Global Fresh Avocado Market Size, Trends, and Growth Opportunity, By Form (Raw, processed), By Distribution Channel (Retail Store, Specialty Store, Online), By Region (North America, Europe, Asia Pacific, Latin America, Middle East) and forecast till 2030

Global Fresh Avocado Market Size, Trends, and Growth Opportunity, By Form (Raw, processed), By Distribution Channel (Retail Store, Specialty Store, Online), By Region (North America, Europe, Asia Pacific, Latin America, Middle East) and forecast till 2030.

Global Fresh Avocado Market

The global Fresh Avocado market was valued at USD 16.70 Billion in 2022 and is expected to expand to USD 30.21 Billion in 2030 at a CAGR of 6.40% during the forecast period 2023- 2030.

A fruit that has high nutrition, bright green with a large pit, and dark leathery skin is called an Avocado. It is also called alligator pears.

Market Drivers

One of the major factors that drive the market growth is rising popularity amongst the millennial population as Avocado is measured a perfect food for teenagers on account of its rich content and composition as a healthy snack.

Additionally, growing the retail food business united with the rising product launches of avocado-based products like dips in fast food retailing giants is boosting the market growth.

Market Restraints

The major restraining factor that hampers that market growth is the extensive avocado farming as in Mexico it is triggering water shortages, biodiversity, and even earthquakes which causing environmental havoc. Also, a surge in avocado prices because of the increasing popularity of avocados, and there has been a growing demand over the past few years.

Market Segmentation

The global Fresh Avocado market is segmented based on Form, Distribution Channel, and region. On the basis of Form, it is segmented into Raw, and processed. Based on Distribution Channels, it is segmented into Retail Stores, Specialty Stores, and online. Based on region, it is segmented into North America, Europe, Asia Pacific, Latin America, Middle East & Africa.

Regional Analysis

North America is expected to dominate the global market owing to the existence of key players coupled with the rising number of product launches in this region and increasing awareness about the health benefit of avocados.

Asia Pacific region is also likely to witness substantial growth as the rising popularity of Western cuisine in main cities in China and its demand in the region’s culinary sector. Also, the continued progress of the middle-class population of China and India.

Key Players

Various key players are listed in this report such as Calavo Growers, Inc., West Pak Avocado, Inc., Westfalia Fruit, Mission Produce, Inc., EMPACADORA AVEHASS S.A. DE C.V., Aguacates JBR, Propal, Duclos Farms, AustChilli Group, Simpson Farms.

Industry development

In May 2020, SAN FRANCISCO-based company The Naked Market introduced AvoCrazy, a new plant-based avocado puff snack that is gluten-free, vegan, and non-GMO.

In February 2020, McCormick & Co launched Avocado-flavored mayonnaise and buffalo ranch barbecue sauce to cater to the growing demand.

In October 2022, Westfalia Fruit France announced the construction of a new facility in Graveson, in the Provence area of the south of France. The state-of-the-art facility will have avocado storage and ripening rooms, as well as packing capability to support Westfalia’s pan-Europe operations.

In May 2022, West Pak Avocado, Inc. announced the official launch of the Party Pak of avocados. This bag of jumbo fruit transitions with every season, featuring a new look and a reason to celebrate the goodness of avocados. Festive seasonal packing highlights recipes on the grab-and-go bag.

Market Taxonomy

By Form

• Raw,
• Processed

By Distribution Channel

• Retail Store
• Specialty Store
• Online

By Region

• North America
• The U.S.
• Canada
• Mexico
• Latin America
• Brazil
• Argentina
• Colombia
• Peru
• Chile
• Venezuela
• Rest of Latin America
• Europe
• Germany
• France
• UK
• Russia
• Italy
• Spain
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• South Korea
• Australia
• New Zealand
• Singapore
• Malaysia
• Rest of Asia Pacific
• Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest the Middle East & Africa

Key Question Addressed by the Report

· What are the Key Opportunities in the Global Fresh Avocado Market?

· What will be the growth rate from 2023 to 2030?

· Which segment/region will have the highest growth?

· What are the factors that will impact/drive the Market?

· What is the role of key players in the value chain?