The global avocado market size is estimated to grow by USD 5.67 billion from 2023 to 2027, according to Technavio. The market is estimated to grow at a CAGR of over 6.58% during the forecast period. North America is estimated to contribute 34% to the growth of the global market.
The Avocado Market report forecasts market growth by revenue at global, regional & country levels from 2017 to 2027.
North America
In the forecast period, North America is expected to contribute 34% to the global market research and growth. The market is driven by factors such as increased health awareness, new product launches, and innovative avocado varieties. In 2022, the US dominated the market, with California being its primary producer. California's extensive avocado cultivation positively impacts both volume and cost efficiency. The North American avocado market is growing due to the rising demand for healthy food products and awareness of healthy lifestyles.
- The US, being the largest market, mainly sources avocados from California, where over 3,000 growers cultivate them on 50,000 acres. This increased production leads to revenue and volume growth. The preference for nutritious snacks, especially among millennials and non-millennials, drives import demand in advanced markets.
- Avocados are widely used in the hospitality industry and adhere to government guidelines, being incorporated into various dishes and used as substitutes for processed foods. However, the loss of plants due to lockdown scenarios and quarantine measures may impact production. Avocados, known for their nutritional value, are considered superfoods and are utilized in innovative products such as sea salt, sea salt lime, and roasted chipotle avocado items.
Market overview
The avocado market shows a significant consumption trend in metric tonnes, especially in its fresh form. Its popularity stems from its nutritional values, making it adaptable for various diets. Software programs play a crucial role in gathering, processing, and organizing raw data related to avocado consumption.
This data is essential for generating business intelligence, aiding in decision-making processes. Additionally, data cleansing ensures the accuracy and reliability of the gathered information. In summary, the avocado market relies on efficient data management systems to understand consumer preferences and market trends, facilitating informed business strategies.
For more information: 
Jesse Maida
Technavio Research
Tel.: US: +1 844 364 1100
Tel.: UK: +44 203 893 3200
Email: media@technavio.com
technavio.com