Reports
Global Avocado Processing Market: By Product Type: Guacamole, Frozen Avocado, Avocado Oil, Avocado Sauce, Others; By Application; By Distribution Channel; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Value Chain Analysis; Avocado Processing; Competitive Landscape; Industry Events and Developments
Global Avocado Processing Market Outlook
The global avocado processing market size reached a value of almost USD 1.9 billion in the year 2020. The market is further expected to grow at a CAGR of 7.5% between 2021 and 2026 to reach a value of almost USD 2.9 billion by 2026.
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North America is the leading market for avocado processing globally. This is attributed to the increasing demand for processed avocado products, such as guacamole, frozen avocado, avocado oil, and avocado sauce within the region. The demand for the product is rising owing to several factors, such as its rich oleic acid content, which is a very healthy fat, and its ability to increase the efficiency of the absorption of essential nutrients, decrease cholesterol level, and enhance heart health.
Market Segmentation
Avocado is a product used for various purposes such as confectionery (baking of cakes), preparation of fine soup mixes and appetizers, and as an ingredient in cosmetics such as oils, soaps, skin lotions, shampoos, and other similar products. The fruit can be processed into various products like avocado oils, guacamole, avocado sauce, frozen products, and others.
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The avocado processing market is segmented on the basis of product type into:
- Guacamole
- Frozen Avocado
- Avocado Oil
- Avocado Sauce
- Others
Currently, guacamole represents the largest share in the avocado processing market.
Based on application, the industry is divided into:
- Food and Beverages
- Cosmetics
- Pharmaceuticals
- Others
Amongst these, food and beverages accounts for the largest market share in the industry.
On the basis of distribution channel, the industry is categorised into:
- Supermarkets and Hypermarkets
- Convenience Stores
- Online
- Others
The report also covers the regional markets of the product like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Market Analysis
The global avocado processing market is driven by the inflating disposable income and enhancing living standards, especially in the emerging economies. The rising awareness of the benefits of avocado has spurred the demand for avocado processed products in the food and beverage industry and cosmetics and wellness industry. These benefits include the reduction of cholesterol and improvement of heart conditions, owing to the presence of oleic acid. Avocado also acts as an antioxidant, which helps enhance skin, wound healing, and neutralizes free radicals, further enhancing the industry growth of avocado processing. Expanding food habits to include new and exotic items has led to an increase in the industry growth. The introduction of recipes involving the use of the product has provided an impetus to the industry growth. The industry is further being aided by the growing acceptance of western food patterns and different cuisines by the growing middle-class population.
Competitive Landscape
The report gives a detailed analysis of the following key players in the global avocado processing market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Calavo Growers
- Olivado Group
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product Type, Application, Distribution Channel, Region |
| Breakup by Product Type | Guacamole, Frozen Avocado, Avocado Oil, Avocado Sauce, Others |
| Breakup by Application | Food and Beverages, Cosmetics, Pharmaceuticals, Others |
| Breakup by Distribution Channel | Supermarkets and Hypermarkets, Convenience Stores, Online, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Calavo Growers, Olivado Group, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*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 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Avocado Market Overview
