Avocado Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Avocado Market includes Production Analysis (Volume), Consumption Analysis (Volume and Value), trade in-terms of Import Analysis (Volume and Value) and Export Analysis (Volume and Value), and Price Trend Analysis. The market is segmented by Geography (North America, Europe, Asia-Pacific, South America, and Africa).

Market Snapshot

Avocado Market Overview
Study Period: 2016- 2026
Base Year: 2020
CAGR: 6 %
Avocado Market Key Players

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Market Overview

The global avocado market is projected to register a CAGR of 6.0% during the forecast period 2021-2026.

Amid an extraordinarily rapid decline in global economic activity and international transport, world supply and demand for avocado have experienced COVID-19-related disruptions and contractions through several channels of transmission. On the supply side, the adverse effects of the physical distancing measures have tended to be more immediate for the relatively labor-intensive production and trade of avocado. Given their high perishability, avocados require timely and well-coordinated harvesting and post-harvest handling, as well as uninterrupted cold chains. Delays in supply chains are particularly troublesome for avocados due to the occurrence of shrinkage in transport during the lockdown, which not only affected product quality but also reduced the weight and value of shipments received by importing countries.

Avocados contain vitamins A, B, C, E, and K, including 25 essential nutrients. It also contains phytochemicals, like beta-sitosterol and antioxidants, like lycopene and beta-carotene. The essential nutrients are increasing the demand for the fruit, globally, and therefore acts as a major driving force behind the growth of the avocado market. The demand for avocados is increasing globally due to their health benefits as it increases vision, prevents heart-related diseases, and helps in improving digestion. The increased demand across the globe has resulted in increased production. According to FAOSTAT, avocado production was 5.7 million metric ton in 2016, which has increased by 12.7% and reached 7.1 million metric ton in 2019. 

Scope of the Report

Avocado is a bright green fruit with a large pit and dark leathery skin, also known as alligator pears or butter fruit. It is a large berry kind fruit with a single seed, classified as a member of the flowering plant family Lauraceae. Avocado Market includes Production Analysis (Volume), Consumption Analysis (Volume and Value), trade in-terms of Import Analysis (Volume and Value) and Export Analysis (Volume and Value), and Price Trend Analysis. The market is segmented by Geography (North America, Europe, Asia-Pacific, South America, and Africa).

Geography
North America
United States
Canada
Mexico
Europe
France
Turkey
Netherland
Spain
Asia-Pacific
China
Indonesia
Japan
Australia
South America
Brazil
Colombia
Chile
Peru
Africa
South Africa
Kenya

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Key Market Trends

Rising demand for avocado

The seasonal demand and increasing awareness of the avocado’s health benefits are resulting in the increase of the demand. The growing consciousness among the consumer’s regarding health which can be met by avocado, as a superfood rich in omega and other multi-nutrient quality has helped to drive the avocado market worldwide. The avocado is one of the most nutrient-dense foods available. The fruit is rich in fiber, folate, potassium, vitamin E, and magnesium. Moreover, the expanding food retail business coupled with the growing product launches of avocado-based products such as dips in fast food retailing giants and also increase demand for avocado usage in continental cuisines and other cuisines by restaurant chains is further anticipated to boost the demand for avocados over the forecast period.

Avocado Market Key Trends

United States is Dominating the Market

Avocado is mainly produced in California, Florida, and Hawaii in the United States. California accounts for 95.0% of the production in the United States. The California Hass avocado on average weighs about six ounces (170 grams). Cold-hardy varieties of avocado are grown in the Gainesville region of Florida. These can be grown only in tropical or sub-tropical climates, as avocado trees cannot tolerate freezing temperatures. The avocado production in the United States is heavily impacted by weather conditions and hence, shows yearly variations. Avocado has a large number of varieties, and Hass is the most popular one available in the United States. Few varieties of avocados are also grown during the winter season. Avocado consumption will keep increasing steadily with the rise of the American population in the USA.

Avocado Market Growth by Region

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Value Chain Analysis

  5. 5. MARKET SEGMENTATION (Production Analysis, Consumption Analysis by Value and Volume, Import Analysis by Value and Volume, Export Analysis by Value and Volume and Price Trend Analysis)

    1. 5.1 Geography

      1. 5.1.1 North America

        1. 5.1.1.1 United States

        2. 5.1.1.2 Canada

        3. 5.1.1.3 Mexico

      2. 5.1.2 Europe

        1. 5.1.2.1 France

        2. 5.1.2.2 Turkey

        3. 5.1.2.3 Netherland

        4. 5.1.2.4 Spain

      3. 5.1.3 Asia-Pacific

        1. 5.1.3.1 China

        2. 5.1.3.2 Indonesia

        3. 5.1.3.3 Japan

        4. 5.1.3.4 Australia

      4. 5.1.4 South America

        1. 5.1.4.1 Brazil

        2. 5.1.4.2 Colombia

        3. 5.1.4.3 Chile

        4. 5.1.4.4 Peru

      5. 5.1.5 Africa

        1. 5.1.5.1 South Africa

        2. 5.1.5.2 Kenya

  6. 6. MARKET OPPORTUNITIES AND FUTURE TRENDS

  7. 7. AN ASSESSMENT OF THE IMPACT OF COVID-19

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Frequently Asked Questions

The Avocado Market market is studied from 2016 - 2026.

The Avocado Market is growing at a CAGR of 6% over the next 5 years.

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