The US consumption of avocados has shown a general upward trend from 2013 to 2023. Starting at 6.16 pounds per capita in 2013, it rose to 9.15 pounds per capita in 2023. During this period, there were noticeable fluctuations, with significant increases in years like 2014 and 2017, alongside occasional declines, such as in 2016 and 2019.
From 2022 to 2023, the consumption grew by 2.74%, reflecting steady interest in avocados. Over the past two rolling years (2021-2023), the average year-on-year variation stood at 2.8%. The 5-year compound annual growth rate (CAGR) up to 2023 was 1.45%, indicating moderate but consistent growth recently.
The forecast for 2024-2028 suggests sustained growth, with a forecasted 5-year CAGR of 1.86% and overall growth of 9.66% by 2028. By 2028, the expected consumption is projected to reach 10.29 pounds per capita.
Future trends to watch for:
- Influence of supply chain and pricing on consumption trends.
- Impact of health benefits promotion and dietary trends.
- Changing consumer demographics and preferences.