8.1 Key Industry Highlights
8.2 Global Avocado Historical Market (2018-2022)
8.3 Global Avocado Market Forecast (2023-2028)
8.4 Global Avocado Market by Type
8.4.1 Hass
8.4.2 Fuerte
8.4.3 Bacon
8.4.4 Choquette
8.4.5 Gwen
8.4.6 Others
8.5 Global Avocado Market by End Use
8.5.1 Fresh
8.5.2 Processed
8.6 Global Avocado Market by Distribution Channel
8.6.1 Traditional Retail
8.6.2 Supermarkets/Hypermarkets
8.6.3 Convenience Stores
8.6.4 Online
8.6.5 Others
8.7 Trade Data Analysis
8.7.1 Major Importing Countries
8.7.1.1 By Volume
8.7.1.2 By Value
8.7.2 Major Exporting Countries
8.7.2.1 By Volume
8.7.2.2 By Value
8.8 Avocado Historical Price Trends (2018-2022) and Forecast (2023-2028)
9 Global Avocado Processing Market Analysis
9.1 Key Industry Highlights
9.2 Global Avocado Processing Historical Market (2018-2022)
9.3 Global Avocado Processing Market Forecast (2023-2028)
9.4 Global Avocado Processing Market by Product Type
9.4.1 Guacamole
9.4.1.1 Market Share
9.4.1.2 Historical Trend (2018-2022)
9.4.1.3 Forecast Trend (2023-2028)
9.4.2 Frozen Avocado
9.4.2.1 Market Share
9.4.2.2 Historical Trend (2018-2022)
9.4.2.3 Forecast Trend (2023-2028)
9.4.3 Avocado Oil
9.4.3.1 Market Share
9.4.3.2 Historical Trend (2018-2022)
9.4.3.3 Forecast Trend (2023-2028)
9.4.4 Avocado Sauce
9.4.4.1 Market Share
9.4.4.2 Historical Trend (2018-2022)
9.4.4.3 Forecast Trend (2023-2028)
9.4.5 Others
9.5 Global Avocado Processing Market by Application
9.5.1 Food and Beverages
9.5.1.1 Market Share
9.5.1.2 Historical Trend (2018-2022)
9.5.1.3 Forecast Trend (2023-2028)
9.5.2 Cosmetics
9.5.2.1 Market Share
9.5.2.2 Historical Trend (2018-2022)
9.5.2.3 Forecast Trend (2023-2028)
9.5.3 Pharmaceuticals
9.5.3.1 Market Share
9.5.3.2 Historical Trend (2018-2022)
9.5.3.3 Forecast Trend (2023-2028)
9.5.4 Others
9.6 Global Avocado Processing Market by Distribution Channel
9.6.1 Supermarkets and Hypermarkets
9.6.1.1 Market Share
9.6.1.2 Historical Trend (2018-2022)
9.6.1.3 Forecast Trend (2023-2028)
9.6.2 Convenience Stores
9.6.2.1 Market Share
9.6.2.2 Historical Trend (2018-2022)
9.6.2.3 Forecast Trend (2023-2028)
9.6.3 Online
9.6.3.1 Market Share
9.6.3.2 Historical Trend (2018-2022)
9.6.3.3 Forecast Trend (2023-2028)
9.6.4 Others
9.7 Global Avocado Processing Market by Region
9.7.1 Market Share
9.7.1.1 North America
9.7.1.2 Europe
9.7.1.3 Asia Pacific
9.7.1.4 Latin America
9.7.1.5 Middle East and Africa
10 Regional Analysis
10.1 North America
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.1.3 Breakup by Country
10.1.3.1 United States of America
10.1.3.2 Canada
10.2 Europe
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.2.3 Breakup by Country
10.2.3.1 United Kingdom
10.2.3.2 Germany
10.2.3.3 France
10.2.3.4 Italy
10.2.3.5 Others
10.3 Asia Pacific
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.3.3 Breakup by Country
10.3.3.1 China
10.3.3.2 Japan
10.3.3.3 India
10.3.3.4 ASEAN
10.3.3.5 Australia
10.3.3.6 Others
10.4 Latin America
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.4.3 Breakup by Country
10.4.3.1 Brazil
10.4.3.2 Argentina
10.4.3.3 Mexico
10.4.3.4 Others
10.5 Middle East and Africa
10.5.1 Historical Trend (2018-2022)
10.5.2 Forecast Trend (2023-2028)
10.5.3 Breakup by Country
10.5.3.1 Saudi Arabia
10.5.3.2 United Arab Emirates
10.5.3.3 Nigeria
10.5.3.4 South Africa
10.5.3.5 Others
11 Market Dynamics
11.1 SWOT Analysis
11.1.1 Strengths
11.1.2 Weaknesses
11.1.3 Opportunities
11.1.4 Threats
11.2 Porter’s Five Forces Analysis
11.2.1 Supplier’s Power
11.2.2 Buyers Power
11.2.3 Threat of New Entrants
11.2.4 Degree of Rivalry
11.2.5 Threat of Substitutes
11.3 Key Indicators for Demand
11.4 Key Indicators for Price
12 Value Chain Analysis
13 Avocado Processing
13.1 Product Overview
13.2 Raw Material Requirements
13.3 Manufacturing Process
13.4 Key Success and Risk Factors Competitive Landscape
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players Market Share
14.3 Company Profiles (*This list is only indicative. The report contains a more comprehensive list of players.)
14.3.1 Calavo Growers
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Demographic Reach and Achievements
14.3.1.4 Financial Summary
14.3.1.5 Certifications
14.3.2 Olivado Group
