The Global Avocado Market is anticipated to increase at a CAGR of 6.2% throughout the assessment period, from a value slightly below US$ 13 Bn in 2017 to around US$ 23 Bn by the end of the assessment year (2027).Persistence Market Research predicts that during the projected period of 2017–2027, the worldwide avocado market will exhibit a sizable market share and a rapid growth rate. Since 2012, the global avocado market has been growing.
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Avocado production is thought to be most profitable in Latin America. In the upcoming years, the area is anticipated to exhibit significant market attractiveness and to dominate the global avocado market. The avocado industry in Latin America was predicted to be worth roughly US$ 5400 Mn in 2017 and is anticipated to reach US$ 9 Bn by 2022. The avocado market in Latin America has seen a 1.7x increase in market revenue, and growth is expected to continue at a 5.5% value CAGR.
Latin America avocado market is largely fuelled owing to high contribution from Mexico, Dominican Republic and Colombia. Mexico is the largest among these three and is estimated to touch a value of over US$ 3 Bn by 2027 end. Dominican Republic is the second most attractive region in Latin America. On the other hand, Guatemala avocado market is projected to expand at the highest CAGR during the forecast period.
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Companies
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- 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 Holdings, Inc.
- Salud Foodgroup Europe B.V.
- Costa Group Holdings Ltd
- West Pak Avocado, Inc.
- Spectrum Organics Products, LLC
- Sesajal S.A de C.V.
- Dipasa USA, Inc.
- Cibaria International
- Calpure Foods Inc.
- AvoHealth
- Olivado USA
- Storino’s Quality Products
- Avohass
- La Tourangelle
- Others
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Avocado market in North America and Asia Pacific regions is expected to showcase strong growth rate in the coming years. Comparatively, North America is estimated to reflect a higher market share in the avocado market. It is expected to register a significant growth rate during the forecast period to touch a noteworthy market valuation.
Asia Pacific avocado market is projected to expand at a relatively higher value CAGR of 7.5% throughout the period of assessment, 2017-2027. However, according to this research report, avocado market in Asia Pacific is anticipated to reach a value of about US$ 4 Bn by 2027 end whereas, the North America avocado market is expected to reflect an estimate a bit over US$ 5 Bn by 2027 end.
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