Global Hass Avocado Market Trends

Avocados are a nutrient-dense food that provides relatively many health benefits that include abundant nutrients (vitamins C, B5, B6, E, and K), potassium, folate, protein, and healthy fats. Seven of the nine grams of carbohydrates in a 100-gram serving are fiber, qualifying avocados as a low-carb food. The daily consumption of Hass avocado as part of a hypocaloric diet supports weight loss and helps to increase gut bacteria. An increased interest in plant-based and low-carbohydrate clean eating diets, such as the keto diet and paleo diet, also contributed to the increased demand for Hass avocados.

According to the Hass Avocado Board, the retail sales of fresh Hass accounted for USD 2.7 billion in 2022 which is higher than USD 1.96 billion in 2021. The Hass Avocado Board's (HAB) published retail recap indicated sales volume during Easter, Cinco De Mayo, and Memorial Day accounted for a combined 133 million units and nearly USD 160 million in retail sales. Avocado has become a favorite ingredient in many dishes (guacamole dip, salads, and sandwiches) and is now on the menu of several restaurants across the United States. The Avocado toast, a humble breakfast that was earlier eaten mainly in California and Australia, is now a trendy menu item in many restaurants around the world.

As per the Hass Avocado Board, every country of origin, with the exception of Mexico had higher volumes in 2022 vs 2021, California was up almost 6%, Chile was up almost 80% from the previous short year, Peru was up 46% for its highest shipment total to the U.S ever at 276 million pounds. And the newest player Colombia showed the largest percentage increase at over a 450% increase from 6.6 million to 36.8 million pounds in 2022.