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Global Avocado Market Size, Share, Analysis, Forecast: By Form: Fresh, Processed; By Application: Households, HoReCa, Pharmaceutical, Others; By Distribution Channel: Offline, Online; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand; Competitive Landscape; 2024-2032
Global Avocado Market Outlook
The global avocado market size reached approximately USD 18.14 billion in 2023. The market is projected to grow at a CAGR of 9.2% between 2024 and 2032, reaching a value of around USD 40.18 billion by 2032.
Avocados are pear-shaped bright green fruits growing on the evergreen trees called Persea americana, which belong to the laurel family. The skin of the fruit can be smooth or have a pebbly texture. Inside, avocados have a large, central seed surrounded by creamy, pale green to yellowish flesh. This flesh is rich, buttery, and has a mild, nutty flavour.
Avocados are high in monounsaturated fats, which are heart-healthy fats. They are also a good source of vitamins C, E, K, and B-6, as well as riboflavin, niacin, folate, pantothenic acid, magnesium, and potassium. There are several varieties of avocados such as the Hass variety which is characterised by its pebbly skin that turns from green to purplish-black when ripe and is the most popular due to its creamy texture and long shelf life.
The popularity of avocados has been rising globally, especially in the United States and Europe, due to their health benefits and versatility in culinary applications.
Key Trends in the Market
The rising popularity of healthy foods and diets
The increasing emphasis on healthier and more nutritious foods, coupled with the growing popularity of specific diets such as vegetarianism, veganism, and ketogenic diets, are expected to significantly enhance the global avocado market growth during the forecast period. Avocados are rich in monounsaturated fats, fibre, vitamins, and minerals, making them a popular choice among health-conscious consumers.
For vegetarians and vegans, avocados offer a valuable source of plant-based protein and fats, making them an excellent addition to meat-free diets. The creamy texture of avocados makes them a popular alternative to dairy products in vegan diets, useful in creating dairy-free versions of spreads, dips, and desserts.
The ketogenic diet emphasizes high-fat and low-carbohydrate foods, making avocados an ideal fit due to their high healthy fat content and low carbohydrate levels. The global popularity of Latin American cuisines, where avocados are a staple, has also spurred interest and demand for avocados. Additionally, the availability of ready-to-eat and easy-to-prepare avocado products caters to the fast-paced lifestyle of modern consumers.
Developments in trade policies coupled with innovations in the transportation and preservation sectors
Technological advancements related to transportation, preservation of perishable products, and trade network developments have enabled wider distribution of avocados around the world. Globalisation has significantly augmented the global avocado market demand and the reach of the fruit to regions where it was previously considered exotic or seasonal. Countries that were once unable to have access to fresh avocados now have the opportunity to do so year-round.
The use of refrigerated containers in maritime and overland transport allows avocados to be shipped over long distances without spoilage. Advanced shipping containers equipped with controlled atmosphere technology can regulate the levels of oxygen, carbon dioxide, and humidity, extending the shelf life of avocados during transit. Effective cold chain management systems ensure that avocados are kept at optimal temperatures from the point of harvest through processing, transportation, and retail.
Furthermore, bilateral and multilateral trade agreements have opened up markets, reducing tariffs and trade barriers, thus facilitating the smoother international trade of agricultural products like avocados. Improved logistics and trade networks have also enabled avocado producers to access new and emerging markets, expanding their global footprint.
Rising trend of avocado-based cosmetic items
Another major development is the growing popularity of avocado-based cosmetic products. It is one of the major global avocado market trends rapidly gaining prevalence around the world owing to the abundance of various nutrients such as Vitamin E, B, C, and D, potassium, and fibre, among others, in avocados. The nutrients present in products aid in providing the right amount of nourishment and moisturisation to the skin.
Avocado oil and extracts are used in moisturisers, serums, face masks, and lotions. Their hydrating properties make them suitable for dry, dehydrated, or ageing skin. Avocado-based shampoos, conditioners, and hair masks help in nourishing the scalp and strengthening hair, thanks to the vitamins and fats in the fruit. Some makeup products, like foundations and lip balms, also incorporate avocado oil for its moisturising benefits.
There is a growing consumer preference for skincare and cosmetic products that use natural, non-toxic ingredients and avocado’s natural profile fits well within this trend. Many consumers seeking ethical and sustainable beauty products find avocado-based cosmetics appealing, especially when sourced responsibly.
Avocado Market Segmentation
Based on form, the market can be bifurcated into fresh and processed. The market segmentation, based on application, includes households, HoReCa, and pharmaceuticals, among others. The market division, based on distribution channels, includes offline and online. The major regional markets for avocados are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global avocado market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.
- Mission Produce, Inc.
- Calavo Growers, Inc.
- Simpson Farms Pty Ltd.
- West Pak Avocado, Inc.
- Westfalia Fruit (Pty) Ltd.
- EMPACADORA AVEHASS S.A. DE C.V
- AustChilli Pty Ltd.
- Del Rey Avocado Company, Inc.
- Aguacates JBR
- Duclos Farms
- Others
Market Share by Form
According to the global avocado market analysis, fresh avocados are expected to be high in demand during the forecast period owing to the increasing consumption of fresh foods. Avocados are particularly valued in their fresh form for their high fibre content as they aid in digestion, help prevent constipation, support gastrointestinal health, and lower the risk of colon cancer. In addition, global manufacturers are incorporating new technologies into their production and trade processes to meet the rising demand for the product.
Avocados are used in a variety of dishes, from the traditional guacamole to more modern applications like avocado toast, smoothies, and salads. In many emerging economies, the growing middle class with increased disposable income is more inclined to buy nutritious and trendy foods like avocados. Additionally, technological advancements in transportation and storage have made it easier to distribute avocados globally, ensuring year-round availability in many markets.
