Avocado Market Size and Growth Report, 2033

Avocado Market Overview

The Avocado Market size was valued at USD 12612.99 million in 2024 and is expected to reach USD 16891.03 million by 2033, growing at a CAGR of 3.3% from 2025 to 2033.

In 2023, global avocado production reached approximately 10.5 million metric tons, with Mexico leading as the top producer, contributing around 3 million metric tons, accounting for 29% of the total output. Other significant producers include Colombia, the Dominican Republic, Peru, and Indonesia. The United States imported approximately 1.26 million metric tons of avocados in 2023, marking an 11% increase from the previous year, with Mexico supplying 90% of these imports. Per capita consumption in the U.S. has tripled since 2000, reaching over 8 pounds per person by 2021. The Hass avocado variety dominates the market, representing over 80% of the U.S. avocado crop and 95% of California's production. In the Dominican Republic, per capita consumption stands at 56 kg per person, the highest globally. Ethiopia has shown a remarkable growth rate in consumption, with a compound annual growth rate (CAGR) of 25.8% from 2013 to 2023.

Key Findings

Top Driver Reason: Rising health consciousness among consumers leading to increased demand for nutrient-rich foods like avocados.

Top Country/Region: Mexico, as the leading producer, contributing 29% of global avocado production in 2023.

Top Segment: Hass avocado variety, accounting for over 80% of the U.S. avocado crop.

Avocado Market Trends

The avocado market is witnessing several notable trends. The demand for organic avocados is on the rise, with projections indicating that organic avocados will account for more than 20% of the total avocado market by 2025. Innovations in packaging, such as biodegradable and modified atmosphere packaging, are being adopted to extend shelf life and reduce waste. The COVID-19 pandemic accelerated the shift towards online grocery shopping, making e-commerce platforms significant channels for avocado sales. Avocado-based products like oils, spreads, and snacks are gaining popularity, catering to the growing demand for healthy alternatives. In 2023, the U.S. imported 1.26 million metric tons of avocados, an 11% increase from the previous year, with Mexico supplying 90% of these imports. Asia's imports surged by 29% year-on-year in 2023, with China leading the way. Europe's avocado consumption grew by 9% in 2023, although per capita consumption remains lower at 1.6 kg compared to 3.5 kg in the U.S. The introduction of new avocado varieties, such as the Jala avocado in Australia, known for its large size (often weighing 1.2 kg) and extended shelf life, reflects ongoing innovation in the market.

Avocado Market Dynamics

DRIVER

Rising health consciousness among consumers

The increasing awareness of the health benefits associated with avocados, such as their high content of monounsaturated fats, vitamins, and antioxidants, is driving consumer demand. Avocados are recognized for their potential to improve heart health, aid digestion, and provide a good source of antioxidants. This nutritional profile has not only increased avocado consumption among health-conscious consumers but has also spurred innovation in avocado-based products.

RESTRAINT

Environmental concerns related to avocado cultivation

The environmental impact of avocado farming, including deforestation and high water usage, has raised concerns among consumers and advocacy groups. Sustainable farming practices are increasingly being demanded by the market to address these issues. The supply chain is also sensitive to climatic conditions, which can lead to fluctuations in availability and pricing.

OPPORTUNITY

Expansion into new markets and product segments

The growing popularity of avocados presents opportunities for expansion into new markets, particularly in Asia and Latin America, where consumption is poised for growth. The development of avocado-based products, such as avocado oil, spreads, and snacks, caters to the demand for healthy alternatives and opens new avenues for market growth.

CHALLENGE

Price volatility and supply chain disruptions

Prices for avocados can be highly volatile due to supply chain disruptions, changes in demand, and competition from other crops. This volatility can impact both consumers and producers, making it a significant challenge for the market. Additionally, the avocado supply chain is sensitive to climatic conditions, which can lead to fluctuations in availability and pricing.

