According to 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 MarketStudyReport, global avocado market was valued at USD 9.14 billion in 2020 and is expected to rise exponentially during the analysis period 2021-2026.
 

Increasing consumer preference for healthy food products, either for clinical reasons or for maintaining a healthy lifestyle are primarily stimulating the growth of global avocado market. Furthermore, factors such as growing middle-class population, increasing awareness about nutritional aspects of food among millennials, as well as easy availability of ready-to-eat avocado are propelling market expansion.
 

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Increasing online and offline avocado distribution channels, as well as widespread acceptance of avocados because of heavy advertising and promotional activities, are also hastening industry development.
 

Based on product type, the Hass segment of worldwide avocado industry is anticipated to garner a substantial share during the projected timeline, owing to its pleasant and smooth texture which enables its utilization in a wide range of applications. 
 

In terms of distribution channel, the online segment (e-channels, e-stores, e-commerce platforms) is likely to account for a significant share over the study period, due to the ease with which products can be advertised to a massive audience, resulting in an increased reach for their promotion.
 

From a regional standpoint, America market is poised to witness remarkable growth during 2021-2026, triggered by huge demand for imports, rising per capita income and adoption of a healthier lifestyle by the people in the region. 
 

Additionally, Europe market is projected to exhibit remarkable expansion during the analysis period, due to extensive use of avocados being across many culinary applications in countries like Italy, France, and Germany. 
 

The competitive landscape of global avocado market is defined by companies such as Nature's Touch Frozen Foods LLC, Del Rey Avocado Company, Inc., McDaniel Fruit Co., Empacadora Avehass S.A. de C.V., Westfalia Fruit Pty Ltd., Henry Avocado Corporation, Mission Produce Inc., Fresh Del Monte Produce Inc., West Pak Avocado Inc., and Calavo Growers, Inc. among others.