Hass Avocado Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Global Hass Avocado Market is segmented by Geography (North America, Europe, Asia-Pacific, South America, and Africa).

Market Snapshot

hass avocado
Study Period: 2016 - 2026
Base Year: 2021
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 4.8 %

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Market Overview

The global Hass avocado market is projected to register a CAGR of 4.8% during the forecast period(2020-2025). Hass avocado is the most popular variety of avocado in the world. In the United States, per capita consumption of avocados, with more than 95 % constituted by Hass avocados, has tripled since the early 2000s, according to the USDA. <Hass avocados, native to Mexico and Central America, are now grown in many countries across the globe. Mexico, Peru, Chile, California, and Colombia are the major avocado producing countries in the world.

Mexico has the largest cultivation area in the world. With an area of 218,000 hectares planted towards the end of 2018, it represents between 55% and 60% of the world's planted surface area of the Hass variety of avocados. Most of the Mexican Hass avocados are grown in the state of Michoacan, and Jalisco in west-central Mexico.

The avocado production is heavily impacted by weather conditions and hence, shows yearly variations. The fluctuations in production lead to high demand and hence price rise.

Scope of the Report

Avocados are a nutrient-dense food that provides relatively many health benefits that include abundant nutrients (vitamins C, B5, B6, E, and K), potassium, folate, protein, and healthy fats. In the report, the market under study is segmented by geography(North America, Europe, Asia Pacific, South America, Africa, and the Middle East). The attributes, such as production, import, export, and consumption trends of products have been evaluated in the report.

Geography
North America
United States
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
Mexico
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
Europe
Spain
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
France
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
United Kingdom
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
Asia-Pacific
China
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
Australia
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
South America
Peru
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
Colombia
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
Chile
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
Africa
South Africa
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
Middle East
Israel
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis

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Key Market Trends

Increasing Awareness of Health Benefits of Hass Avocado

Avocados are a nutrient-dense food that provide relatively many health benefits that include abundant nutrients (vitamins C, B5, B6, E, and K), potassium, folate, protein, and healthy fats. Seven of the nine grams of carbohydrates in a 100-gram serving are fiber, qualifying avocados as a low-carb food.

Avocado has become a favorite ingredient in many dishes(guacamole dip, salads, sandwiches) and is now on the menu of several restaurants across the U.S. The Avocado toast, a humble breakfast that was earlier eaten mainly in California and Australia, now is a trendy and “instagrammable” menu item in many restaurants around the world.

According to the USDA, U.S. demand for avocados has increased steadily over the past two decades. Per capita consumption of avocados has tripled since 2001 to 8 pounds per person in 2018. While the average consumption of avocados in the United States amounted to 2.45 billion pounds per week in 2018.

Global Hass Avocado Market

North America Dominates the Market

Mexico is one of the major producer and exporter of Hass Avocado. The export volume of Hass avocados is facing an increasing trend owing to the increased demand from the neighboring countries as the consumption increases. Similarly, the value of the export is also anticipated to increase during the forecast period. Mexico has the largest cultivation area in the world. With an area of 218,000 hectares planted towards the end of 2018, it represents between 55% and 60% of the world's planted surface area of the Hass variety of avocados.

As per the ITC Trade, in 2019, the United States, Canada, Japan, Spain, and the Netherlands were the major importers of Hass avocados. Among all United Stated and Canada holds a major share of 77.6% and 8.2% of the import from the market. With the increasing domestic as well as international demand, the exports are anticipated to rise at a peripheral rate during the forecast period.

Global Hass Avocado Market

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions & Market definition

    2. 1.2 Studay Deliverables

    3. 1.3 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

    1. 5.1 Geography

      1. 5.1.1 North America

        1. 5.1.1.1 United States

          1. 5.1.1.1.1 Production Analysis

          2. 5.1.1.1.2 Consumption Analysis and Market Value

          3. 5.1.1.1.3 Import Market Analysis (Volume and Value)

          4. 5.1.1.1.4 Export Market Analysis (Volume and Value)

          5. 5.1.1.1.5 Price Trend Analysis

        2. 5.1.1.2 Mexico

          1. 5.1.1.2.1 Production Analysis

          2. 5.1.1.2.2 Consumption Analysis and Market Value

          3. 5.1.1.2.3 Import Market Analysis (Volume and Value)

          4. 5.1.1.2.4 Export Market Analysis (Volume and Value)

