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Avocado Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Report Format: PDF+Excel | Report ID: SR112023A1282
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Market Overview:
The global avocado oil market size reached US$ 550.7 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 776.7 Million by 2028, exhibiting a growth rate (CAGR) of 5.5% during 2023-2028.
Avocado oil is the natural oil extracted from avocado's pulp. Around 70% of avocado oil is made up of heart-healthy oleic acid, a monounsaturated fatty acid of omega-9. Avocado is high in fiber, potassium, rich in texture and has good flavor. Because of its health benefits, the health-conscious population represents a major consumer base for avocado oil, especially those who are struggling with obesity and heart problems. Apart from the food and beverage industry, avocado oil also finds wide applications in pharmaceutical and cosmetic products. It has moisturizing, antioxidant, emollient and toning effect that keeps the skin glowing and helps in reducing blemishes, dry skin, wrinkles and acne.
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The avocado oil industry is currently exhibiting healthy growth rates. The market has been primarily driven by the growing awareness of the nutritional and health benefits associated with avocado oil. Apart from this, driven by an increasing prevalence of various lifestyle disorders such as diabetes, obesity, cardiovascular disorders, etc. resulting from an increasing consumption of high-fat butter and oils is further expected to increase the demand for healthy oils such as avocado oil. Moreover, rising avocado oil demand from the healthcare industry is also expected to create a positive impact on the growth of the market.
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Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global avocado oil market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on product type, application and distribution channel.
Breakup by Product Type:
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Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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- Extra Virgin Oil
- Refined Oil
- Blends
- Others
Breakup by Application:
- Food and Beverages
- Cosmetics
- Pharmaceuticals
- Others
Breakup by Distribution Channel:
- Business to Business
- Business to Consumer
- Supermarkets/Hypermarkets
- Convenience Stores
- Online Stores
- Others
Regional Insights:
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- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America.
Competitive Landscape:
The competitive landscape of the global avocado oil market has also been analyzed. Some of the leading players operating in the market are:
- Olivado Group
- Sesajal
- Grupo Industrial Batellero
- The Village Press
- Spectrum organics
- Bella Vado
- Chosen Foods LLC
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2022 |
| Historical Period | 2017-2022 |
| Forecast Period | 2023-2028 |
| Units | US$ Million |
| Segment Coverage | Product Type, Application, Distribution Channel, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Companies Covered | Olivado Group, Sesajal, Grupo Industrial Batellero, The Village Press, Spectrum organics, Bella Vado and Chosen Foods LLC |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global avocado oil market was valued at US$ 550.7 Million in 2022.
We expect the global avocado oil market to exhibit a CAGR of 5.5% during 2023-2028.
The growing consumer awareness towards nutritional and health benefits associated with avocado oil, represents one of the key factors driving the global avocado oil market.
The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of avocado oil.
Based on the product type, the global avocado oil market can be segregated into extra virgin oil, refined oil, blends, and others. Currently, extra virgin oil exhibits clear dominance in the market.
Based on the application, the global avocado oil market has been divided into cosmetics, food and beverages, pharmaceuticals, and others. Among these, food and beverages industry currently represents the largest market share.
Based on the distribution channel, the global avocado oil market can be bifurcated into business to business and business to consumer. Currently, business-to-business distribution channel holds the majority of the total market share.
On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where North America currently dominates the global market.
Some of the major players in the global avocado oil market include Olivado Group, Sesajal, Grupo Industrial Batellero, The Village Press, Spectrum Organics, Bella Vado, Chosen Foods LLC, etc.
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