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Market Overview
The global consumption of avocado was USD 9.29 billion in 2018, with a CAGR of 5.03%. Avocados contain vitamins A, B, C, E, and K, including 25 essential nutrients. It also contains phytochemicals, like beta-sitosterol and antioxidants, like lycopene and beta-carotene. The essential nutrients are increasing the demand for the fruit, globally, and therefore acts as a major driving force behind the growth of the avocado market.
Scope of the Report
Avocados contain vitamins A, B, C, E, and K, including 25 essential nutrients. Avocado peel contains the maximum concentration of avocados. The market studied for this report consists of avocados traded both domestically and internationally. It does not include processed products manufactured using avocado.
Key Market Trends
Increasing Demand for Avocados in China
The demand for avocado has been increasing in China, which is directly linked to the increase in imports of avocados into the country. In 2017, China imported 22% more than the previous year. China’s major import of avocados comes from Chile, Mexico, and Peru. The three countries enjoy favorable terms of trade with China. Moreover, the market in China has great potential to grow, but it requires considerable promotion.
The United States Avocado Market
Avocado is mainly produced in California, Florida, and Hawaii in the United States. California accounts for 95% of the production in the United States. The California Hass avocado on an average weighs about six ounces (170 grams). Cold-hardy varieties of avocado are grown in the Gainesville region of Florida. These can be grown only in tropical or sub-tropical climates, as avocado trees cannot tolerate freezing temperatures. The avocado production in the United States is heavily impacted by weather conditions and hence, shows yearly variations. Avocado has a large number of varieties, and Hass is the most popular one available in the United States. Few varieties of avocados are also grown during the winter season.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- Report customization as per the client's requirements
- 3 months of analyst support
The global consumption of avocado was USD 9.29 billion in 2018, with a CAGR of 5.03%. Avocados contain vitamins A, B, C, E, and K, including 25 essential nutrients. It also contains phytochemicals, like beta-sitosterol and antioxidants, like lycopene and beta-carotene. The essential nutrients are increasing the demand for the fruit, globally, and therefore acts as a major driving force behind the growth of the avocado market.
Scope of the Report
Avocados contain vitamins A, B, C, E, and K, including 25 essential nutrients. Avocado peel contains the maximum concentration of avocados. The market studied for this report consists of avocados traded both domestically and internationally. It does not include processed products manufactured using avocado.
Key Market Trends
Increasing Demand for Avocados in China
The demand for avocado has been increasing in China, which is directly linked to the increase in imports of avocados into the country. In 2017, China imported 22% more than the previous year. China’s major import of avocados comes from Chile, Mexico, and Peru. The three countries enjoy favorable terms of trade with China. Moreover, the market in China has great potential to grow, but it requires considerable promotion.
The United States Avocado Market
Avocado is mainly produced in California, Florida, and Hawaii in the United States. California accounts for 95% of the production in the United States. The California Hass avocado on an average weighs about six ounces (170 grams). Cold-hardy varieties of avocado are grown in the Gainesville region of Florida. These can be grown only in tropical or sub-tropical climates, as avocado trees cannot tolerate freezing temperatures. The avocado production in the United States is heavily impacted by weather conditions and hence, shows yearly variations. Avocado has a large number of varieties, and Hass is the most popular one available in the United States. Few varieties of avocados are also grown during the winter season.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- Report customization as per the client's requirements
- 3 months of analyst support
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
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- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
