Global Avocado Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Avocado Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Avocado market finds that the global Avocado market reached a value of USD 21523.78 million in 2022. It’s expected that the market will achieve USD 28976.03 million by 2028, exhibiting a CAGR of 5.08% during the forecast period.

Drivers

Research has proved that avocado has high nutritional value. Rich in vitamins, it is a natural source of vitamin B, K, C, and E. Further, it is also a rich source of potassium, carotenoids, and phytosterols. With numerous nutritional benefits, avocado is preferred as a natural ingredient in several food products today. This is a primary reason for constant growth in the global avocado market.
Avocado is gaining importance in the pharmaceutical and cosmetics industry. With its health benefits, pharmaceutical companies and cosmetic product manufacturers feel it could be a key ingredient in their products. Research is on to develop products based on avocado extracts and ingredients. This attracts demand in the global avocado market. Further, the fact that avocado is a natural source, it garners increased interest among consumers.
Further, research has proved benefits of using avocado on skin care products. Players in the cosmetic industry are introducing skin care products with avocado as a key ingredient. Positive results in terms of business hint at stable growth potential in this new arena. Thus, consumption in the global avocado market is believed to shoot up during the forecast period.

Restraints

Avocado is a fruit tree that grows in the competitive sunlight under tropical rain forest conditions. It grows rapidly in a high-temperature and high-humidity environment, and grows slowly if environmental conditions are not available. And most of the avocado

Region Overview:

United States had the highest growth rate of all regions.

Company Overview

Calavo Growers, MISSION PRODUCE, Fresh Del Monte Produce Inc., West Pak Avocado, Inc. and Westfalia Fruit are the five key players in the global Avocado market. These companies have shown consistent growth in revenue, larger volumes of sales and a prominent presence in terms of share in the global Avocado market in the past 5 years.

Calavo Growers, Inc. procures and markets avocados and other perishable foods, and prepares and distributes processed avocado products. The Company delivers a wide array of fresh and processed food products to food distributors, produce wholesalers, supermarkets, and restaurants on a worldwide basis.

Mission Produce, Inc. provides fruit farming services. The Company specializes in producing, distributing, and marketing hass avocados. Mission Produce serves customers worldwide.

Segmentation Overview:

Among different product types, Hass segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Food segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Avocado market covered in Chapter 3:

Aguacates Seleccionados JBR
Westfalia Fruit
Henry Avocado Corporation
Camposol
Fresh Del Monte Produce Inc.
MISSION PRODUCE
West Pak Avocado, Inc.
Costa Group Holdings Ltd
Sociedad Agricola Drokasa
Calavo Growers
Del Rey Avocado Co. Inc.

In Chapter 4 and Chapter 14.2, on the basis of types, the Avocado market from 2018 to 2029 is primarily split into:

Hass
Green Skin
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Avocado market from 2018 to 2029 covers:

Food
Cosmetic
Medical
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)