The Global Avocado Market was Worth $9.29 Billion in 2018 and is Forecast to Grow at a CAGR of 5.03% During 2019-2024 - ResearchAndMarkets.com

The global consumption of avocado was USD 9.29 billion in 2018, with a CAGR of 5.03%.

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Wednesday, June 12, 2019
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Natural Resources, Agriculture, Retail, Food, Beverage, Plants, Avocado, Hawaiian cuisine, Persea, Tropical agriculture, Hass avocado, Hass, Avocado production in Mexico, Sphaceloma perseae
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Summary
Key Points: 
  • The global consumption of avocado was USD 9.29 billion in 2018, with a CAGR of 5.03%.
  • 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.
  • The demand for avocado has been increasing in China, which is directly linked to the increase in imports of avocados into the country.
  • Avocado has a large number of varieties, and Hass is the most popular one available in the United States.


The "Avocado
Market - Growth, Trends, and Forecast (2019-2024)" report has
been added to ResearchAndMarkets.com's offering.

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.

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.

Key Topics Covered

1 INTRODUCTION

1.1 Study Deliverables

1.2 Study Assumptions

1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Introduction to Market Drivers and Restraints

4.3 Market Drivers

4.4 Market Restraints

4.5 Industry Attractiveness - Porter's Five Forces Analysis

5 MARKET SEGMENTATION

5.1 Geography

5.1.1 North America

5.1.1.1 US

5.1.1.1.1 Production Analysis

5.1.1.1.2 Consumption Analysis and Market Value

5.1.1.1.3 Import Market Analysis (Volume and Value)

5.1.1.1.4 Export Market Analysis (Volume and Value)

5.1.1.1.5 Price Trend Analysis

5.1.1.2 Mexico

5.1.2 Europe

5.1.3 Asia-Pacific

5.1.4 South America

5.1.5 Africa

5.2 Procurement Reference Matrix

6 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/9iphdt

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