The rise of the avocado can be considered "meteoric" as the sun-loving green fruit has become a staple of the American diet due to its versatility. The food can be included with eggs for breakfast, as a spread for a lunchtime sandwich, in a salad for dinner or as guacamole for a snack. However, the rise is also due in no small part to prime-time advertising by Avocados from Mexico. The organization had advertised during the World Series for years, and this year, they invested in a well-received and funny advertisement for the Super Bowl.
The advertisements have seemed to work: record imports for the Big Game were reported in February. Now, the U.S. avocado industry is gearing up for their biggest holiday: Cinco de Mayo. U.S. consumers will flock to stores in the coming weeks to purchase guacamole and tequila to celebrate the Mexican holiday. It also roughly marks the beginning of the California avocado season, and growers and marketers typically face steep competition from Mexico during this time period. This year may be different, however, as The Packer reports that California growers have a surplus of larger varieties of the fruit while Mexico is reporting large volumes of Hass 48s and smaller. The two deals may compliment each other rather than compete with each other this year.
Avocados from Mexico has at least one more ace up its sleeves, and the organization may have learned it from U.S. marketers that are trying to boost sales via star-studded campaigns. The group recently announced that Maggie Jiminéz, known for her work on Kraft and the Got Milk? campaigns as well as her television duties with Univison, will be a brand ambassador focused primarily on Hispanic consumers. The "Echale" campaign coincides with the launch of a new Hispanic website, complete with a community of avo-lovers looking to share recipes and tricks concerning the fruit, further proving the emergence of this superfood as a cultural powerhouse.
Several food companies reported earnings over the last week. While manufacturing and retail are thriving with increased sales during the pandemic, portions of the foodservice segment continues to struggle.read more
Chris is a business writer and market analyst that focuses on the Markets, Legal and Washington sections of the Food Institute Report. In addition, he assists in compiling data for various Food Institute publications throughout the year. He invites you to contact him via email at firstname.lastname@example.org to talk about anything food-related.
There are no comments, yet. Why don't you add one?
10 Mountainview Road
Upper Saddle River, NJ 07458
Food Institute reps are available to answer your questions
BECOME A MEMBER
For close to 90 years, The Food Institute has been the best "single source" for food industry executives, delivering actionable information daily via email updates, weekly through The Food Institute Report and via a comprehensive web research library. Our information gathering method is not just a "keyword search."