Soaring Demand Set to Propel Avocados Market to $32.05 Billion by 2029

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What Is the Expected CAGR for the Avocados Market Through 2025?
The industry size for avocados has seen a quick expansion in the last few years. Its growth is predicted to escalate from $19.37 billion in 2024 to $21.53 billion in 2025, with a compound annual growth rate (CAGR) of 11.2%. The expansion during the historic period is due to the growing consciousness of health benefits, nutritious and low-calorie nature of the food, a surge in demand for organic products, growth in the baby food sector, and shifting dietary practices.

What's the Projected Size of the Global Avocados Market by 2029?
We can anticipate a swift expansion in the size of the avocados market over the upcoming years, with predictions showing that it will surge to $32.05 billion in 2029, marking a compound annual growth rate (CAGR) of 10.5%. The projected growth is largely due to an emerging preference for online shopping over traditional brick-and-mortar stores for avocado-based products, an inclination towards organic food consumption, and an increase in the popularity of avocado-based snacks and convenience foods. The escalating demand for ready-to-eat and ready-to-cook meals, alongside a growing fascination for exotic fruits and vegetables, is also driving this growth. Key trends set to shape the marketplace include a move towards healthier eating, the sheer versatility of avocados in food and beverage industry, advanced food processing and packaging technology, the expansion of beauty and personal care products infused with avocado, and a burgeoning inclination towards vegan and vegetarian diets.

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Top Growth Drivers in the Avocados Industry: What's Accelerating the Market?
The growth of the avocado market is anticipated to surge owing to the amplified cognizance of its health merits. This increased awareness stems from a rising curiosity in preventive healare, escalating healare expenses, and an enhanced understanding of lifestyle decisions on avoiding chronic diseases. Avocados, abundant in necessary nutrients, such as various vitamins (K, C, E, and B vitamins), minerals (potassium, magnesium, and copper), and dietary fiber, contribute to comprehensive well-being. For instance, in May 2023, as per the International Food Information Council, a non-profit organization based in the USA, the fraction of Americans affirming their adherence to a diet or eating regimen in the previous year escalated to 52% in 2022 from the preceding four-year averages of 39% in 2021 and 43% in 2020. Thus, due to burgeoning awareness of the health benefits, the avocado market is witnessing substantial growth.

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What Trends Will Shape the Avocados Market Through 2029 and Beyond?
Leading firms in the avocado market are utilizing innovative technologies like high-pressure processing (HPP) to cultivate superior quality avocados. HPP technology is a food preservation technique, which subjects packed food items to immense hydrostatic pressure, ranging from 100 to 800 megapascals (MPa), for the elimination of adverse microorganisms and enzymes, thereby maintaining the food's nutritional value, taste, and texture. For example, in October 2023, Halls Fresh Produce, a company located in South Africa, introduced the Naked Avocado. This new produce aims to reduce waste and continuously supplies ripe, ready-to-eat avocados. Packaged with three avocado halves, with skin and pits removed, this product uses high-pressure processing (HPP) technology for extending its refrigerated shelf life to a month.

What Are the Main Segments in the Avocados Market?
The avocados market covered in this report is segmented -

1) By Type: Hass Avocado, Other Types
2) By Form: Fresh, Processed
3) By Application: Food, Cosmetic, Medical, Other Applications
4) By Distribution Channel: Business-To-Business (B2B), Business-To-Consumers (B2C)

Subsegments:
1) By Hass Avocado: Conventional Hass Avocado, Organic Hass Avocado
2) By Other Types: Fuerte Avocado, Bacon Avocado, Pinkerton Avocado, Reed Avocado, Other Avocado Types

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Which Top Companies are Driving Growth in the Avocados Market?
Major companies operating in the avocados market report are Fresh Del Monte Produce Inc.; Calavo Growers Inc.; Mission Produce Inc.; Costa Group; Westfalia Fruit; Emrald Produce Ltd; The Horton Fruit Company; Del Rey Avocado Co. Inc; Oppy; Superior Food Company; Brooks Tropicals Holding, Inc.; Henry Avocado Corporation; AustChilli Group; Simpson Farms; West Pak Avocado Inc.; McDaniel Fruit Co.; Salud Foodgroup Europe B.V.; Duclos Farms; Melissas World Variety Produce Inc.; Shanley Farms; Empacadora Avehass S.A. de C.V.; Greenyard NV; Olivado EPZ Limited; JBR Avocados

Which Regions Will Dominate the Avocados Market Through 2029?
North America was the largest region in the avocados market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the avocados market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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