The global avocado market is expected to grow at a CAGR of around 8.6% during 2024-2033. This report on the global avocado market report provides a holistic understanding of the market along with market sizing, forecast, drivers, challenges, and competitive landscape. The report presents a clear picture of the global avocado market by segmenting the market based on type, end-use, distribution channel, and region. Also, detailed profiles of companies operating in the avocado market are provided in this report. We believe that this report will aid the professionals and industry stakeholders in making informed decisions.Â
Market DriversÂ
The avocado market is propelled by multiple factors. A significant driver is the increasing awareness among consumers. Further, the global popularity of avocados has surged due to evolving consumer tastes and an increasing desire for fresh and nutritious food. Avocado’s distinct flavor and versatility have positioned it as a highly sought-after ingredient in diverse culinary traditions. With the growth of economies and the rise in disposable incomes, consumers are inclined to invest more in premium, healthful food choices, and avocados have seen a notable uptick in consumption across different regions worldwide.
Market RestraintsÂ
The avocado market faces several challenges. High cost is among the major reasons hampering market growth, particularly in developing regions. The pricing of avocados is subject to fluctuations influenced by diverse factors, such as weather events, currency fluctuations, and geopolitical issues. This volatility introduces uncertainties for both producers and consumers within the market. Additionally, avocado trees, being sensitive to weather conditions, often exhibit seasonal production patterns. Variations in climate, such as droughts or frosts, can result in fluctuations in crop yields, impacting the overall supply within the market.
Market Opportunities
The global avocado market offers vast opportunities driven by factors such as technological advancements, emerging economies, and changing demographics. Utilizing state-of-the-art technologies in cultivation, harvesting, and post-harvest processes has the potential to boost efficiency and lower operational costs. Precision agriculture, data analytics, and automation, in particular, play integral roles in elevating both productivity and quality. Additionally, seizing the expanding interest in health and wellness provides an opportunity to position avocados as a wholesome and natural dietary option. Creating and promoting avocado-based products tailored to health-conscious consumers allows for tapping into this burgeoning trend.
Recent Industry DevelopmentÂ
- In Dec 2023, Westfalia Fruit brought first commercial shipment of Australian Avocados into India.
- In Oct 2023, Halls, a global company, launched a product called The Naked Avocado in a bid to reduce waste and offer consistently ripe, ready-to-eat fruit.
- In Apr 2023, Supporting Avocado growth in Africa, Asia, South America, and Europe; IFC, HSBC Bank, and Standard Bank announced an investment $100 million each in Westfalia Fruit International Limited.
- In Aug 2022, Fresh Del Monte introduced Kenya-grown avocados in the European market.
Â
Historical & Forecast Period
Base Year: 2023
Historical Period: 2019-2023
Forecast Period: 2024-2033
Report’s Unit: US$
Global Avocado Market Segmentation
Market by TypeÂ
- Hass
- Fuerte
- Bacon
- Choquette
- Gwen
- OthersÂ
Market by End UseÂ
- Fresh
- ProcessedÂ
Market by Distribution ChannelÂ
- Traditional Retail
- Supermarkets/Hypermarkets
- Convenience Stores
- Online
- OthersÂ
Market by Region
Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Russia
- Netherlands
- Sweden
- Poland
- Rest of Europe
North America
- United States
- Canada
Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- ASEAN
- Rest of Asia Pacific
Latin America
- Mexico
- Brazil
- Argentina
- Chile
- Rest of Latin America
Middle East & Africa
- Saudi Arabia
- Turkey
- Iran
- United Arab Emirates
- Rest of Middle East & Africa
List of Mentioned CompaniesÂ
- Aguacates JBR
- AustChilli Group
- Calavo Growers, Inc.
- Duclos Farms
- EMPACADORA AVEHASS S.A. DE C.V.
- Fresh Del Monte
- Mission Produce, Inc.
- Propal
- Simpson Farms
- West Pak Avocado, Inc.
