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Avocado Market

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    Report

  • 116 Pages
  • December 2022
  • Region: Global
  • Polaris Market Research
  • ID: 5724165
The global avocado market size is expected to reach USD 30.22 billion by 2032, according to a new study. The report “Avocado Market Share, Size, Trends, Industry Analysis Report, By Form; By Distribution Channel (B2B, B2C); By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

A growing inclination for health-enhancing foods in developed and emerging nations will likely drive the market over the forecast period. The primary marketing technique for promoting avocado fruits and a wide variety of goods made with avocados is to highlight the fruit’s health benefits. It is a nutritious powerhouse rich in nutrients B, K, C, and E. It is also a high source of potassium, carotenoids, and phytosterols. Due to its many nutritional benefits, avocado is now a common ingredient in many foods. This is a key justification for the steady growth of avocados worldwide.

Collaboration between industry and academia for Avocado’s sustainable and large-scale production has increased its sales across non-growing nations. For instance, in November 2022, researchers at the University of Queensland developed commercially viable tissue culture propagation technology for the Reed avocado rood-stock variant. In the FY 2020-21, Australian sub-content produced around 78,000 tonnes of Avocado, with a market value of USD 563 Mn.

The benefits of avocados for health, including improved digestion, reduced risk of heart disease, and improved vision, are another reason consumption is growing. Additionally, this fruit is gaining popularity in the pharmaceutical and cosmetics industries. Due to its potential medicinal benefits, drug companies and makers of therapeutic products think it might be a vital component in their goods.

For instance, according to a research paper by Albert C. Charles et al. published in July 2022 that the cosmetic uses and proprietary formulations of avocado seed extract are helpful in skin care. Additionally, soap can be made using the lipids found in avocado seed, which take the form of fatty acids. Avocado seed production would be more environmentally friendly, increasing the market’s ability to sustain itself. Avocado seeds can contribute to the growing bio-economy sector for products used in food and cosmetics.

Due to the increased consumer demand for fresh avocados, millennial population is consuming fresh foods & using ready-to-eat, freshly prepared food products, which they perceive as quick versions of homemade meals that save time & work in the kitchen. For instance, In September 2022, Mission Produce announced establishing a cutting-edge ripening, packing, & forward distribution center in Dartford, England, in 2023. The area provides easy access to the world’s busiest ports and transportation systems.

Avocado Market Report Highlights

  • The fresh form will have the most significant revenue share. Due to the increase in demand for raw fruit, multinational corporations are integrating new technologies into their production processes.
  • The B2B segment will dominate the total sales. People choose more nutrient-dense meals at cafes and restaurants due to greater health awareness, particularly among the younger population.
  • In 2022, North America accounted for the highest revenue. The increasing demand for goods in the United States and Canada significantly influenced market growth and expansion.
  • The global players with a worldwide presence include Calavo Growers, West Pak Avocado, Westfalia Fruit, Mission Produce, and Simpson Farms.

The publisher has segmented the Avocado Market report based on form, distribution channel, and region:

Avocado, Form Outlook (Revenue - USD Billion, 2019 - 2032)

  • Fresh
  • Processed

Avocado, Distribution Channel Outlook (Revenue - USD Billion, 2019 - 2032)

  • B2B
  • B2C

Avocado, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

  • North America
  • U.S
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa
Frequently Asked Questions about the Avocado Market

What is the estimated value of the Avocado Market?

The Avocado Market was estimated to be valued at $15.9 billion in 2023.

What is the growth rate of the Avocado Market?

The growth rate of the Avocado Market is 7.4%, with an estimated value of $30.22 billion by 2032.

What is the forecasted size of the Avocado Market?

The Avocado Market is estimated to be worth $30.22 billion by 2032.

Who are the key companies in the Avocado Market?

Key companies in the Avocado Market include Calavo Growers, West Pak Avocado, Westfalia Fruit, Mission Produce, EMPACADORA AVEHASS, Aguacates JBR, Propal, Duclos Farms and Simpson Farms.

Table of Contents

1. Introduction
1.1. Report Description
1.1.1. Objectives of the Study
1.1.2. Market Scope
1.1.3. Assumptions
1.2. Stakeholders

2. Executive Summary
2.1. Market Highlights

3. Research Methodology
3.1. Overview
3.1.1. Data Mining
3.2. Data Sources
3.2.1. Primary Sources
3.2.2. Secondary Sources

4. Global Avocado Market Insights
4.1. Avocado Market - Industry Snapshot
4.2. Avocado Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. Increasing awareness of its health benefits
4.2.1.2. Rising food retail sector
4.2.2. Restraints and Challenges
4.2.2.1. Fluctuating raw material prices
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers (Moderate)
4.3.2. Threats of New Entrants: (Low)
4.3.3. Bargaining Power of Buyers (Moderate)
4.3.4. Threat of Substitute (Moderate)
4.3.5. Rivalry among existing firms (High)
4.4. PESTLE Analysis
4.5. Avocado Industry trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis

5. Global Avocado Market, by Form
5.1. Key Findings
5.2. Introduction
5.2.1. Global Avocado, by Form, 2019-2032 (USD Billion)
5.3. Fresh
5.3.1. Global Avocado Market, by Fresh, by Region, 2019-2032 (USD Billion)
5.4. Processed
5.4.1. Global Avocado Market, by Processed, by Region, 2019-2032 (USD Billion)

6. Global Avocado Market, by Distribution Channel
6.1. Key Findings
6.2. Introduction
6.2.1. Global Avocado Market, by Distribution Channel, 2019-2032 (USD Billion)
6.3. B2B
6.3.1. Global Avocado Market, by B2B, by Region, 2019-2032 (USD Billion)
6.4. B2C
6.4.1. Global Avocado Market, by B2C, by Region, 2019-2032 (USD Billion)

7. Global Avocado Market, by Geography
7.1. Key findings
7.2. Introduction
7.2.1. Avocado Market Assessment, By Geography, 2019-2032 (USD Billion)
7.3. Avocado Market - North America
7.3.1. North America: Avocado Market, by Distribution Channel, 2019-2032 (USD Billion)
7.3.2. North America: Avocado Market, by Form, 2019-2032 (USD Billion)
7.3.3. Avocado Market - U.S.
7.3.3.1. U.S.: Avocado Market, by Distribution Channel, 2019-2032 (USD Billion)
7.3.3.2. U.S.: Avocado Market, by Form, 2019-2032 (USD Billion)
7.3.4. Avocado Market - Canada
7.3.4.1. Canada: Avocado Market, by Distribution Channel, 2019-2032 (USD Billion)
7.3.4.2. Canada: Avocado Market, by Form, 2019-2032 (USD Billion)
7.4. Avocado Market - Europe
7.4.1. Europe: Avocado Market, by Distribution Channel, 2019-2032 (USD Billion)
7.4.2. Europe: Avocado Market, by Form, 2019-2032 (USD Billion)
7.4.3. Avocado Market - UK
7.4.3.1. UK: Avocado Market, by Distribution Channel, 2019-2032 (USD Billion)
7.4.3.2. UK: Avocado Market, by Form, 2019-2032 (USD Billion)
7.4.4. Avocado Market - France
7.4.4.1. France: Avocado Market, by Distribution Channel, 2019-2032 (USD Billion)
7.4.4.2. France: Avocado Market, by Form, 2019-2032 (USD Billion)
7.4.5. Avocado Market - Germany
7.4.5.1. Germany: Avocado Market, by Distribution Channel, 2019-2032 (USD Billion)
7.4.5.2. Germany: Avocado Market, by Form, 2019-2032 (USD Billion)
7.4.6. Avocado Market - Italy
7.4.6.1. Italy: Avocado Market, by Distribution Channel, 2019-2032 (USD Billion)
7.4.6.2. Italy: Avocado Market, by Form, 2019-2032 (USD Billion)
7.4.7. Avocado Market - Spain
7.4.7.1. Spain: Avocado Market, by Distribution Channel, 2019-2032 (USD Billion)
7.4.7.2. Spain: Avocado Market, by Form, 2019-2032 (USD Billion)
7.4.8. Avocado Market - Netherlands
7.4.8.1. Netherlands: Avocado Market, by Distribution Channel, 2019-2032 (USD Billion)
7.4.8.2. Netherlands: Avocado Market, by Form, 2019-2032 (USD Billion)
7.4.9. Avocado Market - Russia
7.4.9.1. Russia: Avocado Market, by Distribution Channel, 2019-2032 (USD Billion)
7.4.9.2. Russia: Avocado Market, by Form, 2019-2032 (USD Billion)
7.5. Avocado Market - Asia Pacific
7.5.1. Asia Pacific: Avocado Market, by Distribution Channel, 2019-2032 (USD Billion)
7.5.2. Asia Pacific: Avocado Market, by Form, 2019-2032 (USD Billion)
7.5.3. Avocado Market - China
7.5.3.1. China: Avocado Market, by Distribution Channel, 2019-2032 (USD Billion)
7.5.3.2. China: Avocado Market, by Form, 2019-2032 (USD Billion)
7.5.4. Avocado Market - India
7.5.4.1. India: Avocado Market, by Distribution Channel, 2019-2032 (USD Billion)
7.5.4.2. India: Avocado Market, by Form, 2019-2032 (USD Billion)
7.5.5. Avocado Market - Malaysia
7.5.5.1. Malaysia: Avocado Market, by Distribution Channel, 2019-2032 (USD Billion)
7.5.5.2. Malaysia: Avocado Market, by Form, 2019-2032 (USD Billion)
7.5.6. Avocado Market - Japan
7.5.6.1. Japan: Avocado Market, by Distribution Channel, 2019-2032 (USD Billion)
7.5.6.2. Japan: Avocado Market, by Form, 2019-2032 (USD Billion)
7.5.7. Avocado Market - Indonesia
7.5.7.1. Indonesia: Avocado Market, by Distribution Channel, 2019-2032 (USD Billion)
7.5.7.2. Indonesia: Avocado Market, by Form, 2019-2032 (USD Billion)
7.5.8. Avocado Market - South Korea
7.5.8.1. South Korea: Avocado Market, by Distribution Channel, 2019-2032 (USD Billion)
7.5.8.2. South Korea: Avocado Market, by Form, 2019-2032 (USD Billion)
7.6. Avocado Market - Middle East & Africa
7.6.1. Middle East & Africa: Avocado Market, by Distribution Channel, 2019-2032 (USD Billion)
7.6.2. Middle East & Africa: Avocado Market, by Form, 2019-2032 (USD Billion)
7.6.3. Avocado Market - Saudi Arabia
7.6.3.1. Saudi Arabia: Avocado Market, by Distribution Channel, 2019-2032 (USD Billion)
7.6.3.2. Saudi Arabia: Avocado Market, by Form, 2019-2032 (USD Billion)
7.6.4. Avocado Market - UAE
7.6.4.1. UAE: Avocado Market, by Distribution Channel, 2019-2032 (USD Billion)
7.6.4.2. UAE: Avocado Market, by Form, 2019-2032 (USD Billion)
7.6.5. Avocado Market - Israel
7.6.5.1. Israel: Avocado Market, by Distribution Channel, 2019-2032 (USD Billion)
7.6.5.2. Israel: Avocado Market, by Form, 2019-2032 (USD Billion)
7.6.6. Avocado Market - South Africa
7.6.6.1. South Africa: Avocado Market, by Distribution Channel, 2019-2032 (USD Billion)
7.6.6.2. South Africa: Avocado Market, by Form, 2019-2032 (USD Billion)
7.7. Avocado Market - Latin America
7.7.1. Latin America: Avocado Market, by Distribution Channel, 2019-2032 (USD Billion)
7.7.2. Latin America: Avocado Market, by Form, 2019-2032 (USD Billion)
7.7.3. Avocado Market - Mexico
7.7.3.1. Mexico: Avocado Market, by Distribution Channel, 2019-2032 (USD Billion)
7.7.3.2. Mexico: Avocado Market, by Form, 2019-2032 (USD Billion)
7.7.4. Avocado Market - Brazil
7.7.4.1. Brazil: Avocado Market, by Distribution Channel, 2019-2032 (USD Billion)
7.7.4.2. Brazil: Avocado Market, by Form, 2019-2032 (USD Billion)
7.7.5. Avocado Market - Argentina
7.7.5.1. Argentina: Avocado Market, by Distribution Channel, 2019-2032 (USD Billion)
7.7.5.2. Argentina: Avocado Market, by Form, 2019-2032 (USD Billion)

