Mexico Avocado Oil Market Share, Size, Growth, Opportunity and Forecast 2023-2028

Mexico Avocado Oil Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A5644

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Market Overview:

The Mexico avocado oil market is expected to exhibit a growth rate (CAGR) of 7.3% during 2023-2028.

Avocado oil is extracted from the pulp of avocado through a cold-pressing technique. It has nourishing and detoxifying properties that help improve the health of the skin. It also promotes weight loss, improves digestion, minimizes cholesterol levels, and reduces the risk of developing neurological disorders. In addition, as it is rich in oleic acid, vitamins, monosaturated fat, lutein carotenoid, antioxidants, and other essential nutrients, avocado oil is widely used in a diverse range of dishes across Mexico.

Mexico Avocado Oil Market Trends:

Rapid urbanization, rising purchasing power of consumers, and an increasing preference for cooking in a healthy oil fortified with essential nutrients are among the major factors bolstering the market growth in Mexico. Apart from this, the growing consumption of ready-to-eat (RTE) food products is offering lucrative growth opportunities to key players operating in the country to attract a wider consumer base. Furthermore, the increasing utilization of avocado oil in the manufacturing of dietary supplements that are consumed by individuals to meet nutritional requirements is creating a positive outlook for the market in the country.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the Mexico avocado oil market report, along with forecasts at the country and regional level from 2023-2028. Our report has categorized the market based on product type, application and distribution channel.

Breakup by Product Type:

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

Breakup by Region:

North
Center
West
East

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

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	North, Center, West, East
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 2699 Five User License: US$ 3699 Corporate License: US$ 4699
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)

Key Questions Answered in This Report

We expect the Mexico avocado oil market to exhibit a CAGR of 7.3% during 2023-2028.

The rising consumer awareness towards the nutritional and health benefits of avocado oil, such as promoting weight loss, improving digestion, minimizing cholesterol levels, etc., is primarily driving the Mexico 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 across the nation.

Based on the product type, the Mexico avocado oil market can be categorized into extra virgin oil, refined oil, blends, and others. Currently, extra virgin oil accounts for the majority of the total market share.

Based on the application, the Mexico avocado oil market has been segregated into food and beverages, cosmetics, pharmaceuticals, and others. Among these, the food and beverage sector holds the largest market share.

Based on the distribution channel, the Mexico avocado oil market can be bifurcated into business to business and business to consumer. Currently, business to business exhibits a clear dominance in the market.

On a regional level, the market has been classified into North, Center, West, and East, where West currently dominates the Mexico avocado oil market.

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