Avocado Global Market Report 2024

Description

“Avocado 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 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.

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.
Suitable for supporting your internal and external presentations with reliable high quality data and analysis
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.
All data from the report will also be delivered in an excel dashboard format.

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.

Scope

Markets Covered:

1) By Type: Hass Avocado; Bacon Avocado; Other Types
2) By Form: Raw; Processed
3) By Nature: Organic; Conventional
4) By Distribution Channel: Hypermarkets/Supermarkets; Departmental Stores; Online Channels; Other Distribution Channels
5) By End-User: Food And Beverage Industry; Retail; Cosmetics And Personal Care; Other End-User Industries
Companies Mentioned: Calavo Growers Inc.; West Pak Avocado Inc.; Westfalia Fruit; Propel Industries; Mission Produce Inc.
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.

Executive Summary

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 $15 billion in 2023 to $16.24 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. The growth in the historical period was driven by shifts in health and dietary preferences, evolving culinary trends, enhancements in supply chain efficiency, and the expanding reach of global markets.

The avocado market size is expected to see strong growth in the next few years. It will grow to $21.55 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. The anticipated growth in the upcoming period is expected due to sustained health consciousness, versatile culinary applications, adoption of sustainable agricultural practices, the expansion of global production, and exploration of new markets. Key trends projected include innovative avocado packaging solutions, a heightened focus on social and environmental responsibility, diversification in avocado varieties, integration of avocados in beauty and personal care products, and the global expansion of avocado consumption.

The avocado market is anticipated to experience growth, propelled by increasing demand from end users, particularly the food and beverage industry. The food and beverage sector encompasses businesses involved in the processing, packaging, and distribution of uncooked food items. Avocados, known for their high nutritional value and versatility, contribute to heart health, digestion, and weight management. As a result, their incorporation into a healthy diet aligns with the growing trend toward a healthier lifestyle. An example is reflected in the statistics from 2021, where Scotland saw a rise in food and beverage companies, reaching 1,185, with exports escalating by 12% to $7.9 billion (£5.9 billion). Food and beverages turnover in the same year accounted for $12.5 billion (£10.4 billion), constituting 30% of total Scottish manufacturing. This underscores how the increasing demand from the food and beverage industry drives 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 players in the avocado market are strategically investing in technological advancements, particularly the implementation of personalized AI-driven platforms. These innovations are aimed at delivering personalized recommendations, optimizing farming practices, and enhancing supply chain efficiency to meet the increasing market demand. Notably, Avocados From Mexico, a prominent brand in the United States, introduced the Avocado Nation platform in March 2021. This multi-faceted platform leverages Artificial Intelligence to analyze and cater to consumers' content preferences, providing highly personalized experiences to meet the surging demand for avocados in the U.S.

In October 2021, Butterfly Equity, a U.S.-based private equity firm with expertise in the food sector, acquired a majority stake in Chosen Foods LLC. Chosen Foods LLC is known for producing kitchen staples infused with avocado or avocado oil. The undisclosed acquisition allows Butterfly Equity to expand its global presence and reinforce its commitment to promoting consumer health through the production of nutritious avocado-based products. This strategic move positions Butterfly Equity to have a broader impact on the market and cater to the growing demand for avocado-related offerings.

Major companies operating in the avocado market report are Calavo Growers Inc., West Pak Avocado Inc., Westfalia Fruit, Propel Industries, 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, Sabra Dipping Company LLC, Salud Foodgroup Europe BV, Olivado, Spectrum Organic Products LLC, Avogratto, Sesajal S.A. De C.V., Fresh Del Monte, Limoneira, MegaMex Foods LLC, The Village Press .

North America was the largest region in the avocado market in 2023. 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.

Product Code: r10785

1. Executive Summary

2. Avocado Market Characteristics

3. Avocado Market Trends And Strategies

4. Avocado 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 Avocado Market Size and Growth

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

6. Avocado Market Segmentation

6.1. Global Avocado Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Hass Avocado
Bacon Avocado
Other Types
6.2. Global Avocado Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Raw
Processed
6.3. Global Avocado Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Organic
Conventional
6.4. Global Avocado Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Hypermarkets/Supermarkets
Departmental Stores
Online Channels
Other Distribution Channels
6.5. Global Avocado Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Food And Beverage Industry
Retail
Cosmetics And Personal Care
Other End-User Industries

7. Avocado Market Regional And Country Analysis

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

8. Asia-Pacific Avocado Market

8.1. Asia-Pacific Avocado 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 Avocado Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Avocado Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Avocado Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Avocado Market

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

10. India Avocado Market

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

11. Japan Avocado Market

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

12. Australia Avocado Market

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

13. Indonesia Avocado Market

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

14. South Korea Avocado Market

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

15. Western Europe Avocado Market

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

16. UK Avocado Market

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

17. Germany Avocado Market

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

18. France Avocado Market

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

19. Italy Avocado Market

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

20. Spain Avocado Market

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

21. Eastern Europe Avocado Market

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

22. Russia Avocado Market

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

23. North America Avocado Market

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

24. USA Avocado Market

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

25. Canada Avocado Market

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

26. South America Avocado Market

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

27. Brazil Avocado Market

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

28. Middle East Avocado Market

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

29. Africa Avocado Market

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

30. Avocado Market Competitive Landscape And Company Profiles

30.1. Avocado Market Competitive Landscape
30.2. Avocado Market Company Profiles
- 30.2.1. Calavo Growers 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. West Pak Avocado 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. Westfalia Fruit
  - 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. Propel Industries
  - 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. Mission Produce Inc.
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Avocado Market Competitive Benchmarking

32. Global Avocado Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Avocado Market

34. Avocado Market Future Outlook and Potential Analysis

34.1 Avocado Market In 2028 - Countries Offering Most New Opportunities
34.2 Avocado Market In 2028 - Segments Offering Most New Opportunities
34.3 Avocado Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer