Global Avocado Market Competitive Landscape, Top Market Segments, And Fastest Growing Regions
2 Jun, 2023
The global avocado market size is expected to grow from $13.81 billion in 2022 to $15 billion in 2023 at a compound annual growth rate (CAGR) of 8.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global avocado market size is expected to reach $19.99 billion in 2027 at a CAGR of 7.5%.
Global Avocado Market Key Driver
The avocado market is predicted to rise in the future due to increased demand from end users such as the food and beverage industries. The food and beverage industry encompasses all enterprises involved in the processing, packaging, and distribution of raw food. Avocados are a very nutritious and flexible food that can help improve heart health, digestion, and weight management. Incorporating avocados into a healthy diet can bring numerous health benefits and help individuals focus on a healthier lifestyle.
Get a sample of the global avocado market reportGlobal Avocado Market Segments
The global avocado market is segmented:
1) By Type: Hass Avocado, Bacon Avocado, Other Types
2) By Form: Raw, Processed
3) By Nature: Organic, Conventional
4) By Distribution Channel: Hypermarkets/Supermarkets, Departmental Stores, Online Channels, Other Distribution Channels
5) By End-User: Food And Beverage Industry, Retail, Cosmetics And Personal Care, Other End-User Industries
6) By Geography: The regions covered in the avocado market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest share in the global avocado market.
Major Avocado Industry Players
Calavo Growers Inc., West Pak Avocado Inc., Westfalia Fruit, Propal, Mission Produce Inc., Empacadora Avehass S.A. de C.V., Aguacates JBR, Duclos Farms, AustChilli Group, Simpson Farms, McDaniel Fruit Co., Henry Avocado Corporation, Del Rey Avocado Co. Inc., Brooks Tropicals LLC, Melissas World Variety Produce Inc., Oppy
Get the full global avocado market reportAvocado Market Overview
Avocado is an oval or pear-shaped fruit with a green, slightly bumpy skin and a large central seed. It is commonly used in cooking and is creamy and rich in healthy fats, making it a popular ingredient in dishes like salads. Avocados are also known for their high nutritional value and are a good source of vitamins and minerals.
Avocado Global Market Report 2023 provides data on the global avocado market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The avocado market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.