70MM pounds of avocados expected for Cinco de Mayo

From Produce Blue Book | 5 May 2021

Overview of the avocado supply for Cinco de Mayo, complemented by charts from Agronometrics. Original published on May 04, 2021. 

OXNARD, Calif., May 03, 2021 (GLOBE NEWSWIRE) — Avocado consumption insights from Mission Produce, Inc. BB #:118126, the world leader in sourcing, producing, and distributing fresh Hass avocados, shows that 100 million Americans are expected to celebrate Cinco de Mayo this year.Additionally, up to 70 million pounds of avocados are expected to be consumed

Volumes (in Lb) of avocados in the US Market
img 618200b20af07

Source: USDA Market News via Agronometrics.
(Agronometrics users can view this chart with live updates here)

A long-awaited opportunity for wholesale, retail, and food service, the data show that consumers are looking to celebrate the avocado holiday both at home and out at restaurants and bars.

Compared to last year, twice the number of people who celebrate Cinco de Mayo are expected to celebrate at a bar or restaurant this year, while two-thirds of Cinco de Mayo celebrators report that they plan to celebrate at home, either with family or by attending a small gathering.

“As vaccinations ramp up in the United States, people are eager to return to pre-COVID activities, like gatherings and in-person dining. Cinco de Mayo could be the first holiday of normalcy for many and we’re ready to supply the World’s Finest Avocados to add to the celebrations,” said Steve Barnard, Founder and Chief Executive Officer of Mission Produce.

“With our advanced distribution network and avocado-specific ripening infrastructure, we’re able to service most locations across North America within 24-hours, positioning us well to satisfy the anticipated uptick in demand.”

Mission’s consumption data showed an anticipated 30% lift in retail avocado sales for Cinco de Mayo, with 25% of households planning to purchase avocados in the two weeks leading up to the holiday.

Additionally, 40% of celebrators report that they will purchase food and alcohol from a store, while 31% plan to order delivery or takeout.

“As leaders in avocado intelligence, our insights provide valuable information for our customers to get ahead of consumer trends and know how to position their offerings for the highest return,” said Mission Senior Director of Marketing and Communications, Denise Junqueiro. “For Cinco de Mayo, we know consumers consider tacos, margaritas, and guacamole staple items – all of which contain, or go well with, avocados. We’re excited for our avocados to contribute to what could be the most normal festivities in a long time for many.”

Price (in USD) of avocados in the US Market
img 618200b251a68

Source: USDA Market News via Agronometrics.
(Agronometrics users can view this chart with live updates here)

Mission also uses Avocado Intel, its in-house, data-driven intelligence capabilities to adjust its programming for the benefit of its customers and provide first-class category management support. The data Mission gathers on the avocado category is cutting-edge, specific, and custom to the target demographic of each of Mission’s customers to help them be more profitable, attract more shoppers, and reduce shrink.

The News in Charts is a collection of stories from the industry complemented by charts from Agronometrics to help better tell their story.

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