How big is the avocado market in 2024?

The Avocado Market size is estimated at USD 22.69 billion in 2024, and is expected to reach USD 35.55 billion by 2029, growing at a CAGR of 9.40% during the forecast period (2024-2029). Avocados contain vitamins A, B, C, E, and K, including 25 essential nutrients.

How big is the avocado market?

The report offers market size and forecasts for all the above segments in volume (ton) and value (USD million). The Avocado Market size is estimated at USD 22.69 billion in 2024, and is expected to reach USD 35.55 billion by 2029, growing at a CAGR of 9.40% during the forecast period (2024-2029).

Why did avocado prices go up?

Mission Produce Inc, the largest U.S. avocado distributer, saw a 50% increase in average per-unit avocado sales prices “due to lower industry supply out of Mexico, as well as inflationary pressures,” Chief Executive Officer Steve Barnard said in an earnings statement on March 10.