Calavo(CVGW) GlobeNewswire News Room·2025-03-25 16:29Core Insights - The avocados market is experiencing significant growth, projected to increase from 21.32 billion in 2025, with a compound annual growth rate (CAGR) of 10.1% [2] - By 2029, the market size is expected to reach $30.85 billion, reflecting a CAGR of 9.7% during the forecast period [3] Market Characteristics - The growth in the avocados market is driven by increased awareness of health benefits, rising demand for organic products, and changing dietary habits [2][5] - The market is characterized by a shift towards eCommerce for avocado-based products and a growing demand for convenience foods [3] Trends and Strategies - Major trends include a focus on healthier eating habits, technological advancements in food processing, and the expansion of avocado-based beauty products [4] - The rise of veganism and vegetarianism is also influencing market dynamics [4] Competitive Landscape - Key players in the avocado market include Fresh Del Monte Produce Inc., Calavo Growers Inc., and Mission Produce Inc., among others [8][20] - Companies are leveraging advanced technologies like high-pressure processing (HPP) to enhance product quality and shelf life [6] Recent Developments - Unifrutti Group's strategic acquisitions of Bomarea and AvoAmerica Peru aim to strengthen its presence in the avocado market and diversify its fruit offerings [7]