The United States avocado oil market size reached US$ 222.3 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 316.1 Million by 2028, exhibiting a growth rate (CAGR) of 6.12% during 2023-2028.
Avocado oil is an organic oil extracted from the pulp of the avocado fruit. It is a rich source of oleic acid, vitamin E, monosaturated fat, and lutein carotenoid. It offers several health benefits, such as improving eye and heart health, lowering cholesterol, reducing blood pressure (BP), and minimizing symptoms of osteoarthritis. It also aids in absorbing fat-soluble vitamins, moisturizing and enhancing the skin tone, and preventing wrinkles, acne, and blemishes.
United States Avocado Oil Market Trends:
The rising health consciousness among individuals, along with the increasing adoption of a vegetarian diet, represents one of the key factors positively influencing the sales of avocado oil in the United States. Additionally, the growing prevalence of lifestyle diseases is driving the demand for avocado oil as a butter and vegetable oil replacement. Apart from this, the escalating demand for dietary supplements for weight management and boosting digestion is positively influencing the market. Moreover, a considerable reliance on online shopping applications on account of the convenience offered and wide catalog and fast shipping facilities is providing lucrative growth opportunities to key players operating in the country for strengthening their presence in the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the United States 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
Breakup by Application:
- Food and Beverages
Breakup by Distribution Channel:
- Business to Business
- Business to Consumer
- Convenience Stores
- Online Stores
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
|Base Year of the Analysis
||Product Type, Application, Distribution Channel, Region
||Northeast, Midwest, South, West
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Key Questions Answered in This Report:
- How has the United States avocado oil market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the United States avocado oil market?
- What are the key regional markets?
- What is the breakup of the market based on the product type?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the distribution channel?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the United States avocado oil market and who are the key players?
- What is the degree of competition in the industry?