Avocado Oil Market Research and Growth Forecast 2021-2028
Avocado oil is extracted from the Persea Americana fruit and is used as a cooking oil, in cosmetics, and for lubrication, due to its moisturizing and regenerative properties. Avocado fruit is also known as butter pea or vegetable butter originated in Central America. Avocado oil consists high concentration of potassium, vitamins such as A, D, and E, and monounsaturated fats. Some of the properties of avocado oil are high smoke point to stop overheating of the oil and high monounsaturated fatty acids, fuels growth of the avocado oil market. Furthermore, increasing demand for healthy and natural foods is anticipated to fuel the market growth. The reduction of cholesterol level, control of psoriasis, and osteoarthritis are some of the benefits associated with avocado oil make it useful for the treatment of coronary heart disease, peripheral artery disease, and carotid artery disease, among others. Avocado is also used for the treatment of diabetes as it has low glycemic index by controlling its blood sugar level.
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Among product types, extra virgin avocado oil segment accounted for the largest share in 2016. This is mainly owing to absence of chemical additives during the extraction process. This is the highest quality product extracted from high quality of fruit at low temperature. The extra virgin avocado oil is best used for dressings as no high heating takes place whereas non-extra virgin oil can be used for sautéing, grilling, frying, roasting, and baking dishes. The avocado oil market is classified on the basis of applications such as personal care products, cooking, medicinal products, and others. The personal care products is expected to hold for the largest market revenue over the forecast period (2017 to 2025), owing to its rapid absorption and high skin penetration. The positive impact of this oil for hair growth and cosmetic products such as nourishing creams, massage creams, and body lotions expected to fuel the avocado oil market growth.
North America accounted to hold a revenue share of 58.12% in the global avocado oil market in 2016. However, presence of other healthier oils such as olive oil and safflower oil, is expected to act as a restraint for the growth of avocado oil market.
Major Players in Global Avocado Oil Market:
Some of the key players operating in the global avocado oil market are Sesajal S.A. de C.V., Olivado, Grupo Industrial Batellero S.A. de C.V, YASIN, Tron Hermanos SA de CV, The Village Press, Bella Vado, Chosen Foods LLC, and Storino’s Quality Products.
Market Dynamics
North America is expected to hold dominant position in the global avocado oil market over the forecast period. This is mainly owing to increasing awareness related to healthy lifestyle and growing chronic diseases such as cancer, diabetes, asthma and Chronic Obstructive Pulmonary Disease (COPD). The standards have been proposed in Europe, to ensure that the sold avocado oil is of good quality in terms of composition, sensory, and other properties. The standards are important for cold pressed avocado oil, due to its production and culinary consumption, with its distinctive flavor is increasing worldwide. The avocado flesh must be free form pest, damage caused by low temperature, clean and free from any foreign matter are some of the minimum requirements as proposed in UNECE (United Nations Economic Commission for Europe) standards.
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Key features of the study:
- This report provides in-depth analysis of avocado oil and provides market size (US$ Million & Thousand Tons) and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2017 – 2025), considering 2016 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
- It profiles leading players in the global avocado oil market on the basis of the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
- Key companies covered as a part of this study include Sesajal S.A. de C.V., Olivado, Grupo Industrial Batellero S.A. de C.V, YASIN, Tron Hermanos SA de CV, The Village Press, Bella Vado, Chosen Foods LLC, and Storino’s Quality Products.
- Insights from this report would allow marketers and the management authorities of companies to make informed decisions regarding their future product launch, technology up-gradation, market expansion, and marketing tactics
- The global avocado oil market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision making through the various strategy matrices used in analyzing the avocado oil market
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