Avocado Market Insights, Current And Future Market Trends & Forecast Till 2027

The GMI Research expects the avocado market to expand at a significant rate. From a regional perspective, the Asia-Pacific is predicted to lead the market due to the strong demand, especially in China, as the middle-class population is rapidly increasing. The drastic shift in the consumer’s preference towards healthy food products is further driving the demand for avocados.

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Avocado Market Dynamics (including market size, share, trends, forecast, growth, and industry analysis)

Key Drivers

The growing awareness among the consumers related to health concerns, along with the rising emphasis on a healthy lifestyle encouraging the intake of healthy food items, are the major factors contributing to the growth of the avocado market size. As per the avocado market report, the increasing usage of avocados across various end-use industries and the growing sales channel of avocados worldwide are some other key drivers surging the growth of the avocado market share in terms of revenue. Avocado contains various vitamins like A, B, C, E, and K, such as 25 other important nutrients. It also consists of phytochemicals, including antioxidants, beta-carotene, lycopene, and beta-sitosterol. Avocado peel has the highest concentration of avocados. Various essential nutrients are present in avocado, which is raising the demand for the fruit globally, thereby fuelling the growth of the avocado market. Avocado is also called heart-healthy super fruit as it consists of high dietary fiber levels and monounsaturated fat. With the increasing use of avocado in salads, guacamole, smoothies, dips, avocado toast, omelets, sandwiches, tacos, salsas, burritos, ice cream, and other desserts, avocado is a new American favorite flavor, which in turn, is one of the emerging avocado market trends that is bolstering the growth of the market. According to the avocado market forecast states that the high cost of the fruit will hamper the market growth.

Nature Segment Drivers

On the basis of nature, the market is segmented into organic and conventional. The organic segment is predicted to increase at a higher CAGR in the upcoming years. Organic avocados help in preventing bad breath due to indigestion or an upset stomach. Avocados are rich in nutrients that prevent oral cancer cells, killing some of them and protecting the pre-cancerous ones from emerging into actual cancers. They are full of monounsaturated fatty acids and are sugarless. They have magnesium, iron, copper, calcium, potassium, and phosphorous and consist of B6, vitamin C, vitamin D, vitamin K, and vitamin A.

Avocado Market’s leading Manufacturers:

  • Henry Avocado Corporation
  • Del Rey Avocado Company, Inc.
  • The Horton Fruit Co., Inc.
  • Fresh Del Monte
  • Superior Foods Companies
  • Brooks Tropicals
  • Salud Foodgroup Europe B.V.
  • Costa Group
  • West Pak Avocado, Inc.

Avocado Market Segmentation:

Segmentation by Nature:

  • Organic
  • Conventional

Segmentation by Form:

  • Raw
  • Processed

Segmentation by End-Use:

  • Food Industry
  • Retail
  • Cosmetic Industry
  • Other

Segmentation by Sales Channel:

  • Direct
  • Indirect

o    Supermarket/Hypermarket

o    Specialty Stores

o    E-Retailers

o    Others

Segmentation by Region:

  • North America

o   United States of America

o   Canada

  • Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

  • Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

  • RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a market research and consulting company that provides syndicated research reports, consulting services, and customized market research reports. Our reports are based on market intelligence studies to ensure relevant and fact-based research across numerous sectors, including healthcare, automotive, information technology & communication, FMCG, and other industries. GMI Research’s deep understanding related to the business environment helps us in generating objective strategic insights. Our research teams consisting of seasoned analysts and researchers have hands-on experience in various regions, including Asia-pacific, Europe, North America, and the Rest of the World. The market research report offers in-depth analysis, which contains refined forecasts, a bird’s eye view of the competitive landscape, factors impacting the market growth, and several other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to help our clients to stay ahead of the curve.

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