According to the latest report by IMARC Group, titled “Avocado Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global avocado oil market size reached US$ 519.5 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 770.9 Million by 2027, exhibiting at a CAGR of 6.6% during 2022-2027.
Avocado oil is an edible oil that is pressed from the pulp of avocados. It contains high levels of oleic acid, which is a monounsaturated omega-9 fatty acid that has been proven healthy for the heart. It is also a rich source of essential minerals, beta carotene, protein, potassium, lecithin, and vitamins A, D, and E, along with small amounts of polyunsaturated fat. Apart from the food and beverages industry, it forms an essential part of the cosmetic industry owing to its antioxidant and anti-inflammatory properties. When applied on the skin, it calms itchiness, heals chapped areas, treats acne, replenishes dryness, prevents blemishes, reduces signs of aging, increases collagen metabolism and shields the skin from ultraviolet damage.
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Market Trends:
The growing awareness about the rich nutritional profile of avocado oil is one of the key factors driving the market. With the rise health-consciousness across the globe, consumers are now inclined toward incorporating healthy ingredients in their daily dietary habits. Furthermore, hectic lifestyle has significantly reduced physical activeness, thus resulting in the emergence of various lifestyle diseases. In order to combat this, consumers are increasingly replacing butter and vegetable oil containing high concentrations of saturated fats with avocado oil, which has a higher content of beneficiary fatty acids. In addition to this, the rising popularity of organic skin care and personal care products is contributing to the sales of carrier oils, thus further augmenting the demand for avocado oil.
Key Market Segmentation:
Breakup by Product Type:
Extra Virgin OilRefined OilBlendsOthersBreakup by Application:
Food and BeveragesCosmeticsPharmaceuticalsOthersBreakup by Distribution Channel:
Business to BusinessBusiness to ConsumerSupermarkets/HypermarketsConvenience StoresOnline StoresOthersRegional Insights:
North AmericaEuropeAsia PacificMiddle East and AfricaLatin AmericaCompetitive Landscape With Key Players:
The competitive landscape of the global avocado oil market has also been analyzed. Some of the leading players operating in the market are:
Olivado GroupSesajalGrupo Industrial BatelleroThe Village PressSpectrum organicsBella VadoChosen Foods LLCAsk Analyst for Customization and Explore Full Report With TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=1282&flag=C
Key Highlights of the Report:
Market Performance (2016-2021)Market Outlook (2022-2027)Market TrendsMarket Drivers and Success FactorsImpact of COVID-19Value Chain AnalysisComprehensive mapping of the competitive landscapeIf 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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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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