As cited by the 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 LLC, global avocado market was worth USD 9.14 billion in 2020 and is estimated to expand significantly over 2021-2026.
 

Increasing purchase rate of healthy food products, either to practice a healthy lifestyle or for clinical reasons, is a major a major factor driving the global avocado market growth. In addition, growing middle class population base, in tandem with rising awareness of nutritional value and health benefits among millennials are augmenting the product demand.
 

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Easy availability of ready to eat avocado, improved online & offline distribution channels, along with rising advertising & promotion expenditures are likely to bolster the market development.
 

Based on type, global avocado industry is segmented into bacon, hass, and others. Among these, hass segment is gaining substantial traction as it has a variety of food applications. The fruit contains creamy, pleasant, and smooth textured pulp covered by a thick dark green, purplish black, and bumpy skin.
 

Considering the distribution channel, the marketplace is divided into offline, and online. Among these, the online segment, including e-stores, e-commerce platforms, and e-channels, accounts for the highest market share at present. Online channels provide a platform for the industry players to advertise and promote their products and reach to larger audience.
 

Geographically, the Americas is anticipated to dominate the overall market over the assessment duration, on account of increasing per capita consumption of avocados, and growing import rate. Moreover, widespread preference for healthy food consumption, growing working class populace, along with higher dispensable salaries, and better weight control plans are positively swaying the market dynamics.
 

Meanwhile, Europe market is likely to showcase lucrative growth trends over the estimated timeline, due to increased consumption of avocados as it is a unique and healthy product with several culinary applications.
 

Prominent companies influencing the worldwide avocado industry dynamics are Nature's Touch Frozen Foods LLC, McDaniel Fruit Co., West Pak Avocado Inc., Henry Avocado Corporation, Fresh Del Monte Produce Inc., Empacadora Avehass S.A. de C.V., Westfalia Fruit, Del Rey Avocado Company Inc., Mission Produce Inc., and Calavo Growers Inc.