Avocado Processing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
The global avocado processing market size reached US$ 2.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.3 Billion by 2028, exhibiting a growth rate (CAGR) of 6.8% during 2023-2028.
Avocado is used for the confection of baked products (such as cakes), to elaborate fine soup mixes, appetizers, and in the production of cosmetics (oils, skin lotions, soaps, shampoos, etc.) due to its oil content. Avocado can be processed into several products such as guacamole, avocado oils, avocado sauce, frozen products, etc.
A number of broad drivers and trends are currently driving the growth of global avocado processing market. These include rising disposable incomes, changing lifestyles, broadening of food habits, rising demand of processed foods, increasing cosmetic applications, etc. With the confluence of increasing trend of westernization of food patterns and acceptance of different cuisines along with burgeoning middle-class population, the consumption of avocado is rising across the globe. Moreover, the nutritional and health benefits associated with the consumption of avocado is also driving its demand. Avocado is rich in oleic acid, reduces cholesterol and improves heart health, acts as an antioxidant, improves skin, enhances wound healing, and neutralizes free radicals.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global avocado processing market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on product type, application and distribution channel.
Breakup by Product Type:
Guacamole
Avocado Oil
Frozen Avocado
Avocado Sauce
Others
Guacamole currently accounts for the largest share in the avocado processing market.
Breakup by Application:
Food and Beverages
Cosmetics
Pharmaceuticals
Others
Food and Beverages currently account for the largest share in the market.
Breakup by Distribution Channel:
Supermarkets and Hypermarkets
Convenience Stores
Online
Others
Regional Insights:
North America
Europe
Asia Pacific
Middle East and Africa
Latin America
North America currently represents the largest market.
Competitive Landscape:
The competitive landscape of the global avocado processing market has also been analyzed. Some of the leading players operating in the market are:
Hormel Foods Corporation
YUCATAN FOODS
Sabra Dipping Company, LLC
Calavo Growers, Inc.
Salud Foodgroup Europe BV
Olivado
SPECTRUM ORGANIC PRODUCTS, LLC
GRUPO INDUSTRIAL BATELLERO S.A. de C.V.
Sesajal S.A. de C.V.
The Village Press
Key Questions Answered in This Report
1. What was the size of the global avocado processing market in 2022?
2. What is the expected growth rate of the global avocado processing market during 2023-2028?
3. What are the key factors driving the global avocado processing market?
4. What has been the impact of COVID-19 on the global avocado processing market?
5. What is the breakup of the global avocado processing market based on the product type?
6. What is the breakup of the global avocado processing market based on the application?
7. What are the key regions in the global avocado processing market?
8. Who are the key players/companies in the global avocado processing market?
- 1 Preface
- 2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
- 3 Executive Summary
- 4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
- 5 Global Avocado Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Price Trends
- 5.4 Market Breakup by Type
- 5.4.1 Hass
- 5.4.1.1 Market Trends
- 5.4.1.2 Market Forecast
- 5.4.2 Fuerte
- 5.4.2.1 Market Trends
- 5.4.2.2 Market Forecast
- 5.4.3 Bacon
- 5.4.3.1 Market Trends
- 5.4.3.2 Market Forecast
- 5.4.4 Choquette
- 5.4.4.1 Market Trends
- 5.4.4.2 Market Forecast
- 5.4.5 Gwen
- 5.4.5.1 Market Trends
- 5.4.5.2 Market Forecast
- 5.4.6 Others
- 5.4.6.1 Market Trends
- 5.4.6.2 Market Forecast
- 5.5 Market Breakup by Region
- 5.5.1 Mexico
- 5.5.1.1 Market Trends
- 5.5.1.2 Market Forecast
- 5.5.2 Dominican Republic
- 5.5.2.1 Market Trends
- 5.5.2.2 Market Forecast
- 5.5.3 Peru
- 5.5.3.1 Market Trends
- 5.5.3.2 Market Forecast
