An avocado is a fruit originated in Mexico and South and Central America. Avocados contain 25 essential nutrients, including vitamins A, B, C, E, and K. Avocados also contain phytochemicals, such as antioxidants and beta-sitosterol. As avocados are rich in essential nutrients, their demand is growing rapidly worldwide, thus propelling the global avocados market.
Rising population of Hispanic consumers in the U.S. and growth in popularity of diets that include avocados are the major factors anticipated to drive the global avocados market during the forecast period. Globally, avocado sales continue to grow, making them a great fruit in hypermarket and supermarkets.
Avocados offer various health benefits; they contain lutein, which keeps eyes healthy. Additionally, the fruit is a nutrient booster that helps the body to absorb more phytonutrients from other foods. Furthermore, avocados contain beta-sitosteral, which can help maintain healthy cholesterol levels and phytonutrients, carotenoids that can help prevent chronic diseases. Such health benefits offered by avocados are boosting the market worldwide.
Avocados can be eaten and used as a flavoring for ice creams, in quick desserts, salads, and sandwiches. In Taiwan, Vietnam, and Brazil, avocados are majorly used in milkshakes and occasionally added to ice creams. In Indonesia, Jamaica, and Philippines, a dessert drink is made with pureed avocado, milk, and sugar. In Mexico and Central America, avocados are served mixed with white rice. In Chile, they are often used in celery salads, hot dogs, and hamburgers. Therefore, rapidly growing demand from all the above mentioned countries is driving the avocados market.
The most significant factor restraining the growth of the avocados market is the high price of the fruit. Although consumers have been increasingly demanding healthier fruits, the price of the fruit play a vital role in their choice. Consumers usually look for price when purchasing any product.
The global avocados market can be segmented based on type, distribution channel, and region
Based on type, the global avocados market can be classified into A-type and B-type. A-type avocados are further divided into choquette, lula, hass, reed, and others. B-type avocados are categorized into ettinger, sharwil, zutano, brogden, fuerte, and others.
In terms of distribution channel, the global avocados market can be classified into online and offline. Offline distribution channel is further segmented into hypermarkets/supermarkets, fruit stores, and others.
Based on region, the global market can be divided into North America (U.S., Canada, and Rest of North America), Europe (U.K., Germany, France, Italy, and Rest of Europe), Asia Pacific (India, Japan, China, and Rest of Asia Pacific), Middle East & Africa (GCC, South Africa, and Rest of Middle East & Africa), and South America (Brazil and Rest of South America)
Key players operating in the global avocados market include Avocado Corporation, Del Rey Avocado Company, Inc, LemonConcentrate S.L., Greenfruit Avocados, Fresh Del Monte, Westfalia Fruit, Greencell Ltd, Calavo Growers, Inc., and West Pak Avocado, Inc.