Avocado Market Projected Growth Rate Through 2023-2032

 

The Avocado Global Market Report 2023, provides comprehensive information on the avocado market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

 

 

 

Learn More On The Avocado Market’s Growth:

https://www.thebusinessresearchcompany.com/report/avocado-global-market-report

 

As per The Business Research Company’s Avocado Global Market Report 2023, the global avocado market size is expected to grow from $13.81 billion in 2022 to $15 billion in 2023 at a compound annual growth rate (CAGR) of 8.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global avocado market size is expected to reach $19.99 billion in 2027 at a CAGR of 7.5%.

 

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The introduction of new technologies is a popular trend in the avocado market. Several new technologies, such as drones and sensors, are being developed and implemented in the avocado industry to improve efficiency, reduce waste, and enhance product quality. For instance, in October 2022, Apeel Sciences, a US-based food company, launched advanced imaging technology and machine learning to increase visibility into the internal quality and ripeness of avocados, allowing producers and grocery retailers to make better sorting, merchandising decisions, potentially reducing food waste and enhancing consumer access to ripe and reliable avocados.

 

The avocado market 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

 

North America was the largest region in the avocado market in 2022.

 

The table of contents in TBRC’s avocado market report 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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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.

 

 

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