Avocado Market Overview 2024-2033 – Competitive Landscape and Strategies

The Avocado by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Avocado, The avocado market size has grown strongly in recent years. It will grow from $15 billion in 2023 to $16.24 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%.  The  growth in the historic period can be attributed to health and nutrition trends, changing dietary preferences, culinary trends, supply chain improvements, globalization of markets..

The avocado market size is expected to see strong growth in the next few years. It will grow to $21.55 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%.  The growth in the forecast period can be attributed to continued health consciousness, diverse culinary applications, sustainable agriculture practices, expanding global production, exploration of new markets.. Major trends in the forecast period include innovative avocado packaging solutions, focus on social and environmental responsibility, diversification in avocado varieties, incorporation of avocado in beauty and personal care products, globalization of avocado consumption..

The increasing demand from end users such as the food and beverage industry is expected to boost the growth of the avocado market going forward. The food and beverage industry refers to all businesses that handle the processing, packaging, and distribution of uncooked food. Avocados are highly nutritious and versatile and can help improve heart health, digestion, and weight management, incorporating avocados into a healthy diet can provide multiple health benefits and help individuals focus on a healthier lifestyle. For instance, in 2021, according to the Food & Drink Federation, a UK-based organization that represents and advises UK food and drink manufacturers, Scotland registered 1,185 companies that manufacture food and beverages. Further, exports of food and beverages rose by 12% in 2021 to $7.9 billion (£5.9 billion). Additionally, in the same year, food and beverages turnover accounted for $12.5 billion (£10.4 billion), which is 30% of total Scottish manufacturing. Therefore, the increasing demand from end users such as the food and beverage industry is driving the growth of the avocado market.

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The avocado market covered in this report is segmented –

1) By Type: Hass Avocado, Bacon Avocado, Other Types
2) By Form: Raw, Processed
3) By Nature: Organic, Conventional
4) By Distribution Channel: Hypermarkets/Supermarkets, Departmental Stores, Online Channels, Other Distribution Channels
5) By End-User: Food And Beverage Industry, Retail, Cosmetics And Personal Care, Other End-User Industries

The introduction of enhanced storage is a trend in the avocado market. Several new storage facility, with avocado storage and ripening rooms are being developed and implemented in the avocado industry to improve efficiency, reduce waste, and enhance product quality. For instance, in October 2022, Westfalia Fruit France, a France-based food storage and supplier of fresh fruit company, constructed of a new facility in Graveson (Bouches-du-Rhône department in southern France). The new facility, which will feature avocado storage, ripening rooms, and packaging capacity, is set to open in November 2022. The facility will be cutting-edge, allowing Westfalia Fruit France to expand its activities in the region. The advantage of constructing a new site is to secure long-term viability by combining cutting-edge technology and building materials such as thermal insulation, motion detectors in common spaces, and renewable energy.

The avocado market report table of contents includes:

1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis

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