Market reports on the global level of The Business Research Company have been updated to reflect the most current market size figures for 2024, and projections have been extended until 2033.
The Business Research Corporation’s “Avocado global market report 2024” is a comprehensive report that provides information on each aspect that the industry. According to TBRC’s forecast for the market that the size of the market for avocados is expected to grow to $21.55 billion by 2028. This is the rate of compound annual growth (CAGR) that is 7.3 percent.
The increase in demand for avocados market can be attributed to rising demand from the end-users for example, beverages and the food industries. North America region is expected to be the most avocado-focused region. market part.
The market for avocados has increased significantly over the last few times. The market is expected to grow to $15 billion by 2023 up to $16.24 billion by 2024, at an annual compound growth rate (CAGR) that is 8.3 percent. The rise in the recent time frame can be explained by nutritional and health trends as well as changing diet preferences and the changing trends in food and improvements in supply chain management and the globalization of market.
The market for avocados is predicted to experience significant increase over the next couple of years. The size will increase to $21.55 billion by 2028 with an annual compound growth rate (CAGR) that is 7.3 percent. This growth over the coming years can be explained by the growing conscious health and wellness, various application of food, sustainable farming methods, growing global production and exploration of new market.
Demand from the growing number of end customers such as the beverage and food industry will likely boost the expansion of the avocado industry into the future. Food and beverage encompasses all firms which deal with the preparation, packaging, or distribution of food items that are not cooked. Avocados are extremely healthy and adaptable and assist in improving the health of your heart digestion, managing weight. Integrating avocados into your diet could provide a variety of advantages to your health and enable you to make a conscious effort to live a healthier life.
Improved avocado storage, the ripening process, as well as the ability to pack across Europe
A number of storage facilities that are new, that include avocado storage as well as ripening rooms, are currently being designed and being implemented within the avocado industry in order to enhance effectiveness, cut down on waste and improve the quality of products.
AI-powered platforms to ensure precision farming as well as a customized logistics optimization
Large companies that operate in the avocado industry are focusing on the latest technological advances, such as customized Al-driven to provide personalized advice as well as improving the farming practices as well as optimizing supply chains for improved efficiency in production to keep up with market demand.
Source: thebusinessresearchcompany.com