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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 Regional Analysis
The Asia Pacific is likely to be a major contributor to the rapid growth of the global avocado market share in the coming years. The development of the market in the region can be attributed to several factors, such as the increasing availability of avocados in countries such as India, China, and other countries in the region. Additionally, the ongoing expansion of the middle-class populations in China and India is anticipated to significantly boost the demand for avocados in the coming years.
Exposure to Western eating habits through globalisation and social media has also popularised avocados as dishes like avocado toast and guacamole have gained traction, especially among younger and urban populations. Economic growth has further led to a rising middle class with more disposable income, contributing to a greater demand for diverse and nutritious foods, including avocados.
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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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124