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Avocado Market Size, Share & Trends Analysis Report By Form (Fresh, Processed), By Distribution Channel (B2B, B2C), By Region (North America, Europe, Asia Pacific, Central & South America, MEA), And Segment Forecasts, 2022 - 2030

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    Report

  • 130 Pages
  • November 2022
  • Region: Global
  • Grand View Research
  • ID: 5648057
The global avocado market size is expected to reach USD 26.04 billion by 2030, expanding at a CAGR of 7.2% from 2022 to 2030. Increasing focus on a healthy diet and the growing number of buyers of healthy food products are driving the growth of the avocado industry. Moreover, increased awareness about the nutritional values of various food products, a growing middle-income population, and rising import demand are expected to support market growth over the forecast period.

According to an article published by Food Insight in July 2022, 52.1% of consumers believe that nutritional ingredients are important to maintain their health. With this in mind, the demand for avocados has grown significantly.

Manufacturers operating in the global market are closely working with suppliers to eliminate tariff barriers and increase product reach. According to an article published in September 2019 by Wageningen University, a new configuration of the Mexican avocado industry was developed to overcome the barrier and increase exports to the U.S. market and phytosanitary regulations were introduced. Hence, key players in the market can now exceed their product reach, which is expected to support the supply and demand for avocados among consumers.

The processed avocado segment is anticipated to register prominent growth over the forecast period. Avocados can be processed into a guacamole blend, pulp, salsa, and drinks. The consumption of avocados is on the rise globally with the increasing westernization of food patterns and acceptance of different cuisines. For instance, Freshcourt, based in Mexico, established itself as a strong producer among customers around the U.S. and abroad. The company is an established food processor of avocados for over 25 years and offers guacamole in different flavors, prepackaged avocado salads, salsas, and other products.

The rise in demand for avocado for food applications such as spreads, dips, salsa, tacos, salads, sushi, and burritos, as well as for cosmetics such as masks, sheets, and creams, continues to boost the sales of avocados around the world. Many restaurants and chains such as Chipotle create their own guacamole, an avocado-based dip, from scratch, which fuels the growth of the B2B segment. Avocados also present a list of benefits when used in cosmetics that includes it’s being filled with essential fatty acids and a host of essential vitamins, making avocados a one-stop solution to a lot of everyday skincare problems.

Major players in the global avocado industry include a combination of several established players and emerging players. Some of these are Calavo Growers, Inc., West Pak Avocado, Inc., Westfalia Fruit, Mission Produce, Inc., EMPACADORA AVEHASS S.A. DE C.V., Aguacates JBR, Propal, and Duclos Farms.

Avocado Market Report Highlights

  • North America held the largest revenue share in 2021, owing to the growing popularity of food with a longer shelf life. Longer shelf life helps tackle food waste and meet the growing demand for more sustainable food. Hence, promoting the purchase of avocados in the region
  • The processed segment is anticipated to register a faster CAGR in the avocado industry. The need for convenient meals from a work-centric population drives the growth of the processed avocado industry
  • The B2B is anticipated to register a significant growth rate over the forecast period. The increased popularity of processed avocados such as guacamole and salsa among the millennials & Gen-Z population driving the growth of the global market


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Frequently Asked Questions about the Global Avocado Market

What is the estimated value of the Global Avocado Market?

The Global Avocado Market was estimated to be valued at $14.85 Billion in 2022.

What is the growth rate of the Global Avocado Market?

The growth rate of the Global Avocado Market is 7.2%, with an estimated value of $26.04 Billion by 2030.

What is the forecasted size of the Global Avocado Market?

The Global Avocado Market is estimated to be worth $26.04 Billion by 2030.

Who are the key companies in the Global Avocado Market?

Key companies in the Global Avocado Market include Calavo Growers, Inc., West Pak Avocado, Inc., Westfalia Fruit, Mission Produce, Inc., Empacadora Avehass S.A. De C.V., Aguacates Jbr, Propal, Duclos Farms and Austchilli Group.

