Avocado Market 2024-2033 : Industry Analysis, Size, Share, Growth And Forecast | Calavo Growers Inc., West Pak Avocado Inc., Westfalia Fruit, Propel Industries, Mission Produce Inc

"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..

Market Overview -
Avocado is an oval or pear-shaped fruit with a green, slightly bumpy skin and a large central seed. It is commonly used in cooking and is creamy and rich in healthy fats, making it a popular ingredient in dishes like salads. Avocados are also known for their high nutritional value and are a good source of vitamins and minerals.

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The Growing Influence Of Food And Beverage Industry Driving Avocado Market Growth
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.

Competitive Landscape -
Major companies operating in the avocado market report are Calavo Growers Inc., West Pak Avocado Inc., Westfalia Fruit, Propel Industries, Mission Produce Inc., Empacadora Avehass S.A. de C.V., Aguacates JBR, Duclos Farms, AustChilli Group, Simpson Farms, McDaniel Fruit Co., Henry Avocado Corporation, Del Rey Avocado Co. Inc., Brooks Tropicals LLC, Melissas World Variety Produce Inc., Oppy, Costa Group Holdings Ltd., Camposol S.A., Hormel Foods Corporation, Yucatan Foods LP, Sabra Dipping Company LLC, Salud Foodgroup Europe BV, Olivado, Spectrum Organic Products LLC, Avogratto, Sesajal S.A. De C.V., Fresh Del Monte, Limoneira, MegaMex Foods LLC, The Village Press .

Unveils Enhanced Avocado Storage, Ripening, And Pan-European Packing Capabilities
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.

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Key Segments -
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

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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