- 5.5.4 Colombia
- 5.5.4.1 Market Trends
- 5.5.4.2 Market Forecast
- 5.5.5 Indonesia
- 5.5.5.1 Market Trends
- 5.5.5.2 Market Forecast
- 5.5.6 Others
- 5.5.6.1 Market Trends
- 5.5.6.2 Market Forecast
- 5.6 Market Breakup by End Use
- 5.6.1 Fresh
- 5.6.1.1 Market Trends
- 5.6.1.2 Market Forecast
- 5.6.2 Processed
- 5.6.2.1 Market Trends
- 5.6.2.2 Market Forecast
- 5.7 Market Breakup by Distribution Channel
- 5.7.1 Traditional Retail
- 5.7.1.1 Market Trends
- 5.7.1.2 Market Forecast
- 5.7.2 Supermarkets/Hypermarkets
- 5.7.2.1 Market Trends
- 5.7.2.2 Market Forecast
- 5.7.3 Convenience Stores
- 5.7.3.1 Market Trends
- 5.7.3.2 Market Forecast
- 5.7.4 Online
- 5.7.4.1 Market Trends
- 5.7.4.2 Market Forecast
- 5.7.5 Others
- 5.7.5.1 Market Trends
- 5.7.5.2 Market Forecast
- 5.8 Import and Export
- 5.8.1 Import by Major Countries
- 5.8.2 Export by Major Countries
- 5.9 Market Forecast
- 6 Global Avocado Processing Market
- 6.1 Market Overview
- 6.2 Market Performance
- 6.3 Impact of COVID-19
- 6.4 Market Breakup by Product Type
- 6.4.1 Guacamole
- 6.4.1.1 Market Trends
- 6.4.1.2 Market Forecast
- 6.4.2 Frozen Avocado
- 6.4.2.1 Market Trends
- 6.4.2.2 Market Forecast
- 6.4.3 Avocado Oil
- 6.4.3.1 Market Trends
- 6.4.3.2 Market Forecast
- 6.4.4 Avocado Sauce
- 6.4.4.1 Market Trends
- 6.4.4.2 Market Forecast
- 6.4.5 Others
- 6.4.5.1 Market Trends
- 6.4.5.2 Market Forecast
- 6.5 Market Breakup by Application
- 6.5.1 Food and Beverages
- 6.5.1.1 Market Trends
- 6.5.1.2 Market Forecast
- 6.5.2 Cosmetics
- 6.5.2.1 Market Trends
- 6.5.2.2 Market Forecast
- 6.5.3 Pharmaceuticals
- 6.5.3.1 Market Trends
- 6.5.3.2 Market Forecast
- 6.5.4 Others
- 6.5.4.1 Market Trends
- 6.5.4.2 Market Forecast
- 6.6 Market Breakup by Region
- 6.6.1 North America
- 6.6.1.1 Market Trends
- 6.6.1.2 Market Forecast
- 6.6.2 Europe
- 6.6.2.1 Market Trends
- 6.6.2.2 Market Forecast
- 6.6.3 Asia Pacific
- 6.6.3.1 Market Trends
- 6.6.3.2 Market Forecast
- 6.6.4 Middle East and Africa
- 6.6.4.1 Market Trends
- 6.6.4.2 Market Forecast
- 6.6.5 Latin America
- 6.6.5.1 Market Trends
- 6.6.5.2 Market Forecast
- 6.7 Market Breakup by Distribution Channel
- 6.7.1 Supermarkets and Hypermarkets
- 6.7.1.1 Market Trends
- 6.7.1.2 Market Forecast
- 6.7.2 Convenience Stores
- 6.7.2.1 Market Trends
- 6.7.2.2 Market Forecast
- 6.7.3 Online
- 6.7.3.1 Market Trends
- 6.7.3.2 Market Forecast
- 6.7.4 Others
- 6.7.4.1 Market Trends
- 6.7.4.2 Market Forecast
- 6.8 Market Forecast
- 7 SWOT Analysis
- 7.1 Overview
- 7.2 Strengths
- 7.3 Weaknesses
- 7.4 Opportunities
- 7.5 Threats
- 8 Value Chain Analysis
- 8.1 Overview
- 8.2 Research and Development
- 8.3 Raw Material Procurement
- 8.4 Manufacturing
- 8.5 Marketing
- 8.6 Distribution
- 8.7 End-Use
- 9 Porters Five Forces Analysis
- 9.1 Overview
- 9.2 Bargaining Power of Buyers
- 9.3 Bargaining Power of Suppliers
- 9.4 Degree of Rivalry
- 9.5 Threat of New Entrants
- 9.6 Threat of Substitutes
- 10 Avocado Processing
- 10.1 Product Overview
- 10.2 Raw Material Requirements
- 10.3 Manufacturing Process
- 10.4 Key Success and Risk Factors
- 11 Competitive Landscape
- 11.1 Market Structure
- 11.2 Key Players
- 11.3 Profiles of Key Players
- 11.3.1 Hormel Foods Corporation
- 11.3.1.1 Company Overview
- 11.3.1.2 Description
- 11.3.2 YUCATAN FOODS
- 11.3.2.1 Company Overview
- 11.3.2.2 Description
- 11.3.3 Sabra Dipping Company, LLC
- 11.3.3.1 Company Overview
- 11.3.3.2 Description
- 11.3.4 Calavo Growers, Inc.
- 11.3.4.1 Company Overview
- 11.3.4.2 Description
- 11.3.5 Salud Foodgroup Europe BV
- 11.3.5.1 Company Overview
- 11.3.5.2 Description
- 11.3.6 Olivado
- 11.3.6.1 Company Overview
- 11.3.6.2 Description
- 11.3.7 SPECTRUM ORGANIC PRODUCTS, LLC
- 11.3.7.1 Company Overview
- 11.3.7.2 Description
- 11.3.8 GRUPO INDUSTRIAL BATELLERO S.A. de C.V.
- 11.3.8.1 Company Overview
- 11.3.8.2 Description
- 11.3.9 Sesajal S.A. de C.V.
- 11.3.9.1 Company Overview
- 11.3.9.2 Description
- 11.3.10 The Village Press
- 11.3.10.1 Company Overview
- 11.3.10.2 Description
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