Hass Avocado Market: Global Industry Overview and Forecast (2022-2027)

Hass Avocado Market Overview:

The growing number of consumers of healthy food products, either for clinical reasons or by living a healthy lifestyle, encourages the growth of the avocado market. Also, with the increase in the middle-class population and the growing awareness of the value of healthy food and health benefits over the millenniums, the ever-increasing demand for avocado imports helps the avocado need.   

 

                                                               

                                                                                                                                   

 

Hass Avocado Market report examines the market's growth drivers and segments (Application, Distribution Channel, and Region). Data has been provided by market participants and regions (North America, APAC, Europe, MEA, and South America). This market study looks at all of the significant advancements occurring across all industry sectors. To provide key data analysis for the historical period (2017-2020), statistics, infographics, and presentations are used. The report examines the Hass Avocado markets, Drivers, Restraints, Opportunities, and Challenges. This SMR report includes Hass Avocado investor recommendations based on a detailed analysis of the current competitive landscape of the Hass Avocado market.

 

COVID-19 pandemic on the Hass Avocado Market:

The shocking decline in 2020 was primarily due to the impact of the ongoing COVID-19 epidemic on both production and distribution channels and subsequent product access by consumers. Mordor Intelligence also points out that the downturn in the global economic and transportation crisis has disrupted and entered into a worldwide contract and demand for fruit through various transmission channels. In addition, as the production and marketing of avocados is a daunting task, widely reinforced physical exertion methods have immediate adverse effects on supply.

 

Similarly, the widespread delays in supply chains due to declining transportation of goods during the closure of avocados have been complicated in the avocado market due to high product degradation and the combined need for proper management during and after harvest, accompanied by uninterrupted—cold chains. Thus, occasional collisions reduce product quality, reduce weight, and thus significantly reduce the number of goods that arrive in importing countries.

 

Hass Avocado Market Dynamics:

The growing availability of ready-to-eat avocados and the improved online and offline distribution channel are expected to strengthen the avocado market. In addition, consumers are increasingly aware of the many health benefits associated with avocado used. This awareness is needed to further the interest in the superfood, which will shape the business going forward. In addition, the increase in the acceptance and use of avocados has increased as a result of the increased cost of advertising and promotion of avocados worldwide has escalated the market demand.

 

Hass avocado is one of the most demanding avocados in the world. According to the USDA, in the United States, per capita avocado consumption, more than 95% of the Hass avocado, has tripled since the early 2000s. Hass avocado, native to Mexico and Central America, is now grown in many countries worldwide. Mexico, Peru, Chile, California, and Colombia are the world's largest avocado producers.

 

Mexico is a leading manufacturer and exporter of Hass avocado. With a capacity of just under 2.4 million metric tons by 2021, Mexico accounted for 30% of avocado production, the most significant part of the world, and the most considerable variable being Hass. The investment area grows at a rate of 3% annually. Mexico produces three varieties of avocado, and Hass makes up 97% of the total production. Michoacán is Mexico's most productive region, accounting for 75% of the national output and 81% of the total output. Colombia and the Dominican Republic are also significant producers of Hass avocados.

 

The production of Hass avocado is highly affected by climatic conditions and therefore, shows annual variability. By 2022, prices have peaked for the first time in 24 years. The increase is the result of an increase in global demand for healthy food, an 8% drop in production in Mexico by 2021, and a sharp drop in food prices, which consumer concerns have exacerbated.

 

Key Market Trends

Increasing Awareness of Health Benefits of Hass Avocado:

Avocados are a nutritious food that offers many health benefits, including plenty of nutrients (vitamins C, B5, B6, E, and K), potassium, folate, protein, and healthy fats. Seven to nine grams of carbohydrates in a 100-gram service are fiber. Avocados are suitable for a low-carb diet. Daily consumption of Hass avocado as part of a hypocaloric diet supports weight loss and helps increase intestinal bacteria. Increased interest in plant-based foods and low-carbohydrate 'pure foods', such as keto diets and paleo diets, have contributed to the increased demand for Hass avocados.

 

According to the Hass Avocado Board, sales of fresh Hass avocado stores remained above pre-epidemic levels in 2019 during the second quarter of 2021, with annual sales declining. The recently released Hass Avocado Board (HAB) showed sales volume for Easter, Cinco De Mayo, and Memorial Day numbered 133 million units and nearly $ 160 million in retail sales.

 

Avocados have become a popular ingredient in many dishes (guacamole dip, salads, sandwiches) and are now on the menu for a few restaurants across the U.S. Avocado toast, a low-fat breakfast eaten mainly in California and Australia, is now in vogue. And menu items at many restaurants around the world. According to the USDA, the U.S. demand for avocado has grown steadily over the past two decades.

