According to IMARC Group’s latest report, Avocado Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, the global market reached a value of US$ 519.5 Million in 2021. Looking forward, IMARC Group expects the global avocado oil market to reach US$ 770.9 Million by 2027, exhibiting at a CAGR of 6.6% during 2022-2027.
Avocado oil refers to the natural oil obtained from the pulp of the avocado plant. It is made up of the monounsaturated fatty acid omega-9, a heart-healthy oleic acid. Avocado oil is categorized into various types, such as extra virgin, blended, and refined. It is high in potassium and fiber, has good flavor, and is rich in texture.
Avocado oil has an antioxidant, emollient, moisturizing, and toning effect that keeps the skin glowing and aids in reducing blemishes, dry skin, wrinkles, and acne. As a result, it finds widespread utilization across several sectors, including food and beverage (F&B), cosmetics, pharmaceutical, etc.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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The escalating awareness towards the nutritional and health benefits of this natural substance is among the primary factors driving the avocado oil market. Besides this, the elevating prevalence of various lifestyle disorders, such as obesity, diabetes, cardiovascular diseases (CVDs), etc., on account of the rising consumption of high-fat butter and other food items by individuals, is further augmenting the market growth.
Apart from this, the inflating demand for nutritious ingredients in the everyday dietary habits of consumers, owing to the increasingly health-conscious population, is also catalyzing the global market. Moreover, the emerging trend of organic skin and personal care products utilizing avocado oil is acting as another significant growth-inducing factor.
Furthermore, the growing product popularity in the medical sector, as it enhances digestion, supports weight reduction, improves heart health, carries out detoxification, etc., is anticipated to propel the avocado oil market over the forecasted period.
Avocado Oil Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
- Olivado Group
- Grupo Industrial Batellero
- The Village Press
- Spectrum organics
- Bella Vado
- Chosen Foods LLC
Key Market Segmentation:
The report has segmented the global avocado oil market on the basis of product type, application, distribution channel and region.
- Extra Virgin Oil
- Refined Oil
- Food and Beverages
- Business to Business
- Business to Consumer
- Convenience Stores
- Online Stores
- North America
- Asia Pacific
- Middle East and Africa
- Latin America.
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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