Canada Avocado Market Size, Share, COVID-19 Impact, Opportunities, And Trends By Type (Hass Avocado, Bacon Avocado, Others), By Industry (Food And Beverage, Cosmetic), By Distribution Channel (Online, Offline (Convenience Stores, Others)) - Forecasts From 2022 To 2027

Published:  Jun 2022 Report Code: KSI061613869 Pages: 120

Canada Avocado Market is projected to grow at a CAGR of 5.01% to reach US$140.27 million by 2027, from US$99.642 million in 2020. 

Consumers in Canada are increasingly inclined towards healthy, nutritious, and ‘clean’ products, inclusive of but limited to natural, specialty, and organic products. These products have emerged as standard ‘center aisle’ products in more prominent grocery outlets. The increasing demand for organic and fresh products, especially by higher-income consumers, is expected to drive the demand for specialty food retailers, including avocados.

To this end, it must be noted that according to the Government of Canada, the year 2019 recorded an avocado import of 94,963 metric tons (Mt), which is a 35.62 % increase from the reported 70,020 Mt recorded in 2015. Further demand for ethnic stores due to the increasing diversity within the Canadian population is also expected to facilitate the sales of avocados as they are readily associated with food preparations that are exotic to Canadian cuisine. Convenience stores are reportedly introducing different product ranges, reducing prices, and changing their layouts to attract new consumers to maintain their market share in the retail sector.

The convenience segment has been characterized by consolidation, with chain stores expanding at the expense of small, independent operators during the past few years. The aforesaid paves for processed avocado products which in turn is expected to drive the Canadianavocado market growth. For example, a line of delicious superfood granolas called Golden Turmeric Superfood Granola was launched by Nature's Path, the first certified organic cereal manufacturer in North America, among others, in September 2020, which contains avocado oil that is rich in oleic acid and is known to reduce cholesterol and improve heart health.

Throughout the COVID-19 pandemic, global agricultural trade has demonstrated remarkable resilience and flexibility in adopting new measures and adapting to new, changing conditions with readiness. The national pandemic response of Canada has effectively aided the nation’s food and agriculture industries to settle into a relatively stable ‘new normal’ operating environment, despite acute disruptions early this year. Though Canada’s foodservice sector was on track to top USD 73 billion in sales in 2020 before COVID-19, the national restaurant industry association estimates 2020 losses of between $15 and USD 35 billion, as reported by the USDA.

Foodservice sales fell sharply in March as provincial authorities imposed COVID-related measures, including the closure of non-essential businesses, local and international travel restrictions, and measures to limit public interactions. Further, retailers were forced to adapt quickly to unprecedented consumer demand (e.g., panic buying and stockpiling) and equally unprecedented operational demand (e.g., e-commerce, crowd control, sanitizing, etc.) at the pandemic's beginning. During the week ending March 21, 2020, retail grocery sales rose 40 % over the same week a year earlier. As consumers settled for online shopping, eCommerce grocery sales doubled between February and May 2020. This trend is expected to continue, which will be buttressed by on-premises shopping with lockdown restrictions that are being gradually lifted, making it favorable for the Canada avocado market growth.

Key Developments

  • October 2021: Calavo Growers Inc. plans to construct a new distribution facility in Portland, Oregon, to better serve its Pacific Northwest clients, including those in Canada. The company mentioned that Portland and Seattle, as well as Canada, are important markets for Calavo. Direct shipments from Calavo's packaging facilities in Jalisco, Mexico, are currently the most common method of serving Canada.
  • November 2020: Chosen Foods, based in San Diego, is one of the top manufacturers of pure avocado oils, and is expanding its presence in Canada with an avocado condiment line and a new brand identity. The company is using avocado oil's proven performance to propel the growth of avocado oil-based condiments and improve the distribution of these goods, which aren't as well-known in Canada.
  • 2020 Reports: The Government of Canada reported a value of more than CDN$314 million in avocado imports, depicting its increasing demand in the market.

Segmentation

  • By Type
    • Hass Avocado
    • Bacon Avocado
    • Others
  • By Industry
    • Food and Beverage
    • Cosmetic
  • By Distribution Channel
    • Online
    • Offline
      • Convenience stores
      • Others
1. Introduction
1.1. Market Definition
1.2. Market Segmentation

2.  Research Methodology
2.1. Research Data
2.2. Assumptions

3.  Executive Summary
3.1. Research Highlights

4.  Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. The Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis

5. Canada Avocado Market Analysis, By Type
5.1. Introduction
5.2. Hass Avocado
5.3. Bacon Avocado
5.4. Others

6.  Canada Avocado Market Analysis, By Industry
6.1. Introduction
6.2. Food and Beverage
6.3. Cosmetic

7.  Canada Avocado Market Analysis, By Distribution Channel  
7.1. Introduction
7.2. Online 
7.3. Offline
7.3.1. Convenience stores
7.3.2. Others

8.  Competitive Environment and Analysis
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix

9. Company Profiles
9.1. Calavo Growers, Inc.
9.2. GREENFRUIT AVOCADOS 
9.3. MISSION PRODUCE 
9.4. Naturally Homegrown Foods Ltd.
9.5. West Pak Avocado

Calavo Growers, Inc.

GREENFRUIT AVOCADOS 

MISSION PRODUCE 

Naturally Homegrown Foods Ltd.

West Pak Avocado

Pricing

Explore Custom Options available with this study:

  •  Request customization
  •  Buy sections of the study
  •  Buy country specific report
  •  Request excel, Historical data
  •  Subscription inquiry
  •  Request special pricing

Our Value Proposition

Analyst Support

All our studies come with 2 months of analyst support.


Confidentiality

We are in compliance with the global privacy laws.

Connect With Us