 

Hass Avocado Market Segment Analysis:

Food Industry: The Hass Avocado ripe fruit can be eaten and used to prepare salads, such as ice cream, as a sandwich filling and as quick desserts. In Brazil, Vietnam and Taiwan, avocados are often used in milkshakes. They are occasionally added to ice cream, while in the Philippines, Jamaica and Indonesia, dessert is made with sugar, milk and pure avocado. In South America, avocados are served mixed with white rice. They are commonly used in hamburgers, hot dogs, and celery salads in Chile. Other uses include pressing the fruit to produce avocado oil and using meat to mix and use adobe. 

 

 

 

 

Cosmetic: The oils, compounds, and vitamins found in Hass avocados can help speed up skin rejuvenation and improves skin diseases such as eczema and acne. It also contains compounds that can help protect your skin from sun damage and inflammation. Ultraviolet (U.V.) damage to your skin can cause wrinkles and other symptoms of ageing and skin cancer. Additionally, studies have shown that both the vitamin C Source and the vitamin E Source found in avocados play a vital role in helping protect your skin from oxidative damage caused by the sun and other environmental factors.

 

Medicine: Different parts of avocado have medicinal benefits. When boiled, the leaves are considered to be a cure for diarrhoea. Pulp is used to accelerate the formation of redness in the wounds. Hass seeds can be crushed and used as toothpaste. 

 

by Distribution Channel, the Online component has a very high market share that includes e-commerce forums, e-stores, and e-channels, which provide a highly profitable platform for market bullies as they can efficiently market and market their products and make a profit. More audiences and expand their access to the same. The Hass Avocado market is also highly demanded from offline sources like supermarkets and retail stores. After the decline in the pandemic, the sale of Hass Avocado is expected to grow via these offline stores and markets.

 

Hass Avocado Market Regional Insights:

North America is expected to rule the market and shows promising growth in avocado consumption due to increased demand for avocados, and the rising consumption of avocados strengthens the market. The U.S. and global markets are driven by increased exposure to healthy food consumption. In addition, a growing global workforce and higher wages are given better weight control.

 

The Europe is expected to show significant growth due to the considerable share of youth in countries such as the UK, France, Germany and Italy. Europe is doing significantly well in the Hass Avocado market for health benefits. In addition, avocados are being eaten due to being a unique and healthy product with many cooking recipes. This is expected to enhance the growth of the Hass Avocado Market in the region during the forecast period.

 

The Asia-Pacific region is expected to grow the Hass Avocado Market because of the growth in population in significant numbers. The Asia-Pacific region has a large share of young people, led by China, India, and various Southeast Asian countries. They are more aware of the health benefits of Hass Avocado. Therefore, growth is expected in this region.

 

 

The objective of this report is to present an in-depth analysis of the Hass Avocado Market to industry stakeholders. The report provides the recent trends in the Hass Avocado Market and how these factors will impact new business investment and market enhancement during the forecast period. The report also provides an understanding of the potential of the Hass Avocado Market and the competitive structure of the market by analyzing market leaders, market fans, and regional players.

 

The quality and quantity data provided in the Hass Avocado Market report assist the readers to understand which market Conductive Materials, regions are expected to grow in value, market factors, and key opportunity areas, which will impact industry growth and predictable market growth concerning time. The report includes the competitive status of key competitors in the industry and their recent developments in the Hass Avocado Market. The report also provides a comprehensive set of factors such as company size, market share, market growth, revenue, production capacity, and profits of key players in the Hass Avocado Market.

 

 

The report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals are existing, who they are, and how their product quality is in the Market. The report also analyses if the Hass Avocado Market is easy for a new player to gain an edge in the market, do they come and go in the market regularly if the market is dominated by a few players, etc.

 

The report also includes a PESTEL Analysis, which aids in the development of company strategies. Political factors that help in analyzing how much a government can impact the Market. Economic variables assist in calculating economic performance drivers that can affect the Market. Analyzing the impact of the overall environment and the impact of environmental concerns on the Hass Avocado Market is aided by legal factors.

 

Hass Avocado Market Scope:

Hass Avocado Market		Market Segmentation
Market Indicators:	Details	By Application	Food Industry Cosmetic Medicine Others
Historical Data:	2018-2022	by Distribution Channel	E-commerce Online stores Supermarkets Hypermarkets Retail stores
Forecast Period:	2022-2027	by region	North America Europe Asia Pacific The Middle East and Africa South America
Base Year:	2021
CAGR:	5.3 %
Market Size in 2021:	USD xx Bn.
Market size in 2027:	USD xx Bn.

 

Hass Avocado Market Key Players

1. GreenFruit Avocados (Columbia)
2. Calavo Growers (US)
3. Del Rey Avocado Company (US)
4. WestPak (US)
5. Mission Produce (US)
6. Avehass (Mexico)
7. Inpira Farms (UK)
8. McDaniel Fruit Co. (US)
9. Henry Avocado Corporation (US)
10. The Horton Fruit Company (US)
11. Fresh Del Monte Produce (US)
12. Superior Foods Companies (US)
13. AvoStack Avocados (Mexico)
14. Aguiva Avocados (Mexico)
15. Costa Group Holdings Limited (Australia)