Market Share by Region
The Asia Pacific is likely to be a major contributor to the rapid growth of the global avocado market share in the coming years. The development of the market in the region can be attributed to several factors, such as the increasing availability of avocados in countries such as India, China, and other countries in the region. Additionally, the ongoing expansion of the middle-class populations in China and India is anticipated to significantly boost the demand for avocados in the coming years.
Exposure to Western eating habits through globalisation and social media has also popularised avocados as dishes like avocado toast and guacamole have gained traction, especially among younger and urban populations. Economic growth has further led to a rising middle class with more disposable income, contributing to a greater demand for diverse and nutritious foods, including avocados.
Competitive Landscape
Mission Produce, Inc. was established in 1983 and based in California, the United States, and it is a prominent player in the worldwide distribution of avocados. Its core expertise lies in the procurement, processing, and widespread distribution of avocados to diverse global markets. Over the years, Mission Produce has been instrumental in shaping and advancing the growth of the sector.
Calavo Growers, Inc. is an agriculture company renowned for its expertise in producing and delivering avocados alongside a diverse array of fresh food offerings. Originating in 1924, the company's headquarters is located in California, the United States. While avocados take centre stage in Calavo's operations, the company also engages in the handling of an expansive assortment of other fresh produce like tomatoes, papayas, and pineapples, as well as an assortment of prepared food items.
Simpson Farms Pty Ltd. is a distinguished Australian family-owned company, specialising in providing a range of high-quality avocado products to the food service sector. Its renowned Guacamole has been a staple for corporate, food service, and QSR clients for years. With a commitment to quality, sustainability, and national distribution, Simpson Farms is a trusted leader in Australia's fresh avocado supply.
Other global avocado market players include West Pak Avocado, Inc., Westfalia Fruit (Pty) Ltd., EMPACADORA AVEHASS S.A. DE C.V, AustChilli Pty Ltd., Del Rey Avocado Company, Inc., Aguacates JBR, and Duclos Farms, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Form |
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| Breakup by Application |
|
| Breakup by Distribution Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Avocado Market Analysis
8.1 Key Industry Highlights
8.2 Global Avocado Historical Market (2018-2023)
8.3 Global Avocado Market Forecast (2024-2032)
8.4 Global Avocado Market by Form
8.4.1 Fresh
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Processed
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Avocado Market by Application
8.5.1 Households
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 HoReCa
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Pharmaceutical
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Others
8.6 Global Avocado Market by Distribution Channel
8.6.1 Offline
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Online
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global Avocado Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Avocado Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Avocado Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Avocado Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Avocado Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Avocado Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Trade Data Analysis (HS Code – 080440)
15.1 Major Exporting Countries
15.1.1 By Value
15.1.2 By Volume
15.2 Major Importing Countries
15.2.1 By Value
15.2.2 By Volume
16 Price Analysis
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Mission Produce, Inc.
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Calavo Growers, Inc.
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Simpson Farms Pty Ltd.
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 West Pak Avocado, Inc.
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Westfalia Fruit (Pty) Ltd.
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 EMPACADORA AVEHASS S.A. DE C.V
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Certifications
17.2.7 AustChilli Pty Ltd.
17.2.7.1 Company Overview
17.2.7.2 Product Portfolio
17.2.7.3 Demographic Reach and Achievements
17.2.7.4 Certifications
17.2.8 Del Rey Avocado Company, Inc.
17.2.8.1 Company Overview
17.2.8.2 Product Portfolio
17.2.8.3 Demographic Reach and Achievements
17.2.8.4 Certifications
17.2.9 Aguacates JBR
17.2.9.1 Company Overview
17.2.9.2 Product Portfolio
17.2.9.3 Demographic Reach and Achievements
17.2.9.4 Certifications
17.2.10 Duclos Farms
17.2.10.1 Company Overview
17.2.10.2 Product Portfolio
17.2.10.3 Demographic Reach and Achievements
17.2.10.4 Certifications
17.2.11 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Avocado Market: Key Industry Highlights, 2018 and 2032
2. Global Avocado Historical Market: Breakup by Form (USD Billion), 2018-2023
3. Global Avocado Market Forecast: Breakup by Form (USD Billion), 2024-2032
4. Global Avocado Historical Market: Breakup by Application (USD Billion), 2018-2023
5. Global Avocado Market Forecast: Breakup by Application (USD Billion), 2024-2032
6. Global Avocado Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
7. Global Avocado Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
8. Global Avocado Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Avocado Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Avocado Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Avocado Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Avocado Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Avocado Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Avocado Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Avocado Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Avocado Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Avocado Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Avocado Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Avocado Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Major Exporting Countries by Value
21. Major Importing Countries by Value
22. Major Exporting Countries by Volume
23. Major Importing Countries by Volume
24. Global Avocado Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 18.14 billion.
The market is projected to grow at a CAGR of 9.2% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach a value of around USD 40.18 billion by 2032.
The market is being driven by the rising emphasis on healthier and more nutritious foods and advancements in science and technology supporting the global trade of avocados.
The growing popularity of avocado-based cosmetic products and the increasing demand for exotic fruits around the world are supporting the expansion of the market.
The major regional markets are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The different applications of the product are households, HoReCa, and pharmaceuticals, among others.
The key players in the market include Mission Produce, Inc., Calavo Growers, Inc., Simpson Farms Pty Ltd., West Pak Avocado, Inc., Westfalia Fruit (Pty) Ltd., EMPACADORA AVEHASS S.A. DE C.V, AustChilli Pty Ltd., Del Rey Avocado Company, Inc., Aguacates JBR, and Duclos Farms, among others.
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