocado Co., Inc. (USA)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Calavo Growers, Inc. (USA)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Westfalia Fruit (South Africa)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
The Horton Fruit Company (USA)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Fresh Del Monte Produce Inc. (USA)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Henry Avocado Corporation (USA)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Salud Foodgroup Europe B.V. (Netherlands)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
McDaniel Fruit Co. (USA)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Brooks Tropicals Holding, Inc. (USA)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Greenyard NV (Belgium)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Olivado EPZ Limited (Kenya)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Greenrope (South Africa)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Superior Foods Companies (USA)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Dole Food Company, Inc. (USA)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Mt. Kenya Avocado Farms (Kenya)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Eco Farms (USA)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Emerald Produce Limited (Kenya)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Shanley Farms (USA)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
The Avocado Company (USA)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Lapis Lazuli (Chile)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Costa Group (Australia)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments

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