- Westfalia FruitÂ
Report Coverage
| Report Feature | Details |
| Base Year | 2023 |
| Historical Period | 2019-2022 |
| Forecast Period | 2024-2033 |
| Units | US$ Million |
| Segments Covered | Type, End Use, Distribution Channel, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Companies Covered | Aguacates JBR, AustChilli Group, Calavo Growers, Inc., Duclos Farms, EMPACADORA AVEHASS S.A. DE C.V., Fresh Del Monte, Mission Produce, Inc., Propal, Simpson Farms, West Pak Avocado, Inc., Westfalia Fruit |
| Purchase Options | Single User License: US$ 2,999 Five User License: US$ 3,499 Corporate License: US$ 4,499 |
Research Methodology
During the course of the research study, we conducted extensive primary and secondary research. The research commenced with extensive exploration through secondary sources followed by primary research. With these research methods, we were able to estimate the market size, to identify the factors that promote the growth in this market as well as the factors that hamper the growth in the market.
Comprehensive primary and secondary methods helped us to identify the trends in the market and to project the opportunities that the key players may get during the forecast period. Apart from these approaches, various analytical and statistical approaches were also used during data extraction cleaning, and analysis.Â
Post secondary & primary research, we conducted expert interviews to validate all the information we collected during the course of the study. So, a blend of these three-way approaches helped us in data triangulation and to provide accurate market scenario in our report.
Key Questions Answered in the Report
- What will be the global avocado market size and the growth rate in the coming year?
- What are the main key factors driving the market?
- What are the key market trends impacting the growth of the market?
- What are the market opportunities and threats in the market?
- What industrial trends, drivers and challenges are manipulating its growth?
- Which are trending factors influencing the market shares of the top regions across the globe?
- Who are the key market players in the industry?
- What is the impact of Covid19 on the current industry?
1. Preface
1.1 Objective
1.2 Target Audience & Key Offerings
1.3 Report’s Scope
1.4 Research Methodology
1.4.1 Phase I
1.4.2 Phase II
1.4.3 Phase III
1.5 Assumptions
2. Key Insights
2.1. Global Market in 2023
2.2. Impact of COVID-19
2.3. Growth Opportunities and Challenges
2.4. Key Industry Trends
3. Global Avocado Market Dynamics
3.1. Introduction
3.2. Market DROs
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
3.3. Industry Trends
3.4. SWOT Analysis
3.5. Market Value Chain Analysis
3.6. Porter’s Five Forces Analysis
3.7. PESTLE Analysis
3.8. Key Price Indicators
3.9. Ansoff Matrix
3.10. Government Laws and Industry Regulations
4. Global Avocado Market Analysis
4.1. Market Portraiture
4.2. Market Size (US$ Million, 2019-2023)
4.3. Market Forecast (US$ Million, 2024-2033)
4.4. Impact of COVID-19
4.5. Impact of Russia-Ukraine War
5. Global Avocado Market by Type (US$ Million, 2019-2033)
5.1. Introduction
5.2. Hass
5.3. Fuerte
5.4. Bacon
5.5. Choquette
5.6. Gwen
5.7. Others
5.8. Key Segment Investment Opportunity
6. Global Avocado Market by End Use (US$ Million, 2019-2033)
6.1. Introduction
6.2. Fresh
6.3. Processed
6.4. Key Segment Investment Opportunity
7. Global Avocado Market by Distribution Channel (US$ Million, 2019-2033)
7.1. Introduction
7.2. Traditional Retail
7.3. Supermarkets/Hypermarkets
7.4. Convenience Stores
7.5. Online
7.6. Others
7.7. Key Segment Investment Opportunity
8. Global Avocado Market by Region (US$ Million, 2019-2033)
8.1. Introduction
8.2. Europe
8.3. North America
8.4. Asia Pacific
8.5. Latin America
8.6. Middle East & Africa
8.7. Key Segment Investment Opportunity
9. Europe Avocado Market (US$ Million, 2019-2033)
9.1. Introduction
9.2. Key Drivers and Takeaways
9.3. Europe Market Breakup by Type
9.4. Europe Market Breakup by End Use
9.5. Europe Market Breakup by Distribution Channel
9.6. Europe Market Breakup by Country
9.6.1. Germany
9.6.2. United Kingdom
9.6.3. France
9.6.4. Italy
9.6.5. Spain
9.6.6. Russia
9.6.7. Netherlands
9.6.8. Sweden
9.6.9. Poland
9.6.10. Rest of Europe
10. North America Avocado Market (US$ Million, 2019-2033)
10.1. Introduction
10.2. Key Drivers and Takeaways
10.3. North America Market Breakup by Type
10.4. North America Market Breakup by End Use
10.5. North America Market Breakup by Distribution Channel
10.6. North America Market Breakup by Country
