Global Avocado Market

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

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

Global Avocado Market Dynamics

Avocado Market Drivers

Health Advantages to Boost its Sales during Forecast Period

  • 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.
  • Many countries have favourable trade policies for avocados, which has led to an increase in avocado exports. This has resulted in more availability and lower prices for consumers, driving further demand for avocados.

Avocado Market Restraints

High Competition to Challenge Players in the Market

  • Avocado consumption may be impacted by competition from substitute products such as other fruits or vegetables. The availability of alternative products and changing consumer preferences could impact the demand for avocados.
$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

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.

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.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

Click here right-arrow
logo-images

Related Reports

Plant Based Ingredients Market
Buy Now GET FREE SAMPLE
Global Pea Milk Market
Buy Now GET FREE SAMPLE
Global Pomegranate Market
Buy Now GET FREE SAMPLE
U.S. Fruit Puree Market
Buy Now GET FREE SAMPLE

Feedback From Our Clients

Global Avocado Market

Product ID: SQMIG30H2103

$5,300
BUY NOW GET FREE SAMPLE