Avocado Market Segmentation

By Type

Food: The food segment dominates the avocado market, driven by the fruit's versatility and health benefits. In 2024, the market size for avocados in food applications is expected to be approximately 21,080 million USD.
Cosmetic: Avocado-derived ingredients are increasingly used in skincare and haircare products due to their moisturizing and antioxidant properties. In 2024, the market size for avocados in cosmetic applications is projected to be around 774 million USD.
Medical: Avocados contain compounds with anti-inflammatory and antioxidant properties, making them beneficial in medical research and the development of certain pharmaceuticals or dietary supplements. In 2024, the market size for avocados in medical applications is expected to be approximately 573 million USD.
Others: This segment includes applications such as animal feed and industrial uses. In 2024, the market size for avocados in other applications is projected to be around 471 million USD.

By Application

Hass Avocado: The Hass avocado variety is the most commercially popular worldwide, accounting for more than 80% of the U.S. avocado crop and 95% of California's production. Its taste, size, shelf-life, and year-round harvesting make it the preferred choice in the market.
Others: Other avocado varieties, such as the Jala avocado in Australia, are gaining attention for their unique characteristics, including larger size and extended shelf life. These varieties cater to niche markets and offer opportunities for diversification.

Avocado Market Regional Outlook

North America

North America remains the largest market for avocados, with the U.S. importing approximately 1.26 million metric tons in 2023, marking an 11% increase from the previous year. Mexico supplies 90% of these imports. Per capita consumption in the U.S. has tripled since 2000, reaching over 8 pounds per person by 2021. California contributes about 10% of avocados consumed in the U.S., with farmers welcoming Mexican imports to meet growing demand.

Europe

Europe's avocado market is expanding, with consumption growing by 9% in 2023. However, per capita consumption remains lower at 1.6 kg compared to 3.5 kg in the U.S. Europe's reliance on imports is set to grow, given its low self-sufficiency rate. The World Avocado Organization (WAO) is adapting marketing strategies to European eating habits to boost consumption.

Asia-Pacific

Asia's avocado imports surged by 29% year-on-year in 2023, with China leading the way. Opportunities abound in Asia, with untapped markets poised for growth. South American countries, in particular, are ripe for increased consumption, pending promotional and marketing initiatives.

Middle East & Africa

The Middle East and Africa are emerging markets for avocados, with increasing demand driven by rising health consciousness and changing dietary habits. Ethiopia has shown a remarkable growth rate in consumption, with a CAGR of 25.8% from 2013 to 2023. The region presents opportunities for market expansion and investment in avocado cultivation and distribution.

List of Top Avocado Market Companies

Calavo
Mission Produce
Henry Avocado
West Pak Avocado
Del Rey Avocado
Camposol
Simpson Farms
Kenya
McDaniel Fruit
Rincon Farms

Top Two Companies with Highest Market Shares

Calavo Growers: An international consumer goods and farm products company based in Santa Paula, California. Calavo Growers packages and distributes avocados and other fruits, as well as fresh prepared food to restaurants, stores, and individual customers worldwide. The company operates through three divisions: Fresh Products, Calavo Foods, and Renaissance Food Group.
Mission Produce: A major California-based avocado distributor that has invested heavily in new packing facilities, including one in Guatemala, expected to employ hundreds. Mission Produce focuses on the global distribution of avocados and has a significant presence in the market.

Investment Analysis and Opportunities

The avocado market presents numerous investment opportunities across various segments. The growing demand for avocados in food, cosmetic, and medical applications offers avenues for investment in cultivation, processing, and distribution. The expansion into new markets, particularly in Asia and Latin America, provides opportunities for market penetration and growth. Investments in sustainable farming practices and supply chain enhancements can address environmental concerns and reduce supply chain disruptions, thus improving market stability. In 2023, Mexico’s avocado exports totaled nearly 2.9 million metric tons, underscoring the critical role of investment in supply chain infrastructure. Advances in cold chain logistics are enabling longer shelf life and better quality maintenance during transportation, reducing waste and increasing profitability. Furthermore, the rising popularity of avocado-derived products like avocado oil, cosmetic creams, and dietary supplements provides diverse opportunities for investment in product development and marketing. The cosmetic segment alone accounted for a market value estimated at over $770 million in 2024, highlighting potential returns. Strategic partnerships between producers and distributors also enhance market reach, facilitating efficient delivery to emerging markets such as China, where avocado imports surged by 29% in 2023. Investments in technology, including precision agriculture and disease-resistant avocado varieties, are expected to increase yields and reduce crop losses, making avocado farming more viable and profitable. For instance, mechanized harvesting and improved irrigation techniques have increased productivity by 15% in key growing regions in the last five years. Private equity and venture capital interest in the avocado market has increased, with startups focusing on avocado-based snacks, plant-based foods, and sustainable packaging solutions receiving substantial funding rounds in 2023.

