Global Avocado Market is valued at USD 12.7 Billion in 2020 and is expected to reach USD 19.22 Billion by 2027 with a CAGR of 6.10% over the forecast period.
Global Avocado Market: Global Size, Trends, Competitive, Historical & Forecast Analysis to 2021-2027, Rising awareness towards healthy lifestyle along with increased consumption of avocado owing to several health benefits followed by wide application in food and cosmetic industry are major factors anticipating the growth of avocado Market.
Avocado is a bright green-colored popular fruit with a single seed also known as butter fruit which belongs to the flowering plant family Lauraceae. Avocado trees are self-pollinating and can be maintained through grafting to ensure good quality and quantity. Avocados are available in a variety of sizes, shapes, and colors. Based on the variety, the color of interior flesh ranges from bright yellow to yellow-green to pale yellow. Irrespective of different shapes, sizes, and colors avocados have smooth & creamy flesh with a delicate nutty flavor. Avocado is a good source of potassium and healthy fats. The oil from the fruit is also used for different purposes. They are thought to be originated in Mexico, Central, and South America. The trees of avocado were first planted in Florida in 1833 than in California in 1856. The avocado climacteric fruit due to which harvesting may easily overlap from year to year. Harvest season for avocado begins in the late fall or early winter and continues till the following fall.
Avocados are harvested by hand, use ladders, or remove the fruit using a pole set with a pull-cord activated terminal blade and bag for fruit catching. It is used in cooking as well as confectionery, appetizers, cosmetics due to its oil content. Avocado is used for high cholesterol, psoriasis, arthritis, sexual desire, obesity, and many other conditions the research is going on the benefits of avocado.
The initial stages during the pandemic coupled with the lockdown restrictions directly impacted avocado production. But after the original knock-on demand on local and international markets as a result of global trade and movement confined due to the coronavirus (COVID-19) pandemic, avocado production is hampered due to stopped transportation and ban on supply chains. However, post-pandemic avocado consumption increased as people want to eat healthy amid the Covid-19 pandemic. Health-conscious consumers are eating avocados like never before during the pandemic thus significantly increasing the avocado Market post-pandemic.
Some of the key players for Global Avocado Market are Spectrum Organics Products LLC, Dipasa USA, Inc., Sesajal S.A de C.V, Cibaria International, AvoHealth, Calpure Foods Inc., Olivado USA, Avohass Storino's Quality Products, and La Tourangelle. and others.
The Global Avocado Market is segmented on the basis of type, nature, end-users, and distribution channel. On the basis of nature type, the market of avocado Market is segmented into organic and inorganic. On the basis of type, the market is segmented into avocado puree avocado oil, avocado powder. On the basis of end-user industry, the market is segmented into food & beverage, Infant food, dressings & sauces, dairy & desserts, snacks & meals, beverages, personal care & cosmetics, nutraceuticals, foodservice industry, retail/household. On the basis of distribution channel, the market of avocado Market is segmented into hypermarket/supermarket, specialty stores, convenience stores, online retail and others
Global Avocado Market: By Nature
Global Avocado Market: By Type
Global Avocado Market: By End-user Industry
Global Avocado Market: By Distribution Channel
The regions covered in Global Avocado Market report are North America, Europe, Asia-Pacific, Latin America, and the Rest of the World. On the basis of country level, the market of global avocado Market is sub-divided into the U.S., Mexico, Canada, U.K., France, Germany, Italy, China, India, Japan, South East Asia, Middle East (UAE, Saudi Arabia, GCC, and others) Africa.
On 25th June 2021, Mission Produce, Inc., has announced the launch of the second annual “Summer Fridays” multi-month marketing Program. This program is designed to inspire summer fun with avocados and share creative ways for both avocado aficionados and rookies. “Summer Fridays” is in direct response to Avocado Intel, Mission’s in-house consumer intelligence data findings, which shows 58% of consumers plan to buy additional avocados this summer than they did earlier in the year. The Program includes partnerships and gifts with travel, lifestyle, and food influencers, along with an online promotional agreement with Avocaderia, the world’s first avocado bar, located in New York City.
Avocado is called a superfood because it has high nutrient content relatively few calories and a substantial number of minerals. According to Dietary Guidelines for Americans recommends that Americans increase their intake of dietary fiber and states that dietary fiber that happens naturally in foods may help reduce the risk of disorder, obesity, and type 2 diabetes, also help provide a sense of fullness and promote healthy laxation. Avocados can act as a nutrient supporter by enabling the body to soak up more fat-soluble nutrients, like vitamins A, D, E, and K, in foods that are eaten with the fruit. The increased awareness regarding health has increased the avocado consumption rich in omega and other multi-nutrient quality is expected to drive the avocado market worldwide.
Furthermore, the intensifying food business including the launch of various avocado-based products like dishes made with using avocados due to its versatility myriad of flavors. for instance, avocado smoothies, avocado chocolate mousse, avocado pasta, avocado lollies, avocado sauce, avocado oil and others. In addition to that, avocados are an important ingredient for guacamole (Mexican dip) which is a characteristic sauce in Mexican cuisine also driving demand for the market. On the other hand, rising demand of avocado for the confection of baked products (such as cakes), to elaborate fine soup mixes, appetizers, and in the production of cosmetics due to its oil content. Thus, increased use of avocado by the food industry, cosmetic industries, and in healthcare is driving the growth of the avocado industry in the forecast period.
However, change in climatic conditions directly affect avocado production, as well as the high cost of avocado as compared to other fruits, are expected to hamper the growth avocado Market over the forecast period.
North America is expected to account the major market share in the global avocado production market as most of the avocado are produced in Florida California and Hawaii. Favorable climatic conditions in these cities make them the major producer of avocado as compared to the rest of the cities. Although yearly variations can be seen the avocado production owing to the climatic conditions as avocado trees cannot tolerate extremely low temperatures there are different varieties of avocado available which are produced the most common variety is Hass. Avocado production is expected to flourish over the period of time owing to the wide application and consumption of avocado in the near future.
Middle East and Africa
|2015 - 2020
|2021 - 2027
|Market Size in 2020:
|USD 11.43 Billion
|Base year considered
|Forecast Period CAGR %:
|Market Size Expected in 2027:
|USD 20.27 Billion
|Tables, Charts & Figures:
|Spectrum Organics Products LLC, Dipasa USA, Inc., Sesajal S.A de C.V, Cibaria International, AvoHealth, Calpure Foods Inc., Olivado USA, Avohass Storino's Quality Products, and La Tourangelle. and others.
|By Nature, By Type, By End-user Industry, By Distribution Channel
|North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa
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