Global Hass Avocado Market Size (2024 - 2029)

Hass Avocado Market Analysis

The Global Hass Avocado Market size is estimated at USD 19.20 billion in 2024, and is expected to reach USD 33.40 billion by 2029, growing at a CAGR of 5.30% during the forecast period (2024-2029).

Hass avocado is the most popular variety of avocado in the world, native to Mexico and Central America, and is now grown in many countries globally. Mexico, Peru, Chile, California, and Colombia are the major avocado-producing countries in the world.

Mexico is the leading producer and exporter of Hass avocado. Driven primarily by export demand, Mexico’s avocado production is forecast to increase five percent year on year in 2024 to 2.77 million metric tons. Data from Mexico’s Agri-Food and Fisheries Information System (SIAP) indicate production reached 2.65 million metric tons in 2023, up four percent compared to the previous year. Production has grown steadily during the past ten years, mostly due to increasing demand from the United States and other export markets, as well as rising domestic consumption. Mexico produces three avocado types, with Hass accounting for 97% of the total output. Michoacán is Mexico's most productive state, accounting for 75% of the national output and 81% of the overall production value. Colombia and the Dominican Republic are also big Hass avocado producers. SIAP data put avocado planted area (i.e. area with mature, productive trees) at an estimated 257,571 hectares (ha) in 2023, up 2% from 2022 planted area of 252,133 hectares (ha).

While avocados are grown throughout the country, three states account for 90% of Mexico’s avocado production – Michoacan with 73% of production, Jalisco with 12%, and the State of Mexico with 5 percent. Historically, Michoacan has been the leading avocado producing state, and until 2022 it was the only state eligible to export avocados to the United States. With the addition of Jalisco in July of 2022, there are now two states eligible for export of avocados to the United States. Per the Association of Avocado Exporting Producers and Packers of Mexico (APEAM), as of February of 2024, there are 58 avocado packing facilities in Michoacan approved for export to the United States, and 11 such facilities in Jalisco.

Hass Avocado Industry Segmentation

The Hass avocado is one of the most delectable avocado varieties available, with a thick creamy body and unique taste. It provides relatively many health benefits that include abundant nutrients (vitamins C, B5, B6, E, and K), potassium, folate, protein, and healthy fats.The Hass Avocado Market is segmented by Geography into North America, Europe, Asia-Pacific, South America, and Middle-East and Africa. The report offers detailed Production into Volume, Consumption into Volume and Value, Export into Volume and Value, Import into Volume and Value, and Price Trend analysis of the market. The report offers estimation and forecast in value (USD) and volume (Metric Tons) for the above-mentioned segments.