Valued to be $18.8 Billion by 2026, Avocado Slated for Robust Growth Worldwide
SAN FRANCISCO, Sept. 16, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Avocado - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 8; Released: April 2021
Executive Pool: 396
Companies: 69 - Players covered include Brooks Tropicals, Inc.; Calavo Growers, Inc.; Costa Group Holdings Ltd.; Del Rey Avocado Company, Inc.; Fresh Del Monte Produce, Inc.; Henry Avocado Corporation; McDaniel Fruit Co.; Olivado USA; Salud Foodgroup Europe B.V.; Superior Foods Companies; The Horton Fruit Co., Inc.; West Pak Avocado Inc. and Others.
Coverage: All major geographies and key segments
Segments: Form (Raw, Processed); Nature (Organic, Conventional); End-Use (Food Industry, Retail Industry, Cosmetics & Personal Care Industry, Other End-Uses)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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ABSTRACT-
Global Avocado Market to Reach $18.8 Billion by 2026
Amid the COVID-19 crisis, the global market for Avocado estimated at US$14 Billion in the year 2020, is projected to reach a revised size of US$18.8 Billion by 2026, growing at a CAGR of 4.8% over the analysis period. Organic, one of the segments analyzed in the report, is projected to record a 5.5% CAGR and reach US$5.8 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Conventional segment is readjusted to a revised 4.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $4 Billion in 2021, While China is Forecast to Reach $3.8 Billion by 2026
The Avocado market in the U.S. is estimated at US$4 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.8 Billion by the year 2026 trailing a CAGR of 7.4% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.6% and 4.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3% CAGR. More
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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]
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SOURCE Global Industry Analysts, Inc.
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