The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Growing demand from end users such as the food and beverage industry is likely to encourage innovation in avocado manufacturing, propelling the market during the forecast period.

The global avocado market is expected to grow from $13.81 billion in 2022 to $15 billion in 2023 at a compound annual growth rate (CAGR) of 8.6%. The global avocado market size is expected to reach $19.99 billion in 2027 at a CAGR of 7.5%.

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Global Avocado Market Segments Include:

• By Type: Hass Avocado, Bacon Avocado, Other Types
• By Form: Raw, Processed
• By Nature: Organic, Conventional
• By Distribution Channel: Hypermarkets/Supermarkets, Departmental Stores, Online Channels, Other Distribution Channels
• By End-User: Food And Beverage Industry, Retail, Cosmetics And Personal Care, Other End-User Industries
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global avocado market in 2021.

Major Market Players in the avocado market include Calavo Growers Inc., West Pak Avocado Inc., Westfalia Fruit, Propal, Mission Produce Inc., Empacadora Avehass S.A. de C.V., Aguacates JBR, Duclos Farms, AustChilli Group, Simpson Farms.

In the avocado market, the adoption of new technologies is a hot trend. In order to improve productivity, decrease waste, and improve product quality, several new technologies, such as drones and sensors, are being developed and applied in the avocado sector. Apeel Sciences, a food company based in the United States, launched advanced imaging technology and machine learning in October 2022 to increase visibility into the internal quality and ripeness of avocados, allowing producers and grocery retailers to make better sorting and merchandising decisions, potentially reducing food waste and improving consumer access to ripe and reliable avocados.

The Avocado Global Market Report 2023  provides a avocado market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The avocado market forecast analyzes avocado market size, avocado market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Avocado is a fruit with an oval or pear shape, a green, slightly rough skin, and a large centre seed. It is widely used in cooking, and because it is creamy and high in healthful fats, it is a favourite element in dishes such as salads. Avocados have a high nutritional value and are a rich source of vitamins and minerals.

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