Global Avocado Market: Increasingly Popular Trend Of Healthy Eating Promote The Market Growth

Pome Fruits And Stone Fruits November 13, 2018
World - Avocados - Market Analysis, Forecast, Size, Trends and Insights

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IndexBox has just published a new report "World - Avocados - Market Analysis, Forecast, Size, Trends and Insights". Here is a summary of the report’s key findings.

Avocado Consumption Is Growing Globally

The avocado is a very nutritious product that is rich with calories, vitamins, and minerals. Its popularity is growing with the help of the media and the spread of vegan and vegetarian eating habits. Its consumption is increasing worldwide but has been particularly active in the USA and South America, where avocados are a traditional and essential part of the local diet.

Global avocado consumption totaled X tonnes in 2017, increasing by X% against the previous year. In general, the total consumption figure indicated a remarkable increase from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. Based on 2017 figures, avocado consumption increased by +X% against 2008 indices. The pace of growth was the most pronounced in 2009, when it surged by X% y-o-y, as the global economy was settling down after the 2008 crisis. In 2014, consumption growth increased by X percentage points, mostly as a result of the stabilization in prices following the 2013 price rise. Global avocado consumption peaked in 2017, and is likely to see steady growth in the near future.

Global avocado market revenue amounted to $X in 2017 (IndexBox estimates), a rise of X% against the previous year. Overall, avocado consumption continues to indicate a remarkable expansion. Mexico and the Dominican Republic have seen consumption increase steadily since the end of 2015. The growth met soaring prices since 2015 due to shortages in supply both in Mexico and the USA, which resulted in rocketing market revenues, by X%, and X% in 2016 and 2017, respectively. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price).

Mexico and the USA  Are The Leaders Of Avocado Consumption

The countries with the highest volumes of avocado consumption in 2017 were Mexico (X tonnes), the U.S. (X tonnes), and the Dominican Republic (X tonnes), together accounting for X% of global consumption. Mexico and the USA share even proportions of the global market and therefore largely determine the direction of market fluctuations. While Mexico has traditionally had a developed habit of avocado consumption, the US has been experiencing some phenomenal growth in per capita consumption over the past X years. Since X the per head consumption has quadrupled, and it keeps rising. Despite the 2016 slowdown, the market has been demonstrating a strong growth of +X% per year, on average, since 2007. Such a strong dynamic can mostly be attributed to the media hype concerning this product and the fact that it is often prescribed for people with digestion problems.

Indonesia, Colombia, Peru, Brazil, China, Rwanda, Kenya, France and Canada, which together accounted for a further X%, accounted for a smaller share of global consumption.

From 2007 to 2017, the most notable rate of growth in terms of avocado consumption, amongst the main consuming countries, was attained by the Dominican Republic (+X% per year). The Dominicans consume around X% of the locally produced avocado crop, and the growing population, together with the currently stabilizing economic environment,  have supported local market growth.

The volume of Chinese (+X%) avocado consumption has been expanding too, and is expected to assume a considerably larger share in the medium-to-long term.

Avocado Consumption Is Expected To Accelerate  

Driven by increasing demand for avocado worldwide, the market is expected to continue an upward consumption trend over the next eight years. In the short term, the pattern would be driven mostly by increases in population and the disposable income of the middle and upper class in the top consuming countries – the USA, Mexico, and others. Avocados are indeed price elastic if compared to other goods, which might give rise to threats over the future implications of currently growing retail prices. However, this is potentially rather a short-lived phenomenon, as new suppliers, such as Peru (+X%) and the Dominican Republic (+X%), are currently expanding at double-digit rates and are actively sourcing unsaturated export markets. Therefore, the current surging demand is expected to be met by supplies originating mainly from South American countries including Mexico – the largest producer.

The increasingly widespread trend of healthy eating in developing countries would, nonetheless, determine the medium and long-term prospects of the product. In China, consumption volumes are growing at a fast and stable pace, and this market is unsaturated, which implies a substantial export capacity in this region. Moreover, local Chinese warehouses are not in line with international standards, which is why the quality of imported vegetables with a poor shelf life – it is two weeks for avocados – is not the most tempting for a consumer. As soon as this problem is resolved efficiently, the attractiveness of avocados as a product for the Chinese middle class, which is expanding and getting richer, would be enhanced. 

