Fresh Del Monte Partners with Managro Group to Expand Avocado and Lime Production

Fresh Del Monte Produce Inc., a global leader in the production and distribution of fresh fruits and vegetables, has announced an exciting new joint venture with Managro Group, an agricultural powerhouse based in Colombia known for its lime and avocado exports. This strategic partnership aims to enhance the production capabilities of avocados and limes by investing in a new packing house in Colombia.

Enhancing Supply Chain Capabilities

The new facility is designed to serve Fresh Del Monte’s North American and European markets, ensuring a steady supply of high-quality avocados and limes throughout the year. With Colombia’s favorable growing conditions, this venture aligns with Fresh Del Monte’s strategy to diversify their sourcing and amplify their presence in these rapidly growing markets.

A Bold Step Forward

“This joint venture is a significant milestone in our long-term vision to lead in high-growth segments of fresh produce,” said Danny Dumas, Senior Vice President of Sales, Marketing, and Product Management for North America at Fresh Del Monte. “Partnering with Managro not only enhances our vertical integration but also strengthens our global footprint, solidifying our role as a year-round supplier of premium avocados and limes.”

Market Growth and Opportunities

The avocado and lime markets are on a trajectory of strong growth, fueled by increasing global demand for health-conscious, nutrient-rich foods. Reports from Fact.MR indicate that the global lime market is expected to rise from $48 billion in 2024 to $62 billion by 2034, reflecting a compound annual growth rate (CAGR) of 2.5%. Similarly, the global avocado market is projected to grow from approximately $19 billion in 2024 to about $34 billion by 2034, showcasing a robust 5.9% CAGR.

Strategic Advantages

This joint venture exploit Colombia’s strategic advantages in production, combined with Managro’s extensive expertise in product lines and Fresh Del Monte’s global distribution capabilities. This collaborative approach aims to consistently meet the increasing demand for avocados and limes, ensuring quality and scale across both product categories.

Commitment to Innovation and Quality

Through this initiative, Fresh Del Monte reaffirms its commitment to growth, innovation, and delivering premium produce that aligns with the evolving demands of consumers worldwide.

For more updates and insights on the produce industry, subscribe to Gourmet News.