10.6.1. United States
10.6.2. Canada
11. Asia Pacific Avocado Market (US$ Million, 2019-2033)
11.1. Introduction
11.2. Key Drivers and Takeaways
11.3. Asia Pacific Market Breakup by Type
11.4. Asia Pacific Market Breakup by End Use
11.5. Asia Pacific Market Breakup by Distribution Channel
11.6. Asia Pacific Market Breakup by Country
11.6.1. China
11.6.2. Japan
11.6.3. India
11.6.4. South Korea
11.6.5. Australia
11.6.6. ASEAN
11.6.7. Rest of Asia Pacific
12. Latin America Avocado Market (US$ Million, 2019-2033)
12.1. Introduction
12.2. Key Drivers and Takeaways
12.3. Latin America Market Breakup by Type
12.4. Latin America Market Breakup by End Use
12.5. Latin America Market Breakup by Distribution Channel
12.6. Latin America Market Breakup by Country
12.6.1. Mexico
12.6.2. Brazil
12.6.3. Argentina
12.6.4. Chile
12.6.5. Rest of Latin America
13. Middle East and Africa Avocado Market (US$ Million, 2019-2033)
13.1. Introduction
13.2. Key Drivers and Takeaways
13.3. Middle East and Africa Market Breakup by Type
13.4. Middle East and Africa Market Breakup by End Use
13.5. Middle East and Africa Market Breakup by Distribution Channel
13.6. Middle East and Africa Market Breakup by Country
13.6.1. Saudi Arabia
13.6.2. Turkey
13.6.3. Iran
13.6.4. United Arab Emirates
13.6.5. Rest of Middle East & Africa
14. Competitive Landscape
14.1. Competitive Dashboard
14.2. Key Industry Strategies Analysis
14.3. Recent Developments
14.4. Market Scenario
15. Company Profiles
15.1. Aguacates JBR
15.2. AustChilli Group
15.3. Calavo Growers, Inc.
15.4. Duclos Farms
15.5. EMPACADORA AVEHASS S.A. DE C.V.
15.6. Fresh Del Monte
15.7. Mission Produce, Inc.
15.8. Propal
15.9. Simpson Farms
15.10. West Pak Avocado, Inc.
15.11. Westfalia Fruit
- Description
-
The global avocado market is expected to grow at a CAGR of around 8.6% during 2024-2033. This report on the global avocado market report provides a holistic understanding of the market along with market sizing, forecast, drivers, challenges, and competitive landscape. The report presents a clear picture of the global avocado market by segmenting the market based on type, end-use, distribution channel, and region. Also, detailed profiles of companies operating in the avocado market are provided in this report. We believe that this report will aid the professionals and industry stakeholders in making informed decisions.Â
Market DriversÂ
The avocado market is propelled by multiple factors. A significant driver is the increasing awareness among consumers. Further, the global popularity of avocados has surged due to evolving consumer tastes and an increasing desire for fresh and nutritious food. Avocado’s distinct flavor and versatility have positioned it as a highly sought-after ingredient in diverse culinary traditions. With the growth of economies and the rise in disposable incomes, consumers are inclined to invest more in premium, healthful food choices, and avocados have seen a notable uptick in consumption across different regions worldwide.
Market RestraintsÂ
The avocado market faces several challenges. High cost is among the major reasons hampering market growth, particularly in developing regions. The pricing of avocados is subject to fluctuations influenced by diverse factors, such as weather events, currency fluctuations, and geopolitical issues. This volatility introduces uncertainties for both producers and consumers within the market. Additionally, avocado trees, being sensitive to weather conditions, often exhibit seasonal production patterns. Variations in climate, such as droughts or frosts, can result in fluctuations in crop yields, impacting the overall supply within the market.
Market Opportunities
The global avocado market offers vast opportunities driven by factors such as technological advancements, emerging economies, and changing demographics. Utilizing state-of-the-art technologies in cultivation, harvesting, and post-harvest processes has the potential to boost efficiency and lower operational costs. Precision agriculture, data analytics, and automation, in particular, play integral roles in elevating both productivity and quality. Additionally, seizing the expanding interest in health and wellness provides an opportunity to position avocados as a wholesome and natural dietary option. Creating and promoting avocado-based products tailored to health-conscious consumers allows for tapping into this burgeoning trend.
Recent Industry DevelopmentÂ
- In Dec 2023, Westfalia Fruit brought first commercial shipment of Australian Avocados into India.
