5 Year Economic Study Shows Investments Pay
In aiming to maintain and expand demand for avocados within the United States, the Hass Avocado Board (HAB) commissioned a five-year economic study (2013-2017) to determine efficacy and ROI of assessments. The study was conducted by independent researchers at the University of California, Davis (UC Davis).
Researchers concluded the following:
- Promotion programs funded primarily by HAB assessments paid off handsomely for California Hass avocado producers and importers of Hass avocados during the review period.
- Promotion programs conducted by HAB and its member associations played a fundamental role in expanding demand for Hass avocados in the United States.
“The findings of this independent study confirm the important catalyst role that HAB plays in making avocados the envy of the produce industry,” said HAB Executive Director Emiliano Escobedo. “Our job is to make avocados America’s most popular fruit – and it’s working.”
Why Demand & Consumption are Rising
In an effort to try and understand all of the growth drivers that helped make a little-known fruit out of California one of the fastest growing categories in all of produce, the researchers at UC Davis went through a rigorous and meticulous process to identify benefits of the coordinated efforts, the monetary investments, and the go to market strategies that were employed by all of the players to achieve this success. This study was engaged to understand the economic benefit to all participants, and to study the ROI of the resources they put against making avocados the “toast” of produce.
- The projects and investments of HAB itself
- The affiliated and coordinated effort of the California Avocado Commission, Avocados from Mexico, the Peruvian Avocado Commission, and Avocados from Chile
They assessed how all of these well planned and well strategized marketing efforts were creating value and returns to avocado producers and importers here in the United States.
Increased Sales Linked to Higher Demand not Lower Prices
Researchers also found that the expansion of sales in the U.S. market has been achieved primarily through rising demand not lower prices. The programs delivered a benefit to cost ratio ranging from 1.6 to 3.6 for the California producers and importers of Hass avocados who funded them.
Ultimately, the analysis suggests that an expansion of the programs – even by a small amount – would further increase grower and importer profits.
But don’t take our word for it – read the study yourself and learn about the findings that an independent third-party expert reported about our industry, our growth, and our positive economic benefit we are creating for produces and importers of our favorite super food – Hass Avocados.
Read the report for yourself to see what is driving all this goodness.
Continuing the celebration of HAB’s 20th anniversary, we’re pleased to recognize individuals who have played a prominent role in building or growing our organization over the past two decades.
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Catch up with the Avocado Goodness Experts (AGEs) who work to add value, credibility, and trust to our communications with health professionals. See how and why their influence is growing the industry.