DUBLIN--(BUSINESS WIRE)--The "Hass Avocado Market- Growth, Trends, Forecast (2020-2025)" report has been added to ResearchAndMarkets.com's offering.
The Global Hass Avocado Market is projected to register a CAGR of 4.8% during the forecast period 2020-2025.
Hass avocado is the most popular variety of avocado in the world. In the United States, per capita consumption of avocados, with more than 95 % constituted by Hass avocados, has tripled since the early 2000s, according to the USDA.
Key Market Trends
Increasing Awareness of Health Benefits of Hass Avocado
Avocados are a nutrient-dense food that provide relatively many health benefits that include abundant nutrients (vitamins C, B5, B6, E, and K), potassium, folate, protein, and healthy fats. Seven of the nine grams of carbohydrates in a 100-gram serving are fiber, qualifying avocados as a low-carb food.
Avocado has become a favorite ingredient in many dishes(guacamole dip, salads, sandwiches) and is now on the menu of several restaurants across the U.S. The Avocado toast, a humble breakfast that was earlier eaten mainly in California and Australia, now is a trendy and instagrammable menu item in many restaurants around the world.
According to the USDA, U.S. demand for avocados has increased steadily over the past two decades. Per capita consumption of avocados has tripled since 2001 to 8 pounds per person in 2018. While the average consumption of avocados in the United States amounted to 2.45 billion pounds per week in 2018.
North America Dominates the Market
Mexico is one of the major producer and exporter of Hass Avocado. The export volume of Hass avocados is facing an increasing trend owing to the increased demand from the neighboring countries as the consumption increases. Similarly, the value of the export is also anticipated to increase during the forecast period. Mexico has the largest cultivation area in the world. With an area of 218,000 hectares planted towards the end of 2018, it represents between 55% and 60% of the world's planted surface area of the Hass variety of avocados.
As per the ITC Trade, in 2019, the United States, Canada, Japan, Spain, and the Netherlands were the major importers of Hass avocados. Among all United Stated and Canada holds a major share of 77.6% and 8.2% of the import from the market. With the increasing domestic as well as international demand, the exports are anticipated to rise at a peripheral rate during the forecast period.
Key Topics Covered
1 INTRODUCTION
1.1 Study Assumptions & Market definition
1.2 Studay Deliverables
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Value Chain Analysis
5 MARKET SEGMENTATION
5.1 Geography
5.1.1 North America
5.1.1.1 United States
5.1.1.1.1 Production Analysis
5.1.1.1.2 Consumption Analysis and Market Value
5.1.1.1.3 Import Market Analysis (Volume and Value)
5.1.1.1.4 Export Market Analysis (Volume and Value)
5.1.1.1.5 Price Trend Analysis
5.1.1.2 Mexico
5.1.2 Europe
5.1.3 Asia-Pacific
5.1.4 South America
5.1.5 Africa
5.1.6 Middle East
6 MARKET OPPORTUNITIES AND FUTURE TRENDS
7 IMPACT OF COVID-19
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