          5. 5.1.1.2.5 Price Trend Analysis

      2. 5.1.2 Europe

        1. 5.1.2.1 Spain

          1. 5.1.2.1.1 Production Analysis

          2. 5.1.2.1.2 Consumption Analysis and Market Value

          3. 5.1.2.1.3 Import Market Analysis (Volume and Value)

          4. 5.1.2.1.4 Export Market Analysis (Volume and Value)

          5. 5.1.2.1.5 Price Trend Analysis

        2. 5.1.2.2 France

          1. 5.1.2.2.1 Production Analysis

          2. 5.1.2.2.2 Consumption Analysis and Market Value

          3. 5.1.2.2.3 Import Market Analysis (Volume and Value)

          4. 5.1.2.2.4 Export Market Analysis (Volume and Value)

          5. 5.1.2.2.5 Price Trend Analysis

        3. 5.1.2.3 United Kingdom

          1. 5.1.2.3.1 Production Analysis

          2. 5.1.2.3.2 Consumption Analysis and Market Value

          3. 5.1.2.3.3 Import Market Analysis (Volume and Value)

          4. 5.1.2.3.4 Export Market Analysis (Volume and Value)

          5. 5.1.2.3.5 Price Trend Analysis

      3. 5.1.3 Asia-Pacific

        1. 5.1.3.1 China

          1. 5.1.3.1.1 Production Analysis

          2. 5.1.3.1.2 Consumption Analysis and Market Value

          3. 5.1.3.1.3 Import Market Analysis (Volume and Value)

          4. 5.1.3.1.4 Export Market Analysis (Volume and Value)

          5. 5.1.3.1.5 Price Trend Analysis

        2. 5.1.3.2 Australia

          1. 5.1.3.2.1 Production Analysis

          2. 5.1.3.2.2 Consumption Analysis and Market Value

          3. 5.1.3.2.3 Import Market Analysis (Volume and Value)

          4. 5.1.3.2.4 Export Market Analysis (Volume and Value)

          5. 5.1.3.2.5 Price Trend Analysis

      4. 5.1.4 South America

        1. 5.1.4.1 Peru

          1. 5.1.4.1.1 Production Analysis

          2. 5.1.4.1.2 Consumption Analysis and Market Value

          3. 5.1.4.1.3 Import Market Analysis (Volume and Value)

          4. 5.1.4.1.4 Export Market Analysis (Volume and Value)

          5. 5.1.4.1.5 Price Trend Analysis

        2. 5.1.4.2 Colombia

          1. 5.1.4.2.1 Production Analysis

          2. 5.1.4.2.2 Consumption Analysis and Market Value

          3. 5.1.4.2.3 Import Market Analysis (Volume and Value)

          4. 5.1.4.2.4 Export Market Analysis (Volume and Value)

          5. 5.1.4.2.5 Price Trend Analysis

        3. 5.1.4.3 Chile

          1. 5.1.4.3.1 Production Analysis

          2. 5.1.4.3.2 Consumption Analysis and Market Value

          3. 5.1.4.3.3 Import Market Analysis (Volume and Value)

          4. 5.1.4.3.4 Export Market Analysis (Volume and Value)

          5. 5.1.4.3.5 Price Trend Analysis

      5. 5.1.5 Africa

        1. 5.1.5.1 South Africa

          1. 5.1.5.1.1 Production Analysis

          2. 5.1.5.1.2 Consumption Analysis and Market Value

          3. 5.1.5.1.3 Import Market Analysis (Volume and Value)

          4. 5.1.5.1.4 Export Market Analysis (Volume and Value)

          5. 5.1.5.1.5 Price Trend Analysis

      6. 5.1.6 Middle East

        1. 5.1.6.1 Israel

          1. 5.1.6.1.1 Production Analysis

          2. 5.1.6.1.2 Consumption Analysis and Market Value

          3. 5.1.6.1.3 Import Market Analysis (Volume and Value)

          4. 5.1.6.1.4 Export Market Analysis (Volume and Value)

          5. 5.1.6.1.5 Price Trend Analysis

  6. 6. MARKET OPPORTUNITIES AND FUTURE TRENDS

  7. 7. IMPACT OF COVID-19

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Frequently Asked Questions

The Global Hass Avocado Market market is studied from 2016 - 2026.

The Global Hass Avocado Market is growing at a CAGR of 4.8% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

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