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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.
Eyewear Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
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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