New Product Development

Innovation in the avocado market is shaping new consumer experiences and expanding product portfolios. In 2023, avocado oil sales grew by 18%, driven by consumer interest in healthy cooking oils rich in monounsaturated fats and antioxidants. Product development efforts include cold-pressed and organic avocado oils marketed as premium health products. Avocado-based snacks, such as avocado crisps and spreads, have been introduced in several markets. In the U.S., avocado spreads sales increased by 12% in 2023, capturing consumer interest for convenient and nutritious food options. These products often combine avocado with other superfoods, enhancing nutritional profiles. Cosmetic applications are advancing with avocado extract-infused skincare products designed to moisturize and reduce oxidative stress on skin. The global avocado cosmetic segment is expected to cross $774 million in 2024, with product launches emphasizing natural and organic ingredients. The foodservice sector is adopting avocado products in new ways. Restaurants worldwide have incorporated avocado into menus, leading to an increase of 15% in avocado-based dish offerings between 2022 and 2024. Emerging varieties like the Jala avocado, known for its large size and extended shelf life, are facilitating product differentiation. Additionally, innovations in packaging technologies such as modified atmosphere packaging and biodegradable films are extending shelf life by up to 30%, reducing spoilage during shipping and retail display.

Five Recent Developments

Calavo Growers Expansion: In 2023, Calavo opened a new packing facility in Mexico, increasing its packing capacity by 20%, allowing it to handle over 150,000 pounds of avocados daily.
Mission Produce Facility in Guatemala: Mission Produce inaugurated a large-scale avocado packing and distribution center in Guatemala in early 2024, projected to supply over 200,000 metric tons annually to North American and European markets.
Introduction of Jala Avocado: Australian growers launched commercial-scale production of the Jala avocado in 2023, averaging 1.2 kg per fruit and featuring an extended shelf life of up to 40 days post-harvest.
Avocado Oil Market Growth: Sales of avocado oil increased by 18% globally in 2023, driven by rising demand in the food and cosmetic sectors.
Sustainable Packaging Adoption: Major producers adopted biodegradable packaging solutions in 2023, reducing plastic use by 25% in avocado shipments.

Report Coverage of Avocado Market

This report comprehensively covers the global avocado market by detailing production volumes, consumption trends, product segmentation, and regional market analyses. It includes data on leading countries and companies influencing the avocado market landscape. The report dissects market trends, including shifts towards organic and sustainable products, and evaluates technological advancements in cultivation and logistics. Market dynamics such as drivers, restraints, opportunities, and challenges are explored with current numerical insights. Detailed segmentation by type—food, cosmetic, medical, and others—and by application—primarily Hass avocados versus other varieties—provides clarity on market composition. Regional outlook sections highlight consumption and import statistics in North America, Europe, Asia-Pacific, and the Middle East & Africa, offering a granular view of market activity. Key players such as Calavo Growers and Mission Produce are profiled, with emphasis on market share, production capabilities, and expansion strategies. The report also includes analyses on investment trends and opportunities, focusing on sustainable farming, supply chain enhancements, and product innovation. Furthermore, new product development is covered extensively, showcasing emerging products such as avocado oil, snacks, and cosmetic formulations with current market sizes and growth metrics. Recent developments from major companies provide insight into competitive activities and market direction. Finally, the report outlines future opportunities in emerging markets and presents potential risks and challenges, supported by quantitative data and real-world examples. It serves as a valuable resource for investors, producers, distributors, and stakeholders seeking data-driven insights into the avocado market’s evolution.