The relative economic stabilization in South American countries, such as Peru and the Dominican Republic, is also expected to exert a positive effect in terms of market expansion. Therefore, market performance is forecast to accelerate, expanding with an anticipated CAGR of +X% for the period from 2017 to 2025, which is projected to bring the market volume to X tonnes by the end of 2025.

Do you want to know more about the global avocado market? Get the latest trends and insight from our report. It includes a wide range of statistics on 

  • avocado market share
  • avocado prices
  • avocado industry
  • avocado sales
  • avocado import
  • avocado export
  • avocado market forecast
  • avocado price forecast
  • key avocado producers

Source: World - Avocados - Market Analysis, Forecast, Size, Trends and Insights

Product coverage:
FCL 572 - Avocados.

This report provides an in-depth analysis of the global avocado market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.

Country coverage: Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries (United States, China, Japan, Germany, United Kingdom, France, Brazil, Italy, Russian Federation, India, Canada, Australia, Republic of Korea, Spain, Mexico, Indonesia, Netherlands, Turkey, Saudi Arabia, Switzerland, Sweden, Nigeria, Poland, Belgium, Argentina, Norway, Austria, Thailand, United Arab Emirates, Colombia, Denmark, South Africa, Malaysia, Israel, Singapore, Egypt, Philippines, Finland, Chile, Ireland, Pakistan, Greece, Portugal, Kazakhstan, Algeria, Czech Republic, Qatar, Peru, Romania, Vietnam) + the largest producing countries.

Data coverage:
• Market volume and value;
• Per Capita consumption;
• Forecast of the market dynamics in the medium term;
• Production, split by region and country;
• Trade (exports and imports);
• Export and import prices;
• Market trends, drivers and restraints;
• Key market players and their profiles.

Reasons to buy this report:
• Take advantage of the latest data;
• Find deeper insights into current market developments;
• Discover vital success factors affecting the market.

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues

1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
1.1 REPORT DESCRIPTION
1.2 RESEARCH METHODOLOGY AND AI PLATFORM
1.3 DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4 GLOSSARY AND SPECIFIC TERMS

2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
2.1 KEY FINDINGS
2.2 MARKET TRENDS

3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
3.1 MARKET SIZE
3.2 CONSUMPTION BY COUNTRY
3.3 MARKET FORECAST TO 2025

4. MOST PROMISING PRODUCTS
Finding New Products to Diversify Your Business
NOTE: THIS CHAPTER IS AVAILABLE ONLY FOR PROFESSIONAL EDITION
4.1 TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2 BEST-SELLING PRODUCTS
4.3 MOST CONSUMED PRODUCT
4.4 MOST TRADED PRODUCT
4.5 MOST PROFITABLE PRODUCT FOR EXPORT

5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
NOTE: THIS CHAPTER IS AVAILABLE ONLY FOR PROFESSIONAL EDITION
5.1 TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2 TOP PRODUCING COUNTRIES
5.3 COUNTRIES WITH TOP YIELDS
5.4 TOP EXPORTING COUNTRIES
5.5 LOW-COST EXPORTING COUNTRIES

6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
NOTE: THIS CHAPTER IS AVAILABLE ONLY FOR PROFESSIONAL EDITION
6.1 TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2 TOP CONSUMING MARKETS
6.3 UNSATURATED MARKETS
6.4 TOP IMPORTING MARKETS
6.5 MOST PROFITABLE MARKETS

7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
7.1 PRODUCTION VOLUME AND VALUE
7.2 PRODUCTION BY COUNTRY
7.3 HARVESTED AREA AND YIELD BY COUNTRY

8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
8.1 IMPORTS FROM 2007–2017
8.2 IMPORTS BY COUNTRY
8.3 IMPORT PRICES BY COUNTRY

