Avocado Market is growing at a CAGR of 9.80% in the forecast period (2024-2031)

Avocado consumption is rising worldwide as a result of the fruits' favourable effects on digestion, vision, and heart health. Production has increased as a result of rising demand on a global scale. Producing 8.05 million metric tonnes of avocados, up nearly 1 million tonnes, according to FAOSTAT. With a total production area of over 224,422 acres and over 2.3 million tonnes, Mexico is the world's leading producer of avocados. The Dominican Republic, Colombia, Peru, Indonesia, and other tropical nations are among the top producers of avocados. According to a Tetra Pak poll, customers prefer avocado-based snacks that are nutritious (51%), healthy (56%), high in protein (40.8%), and have a high calcium content (41.2%). The global market is anticipated to grow in the next few years due to the rising trend of snacking. The Research report on Avocado Market presents a complete judgment of the market through strategic insights on future trends, growth factors, supplier landscape, demand landscape, Y-o-Y growth rate, CAGR, pricing analysis. It also provides and a lot of business matrices including Porters Five Forces Analysis, PESTLE Analysis, Value Chain Analysis, 4 Ps' Analysis, Market Attractiveness Analysis, BPS Analysis, Ecosystem Analysis. Avocado Market size was valued at USD 16.69 billion in 2022 and is poised to grow from USD 18.33 billion in 2023 to USD 38.71 billion by 2031, growing at a CAGR of 9.80% during the forecast period (2024-2031).

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This Avocado Market report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future. Production and consumption patterns are being carefully compared to forecast the Avocado Market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth. The Avocado Market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. To determine the growth of the Avocado Market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.

Market Segmentation:

Avocado Market is segmented on the basis of form, distribution channels and region.

By form, the market is segmented into fresh and processed.
By distribution channels, the market is segmented into B2B and B2C.
By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Top Players Company Profiles:

Mission Produce Inc. (USA)
Del Rey Avocado Co., Inc. (USA)
Calavo Growers, Inc. (USA)
Westfalia Fruit (South Africa)
The Horton Fruit Company (USA)
Fresh Del Monte Produce Inc. (USA)
Henry Avocado Corporation (USA)
Salud Foodgroup Europe B.V. (Netherlands)
McDaniel Fruit Co. (USA)
Brooks Tropicals Holding, Inc. (USA)
Greenyard NV (Belgium)
Olivado EPZ Limited (Kenya)
Greenrope (South Africa)
Superior Foods Companies (USA)
Dole Food Company, Inc. (USA)
Mt. Kenya Avocado Farms (Kenya)
Eco Farms (USA)
Emerald Produce Limited (Kenya)
Shanley Farms (USA)
The Avocado Company (USA)
Lapis Lazuli (Chile)
Costa Group (Australia)

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Essential regions of the Avocado market are:

• Avocado North America Market includes (Canada, Mexico, USA)
• Avocado Europe Market includes (Germany, France, Great Britain, Italy, Spain, Russia)
• Avocado Asia-Pacific Market includes (China, Japan, India, South Korea, Australia)
• Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa)
• Avocado South America Market includes (Brazil, Argentina)

FAQs: -

1. What are the sales, production, consumption, imports, and exports of the global market (North America, Europe, Asia-Pacific, South America, Middle East, and Africa)?
2. Who are the major manufacturers who dominate the world market?
3. What are their current capacity, production, sales, pricing, cost, gross, and revenue operating levels?
4. What are the market's risks and opportunities?

What's more, it likewise covers the request and give of the promoting research concentrate in the assessed figure time frame. Explained investigation of the market players with their profile, deals examination and serious scene is given in the report. Besides, organization, joint effort and consolidations in the business are referenced for the accommodation of the investigation of the global Avocado industry.

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Objectives of the Study:

• To forecast the market size, in terms of value, for various segments with respect to five main regions, namely, North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA)
• To provide detailed information regarding the major factors influencing the growth of the Market (drivers, restraints, opportunities, and challenges)
• To strategically analyze the micro markets with respect to the individual growth trends, future prospects, and contribution to the total market
• To provide a detailed overview of the value chain and analyze market trends with the Porter's five forces analysis
• To analyze the opportunities in the market for various stakeholders by identifying the high-growth Segments
• To identify the key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing the competitive landscape for the market leaders
• To analyze competitive development such as joint ventures, mergers and acquisitions, new product launches and development, and research and development in the market

Looking ahead, the Avocado Market is poised for continued growth, driven by evolving consumer preferences and ongoing innovations. The trend towards sustainability is expected to strengthen, with more consumers seeking products that align with their values. Additionally, the integration of advanced technologies and digital platforms will likely further enhance market accessibility and consumer engagement. The global Avocado Market is a dynamic and evolving landscape, shaped by a confluence of trends and factors.

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Table of Contents

Global Avocado Market Research Report 2024-2031
Chapter 1 Avocado Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Production, Revenue (Value) by Region
Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Global Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Global Avocado Market Forecast
…

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