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Demographic Reach and Achievements
14.3.2.4 Financial Summary
14.3.2.5 Certifications
14.3.3 Others
15 Industry Events and Developments
List of Key Figures and Tables
1. Global Avocado Processing Market: Key Industry Highlights, 2018 and 2028
2. Global Avocado Processing Historical Market: Breakup by Product Type (USD Billion), 2018-2022
3. Global Avocado Processing Market Forecast: Breakup by Product Type (USD Billion), 2023-2028
4. Global Avocado Processing Historical Market: Breakup by Application (USD Billion), 2018-2022
5. Global Avocado Processing Market Forecast: Breakup by Application (USD Billion), 2023-2028
6. Global Avocado Processing Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2022
7. Global Avocado Processing Market Forecast: Breakup by Distribution Channel (USD Billion), 2023-2028
8. Global Avocado Processing Historical Market: Breakup by Region (USD Billion), 2018-2022
9. Global Avocado Processing Market Forecast: Breakup by Region (USD Billion), 2023-2028
10. North America Avocado Processing Historical Market: Breakup by Country (USD Billion), 2018-2022
11. North America Avocado Processing Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Europe Avocado Processing Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Europe Avocado Processing Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Asia Pacific Avocado Processing Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Asia Pacific Avocado Processing Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Latin America Avocado Processing Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Latin America Avocado Processing Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Middle East and Africa Avocado Processing Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Middle East and Africa Avocado Processing Market Forecast: Breakup by Country (USD Billion), 2023-2028
20. Global Avocado Processing Market Structure
Key Questions Answered in the Report
In 2020, the global avocado processing market attained a value of nearly USD 1.9 billion.
The market is projected to grow at a CAGR of 7.5% in the forecast period of 2023-2028.
By 2026, the market is estimated to reach a value of about USD 2.9 billion.
The major drivers of the industry such as rising disposable incomes, increasing population, growing health consciousness, and increasing consumption of processed food are expected to aid the industry growth.
The adoption of organic cosmetics and the globalisation of tastes are expected to be the major trends guiding the industry growth.
North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the industry, with North America accounting for the largest market share.
Based on product type, guacamole leads the industry.
The food and beverages segment accounts for the leading market share among other application segments in the industry.
The major distribution channels in the industry are supermarkets and hypermarkets, convenience stores, online, and others.
The leading players in the industry are Calavo Growers, Olivado Group, and others.
Analyst Review
The global avocado processing market attained a value of USD 1.9 billion in 2020 driven by the rising disposable incomes and growing health consciousness. Aided by the rising demand for organic cosmetics, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 7.5%. The market is projected to reach USD 2.9 billion by 2026.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its product types, the avocado processing market can be segmented into guacamole, frozen avocado, avocado oil, avocado sauce, and others, with guacamole accounting for the largest market share. On the basis of application, food and beverages sector accounts for the largest market share. Based on distribution channel, the industry is segmented into supermarkets and hypermarkets, convenience stores, online, and others. The major regional markets for avocado processing are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with North America accounting for the largest share of the market. The key players in the above industry include Calavo Growers, Olivado Group, and others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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