Latest News- Avocado Market: Conventional is expected to lead the Product segment during 2025-2029

The Avocado Market is being driven by Health benefits of avocados

The Avocado Market is expected to grow at a CAGR of 8% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 8017 million. The global avocado market is experiencing significant growth due to the adoption of advanced technologies by key players. Innovations such as Smart Ripe by ILIP Srl, a smart packaging solution for avocados, are extending the shelf life of avocado products by providing real-time information on their ripeness. This technology employs radio-frequency identification (RFID) tags that detect dielectric variations in the fruit pulp, indicating ripeness levels, including firmness, acidity, water content, and sugar content. Additionally, coatings like Naturcover from DECCO IBERICA POST-COSECHA S.A.U. help reduce dehydration losses and maintain fruit firmness while serving as a carrier for fungicides, thereby contributing to market expansion. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Conventional
  • Organic
• Distribution Channel
  • Offline
  • Online
• End-user
  • Food and beverage
  • Retail
  • Cosmetics and personal care
  • Others
• Type
  • Raw
  • Processed
• Geography
  • North America
    • Canada
    • US
  • South America
    • Brazil
    • Argentina
    • Chile
    • Colombia
    • Peru
  • APAC
    • China
    • India
    • Japan
  • Middle East and Africa
  • Europe

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Health benefits of avocados
• Growing preference for plant-based diets
• Strong distribution networks and omnichannel presence of manufacturers of superfoods

However, the market also witnesses some limitations, which are as follows:

• Low popularity of avocado oil
• Effect of climate change and natural calamities
• Stringent regulations on avocados

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Market Scope in Avocado Market Research Report

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Research Analysis Overview

The avocado industry encompasses various aspects, including diverse avocado varieties and cultivars, maturity levels, and quality standards. Yield is maximized through the use of pest control measures, such as fungicides and herbicides, while fertilizers and irrigation ensure optimal growth. Avocado propagation and breeding employ genetics and biotechnology for new cultivar development. Processing results in byproducts and waste management, while sustainability initiatives, traceability, and certifications ensure safety and consumer confidence. Marketing, branding, advertising, and social media promote avocado recipes, dishes, and cuisine culture, driving consumption patterns and tourism. Regulations govern safety, health claims, and labeling.

Market Research Overview

In the agricultural products and services market, the food category is dominated by horticulture, which encompasses the production of fruits, including Hass avocados and organic versus conventional varieties. Pre-production processes in this sector involve strategic crop selection and meticulous land or pond preparation to ensure optimal growing conditions. Additionally, value-added products such as avocado oil are derived from the fruit, while the pit and seed can be utilized for various applications, contributing to the market's comprehensive value chain.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/