The global fresh avocado market size was estimated at USD 14.2 billion in 2021 and is expected to reach USD 15.4 billion in 2022.
| Report Attribute | Details |
|---|---|
| Market size value in 2022 | USD 15.4 billion |
| Revenue forecast in 2028 | USD 26.2 billion |
| Growth rate | CAGR of 9.1% from 2022 to 2028 |
How large is the avocado market?
Avocado retail
Even though the fruit was introduced to the consumer market some time ago, it has recently become incredibly popular among Americans. The retail sales of avocados in the United States amounted to 2.6 billion U.S. dollars in 2020, but decreased to just under two billion U.S. dollars in 2021.
How much is the Mexican avocado industry worth?
Avocados are sometimes referred to as “green gold” because of the price they command in international commodity markets. Exports of avocados from Mexico were valued at nearly US$3 billion in 2021, ahead of both tequila and beer, two other popular Mexican exports.
How much money does avocados make?
The statistic highlights the retail sales of avocados in the United States from 2014 to 2021. According to the report, U.S. retail sales of avocados amounted to approximately 1.96 billion U.S. dollars in 2021.
Who is the biggest consumer of avocados?
Currently, the United States imports around 90% of the avocado it consumes, accounting for 40% of total world imports of this product and having Mexico as its main avocado supplier, a country that went from contributing 17% of U.S. imports in 2001 to 90% in recent years.
What state eats the most avocado?
Los Angeles still consumes the most avocados—some 300 million annually—but other cities, like New York, Dallas, Phoenix, and Houston are catching up.
Who are the main consumers of avocados?
The average consumption in Europe is approximately 1.33 kg per capita. In the United States this is 3.8 kg and in Canada 2.5 kg. Mexico, the world’s largest avocado producer, even consumes 6.5-7 kg per capita.
What percentage of US avocados come from Mexico?
Mexico supplies about 80 percent of the avocados eaten in the United States. The import ban — stemming from purported threats to a U.S. inspector in the Latin American country — shook a billion-dollar industry.
What is Mexico the largest producer of?
Mexico Ranked as World’s Largest Silver Producer in 2021.
Why is there an avocado shortage 2022?
Mexico, the main source of U.S. avocado imports, buys nearly 30% of its fertilizer from Russia, and because of the war in Ukraine the supply has tightened and made it more costly. Weather has also hurt avocado production, with a recent violent storm causing substantial crop losses in the Mexican state of Michoacán.
Who is the largest avocado producer in the world?
Mexico
The largest producer of avocados in the world is Mexico. Mexico produced approximately 2.1 million tons of avocados in 2018. The same country produced approximately 2 million tons of avocados in 2017. On average, Mexico is responsible for approximately a third of the global production of avocados.
Is avocado farming profitable?
Avocado farming is a lucrative business that is growing in popularity. It is a healthy fruit, and can be sold for a good price at the market. Avocado trees take about 3-5 years to produce their first crop of avocados. However, once they do you should be able to profit from them for many years to come.
How much is an acre of avocado trees worth?
“If a farmer has a decent crop — 10,000 pounds per acre is what you’d like to see — with the average price being $1.30 a pound, that’s $13,000 per acre.” Subtract from that about $5,000 or $6,000 for water and, after other costs, big farmers can still pocket $3,000 or $4,000 per acre, he said.
Which country imports the most avocados?
Trends of Top 10 Importers
| Country | Import % | |
|---|---|---|
| 1 | Global | |
| 2 | United States | 38.25% |
| 3 | Netherlands | 12.48% |
Why are avocado prices high?
The main reason avocados cost so much is because it costs more to produce them, especially in terms of water usage. On average, if we’re producing 100,000 pounds of avocados per acre, that takes about a million gallons of water. Plus the costs of fertilizer.
Where is the best avocado from?
There is a certain Peruvian export product that has a presence in almost all international markets, reports Peru.info. Its reputation is such that the Dutch and Spanish love it almost as much as their own cheeses and wines.
Why do Californians put avocado on everything?
They’re chock-full of nutrients and are a source of “good fat,” which keeps you full for a long time. Californians are known for healthy eating and living, so obsessing over avocados fits right in with this lifestyle. Along with these health benefits, avocados fit into every type of diet.
Why is avocado not sustainable?
Avocados have a particularly high carbon footprint: two avocados were found to release 846.36g of CO2 emissions in 2017. The food is produced in tropical climates, but eaten in a multitude of countries around the world. To satisfy our stomachs, food mileage rises.
Why is avocado so popular now?
But what is behind this surge in popularity? Interestingly, it’s a combination of increased availability, strategic marketing, a rise in the popularity of Mexican Cuisine and current wellness trends. For a long time, most avocados consumed in the United States were being grown in California.
Are avocados in high demand?
The Global Hass Avocado Market is projected to register a CAGR of 5.3% during the forecast period (2022-2027). After a temporary drop in demand at the start of the COVID crisis, the European and US consumption of Hass avocado is hitting a record high.
Which country eats the most avocados per capita?
Norway had the next highest per capita consumption, at about 2.76 kilograms per person.
Per capita consumption of avocados in Europe in 2020, by leading country (in kilograms)
| Characteristic | Per capita consumption in kilograms |
|---|---|
| – | – |