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Internal Database
1.3.3. Secondary Forms & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Form Outlook
2.3. Distribution Channel Outlook
2.4. Regional Outlook
Chapter 3. Avocado Market Variables, Trends & Scope
3.1. Market Introduction
3.2. Penetration & Growth Prospect Mapping
3.3. Impact of COVID-19 on the Avocado Market
3.4. Industry Value Chain Analysis
3.4.1. Sales/Retail Channel Analysis
3.4.2. Profit Margin Analysis
3.5. Market Dynamics
3.5.1. Market Driver Analysis
3.5.2. Market Restraint Analysis
3.5.3. Industry Challenges
3.5.4. Industry Opportunities
3.6. Business Environment Analysis
3.6.1. Industry Analysis - Porter’s Five Forces
3.6.1.1. Supplier Power
3.6.1.2. Buyer Power
3.6.1.3. Substitution Threat
3.6.1.4. Threat from New Entrant
3.6.1.5. Competitive Rivalry
3.7. Roadmap of Avocado Market
3.8. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis
4.1. Demographic Analysis
4.2. Consumer Trends and Preferences
4.3. Factors Affecting Buying Decision
4.4. Consumer Product Adoption
4.5. Observations & Recommendations
Chapter 5. Avocado Market: Species Estimates & Trend Analysis
5.1. Form Movement Analysis & Market Share, 2021 & 2030
5.2. Fresh
5.2.1. Fresh avocado market estimates and forecast, 2017 - 2030 (USD Million)
5.3. Processed
5.3.1. Processed avocado market estimates and forecast, 2017 - 2030 (USD Million)
Chapter 6. Avocado Market: Form Estimates & Trend Analysis
6.1. Distribution Channel Movement Analysis & Market Share, 2021 & 2030
6.1.1. B2B
6.1.2. Market estimates and forecast through B2B distribution channel, 2017 - 2030 (USD Million)
6.1.3. Processing Industry
6.1.3.1. Market estimates and forecast for processing industry, 2017 - 2030 (USD Million)
6.1.4. Food Service Industry
6.1.4.1. Market estimates and forecast for food service industry, 2017 - 2030 (USD Million)
6.1.5. B2C
6.1.6. Market estimates and forecast through B2C distribution channel, 2017 - 2030 (USD Million)
Chapter 7. Avocado Market: Regional Estimates & Trend Analysis
7.1. Regional Movement Analysis & Market Share, 2021 & 2030
7.2. North America
7.2.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.2.2. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
7.2.3. Market estimates and forecast, by form, 2017 - 2030 (USD Million)
7.2.4. U.S.
7.2.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.2.4.2. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
7.2.4.3. Market estimates and forecast, by form, 2017 - 2030 (USD Million)
7.3. Europe
7.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.3.2. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
7.3.3. Market estimates and forecast, by form, 2017 - 2030 (USD Million)
7.3.4. Germany
7.3.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.3.4.2. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
7.3.4.3. Market estimates and forecast, by form, 2017 - 2030 (USD Million)
7.3.5. U.K.
7.3.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.3.5.2. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
7.3.5.3. Market estimates and forecast, by form, 2017 - 2030 (USD Million)
7.3.6. France
7.3.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.3.6.2. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
7.3.6.3. Market estimates and forecast, by form, 2017 - 2030 (USD Million)
7.4. Asia Pacific
7.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.4.2. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
7.4.3. Market estimates and forecast, by form, 2017 - 2030 (USD Million)
7.4.4. China
7.4.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.4.4.2. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
7.4.4.3. Market estimates and forecast, by form, 2017 - 2030 (USD Million)
7.4.5. Japan
7.4.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.4.5.2. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
7.4.5.3. Market estimates and forecast, by form, 2017 - 2030 (USD Million)
7.4.6. South Korea
7.4.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.4.6.2. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
7.4.6.3. Market estimates and forecast, by form, 2017 - 2030 (USD Million)
7.4.7. Australia & New Zealand
7.4.7.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.4.7.2. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
7.4.7.3. Market estimates and forecast, by form, 2017 - 2030 (USD Million)
7.5. Central & South America
7.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.5.2. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
7.5.3. Market estimates and forecast, by form, 2017 - 2030 (USD Million)
7.5.4. Brazil
7.5.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.5.4.2. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
7.5.4.3. Market estimates and forecast, by form, 2017 - 2030 (USD Million)
7.6. Middle East & Africa
7.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.6.2. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
7.6.3. Market estimates and forecast, by form, 2017 - 2030 (USD Million)
7.6.4. South Africa
7.6.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.6.4.2. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
7.6.4.3. Market estimates and forecast, by form, 2017 - 2030 (USD Million)
Chapter 8. Competitive Analysis
8.1. Key global players, recent developments & their impact on the industry
8.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
8.3. Vendor Landscape
8.3.1. Key company market share analysis, 2021
Chapter 9. Company Profiles
9.1. Calavo Growers, Inc.
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Form Benchmarking
9.1.4. Strategic Initiatives
9.2. West Pak Avocado, Inc.
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Form Benchmarking
9.2.4. Strategic Initiatives
9.3. Westfalia Fruit
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Form Benchmarking
9.3.4. Strategic Initiatives
9.4. Mission Produce, Inc.
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Form Benchmarking
9.4.4. Strategic Initiatives
9.5. EMPACADORA AVEHASS S.A. DE C.V.
9.5.1. Financial Performance
9.5.2. Form Benchmarking
9.5.3. Strategic Initiatives
9.6. Aguacates JBR
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Form Benchmarking