- In Oct 2023, Halls, a global company, launched a product called The Naked Avocado in a bid to reduce waste and offer consistently ripe, ready-to-eat fruit.
- In Apr 2023, Supporting Avocado growth in Africa, Asia, South America, and Europe; IFC, HSBC Bank, and Standard Bank announced an investment $100 million each in Westfalia Fruit International Limited.
- In Aug 2022, Fresh Del Monte introduced Kenya-grown avocados in the European market.
Â
Historical & Forecast Period
Base Year: 2023
Historical Period: 2019-2023
Forecast Period: 2024-2033
Report’s Unit: US$
Global Avocado Market Segmentation
Market by TypeÂ
- Hass
- Fuerte
- Bacon
- Choquette
- Gwen
- OthersÂ
Market by End UseÂ
- Fresh
- ProcessedÂ
Market by Distribution ChannelÂ
- Traditional Retail
- Supermarkets/Hypermarkets
- Convenience Stores
- Online
- OthersÂ
Market by Region
Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Russia
- Netherlands
- Sweden
- Poland
- Rest of Europe
North America
- United States
- Canada
Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- ASEAN
- Rest of Asia Pacific
Latin America
- Mexico
- Brazil
- Argentina
- Chile
- Rest of Latin America
Middle East & Africa
- Saudi Arabia
- Turkey
- Iran
- United Arab Emirates
- Rest of Middle East & Africa
List of Mentioned CompaniesÂ
- Aguacates JBR
- AustChilli Group
- Calavo Growers, Inc.
- Duclos Farms
- EMPACADORA AVEHASS S.A. DE C.V.
- Fresh Del Monte
- Mission Produce, Inc.
- Propal
- Simpson Farms
- West Pak Avocado, Inc.
- Westfalia FruitÂ
Report Coverage
Report Feature Details Base Year 2023 Historical Period 2019-2022 Forecast Period 2024-2033 Units US$ Million Segments Covered Type, End Use, Distribution Channel, Region Region Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa Companies Covered Aguacates JBR, AustChilli Group, Calavo Growers, Inc., Duclos Farms, EMPACADORA AVEHASS S.A. DE C.V., Fresh Del Monte, Mission Produce, Inc., Propal, Simpson Farms, West Pak Avocado, Inc., Westfalia Fruit Purchase Options Single User License: US$ 2,999
Five User License: US$ 3,499
Corporate License: US$ 4,499Research Methodology
During the course of the research study, we conducted extensive primary and secondary research. The research commenced with extensive exploration through secondary sources followed by primary research. With these research methods, we were able to estimate the market size, to identify the factors that promote the growth in this market as well as the factors that hamper the growth in the market.
Comprehensive primary and secondary methods helped us to identify the trends in the market and to project the opportunities that the key players may get during the forecast period. Apart from these approaches, various analytical and statistical approaches were also used during data extraction cleaning, and analysis.Â
Post secondary & primary research, we conducted expert interviews to validate all the information we collected during the course of the study. So, a blend of these three-way approaches helped us in data triangulation and to provide accurate market scenario in our report.
Key Questions Answered in the Report
- What will be the global avocado market size and the growth rate in the coming year?
- What are the main key factors driving the market?
- What are the key market trends impacting the growth of the market?
- What are the market opportunities and threats in the market?
- What industrial trends, drivers and challenges are manipulating its growth?
- Which are trending factors influencing the market shares of the top regions across the globe?
- Who are the key market players in the industry?
- What is the impact of Covid19 on the current industry?
