Avocado Market Size was valued at USD 15.86 billion in 2022 and is expected to reach USD 32.54 billion by 2030, and grow at a CAGR of 9.4% over the forecast period 2023-2030.
Avocado is normally tracked down in the warm and heat and humidity of Mexico and Central &South America. It fills in as a rich wellspring of monosaturated fats. It is utilized as a functioning fixing in plates of mixed greens, appetizing dishes, pastries, and milkshakes. It is plentiful in potassium; fiber; and nutrients, for example, A, B, C, E, and K. In addition, avocados contain phytochemicals, for example, beta-carotene, lycopene, beta-sitosterol, and enemies of oxidants. Carotenoids in the avocado capacity as cancer prevention agents to safeguard solid cells in the eyes. Avocados help in lessening cholesterol levels by diminishing the LDL levels and expanding the HDL in the body, which helps in decreasing the gamble of cardiovascular illnesses. Avocado seeds are utilized by producers, as they contain 70% a larger number of cell reinforcements than the avocado leafy foods helping in diminishing the gamble of malignant growth. Development in the market is connected with the utilization of avocado in other industries and increments the business vertical.
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Avocados contain nutrients A, B, C, E, and K, including 25 fundamental supplements. They additionally contain phytochemicals, similar to beta-sitosterol, and cancer prevention agents, similar to lycopene and beta-carotene. The fundamental supplements are supporting the interest for the organic product worldwide, and subsequently, this goes about as a significant main impetus behind the development of the avocado market. The interest in avocados is expanding internationally because of their medical advantages, as they further develop vision, forestall heart-related illnesses, and assist with further developing processing. The expanded interest across the globe has brought about expanded creation.
Driving Factors:
Rising worry of individuals toward quality food propensities.
Mindfulness toward the sound way of life.
Restraining Factors:
Excessive costs of avocado.
Opportunity:
The utilization of avocado in milkshakes, sweets, and other food things has expanded the interest in avocado from lodgings and eateries area.
The rising pervasiveness of wellbeing and cardiovascular infections, and expanding cholesterol levels because of the utilization of quick food sources.
Challenges:
Quality issues and consistency with European guidelines.
The episode of the COVID-19 pandemic has expanded the interest in good food things and organic products and vegetables, as they contain cell reinforcements and increment invulnerability. Makers are dealing with issues as the natural products are lying at the rancher distribution center and field yet can't be moved to the market and industrial facilities for additional handling. Attributable to the lockdown carried out across different nations, public and worldwide vehicles have been hampered, which has essentially affected the store network of various enterprises across the globe, subsequently expanding the stock interest hole. The interest for avocado will increment definitely after the pandemic as individuals will be requesting more solid organic products and vegetables for resistance.
Naturally, the worldwide avocado market is portioned into natural and ordinary. The customary section is supposed to rule the worldwide avocado market as far as both worth volumes inferable from its low creation cost and work input. A natural fragment is predicted to encounter similarly more grounded development rates attributable to the fast reception of natural-based food in created areas.
By structure, the worldwide avocado market is bifurcated as crude and handled. The crude fragment is supposed to overwhelm attributable to a higher new avocado interest in retail. The handled portion is additionally grouped into oil, guacamole, puree, and other sub-sections. Oil and guacamole will possess a significant volume portion of the handled avocado section.
By circulation channel, the avocado market is fragmented into immediate and aberrant. The roundabout section will represent the biggest volume share attributable to the appeal of avocado organic products in retail. The aberrant fragment is further sub-sectioned into store-based retailing and e-retailers. The store-based retailing includes hypermarket/general stores, odds and ends shops, free little merchants, and other store-based retailing. By end-use, the worldwide avocado market is divided into the food and refreshment industry, retail, beauty care products and individual consideration, and opposite end-use ventures. The source, the worldwide avocado market is sectioned into Hass, reed, Fuerte, and other avocado sources.
