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Avocado Market

Avocado Market Size, Share and Segmentation by Type (Hass, Fuerte, Ettinger, Pinkerton), by Application (Food & Hotel, Supplements, Pharma Industry), by Distribution Channel (Retailers, Supermarkets, Others), by Regions and Global Market Forecast 2022-2028

Report Id: SNS/F&B/1516 | May 2022 | Region: Global | 125 Pages

Report Scope & Overview:

The Avocado Market Size was valued at USD 14.5 billion in 2021 and is expected to reach USD 27.19 billion by 2028, and grow at a CAGR of 9.4% over the forecast period 2022-2028.

Avocado is normally tracked down in the warm and heat and humidity of Mexico and Central &South America. It fills in as a rich wellspring of monosaturated fats. It is utilized as a functioning fixing in plates of mixed greens, appetizing dishes, pastries, and milkshakes. It is plentiful in potassium; fiber; and nutrients, for example, A, B, C, E, and K. In addition, avocados contain phytochemicals, for example, beta-carotene, lycopene, beta-sitosterol, and enemies of oxidants. Carotenoids in the avocado capacity as cancer prevention agents to safeguard solid cells in the eyes. Avocados help in lessening cholesterol levels by diminishing the LDL levels and expanding the HDL in the body, which helps in decreasing the gamble of cardiovascular illnesses. Avocado seeds are utilized by producers, as they contain 70% a larger number of cell reinforcements than the avocado leafy foods helping in diminishing the gamble of malignant growth. Development in the market is connected with the utilization of avocado in other industries and increments the business vertical.

Avocado Market Revenue Graph

Avocados contain nutrients A, B, C, E, and K, including 25 fundamental supplements. They additionally contain phytochemicals, similar to beta-sitosterol, and cancer prevention agents, similar to lycopene and beta-carotene. The fundamental supplements are supporting the interest for the organic product worldwide, and subsequently, this goes about as a significant main impetus behind the development of the avocado market. The interest in avocados is expanding internationally because of their medical advantages, as they further develop vision, forestall heart-related illnesses, and assist with further developing processing. The expanded interest across the globe has brought about expanded creation.

Market Dynamics:

Driving Factors:

  • Rising worry of individuals toward quality food propensities.

  • Mindfulness toward the sound way of life.

Restraining Factors:

  • Excessive costs of avocado.

Opportunity:

  • The utilization of avocado in milkshakes, sweets, and other food things has expanded the interest in avocado from lodgings and eateries area.

  • The rising pervasiveness of wellbeing and cardiovascular infections, and expanding cholesterol levels because of the utilization of quick food sources.

Challenges:

  • Quality issues and consistency with European guidelines.

Impact of Covid-19:

The episode of the COVID-19 pandemic has expanded the interest in good food things and organic products and vegetables, as they contain cell reinforcements and increment invulnerability. Makers are dealing with issues as the natural products are lying at the rancher distribution center and field yet can't be moved to the market and industrial facilities for additional handling. Attributable to the lockdown carried out across different nations, public and worldwide vehicles have been hampered, which has essentially affected the store network of various enterprises across the globe, subsequently expanding the stock interest hole. The interest for avocado will increment definitely after the pandemic as individuals will be requesting more solid organic products and vegetables for resistance.

Market Estimations:

Naturally, the worldwide avocado market is portioned into natural and ordinary. The customary section is supposed to rule the worldwide avocado market as far as both worth volumes inferable from its low creation cost and work input. A natural fragment is predicted to encounter similarly more grounded development rates attributable to the fast reception of natural-based food in created areas.

By structure, the worldwide avocado market is bifurcated as crude and handled. The crude fragment is supposed to overwhelm attributable to a higher new avocado interest in retail. The handled portion is additionally grouped into oil, guacamole, puree, and other sub-sections. Oil and guacamole will possess a significant volume portion of the handled avocado section.

By circulation channel, the avocado market is fragmented into immediate and aberrant. The roundabout section will represent the biggest volume share attributable to the appeal of avocado organic products in retail. The aberrant fragment is further sub-sectioned into store-based retailing and e-retailers. The store-based retailing includes hypermarket/general stores, odds and ends shops, free little merchants, and other store-based retailing. By end-use, the worldwide avocado market is divided into the food and refreshment industry, retail, beauty care products and individual consideration, and opposite end-use ventures. The source, the worldwide avocado market is sectioned into Hass, reed, Fuerte, and other avocado sources.

