Wilmington, Delaware, United States, Feb. 12, 2024 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The global avocado market was projected to attain US$ 18.8 billion in 2022. It is anticipated to garner a 10.3% CAGR from 2023 to 2031 and by 2031, the market is likely to attain US$ 45.1 billion by 2031.

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• Avocados include 25 necessary vitamins, as well as phytochemicals like beta-sitosterol and antioxidants like lycopene and beta-carotene.
• The rise in consumer health consciousness is contributing to the worldwide avocado market dynamics, since avocados are regarded as a superfood because of its high omega and multinutrient content.
• Avocado is known as one of the most nutrient-dense foods, with high levels of fiber, folate, potassium, vitamin E, and magnesium.
• Avocado market growth is also driven by the health advantages of avocados, such as increased vision, heart disease prevention, and digestion.
• The boost in demand has resulted in an increase in global output.

• Avocados provide critical nutrients such vitamins C, B5, B6, E, and K, as well as potassium, folate, protein, and healthy fats. Avocados contain seven grams of carbs per 100-gram serving, the majority of which are fiber, making them a low-carb alternative.
• Furthermore, when individuals reduce their consumption of animal-derived foods, avocados may easily replace comparable textures and tastes in dishes. Avocados added to a low-calorie diet help with weight loss and support the growth of good intestinal flora.
• Avocado has grown in popularity as a favorite ingredient in a variety of meals, including guacamole dip, salads, and sandwiches, and is now a menu staple in many restaurants across the world. Avocado toast, which originated in California and Australia, has now become a famous restaurant menu item across the world.

• In 2022, North America held the biggest share. The increase in consumption, production, and popularity of various varieties of avocados is fuelling the regional market landscape.
• The rise in demand for Hass avocados is being driven by the popularity of plant-based and low-carbohydrate diets like keto and paleo. This, in turn, is expanding the avocado market. There are various avocado kinds, but Hass is the most popular and well-known in the United States due to its high fat content, distinctive flavor, and creamy texture.
• Mexico produces around 2.39 million metric tons of avocados per year, accounting for more than 25% of global avocado output. Similarly, the United States is one of the world's largest users of avocado. According to the USDA, the annual per capita availability of avocados in the United States is more than 8 pounds.
• Thus, rising consumer demand in North America is likely to improve avocado production and distribution in the near future.

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• McDaniel Fruit Co.
• Henry Avocado Corporation
• Del Rey Avocado Co. Inc.
• The Horton Fruit Company
• Fresh Del Monte Produce Inc.
• Superior Foods Companies
• Brooks Tropicals Holding, Inc.
• Salud Foodgroup Europe B.V.
• Costa Group Holdings Limited
• West Pak Avocado, Inc.
• Calavo Grower. Inc.
• Hormel Foods Corporation
• MegaMex Foods
• Olivado USA
• Mother Herbs Private Limited
• SVA Organics
• AMS Enterprises
• Sunvado
• CG Produce
• Leathams LTD

• Fresh Del Monte, a major fresh produce manufacturer and distributor, started to deliver Kenya-grown avocados to the European market in August 2022. These avocados are sustainable and of the Hass variety, giving them a creamy consistency.
• Mission Produce Inc., a global leader in the sourcing, production, and distribution of fresh Hass avocados, will establish a new megacenter in Laredo, Texas, in September 2021. The megacenter offers packaging, bagging, ripening, transportation, cold storage, cross-docking, inspections, and drayage.

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