Avocado Consumption Market

Global Avocado Consumption Market Size (2024 To 2032)

The size of the global avocado consumption market is expected to be worth USD 10.19 billion in 2024 and grow at a CAGR of 4.83% from 2024 to 2032 to achieve USD 14.86 billion by 2032.

Current Scenario of The Global Avocado Consumption Market

Avocado is a fruit originally cultivated in Mexico and Central America. The avocado tree, also known as Persian Americana, is now widely planted in tropical and Mediterranean climates. It is classified as a flowering plant of the Lauraceae family along with cinnamon, camphor, and laurel. The fruits are also called avocados. Trees are partially self-pollinated and growers often propagate by grafting to maintain fruit quality and quantity. Avocado Consumption Market Trend shows demand in the food industry and is also used in the cosmetics and pharmaceutical industries. Avocado is rich in nutrients such as magnesium, lutein, riboflavin, nicotinic acid, folic acid, pantothenic acid, potassium and omega-3 fatty acids, resulting in increased consumption.

Avocado is an excellent source of vitamins C, E, K and B6 and contains a natural plant sterol called beta-sitosterol. Beta-sitosterol not only helps improve and maintain a healthy heart, but also lowers cholesterol levels. It also contains antioxidants such as zeaxanthin and lutein, and contains folic acid, which helps prevent the accumulation of homocysteine, which helps to benefit the eyes and reduce the risk of depression.

MARKET DRIVERS

Increasing preference for health-promoting foods in developed and developing regions is expected to form a major driver of the avocado market during the forecast period.

The health benefits of avocado fruit are being staged as a key marketing strategy for promoting avocado fruit and a wide range of avocado-based products. As research progresses, Avocado Consumption Market Industry show higher growth rates for processed avocado products. With increasing consumer demand for fresh avocado, the retail sector is expected to occupy a large share of the global avocado market. Millennials are increasingly consuming fresh food and using warm, ready-to-eat meals. These products are recognized as quick versions of homemade meals, saving you cooking time and effort.

In addition, increased awareness of fruit consumption is another important factor driving demand for fruits and vegetables.  Mexican and Pan Latin flavours is becoming more popular and are part of the mainstream food culture. Nearly 73% of US consumers use Mexican food and ingredients, and sales of Hispanic food and beverages are expected to reach $ 10.7 billion in 2021. Avocado is one of the favourite ingredients of Mexican and Hispanic cuisine.

MARKET RESTRAINTS

Manufacturers face problems because fruits are stored in farmer's warehouses and fields, but due to the serious effects of the pandemic, they cannot be shipped to markets or factories for further processing. Owing to the lockdown implemented across various countries, national and international transportation, seriously impacting the supply chain of many industries around the world, thereby increasing the supply–demand gap.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Avocado Consumption Market Analysis By Product

Based on the product, the Avocado Consumption Market share is divided into lotus, greenskin, reed, ruler and so on. The Has segment is expected to boost market growth. Hasuavocado is currently in large quantities due to the low prices produced by different countries. Demand is at fairly normal levels. As a result, the price of hass is very low, almost the same as the price of greenskin.

Global Avocado Consumption Market Analysis By Application

Based on Application, the market is bifurcated into Food, Cosmetic, Medical, And Others. Among all the segments of Avocado Consumption Market industry shows that Food is expected to be the fastest-growing market over the forecast period.

Global Avocado Consumption Market Analysis By Distribution Channel

By distribution channel, the avocado market directly and indirectly. Due to the high retail demand for avocados, the indirect segment will have the largest volume share. Indirect segments are further divided into physical retailers and retailers. Branch-based retail includes hypermarkets / supermarkets, convenience stores, independent small grocery stores, and other branch-based retail businesses.

Global Avocado Consumption Market Analysis By End-use

By end-use, the global avocado market into food and beverage, retail, cosmetics and personal care, and other end-use industries. Sauces, the global avocado market is divided into rabbits, reeds, fuerte and other avocado sauces.

REGIONAL ANALYSIS

Avocado is mainly produced in California, Florida and Hawaii in the United States. California accounts for 95% of US production. California Hass Avocado weighs about 170 grams on average. Durable avocado varieties are grown in the Gainesville area of Florida. Avocado trees cannot tolerate sub-zero temperatures, so they can only be grown in tropical or subtropical climates. Avocado production in the United States is highly sensitive to weather conditions and fluctuates from year to year. There are many varieties of avocado, and hass is the most popular in the United States. Few avocado varieties are cultivated in winter. Avocado consumption is expected to grow steadily as the US population grows. Monthly shipments of avocado to the United States increased 33% in 2021 to set a new record of around USD 404 million.

KEY PLAYERS IN THE GLOBAL AVOCADO CONSUMPTION MARKET

Major Key Players in the Global avocado consumption market are Henry Avocado, West Pak Avocado, Mission Produce, Del Rey Avocado, McDaniel Fruit, Rincon Farms and Others.

RECENT HAPPENINGS IN THE MARKET

• Calavo Growers, Inc. to Purchase Fresh Fruit - Calavo Growers, Inc. (Nasdaq-GS: CVGW), a global avocado industry leader and expanding provider of value-added fresh food, announced today that its Renaissance Food Group (RFG) subsidiary has signed a definitive agreement to purchase SFFI Company, Inc., trading as Simply Fresh Fruit (SFFI).
• Whole Foods Market Honors Del Rey Avocado for Service and Partnership - Del Rey Avocado, Along With 31 Other Brands, Is Honored for Outstanding Quality, Environmental Stewardship, Organic Integrity, Innovation, Purpose, And Partnership.

DETAILED SEGMENTATION OF THE GLOBAL AVOCADO CONSUMPTION MARKET INCLUDED IN THIS REPORT

This research report on the global avocado consumption market has been segmented and sub-segmented based on product, application, distribution channel, end use, and region.

By Product

• Hass
• Green Skin
• Reed
• Lula
• Other

By Application

• Food
• Cosmetic
• Medical
• Others

By Distribution Channel

• Direct Sales
• Indirect Sales

By End-use

• Food and Beverages Industry
• Retail Industry
• Cosmetics and Personal Care
• Others

By Region

• North America
• Europe
• The Asia Pacific
• Latin America
• The Middle East and Africa