Global Avocado Market Growth 2023-2029

Global Avocado Market Growth 2023-2029

The avocado, a tree likely originating from south-central Mexico is classified as a member of the flowering plant family Lauraceae. The fruit of the plant, also called an avocado (or avocado pear or alligator pear), is botanically a large berry containing a single large seed.

Depending on the variety, avocados have green, brown, purplish, or black skin when ripe, and may be pear-shaped, egg-shaped, or spherical. Commercially, the fruits are picked while immature, and ripened after harvesting.

LPI (LP Information)' newest research report, the “Avocado Industry Forecast” looks at past sales and reviews total world Avocado sales in 2022, providing a comprehensive analysis by region and market sector of projected Avocado sales for 2023 through 2029. With Avocado sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Avocado industry.

This Insight Report provides a comprehensive analysis of the global Avocado landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Avocado portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Avocado market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Avocado and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Avocado.

The global Avocado market size is projected to grow from US$ 13080 million in 2022 to US$ 20140 million in 2029; it is expected to grow at a CAGR of 20140 from 2023 to 2029.

The global avocado market is dominated by Calavo, Mission Produce,West Pak Avocado, Del Rey Avocado, and the top 3 manufacturers account for about 10% of the market share.

North America is the largest avocado market with a market share of about 45 percent, followed by Europe with about 30 percent.In terms of product, hass avocado is the largest segment, with a share over 80%. And in terms of application, the largest application is personal consumer, followed by food processing manufacturer.

This report presents a comprehensive overview, market shares, and growth opportunities of Avocado market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Hass Avocado
Others

Segmentation by application
Personal Consumer
Food Service
Food Processing Manufacturer
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Mission Produce
Calavo
Westfalia Fruit
Camposol
West Pak Avocado
Del Rey Avocado
Simpson Farms
Yucatan Foods
MegaMex Foods LLC

Key Questions Addressed in this Report

What is the 10-year outlook for the global Avocado market?

What factors are driving Avocado market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Avocado market opportunities vary by end market size?

How does Avocado break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.