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Report Overview
The global avocado market value reached USD 18.14 billion in 2023. The market is further expected to grow at a CAGR of 9.2% in the forecast period of 2024-2032 to reach a value of about USD 40.18 billion.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Avocado Market Share
Processed technology is driving the growth of the avocado industry by offering key advantages over fresh avocado distribution. The longer shelf life of processed products, such as avocado oil, frozen guacamole, and ready-to-eat avocado spreads, enables wider global reach, reducing the perishability concerns associated with fresh avocados. Value-added products, like avocado-based oils and snacks, open new revenue channels in sectors like cosmetics, health, and food, where they command premium prices due to their health benefits and versatility. Moreover, processing helps minimize waste, as imperfect avocados that may not meet the aesthetic standards for fresh sale can still be utilized effectively in processed forms, maximising yield, and profitability. This reduces financial loss for producers and contributes to more sustainable avocado farming practices, further results in driving the growth of the avocado market.
Eyewear Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global avocado market attained a value of nearly USD 18.14 billion.
The market is projected to grow at a CAGR of 9.2% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032, reaching a value of around USD 40.18 billion by 2032.
The market is being driven by the rising emphasis on healthier and more nutritious foods and advancements in science and technology supporting the global trade of avocados.
The growing popularity of avocado-based cosmetic products and the increasing demand for exotic fruits around the world are supporting the expansion of the market.
The market is broken down into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
Based on application, the market is segmented into households, horeca, pharmaceutical, and others.
The competitive landscape consists of Mission Produce, Inc., Calavo Growers, Inc., Simpson Farms Pty Ltd., West Pak Avocado, Inc., Westfalia Fruit (Pty) Ltd., EMPACADORA AVEHASS S.A. DE C.V, AustChilli Pty Ltd., Del Rey Avocado Company, Inc., Aguacates JBR, and Duclos Farms, among others.
By form, the market is divided into fresh and processed.
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