- Table of Contents
-
1. Preface
1.1 Objective
1.2 Target Audience & Key Offerings
1.3 Report’s Scope
1.4 Research Methodology
1.4.1 Phase I
1.4.2 Phase II
1.4.3 Phase III
1.5 Assumptions
2. Key Insights
2.1. Global Market in 2023
2.2. Impact of COVID-19
2.3. Growth Opportunities and Challenges
2.4. Key Industry Trends
3. Global Avocado Market Dynamics
3.1. Introduction
3.2. Market DROs
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
3.3. Industry Trends
3.4. SWOT Analysis
3.5. Market Value Chain Analysis
3.6. Porter’s Five Forces Analysis
3.7. PESTLE Analysis
3.8. Key Price Indicators
3.9. Ansoff Matrix
3.10. Government Laws and Industry Regulations
4. Global Avocado Market Analysis
4.1. Market Portraiture
4.2. Market Size (US$ Million, 2019-2023)
4.3. Market Forecast (US$ Million, 2024-2033)
4.4. Impact of COVID-19
4.5. Impact of Russia-Ukraine War
5. Global Avocado Market by Type (US$ Million, 2019-2033)
5.1. Introduction
5.2. Hass
5.3. Fuerte
5.4. Bacon
5.5. Choquette
5.6. Gwen
5.7. Others
5.8. Key Segment Investment Opportunity
6. Global Avocado Market by End Use (US$ Million, 2019-2033)
6.1. Introduction
6.2. Fresh
6.3. Processed
6.4. Key Segment Investment Opportunity
7. Global Avocado Market by Distribution Channel (US$ Million, 2019-2033)
7.1. Introduction
7.2. Traditional Retail
7.3. Supermarkets/Hypermarkets
7.4. Convenience Stores
7.5. Online
7.6. Others
7.7. Key Segment Investment Opportunity
8. Global Avocado Market by Region (US$ Million, 2019-2033)
8.1. Introduction
8.2. Europe
8.3. North America
8.4. Asia Pacific
8.5. Latin America
8.6. Middle East & Africa
8.7. Key Segment Investment Opportunity
9. Europe Avocado Market (US$ Million, 2019-2033)
9.1. Introduction
9.2. Key Drivers and Takeaways
9.3. Europe Market Breakup by Type
9.4. Europe Market Breakup by End Use
9.5. Europe Market Breakup by Distribution Channel
9.6. Europe Market Breakup by Country
9.6.1. Germany
9.6.2. United Kingdom
9.6.3. France
9.6.4. Italy
9.6.5. Spain
9.6.6. Russia
9.6.7. Netherlands
9.6.8. Sweden
9.6.9. Poland
9.6.10. Rest of Europe
10. North America Avocado Market (US$ Million, 2019-2033)
10.1. Introduction
10.2. Key Drivers and Takeaways
10.3. North America Market Breakup by Type
10.4. North America Market Breakup by End Use
10.5. North America Market Breakup by Distribution Channel
10.6. North America Market Breakup by Country
10.6.1. United States
10.6.2. Canada
11. Asia Pacific Avocado Market (US$ Million, 2019-2033)
11.1. Introduction
11.2. Key Drivers and Takeaways
11.3. Asia Pacific Market Breakup by Type
11.4. Asia Pacific Market Breakup by End Use
11.5. Asia Pacific Market Breakup by Distribution Channel
11.6. Asia Pacific Market Breakup by Country
11.6.1. China
11.6.2. Japan
11.6.3. India
11.6.4. South Korea
11.6.5. Australia
11.6.6. ASEAN
11.6.7. Rest of Asia Pacific
12. Latin America Avocado Market (US$ Million, 2019-2033)
12.1. Introduction
12.2. Key Drivers and Takeaways
12.3. Latin America Market Breakup by Type
12.4. Latin America Market Breakup by End Use
12.5. Latin America Market Breakup by Distribution Channel
12.6. Latin America Market Breakup by Country
12.6.1. Mexico
12.6.2. Brazil
12.6.3. Argentina
12.6.4. Chile
12.6.5. Rest of Latin America
13. Middle East and Africa Avocado Market (US$ Million, 2019-2033)
13.1. Introduction
13.2. Key Drivers and Takeaways
13.3. Middle East and Africa Market Breakup by Type
13.4. Middle East and Africa Market Breakup by End Use
13.5. Middle East and Africa Market Breakup by Distribution Channel
13.6. Middle East and Africa Market Breakup by Country
13.6.1. Saudi Arabia
13.6.2. Turkey
13.6.3. Iran
13.6.4. United Arab Emirates
13.6.5. Rest of Middle East & Africa
14. Competitive Landscape
14.1. Competitive Dashboard
14.2. Key Industry Strategies Analysis
14.3. Recent Developments
14.4. Market Scenario
15. Company Profiles
15.1. Aguacates JBR
15.2. AustChilli Group
15.3. Calavo Growers, Inc.
15.4. Duclos Farms
15.5. EMPACADORA AVEHASS S.A. DE C.V.
15.6. Fresh Del Monte
15.7. Mission Produce, Inc.
15.8. Propal
15.9. Simpson Farms
15.10. West Pak Avocado, Inc.
15.11. Westfalia Fruit