Avocado Market To Reach $33.90 Billion by 2033

The report “Avocado Market by Flavor (Hass Avocado, Reed, Fuerte, Others), By Form (Raw, Refined Oil, Extra Virgin Oil, Guacamole, Puree, Others), By Application (Food, Retail, Cosmetic, Medical, Other)” is expected to reach USD 33.90 billion by 2033, registering a CAGR of 7.00% from 2026 to 2033, according to a new report by Transpire Insight.

The market for avocados is experiencing stability with regards to consumer demands and health issues. Hass avocados are leading the market because of their heightened shelf life and quality. The Hass variety of avocados has thus become the choice of consumers and a choice for vendors across the world. Their nutritional benefits as a super food contribute to their heightened demand within the enormous markets. Consumers' increasing concerns with healthy living are responsible for their increasing demand as part of their healthy diet of salads, drinks, and dips. The practice of guacamole as a healthy living diet is common in North America and other developed countries but is poised to break into markets within developing Asia as a symbol of luxury.

Avocado is the number one preferred product among the health-conscious audiences all over the world. A daily intake of avocado works wonders for the heart, those people who consume avocados daily have a higher level of HDL, it means good cholesterol, which is very much required for a healthy heart. Avocados also work wonders for a diabetic diet; it is a healthy option for those people who are following a diabetic diet because diabetes is rising at a rapid pace all over the world.

Improvements in supply chain related to “green farming,” cold chain management, and the application of “ripening technology,” and this in turn has resulted in an increase in availability and reduction in wastage. Alongside this, products such as “avocado oil” and “ready-to-eat packs” are increasing the product space. Notwithstanding the difference in price point, consumer fixation and insatiable demand for “avocado” ensures this segment has a guaranteed “fertile ground” for future growth opportunities.

The Hass Avocado segment is projected to witness the highest CAGR in the Avocado Market during the forecast period.

Hass avocado is the most dominant variety in the global avocado market. This dominance is mainly due to its long shelf life, thick skin that reduces damage during transportation, and consistent taste and texture throughout the year. Hass avocados also have higher oil content, making them preferred for fresh consumption, guacamole, and foodservice use, which drives strong demand from retailers and restaurants worldwide.

The Raw segment is projected to witness the highest CAGR in the Avocado Market during the forecast period.

Notably, this dominance is attributed to its usage in households, restaurants, and fruit markets, coupled with a customer preference for whole rather than processed foods. Health consciousness, veganism, and the use of raw avocados in culinary food due to its versatility are additional merits that have supported its market dominance.

The Food segment is projected to witness the highest CAGR in the Avocado Market during the forecast period.

Food is the most dominant application segment in the global avocado market. This is because avocados are widely consumed as fresh fruit and used extensively in meals, salads, spreads, smoothies, and ready-to-eat foods. Growing consumer preference for healthy, plant-based, and nutrient-rich diets has significantly boosted avocado demand in the food and foodservice sectors worldwide.

The North America region is projected to witness the highest CAGR in the Avocado Market during the forecast period.

The driving forces behind North America having the largest share in Avocado market are greatly influenced by rising avocado consumption. It is well known that Avocado consumption in North America has seen rapid growth in the last decades. Indeed, the growing health-conscious trend and development of a trend for "nutritional benefits associated with avocados are two key reasons that explain the popularity of avocados in this region. Consumption of avocado in the US grew sixfold from an annual 436 million pounds to an astonishing 2.7 billion pounds in 2022. Changes toward eating healthier increased avocado consumption significantly in Canada. Due to the great demand for this fruit in the United States and Canada, North America dominated the world market in 2023, with North America accounting for the most significant share. Asia Pacific is growing with the fastest CAGR in the Avocado market because of consumers looking to enhance their diets with healthy eatable products. People refrain from consuming unhealthy and refined products and use their income to buy healthier, organic, and fresh products. This trend has encouraged people to buy avocados at a fast pace in the Asia Pacific. In India, people’s rising interest in avocados with partly health concerns and increasing consumer knowledge about Avocadoes help to augment this market. As per Brazilian statements, the Brazilian government was very appreciative of and agreed with ‘The Japanese government’s decision to authorize Brazilian export of Hass avocados into their country.

Key Players

The top 15 players in the Positron Emission Tomography Market include Calavo Growers, Inc., West Pak Avocado, Inc., Westfalia Fruit, Mission Produce, Inc., EMPACADORA AVEHASS S.A. DE C.V., Aguacates JBR, Propal, Duclos Farms, AustChilli Group, Simpson Farms.

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