By Form:
Raw
Processed
By Nature:
Organic
Conventional
By End Use:
Food Industry
Retail
Cosmetic Industry
Other Uses
By Sales Channel:
Direct Sales
Indirect Sales
Modern Trade
Convenience Store
Specialty Store
E-Retailers
Other Retail Formats
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
European nations have the most popularity for avocados because of the presence of countless food handling units in Europe and ascend in awareness about wellbeing. European nations have been the biggest shipper of avocado for a couple of years. Rising interest for avocados from the lodgings and eateries in European nations is a central point influencing the interest for avocados.
Asia-Pacific nations, for example, India and China are the most arising economies of the world and have a popularity for good food things because of the rising populace and expanding extra cash of the working-class individuals and rising wellbeing illnesses in these nations.
A portion of the significant organizations working in the worldwide avocado market incorporates McDaniel Fruit Co., Henry Avocado Corporation, Del Rey Avocado Co. Inc., The Horton Fruit Company, Fresh Del Monte Produce Inc., Superior Foods Companies, Brooks Tropicals Holding, Inc., Salud Food group Europe B.V., Costa Group Holdings Limite.
Henry Avocado Corporation-Company Financial Analysis
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 15.86 Billion |
| Market Size by 2030 | US$ 32.54 Billion |
| CAGR | CAGR 9.4% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • by Type (Hass, Fuerte, Ettinger, Pinkerton)by Application (Food & Hotel, Supplements, Pharma Industry) • by Distribution Channel (Retailers, Supermarkets, Others) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, +D11UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | incorporates McDaniel Fruit Co., Henry Avocado Corporation, Del Rey Avocado Co. Inc., The Horton Fruit Company, Fresh Del Monte Produce Inc., Superior Foods Companies, Brooks Tropicals Holding, Inc., Salud Food group Europe B.V., Costa Group Holdings Limited |
| Key Drivers | •Rising worry of individuals toward quality food propensities. •Mindfulness toward the sound way of life. |
| Market Challenges: | •Quality issues and consistency with European guidelines. |
The market value is expected to reach USD 32.54 billion in 2030.
The major players in the market are Henry Avocado Corporation, Del Rey Avocado Co. Inc., The Horton Fruit Company, Fresh Del Monte Produce Inc., Superior Foods Companies, Brooks Tropicals Holding, Inc., and others in the final report.
Avocado is a source of vitamins K, E, B6, and C also.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value chain analysis
6. Porter’s 5 forces model
7. PEST analysis
8. Global Avocado Market segmentation, by Form:
8.1 Raw
8.2 Processed
9. Global Avocado Market segmentation, by Nature:
9.1 Organic
9.2 Conventional
10. Global Avocado Market segmentation, by End-Use:
10.1 Food Industry
10.2 Retail
10.3 Cosmetic Industry
10.4 Other Uses
11. Global Avocado Market segmentation, by Sales Channel:
11.1 Direct Sales
11.2 Indirect Sales
11.2.1 Modern Trade
11.2.2 Convenience Store
11.2.3 Specialty Store
11.2.4 E-Retailers
11.2.5 Other Retail Formats
12. Global Avocado Market, by region/ country
12.1 Introduction
12.2 North America
12.2.1 USA
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 France
12.3.4 Italy
12.3.5 Spain
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4 Asia-Pacific
12.4.1 Japan
12.4.2 South Korea
12.4.3 China
12.4.4 India
12.4.5 Australia
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.1 Israel
12.5.2 UAE
12.5.3 South Africa
12.5.4 Rest
12.6 Latin America
12.6.1 Brazil
12.6.2 Argentina
12.6.3 Rest of Latin America
13. Company profiles
13.1 McDaniel Fruit Co.
13.1.1 Financial
13.1.2 Products/ Services Offered
13.1.3 Swot Analysis
13.1.4 The SNS View
13.2 Henry Avocado Corporation
13.3 Del Rey Avocado Co. Inc.
13.4 The Horton Fruit Company
13.5 Fresh Del Monte Produce Inc.
13.6 Superior Foods Companies
13.7 Brooks Tropicals Holding, Inc.
13.8 Salud Foodgroup Europe B.V.
13.9 Costa Group Holdings Limited
14. Competitive Landscape
14.1 Competitive Bench Marking
14.2 Market Share Analysis
14.3 Recent Developments
15. Conclusio
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