9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
9.1 EXPORTS FROM 2007–2017
9.2 EXPORTS BY COUNTRY
9.3 EXPORT PRICES BY COUNTRY

10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
NOTE: THIS CHAPTER IS AVAILABLE ONLY FOR PROFESSIONAL EDITION

11. COUNTRY PROFILES
The Largest Markets And Their Profiles
NOTE: THIS CHAPTER IS AVAILABLE ONLY FOR PROFESSIONAL EDITION
United States
China
Japan
Germany
United Kingdom
France
Brazil
Italy
Russian Federation
India
Canada
Australia
Republic of Korea
Spain
Mexico
Indonesia
Netherlands
Turkey
Saudi Arabia
Switzerland
Sweden
Nigeria
Poland
Belgium
Argentina
Norway
Austria
Thailand
United Arab Emirates
Colombia
Denmark
South Africa
Malaysia
Israel
Singapore
Egypt
Philippines
Finland
Chile
Ireland
Pakistan
Greece
Portugal
Kazakhstan
Algeria
Czech Republic
Qatar
Peru
Romania
Vietnam

LIST OF TABLES
Table 1: Key Findings In 2017
Table 2: Market Volume, In Physical Terms, 2007–2017
Table 3: Market Value, 2007–2017
Table 4: Per Capita Consumption, By Country, 2015-2017
Table 5: Production, In Physical Terms, By Country, 2007–2017
Table 6: Harvested Area, By Country, 2007-2017
Table 7: Yield, By Country, 2007-2017
Table 8: Imports, In Physical Terms, By Country, 2007–2017
Table 9: Imports, In Value Terms, By Country, 2007–2017
Table 10: Import Prices, By Country Of Destination, 2007–2017
Table 11: Exports, In Physical Terms, By Country, 2007–2017
Table 12: Exports, In Value Terms, By Country, 2007–2017
Table 13: Export Prices, By Country Of Origin, 2007–2017
Table 14: Producer Prices, By Major Producing Country, 2017
Table 15: Producer Prices Index - Annual Data (2004-2006 = 100), By Major Producing Country

LIST OF FIGURES
Figure 1: Market Volume, In Physical Terms, 2007–2017
Figure 2: Market Value, 2007–2017
Figure 3: Consumption, By Country, 2017
Figure 4: Market Forecast To 2025
Figure 5: Products: Market Size And Growth, By Type
Figure 6: Products: Average Per Capita Consumption, By Type
Figure 7: Products: Exports And Growth, By Type
Figure 8: Products: Export Prices And Growth, By Type
Figure 9: Production Volume And Growth
Figure 10: Yield And Growth
Figure 11: Exports And Growth
Figure 12: Export Prices And Growth
Figure 13: Market Size And Growth
Figure 14: Per Capita Consumption
Figure 15: Imports And Growth
Figure 16: Import Prices
Figure 17: Production, In Physical Terms, 2007–2017
Figure 18: Production, In Value Terms, 2007–2017
Figure 19: Area Harvested, 2007–2017
Figure 20: Yield, 2007–2017
Figure 21: Production, By Country, 2017
Figure 22: Production, In Physical Terms, By Country, 2007–2017
Figure 23: Harvested Area, By Country, 2017
Figure 24: Harvested Area, By Country, 2007-2017
Figure 25: Yield, By Country, 2007-2017
Figure 26: Imports, In Physical Terms, 2007–2017
Figure 27: Imports, In Value Terms, 2007–2017
Figure 28: Imports, In Physical Terms, By Country, 2017
Figure 29: Imports, In Physical Terms, By Country, 2007–2017
Figure 30: Imports, In Value Terms, By Country, 2007–2017
Figure 31: Import Prices, By Country, 2007–2017
Figure 32: Exports, In Physical Terms, 2007–2017
Figure 33: Exports, In Value Terms, 2007–2017
Figure 34: Exports, In Physical Terms, By Country, 2017
Figure 35: Exports, In Physical Terms, By Country, 2007–2017
Figure 36: Exports, In Value Terms, By Country, 2007–2017
Figure 37: Export Prices, 2007–2017