Key Market Segmentation:

By Form:

  • Raw

  • Processed

By Nature:

  • Organic

  • Conventional

By End Use:    

  • Food Industry

  • Retail

  • Cosmetic Industry

  • Other Uses

By Sales Channel:

  • Direct Sales

  • Indirect Sales

  • Modern Trade

  • Convenience Store

  • Specialty Store

  • E-Retailers

  • Other Retail Formats

Avocado Market Segment Chart

Regional Analysis:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

European nations have the most popularity for avocados because of the presence of countless food handling units in Europe and ascend in awareness about wellbeing. European nations have been the biggest shipper of avocado for a couple of years. Rising interest for avocados from the lodgings and eateries in European nations is a central point influencing the interest for avocados.

Asia-Pacific nations, for example, India and China are the most arising economies of the world and have a popularity for good food things because of the rising populace and expanding extra cash of the working-class individuals and rising wellbeing illnesses in these nations.

Key Players:

A portion of the significant organizations working in the worldwide avocado market incorporates McDaniel Fruit Co., Henry Avocado Corporation, Del Rey Avocado Co. Inc., The Horton Fruit Company, Fresh Del Monte Produce Inc., Superior Foods Companies, Brooks Tropicals Holding, Inc., Salud Food group Europe B.V., Costa Group Holdings Limite.

Avocado Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 14.5 Billion
Market Size by 2028 US$ 27.19 Billion
CAGR CAGR 9.4% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • by Type (Hass, Fuerte, Ettinger, Pinkerton)by Application (Food & Hotel, Supplements, Pharma Industry)
• by Distribution Channel (Retailers, Supermarkets, Others)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, +D11UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles incorporates McDaniel Fruit Co., Henry Avocado Corporation, Del Rey Avocado Co. Inc., The Horton Fruit Company, Fresh Del Monte Produce Inc., Superior Foods Companies, Brooks Tropicals Holding, Inc., Salud Food group Europe B.V., Costa Group Holdings Limited
Key Drivers •Rising worry of individuals toward quality food propensities.
•Mindfulness toward the sound way of life.
Market Challenges: •Quality issues and consistency with European guidelines.

 


Frequently Asked Questions (FAQ) :


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 Covid 19 Impact Analysis

4.2 Impact of the Ukraine and Russia war

 

5. Value chain analysis

 

6. Porter’s 5 forces model

 

7. PEST analysis

 

8. Global Avocado Market segmentation, by Form:

8.1 Raw

8.2 Processed

 

9.  Global Avocado Market segmentation, by Nature:

9.1 Organic

9.2 Conventional

 

10.  Global Avocado Market segmentation, by End-Use:   

10.1 Food Industry

10.2 Retail

10.3 Cosmetic Industry

10.4 Other Uses

 

11.  Global Avocado Market segmentation, by Sales Channel:

11.1 Direct Sales

11.2 Indirect Sales

11.2.1 Modern Trade

11.2.2 Convenience Store

11.2.3 Specialty Store

11.2.4 E-Retailers

11.2.5 Other Retail Formats

 

12. Global Avocado Market, by region/ country

12.1 Introduction

12.2 North America

12.2.1 USA

12.2.2 Canada

12.2.3 Mexico

12.3 Europe

12.3.1 Germany

12.3.2 UK

12.3.3 France

12.3.4 Italy

12.3.5 Spain

12.3.6 The Netherlands

12.3.7 Rest of Europe

12.4 Asia-Pacific

12.4.1 Japan

12.4.2 South Korea

12.4.3 China

12.4.4 India

12.4.5 Australia

12.4.6 Rest of Asia-Pacific

12.5 The Middle East & Africa

12.5.1 Israel

12.5.2 UAE

12.5.3 South Africa

12.5.4 Rest

12.6 Latin America

12.6.1 Brazil

12.6.2 Argentina

12.6.3 Rest of Latin America

 

13. Company profiles

13.1 McDaniel Fruit Co.

13.1.1 Financial

13.1.2 Products/ Services Offered

13.1.3 Swot Analysis

13.1.4 The SNS View

13.2 Henry Avocado Corporation

13.3 Del Rey Avocado Co. Inc.

13.4 The Horton Fruit Company

13.5 Fresh Del Monte Produce Inc.

13.6 Superior Foods Companies

13.7 Brooks Tropicals Holding, Inc.

13.8 Salud Foodgroup Europe B.V.

13.9 Costa Group Holdings Limited

 

14. Competitive Landscape

14.1 Competitive Bench Marking

14.2 Market Share Analysis

14.3 Recent Developments

 

15. Conclusio

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

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Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

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