Global Avocado Consumption Market Size By Product, By Application, By Geographic Scope And Forecast

Avocado Consumption Market Size And Forecast

Avocado Consumption Market size was valued at USD 9.27 Billion in 2019 and is projected to reach USD 13.54 Billion by 2027, growing at a CAGR of 4.83% from 2020 to 2027.

Growing awareness among consumers about health concerns coupled with an increasing focus on healthy lifestyles is expected to drive the market growth during the forecast period. The Global Avocado Consumption Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Avocado Consumption Market Definition

Avocado, that creamy green goodness, got its start way back in Mexico and Central America. Now, you'll find the Persea Americana (that's the avocado tree's fancy name) thriving in sunny, tropical and Mediterranean spots all over the globe. It's actually related to cinnamon and bay laurel, can you believe it? Some people even call the fruit an "alligator pear". While avocado trees can pollinate themselves a bit, growers usually use grafting, a kind of plant surgery, to make sure they get the best avocados possible. These days, avocados are super popular, not just for eating, but also in cosmetics and even medicines! And with good reasonthey're packed with good stuff like nutrients, magnesium, lutein, riboflavin, niacin, folate, pantothenic acid, potassium, and heart-healthy omega-3s.

Avocados are a good source of vitamins C, E, K, and B-6 and contain a natural plant sterol called beta-sitosterol. Beta-sitosterol not only helps in improving and maintaining a healthy heart but also lowers cholesterol levels. They also have antioxidants such as zeaxanthin and lutein, which benefit the eyes and help in reducing the risks of depression as they contain folate to prevent the buildup of homocysteine.

Global Avocado Consumption Market Overview

Growing awareness among consumers about health concerns coupled with an increasing focus on healthy lifestyles is expected to drive the market growth during the forecast period. Avocados contain vitamins A, B, C, E, and K, including 25 essential nutrients. It also contains phytochemicals, like beta-sitosterol and antioxidants, like lycopene and beta-carotene. The essential nutrients are increasing the demand for the fruit, globally, and therefore act as a major driving force behind the growth of the Avocado Consumption Market.

In addition, increasing consumption of avocado in the food industry is the other factor that propels market growth. The increasing consumption of avocado in the Asia Pacific can be attributed to the retail sector in the region that holds the maximum share with respect to avocados in the region. The retail end-use segment in the Asia Pacific is expected to lead the region and highly spur the growth of the APAC Avocado Consumption Market. In addition, the APAC Avocado Consumption Market is also influenced by the increasing consumption of avocado in the food industry in the Asia Pacific.

The demand for avocados has been increasing in China, which is directly linked to the increase in imports of avocados into the country. In 2017, China imported 22% more than the previous year. China’s major import of avocados comes from Chile, Mexico, and Peru. The three countries enjoy favorable terms of trade with China. Moreover, the market in China has great potential to grow, but it requires considerable promotion. The restraints, such as the increased costs of the avocado, could become one of the critical hinderers for market growth. Consumption is lagging somewhat despite price pressure on the market.

There are large stocks of avocados on the French market due to the import of Peruvian avocados, which have been arriving on the European market in large quantities in recent weeks. As a result, prices have fallen sharply. Despite promotions in supermarkets, consumption in France is lagging somewhat. After all, during the country’s lockdown, the prices of avocados were expensive, which result in low consumption of the products.

Global Avocado Consumption MarketSegmentation Analysis

The Global Avocado Consumption Market is Segmented on the basis of Product, Application, And Geography.

Avocado Consumption Market, By Product

• Hass• Green Skin• Reed• Lula• Other

Based on Product, The market is bifurcated into Hass, Green Skin, Reed, Lula, And Other. The Hass segment is expected to inflate the market growth. There is currently a great supply of Hass avocados, as different countries are in production at a low price. The demand is at a fairly normal level. As a result, prices for the Hass are quite low and don’t differ much from those of the green skins.

Avocado Consumption Market, By Application

• Food• Cosmetic• Medical• Others

Based on Application, The market is bifurcated into Food, Cosmetic, Medical, And Others. Food is anticipated to become the fastest-growing market in the forecast duration.

Avocado Consumption Market, By Geography

• North America• Europe• Asia Pacific• Rest of the world

On the basis of Geography, The Global Avocado Consumption Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The Avocado Consumption Market in the Asia Pacific is expected to spearhead the growth rate of the global market. The increasing consumption of avocado in the Asia Pacific can be attributed to the retail sector in the region that holds the maximum share with respect to avocados in the region.

Key Players

The “Global Avocado Consumption Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Calavo, Henry Avocado, West Pak Avocado, Mission Produce, Del Rey Avocado, McDaniel Fruit, Rincon Farms. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

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We'll take a good look at the market, diving into both the numbers and the softer stuff – things like how people are behaving and what they're thinking. We'll break down the market into segments and give you the market value (in USD Billion) for each piece. Plus, we'll point out which region and segment we think will grow the fastest and be the biggest. We'll also analyze each region, looking at how much of the product or service is being used and what's influencing the market there. The report includes a deep dive into the competitive scene, showing you how the major players rank and covering recent news like new product launches, partnerships, expansions, and acquisitions from the last five years. You'll get detailed company profiles with overviews, insights, product comparisons, and a SWOT analysis for the big names. We'll also give you our view of where the market is now and where it's headed, considering the latest developments, opportunities, and challenges in both up-and-coming and established regions. Expect an in-depth look at the market from all angles, including a Porter's Five Forces analysis and a peek into the Value Chain. Finally, we'll lay out the market dynamics, growth opportunities in the years ahead, and even throw in 6 months of analyst support after your purchase.

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