8. Competitive Landscape
8.1. Expansion and Acquisition Analysis
8.1.1. Expansion
8.1.2. Acquisitions
8.2. Partnerships/Collaborations/Agreements/Exhibitions

9. Company Profiles
9.1. Calavo Growers
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Benchmarking
9.1.4. Recent Development
9.2. West Pak Avocado
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Benchmarking
9.2.4. Recent Development
9.3. Westfalia Fruit
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Product Benchmarking
9.3.4. Recent Development
9.4. Mission Produce
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Product Benchmarking
9.4.4. Recent Development
9.5. EMPACADORA AVEHASS
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product Benchmarking
9.5.4. Recent Development
9.6. Aguacates JBR
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Product Benchmarking
9.6.4. Recent Development
9.7. Propal
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Product Benchmarking
9.7.4. Recent Development
9.8. Duclos Farms
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Product Benchmarking
9.8.4. Recent Development
9.9. AustChilli Group
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Product Benchmarking
9.9.4. Recent Development
9.10. Simpson Farms
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Product Benchmarking
9.10.4. Recent Development

Companies Mentioned

  • Calavo Growers
  • West Pak Avocado
  • Westfalia Fruit
  • Mission Produce
  • EMPACADORA AVEHASS
  • Aguacates JBR
  • Propal
  • Duclos Farms
  • AustChilli Group
  • Simpson Farms