9.6.4. Strategic Initiatives
9.7. Propal
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Form Benchmarking
9.7.4. Strategic Initiatives
9.8. Duclos Farms
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Form Benchmarking
9.8.4. Strategic Initiatives
9.9. Simpson Farms
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Form Benchmarking
9.9.4. Strategic Initiatives
9.10. AustChilli Group
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Form Benchmarking
9.10.4. Strategic Initiatives
List of Tables
1. Avocado market - Key market driver analysis
2. Avocado market - Key market restraint analysis
3. Global avocado market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
4. Global fresh avocado market estimates and forecast, 2017 - 2030 (USD Million)
5. Global processed avocado market estimates and forecast, 2017 - 2030 (USD Million)
6. Global avocado market estimates and forecast through B2B distribution channel, 2017 - 2030 (USD Million)
7. Global avocado market estimates and forecast through processing industry, 2017 - 2030 (USD Million)
8. Global avocado market estimates and forecast through foodservice industry, 2017 - 2030 (USD Million)
9. Global avocado market estimates and forecast through B2C distribution channel, 2017 - 2030 (USD Million)
10. North America avocado market estimates and forecast, 2017 - 2030 (USD Million)
11. North America avocado market revenue estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
12. North America avocado market revenue estimates and forecast by form, 2017 - 2030 (USD Million)
13. U.S. avocado market estimates and forecast, 2017 - 2030 (USD Million)
14. U.S. avocado market revenue estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
15. U.S. avocado market revenue estimates and forecast by form, 2017 - 2030 (USD Million)
16. Europe avocado market estimates and forecast, 2017 - 2030 (USD Million)
17. Europe avocado market revenue estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
18. Europe avocado market revenue estimates and forecast by form, 2017 - 2030 (USD Million)
19. Germany avocado market estimates and forecast, 2017 - 2030 (USD Million)
20. Germany avocado market revenue estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
21. Germany avocado market revenue estimates and forecast by form, 2017 - 2030 (USD Million)
22. U.K. avocado market estimates and forecast, 2017 - 2030 (USD Million)
23. U.K. avocado market revenue estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
24. U.K. avocado market revenue estimates and forecast by form, 2017 - 2030 (USD Million)
25. France avocado market estimates and forecast, 2017 - 2030 (USD Million)
26. France avocado market revenue estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
27. France avocado market revenue estimates and forecast by form, 2017 - 2030 (USD Million)
28. Asia Pacific avocado market estimates and forecast, 2017 - 2030 (USD Million)
29. Asia Pacific avocado market revenue estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
30. Asia Pacific avocado market revenue estimates and forecast by form, 2017 - 2030 (USD Million)
31. China avocado market estimates and forecast, 2017 - 2030 (USD Million)
32. China avocado market revenue estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
33. China avocado market revenue estimates and forecast by form, 2017 - 2030 (USD Million)
34. Japan avocado market estimates and forecast, 2017 - 2030 (USD Million)
35. Japan avocado market revenue estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
36. Japan avocado market revenue estimates and forecast by form, 2017 - 2030 (USD Million)
37. South Korea avocado market estimates and forecast, 2017 - 2030 (USD Million)
38. South Korea avocado market revenue estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
39. South Korea avocado market revenue estimates and forecast by form, 2017 - 2030 (USD Million)
40. Australia & New Zealand avocado market estimates and forecast, 2017 - 2030 (USD Million)
41. Australia & New Zealand avocado market revenue estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
42. Australia & New Zealand avocado market revenue estimates and forecast by form, 2017 - 2030 (USD Million)
43. Central & South America avocado market estimates and forecast, 2017 - 2030 (USD Million)
44. Central & South America avocado market revenue estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
45. Central & South America avocado market revenue estimates and forecast by form, 2017 - 2030 (USD Million)
46. Brazil avocado market estimates and forecast, 2017 - 2030 (USD Million)
47. Brazil avocado market revenue estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
48. Brazil avocado market revenue estimates and forecast by form, 2017 - 2030 (USD Million)
49. Middle East & Africa avocado market estimates and forecast, 2017 - 2030 (USD Million)
50. Middle East & Africa avocado market revenue estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
51. Middle East & Africa avocado market revenue estimates and forecast by form, 2017 - 2030 (USD Million)
52. South Africa avocado market estimates and forecast, 2017 - 2030 (USD Million)
53. South Africa avocado market revenue estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
54. South Africa avocado market revenue estimates and forecast by form, 2017 - 2030 (USD Million)
55. Company categorization
List of Figures
1. Avocado market snapshot
2. Avocado segmentation & scope
3. Avocado market- Penetration & growth prospect mapping
4. Avocado market- Value chain analysis
5. Avocado market: Porter’s Five Forces Analysis
6. Avocado market: Roadmap
7. Factors affecting the buying decision for Avocado market
8. Avocado market: Distribution Channel (%) analysis, 2021 & 2030
9. Avocado market: Form (%) analysis, 2021 & 2030
10. Avocado market: Regional share (%) analysis, 2021 & 2030
11. Key Avocado company market share analysis, 2021

Companies Mentioned

  • Calavo Growers, Inc.
  • West Pak Avocado, Inc.
  • Westfalia Fruit
  • Mission Produce, Inc.
  • Empacadora Avehass S.A. De C.V.
  • Aguacates Jbr
  • Propal
  • Duclos Farms
  • Simpson Farms
  • Austchilli Group

Methodology

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