Strategic Mergers and Acquisitions Shape the Future of Avocado Market

♦ Global Avocado-Based Products Market Poised for Robust Growth, Projected to Reach $29 Billion by 2030

The global avocado-based products market is experiencing significant growth, driven by increasing consumer demand for healthy and natural food options. According to Maximize Market Research, the market was valued at $19.03 billion in 2023 and is projected to reach nearly $29 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.2% during the forecast period.

This surge is attributed to the rising popularity of avocado-derived products such as oils, spreads, and cosmetics, owing to their health benefits and versatility. The market's expansion is further supported by innovations in product formulations and packaging, catering to the evolving preferences of health-conscious consumers.

♦ Competitive Landscape

The avocado-based products market is characterized by the presence of several key players striving to expand their market share through strategic initiatives. Companies like Calavo Growers, Mission Produce, and Westfalia Fruit Group are focusing on product innovation and expanding their global footprint. Additionally, Fresh Del Monte's recent acquisition of Ugandan avocado-oil producer Avolio marks a significant move to enter the growing avocado-oil market, valued at $1.2 billion and growing 8% to 10% annually.

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♦ Avocado-Based Products Growth in the United States

The United States remains a dominant market for avocado-based products, driven by increasing health awareness and demand for natural food alternatives. The avocado oil market in North America holds a significant share, with a valuation of $610.5 million in 2024 and is expected to reach $886.0 million by 2033, growing at a CAGR of 4.2%.

♦ Consolidation Trends in the U.S. Market

In a notable development, Butterfly Equity, the private equity owner of Chosen Foods, is exploring the sale of the avocado-based food products maker, potentially valuing the company at around $600 million. This move reflects the growing investor interest in the avocado sector, driven by its robust market performance and consumer appeal.

♦ Avocado-Based Products Opportunities in Asia Pacific

The Asia Pacific region is witnessing rapid growth in the avocado-based products market, fueled by rising disposable incomes and a growing preference for healthy food options. The region's market is expected to benefit from increased consumption of avocado-derived products, including oils and spreads, as consumers become more health-conscious.

♦ Recent Developments in Asia Pacific

Companies are expanding their operations in the region to capitalize on the growing demand. For instance, Planasa, a Spanish agricultural company, has announced plans to double its plant production with a new nursery in Mexico, aiming to meet the increasing demand for avocados and related products in the Asia Pacific market.

♦ Avocado-Based Products Trends in the Middle East and Africa

The Middle East and Africa are emerging as promising markets for avocado-based products, driven by increasing health awareness and demand for nutritious food options. The region's market growth is supported by the expansion of avocado cultivation and processing facilities.

♦ Updation in the Middle East and Africa

In a strategic move, Abu Dhabi-owned Unifrutti has acquired AvoAmerica Peru and Bomarea, enhancing its presence in the avocado market and aiming to strengthen food resilience and agricultural growth in the region.

♦ Avocado-Based Products Growth in Europe

Europe is experiencing steady growth in the avocado-based products market, driven by increasing consumer demand for healthy and sustainable food options. The market is benefiting from the rising popularity of plant-based diets and the incorporation of avocado-derived products in various culinary applications.

♦ Consolidation in the European Market

Planasa, a leading Spanish agricultural company, continues to expand its operations across Europe, focusing on the cultivation and distribution of avocados and other fruits. The company's strategic initiatives aim to meet the growing demand for avocado-based products in the European market.

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♦ Breaking Down the Avocado-Based Products Market: Key Segments Shaping the Industry

♦ by Nature

Conventional
Organic

♦ by Form

Raw
Processed
Others

♦ by End User

Retail Consumers
Food and Beverage Industry
Skincare and Personal Care Industry
Others

The market for avocado-based products is divided into several segments based on end users, including retail customers, the food and beverage sector, and the skincare and personal care sector. The majority of avocado end users are retail customers. The retail consumer segment should continue to develop as a result of avocados' rising popularity and health advantages. Another significant avocado market end-user is food and drink. The food and beverage business is expected to grow as a result of consumers' growing desire for wholesome, easily accessible meals. Avocados are more frequently used in personal care and skincare products. The skincare and personal care industry is expected to grow as a result of the growing demand for natural and organic skincare products.

♦ by Distribution Channel

Supermarkets and Hypermarkets
Convenience Stores
Online Retail
Specialty Stores
Foodservice

Supermarkets and hypermarkets, convenience stores, internet retail, specialty shops, and food service are the several distribution channels that make up the avocado-based products market. Avocados are most often distributed through supermarkets and hypermarkets. For customers seeking a quick and easy way to buy avocados, convenience stores are a popular choice. Avocados are increasingly being distributed through online retail. Avocados are sold by a number of internet merchants, including as Amazon, Walmart, and Target. Compared to supermarkets or convenience stores, specialty stores carry a greater selection of avocados.

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♦ Meet the Industry Leaders Revolutionizing the Avocado-Based Products Market

1. The Kraft Heinz Company - United States
2. Calavo Growers, Inc. - United States
3. Yucatan Foods - United States
4. AvoLov - United States
5. The Good Fat Company - United Kingdom
6. GuacAmore - United Kingdom
7. Del Monte Fresh Produce - Netherlands
8. Fresh Avocados - Spain
9. Granada Avocado Company - Spain
10. Nature's Pride - Netherlands
11. Leon - United Kingdom
12. Happy Avocado - Spain
13. Avo Pacific - Australia
14. Sunmoon Food Company- Singapore
15. Karapincha Avocado - Sri Lanka
16. Haas Avocado - New Zealand
17. Fresh Del Monte Produce - United Arab Emirates
18. Saudi Avocado Company - Saudi Arabia
19. Westfalia Fruit - South Africa
20. Green Diamonds - Egypt
21. Gigi Foods - Kenya
22. La Mexicana - Mexico
23. Camposol - Peru
24. Fresh Origins - Chile
25. Fresh Avocados - Argentina
26. Alfafood- Brazil

♦ Uncover Key Insights Answering the Biggest Questions in the Avocado-Based Products Market

What is Avocado-Based Products ?
What is the growth rate of the Avocado-Based Products Market?
Which are the factors expected to drive the Avocado-Based Products market growth?
What is the CAGR at which the Avocado-Based Products market will grow during the forecast period?
What are the different segments of the Avocado-Based Products Market?
Which is the fastest growing region in the Avocado-Based Products market?
What growth strategies are the players considering to increase their presence in Avocado-Based Products ?
What are the upcoming opportunities and trends for the Avocado-Based Products Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Avocado-Based Products Market?
Who are the leading companies and what are their portfolios in Avocado-Based Products Market?
What segments are covered in the Avocado-Based Products Market?
Who are the key players in the Avocado-Based Products market?

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♦ Explore the Revolutionary Products Powering Market Success

Past Size and Competitive Landscape
• Past Pricing and price curve by region
• Size, Share, Size Forecast by different segment
• Dynamics Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Segmentation A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape Profiles of selected key players by region from a strategic perspective

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