Avocado Market Growth Statistics, Regional Analysis, Top Players, Size, And Forecast To 2033

"The new report published by The Business Research Company, titled ""Avocado Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the avocado market size has grown strongly in recent years. It will grow from $15 billion in 2023 to $16.24 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. The avocado market size is expected to see strong growth in the next few years. It will grow to $21.55 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%.

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The Growing Influence Of Food And Beverage Industry Driving Avocado Market Growth
The increasing demand from end users such as the food and beverage industry is expected to boost the growth of the avocado market going forward. The food and beverage industry refers to all businesses that handle the processing, packaging, and distribution of uncooked food. Avocados are highly nutritious and versatile and can help improve heart health, digestion, and weight management, incorporating avocados into a healthy diet can provide multiple health benefits and help individuals focus on a healthier lifestyle. For instance, in 2021, according to the Food & Drink Federation, a UK-based organization that represents and advises UK food and drink manufacturers, Scotland registered 1,185 companies that manufacture food and beverages. Further, exports of food and beverages rose by 12% in 2021 to $7.9 billion (£5.9 billion). Additionally, in the same year, food and beverages turnover accounted for $12.5 billion (£10.4 billion), which is 30% of total Scottish manufacturing. Therefore, the increasing demand from end users such as the food and beverage industry is driving the growth of the avocado market.

Unveils Enhanced Avocado Storage, Ripening, And Pan-European Packing Capabilities
The introduction of enhanced storage is a trend in the avocado market. Several new storage facility, with avocado storage and ripening rooms are being developed and implemented in the avocado industry to improve efficiency, reduce waste, and enhance product quality. For instance, in October 2022, Westfalia Fruit France, a France-based food storage and supplier of fresh fruit company, constructed of a new facility in Graveson (Bouches-du-Rhône department in southern France). The new facility, which will feature avocado storage, ripening rooms, and packaging capacity, is set to open in November 2022. The facility will be cutting-edge, allowing Westfalia Fruit France to expand its activities in the region. The advantage of constructing a new site is to secure long-term viability by combining cutting-edge technology and building materials such as thermal insulation, motion detectors in common spaces, and renewable energy.

The avocado market covered in this report 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

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Major companies operating in the avocado market report are Calavo Growers Inc., West Pak Avocado Inc., Westfalia Fruit, Propel Industries, 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, Costa Group Holdings Ltd., Camposol S.A., Hormel Foods Corporation, Yucatan Foods LP, Sabra Dipping Company LLC, Salud Foodgroup Europe BV, Olivado, Spectrum Organic Products LLC, Avogratto, Sesajal S.A. De C.V., Fresh Del Monte, Limoneira, MegaMex Foods LLC, The Village Press .

Contents of the report:
1. Executive Summary
2. Avocado Market Report Structure
3. Avocado Market Trends And Strategies
4. Avocado Market - Macro Economic Scenario
5. Avocado Market Size And Growth
…..
27. Avocado Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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