Authored By: Sarah
11 Nov 2023

Avocado Market to witness revenue growth of USD 5.67 Bn | Brooks Tropicals LLC, Calavo Growers Inc., and Costa Group Holdings Ltd. are among significant contributors

Competitive Benchmarking and  Forecasts core companies  2023-2027

According to estimates, the Avocado Market would develop at a compound annual growth rate (CAGR) of 6.58% between 2022 and 2027, generating a revenue rise of USD 5.67 billion. The market for avocados is expanding due to the health benefits of avocados. They are a good source of vitamins C, E, K, and B-6. They are also rich in nutrients, including riboflavin, niacin, folate, pantothenic acid, magnesium, potassium, lutein, and omega-3 fatty acids, which improve digestion, keep the digestive tract functioning normally, lower the risk of colon cancer, and enhance eye health. As a result, throughout the projected period, the market will rise due to the numerous health benefits linked to avocado intake.

In order to provide growth estimates and insights, the market's growth trajectory is traced through a thorough study of the dominant market forces, trends, and drivers. The study also provides a thorough insight into the major industry participants and their product lineups. Through this market analysis, organizations will be able to plan and establish the course for potential future growth. Unlock  Sample  Report

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Snapshot of Avocado Market Analysis 

Key Market Players and their Key Offerings: When it comes to the key market placers in the market landscape some of the examples comprise.

  • Brooks Tropicals LLC  offers avocado products such as SlimCado It's a tropical avocado that naturally has up to half the fat and a third fewer calories than the Hass avocado.
  •  Calavo Growers Inc. offers avocado products such as organic avocados.
  •  Costa Group Holdings Ltd. offers avocados under the brand name Lovacado.

Some of the prominent names comprise Del Monte Foods Inc., Del Rey Avocado Co. Inc., Fresca Group Ltd., Greenyard NV, Henry Avocado Corp., Index Fresh Inc., JBR Avocados, McDaniel Fruit Co., Melissas World Variety Produce Inc., etc. Our report includes qualitative and quantitative analyses of market leaders with a wider understanding of the business ecosystem. 

Pipeline analysis of impending innovations and growth prospects is included in Technavio's research report, which also offers insights into the leading industry competitors and their product lineup. Market participants must differentiate their product and service offerings with a distinct and well-defined value proposition in order to sustain their relative growth. Obtain a detailed copy of the report synopsis on Avocado Market

Avocado Market: Market Highlights

  • The Avocado market is segmented by Product (Conventional and Organic), Distribution Channel (Offline and Online), and Geography (North America, South America, APAC, Middle East and Africa, and Europe).
  • North America led the market with 34% of the market growth set to originate from this region during the forecast period.
  • The health benefits of avocados are one of the primary factors driving the growth of the avocado market. The report provides a detailed study of this and all the other drivers that will boost market growth. An understanding of the key drivers will enable clients to leverage growth opportunities to their advantage with a view to short-term and long-term business goals. 
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