According to the recent research report titled ‘Global Avocado Market - Analysis By Type (Hass, Bacon, Others), Distribution Channel, By Region, By Country (2021 Edition): Market Insights, Covid-19 Impact, Competition and Forecast (2021-2026)’, available with Market Study Report, global avocado market was valued at USD 9.14 billion in 2020 and is expected to record a substantial growth during 2021-2026.
 

As per the findings of the report, global avocado market growth is largely fueled by increasing number of consumers seeking organic food items for medical purposes or to live a healthy lifestyle.
 

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Increasing middle class population along with rising cognizance about nutritional value and health benefits among millennials, as well as surging import demand for avocado are further improving the market outlook. Furthermore, increased availability of ready-to-eat avocado, and improved online and offline distribution channels are adding significant traction to the industry progression.
 

Based on type, hass segment holds major portion of global avocado market share as it offers creamy, pleasant, even texture covered by a dense dark green, purplish black, and bumpy skin with a wide range of food applications.
 

As per distribution channel, online segment dominates the market share including e-channels, e-stores, and e-commerce platforms. This channel provides expansion opportunities for market players, enabling them to advertise and promote their products, and accumulate a large audience base.
 

Speaking of the geographical ambit, leading contributors to global avocado market value are North America (Canada, United States), Asia Pacific (South Korea, China, Japan, India), and Europe (Germany, Spain, United Kingdom, Netherlands),
 

As per the report, North America industry is projected to accrue notable gains through the year 2026, attributable to rising per capita consumption of avocados and its mounting import demand. Additionally, the U.S. market is driven by increasing health conscious population, high disposable salaries, as well as developing working class encourage better weight control plans.
 

Prominent players profiled in global avocado market report are Henry Avocado Corporation, Westfalia Fruit, Del Rey Avocado Co. Inc., Mission Produce Inc., Fresh Del Monte Produce Inc., Calavo Growers Inc, Empacadora Avehass S.A.de C.V., West Pak Avocado Inc., Nature's Touch Frozen Foods LLC, and McDaniel Fruit Co.