The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

 

As per The Business Research Company’s Avocados Global Market Report 2024, the avocados market is expected to show significant growth in the forecast period.

 

The avocados market has experienced robust growth in recent years, driven by increasing awareness of health benefits and changing dietary habits.

 

Market Size and Growth Trends

• Historic Growth: The market grew from $17.66 billion in 2023 to $19.37 billion in 2024, with a CAGR of 9.7%.
• Forecasted Growth: Expected to reach $28.15 billion by 2028, growing at a CAGR of 9.8%.

 

Key Drivers of Market Expansion

The historic and forecasted growth can be attributed to:

• Increased Awareness of Health Benefits
• Demand for Nutritious and Low-Calorie Foods
• Rising Demand for Organic Goods
• Growth in the Infant Food Segment
• Changing Dietary Habits

 

View More On The Avocados Market Report 2024 – https://www.thebusinessresearchcompany.com/report/avocados-global-market-report

 

Future Growth Factors

The avocados market is expected to continue its strong growth, driven by several factors.

Evolving Consumer Preferences

• Shift to eCommerce Platforms for Avocado-Based Products
• Rising Adoption of Organic Food Products
• Increase in Avocado-Based Snacks and Convenience Foods
• Growing Demand for Ready-to-Eat and Ready-to-Cook Food Products
• Increasing Demand for Exotic Fruits and Vegetables

 

Major Trends Shaping the Market

• Trend Towards Healthier Eating Habits
• Versatility in Food and Beverage Applications
• Technological Advancements in Food Processing and Packaging
• Expansion of Avocado-Based Beauty and Personal Care Products
• Increasing Trend of Veganism and Vegetarianism

 

Health Consciousness Driving Market Growth

Increasing awareness of health benefits is a key driver of the avocado market’s growth.

Nutritional Benefits

• Essential Nutrients: Packed with vitamins (K, C, E, B), minerals (potassium, magnesium, copper), and dietary fiber.
• Health and Well-being: Contributes to overall health and prevents chronic diseases.

Rising Health Awareness

• Preventive Healthcare: Growing interest in preventive healthcare due to rising healthcare costs.
• Dietary Changes: Increase in diet adherence from 39% in 2021 to 52% in 2022 among Americans, as reported by the International Food Information Council.

 

Leading Companies in the Avocados Market

Major companies operating in the avocados market include:

• Fresh Del Monte Produce Inc.
• Calavo Growers Inc.
• Mission Produce Inc.
• Costa Group
• Westfalia Fruit
• Emrald Produce Ltd.
• The Horton Fruit Company
• Del Rey Avocado Co. Inc.
• Oppy
• Superior Food Company
• Brooks Tropicals Holding, Inc.
• Henry Avocado Corporation
• AustChilli Group
• Simpson Farms
• West Pak Avocado Inc.

 

Technological Advancements with High-Pressure Processing (HPP) Technology

Innovative technologies like High-Pressure Processing (HPP) are transforming the avocado market.

Benefits of HPP Technology

• Food Preservation: Uses high hydrostatic pressure to inactivate harmful microorganisms and enzymes.
• Nutritional Quality: Preserves the nutritional quality, flavor, and texture of avocados.
• Extended Shelf Life: Increases refrigerated shelf life.

Example of Innovation

• Naked Avocado by Halls Fresh Produce: Launched in October 2023, it offers pre-prepared avocado halves, utilizing HPP technology to extend shelf life to one month.

 

Strategic Acquisitions in the Avocado Market

Unifrutti Group’s Acquisition

In March 2024, Unifrutti Group acquired Bomarea and AvoAmerica Peru to strengthen its presence in Peru’s fruit market.

• Enhanced Footprint: Bolsters Unifrutti’s footprint in Peru.
• Diverse Fruit Selection: Enhances selection with high-quality blueberries and avocados.

 

Market Segmentation and Regional Insights

Market Segmentation

The avocados market is segmented by:

• Type: Hass Avocado, Other Types
• Form: Fresh, Processed
• Application: Food, Cosmetic, Medical, Other Applications
• Distribution Channel: Business-To-Business (B2B), Business-To-Consumers (B2C)

 

Regional Insights

• North America: The largest region in the avocados market in 2023.
• Asia-Pacific: Expected to be the fastest-growing region in the forecast period.

 

Conclusion
The avocados market is poised for continued strong growth, driven by health consciousness, technological advancements, and strategic acquisitions. As consumer preferences evolve towards healthier eating and convenience, the market will see significant opportunities for expansion and innovation.

 

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https://www.thebusinessresearchcompany.com/sample_request?id=15132&type=smp

 

The Avocados Global Market Report 2024  provides an in-depth analysis on the avocados market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the avocados market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

 

View More Related Reports –
Natural Fibers Global Market Report 2024
Nutraceuticals Global Market Report 2024
Plant-Based Food Global Market Report 2024

 

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