Avocado Oil Market
Global Avocado Oil Market Size, Share & Trends Analysis Report by Type (Extra Virgin Oil, Virgin Oil, Pure/Refined Oil, and Blend), by Application (Food and Beverages, Pharmaceuticals and Medicinal Formulations, Personal Care and Cosmetics, and Others), Forecast Period (2022-2028) Update Available - Forecast 2024-2030
The global avocado oil market is anticipated to grow at a significant CAGR of 6.1% during the forecast period. Avocado oil is a natural oil that contains many vitamins such as C, B6, E, B5, and others, it also contains various antioxidants such as Omega9, carotenoids, folate, potassium, and other trace minerals. The several health benefits of avocado oil such as balancing cholesterol levels, natural moisturizer, effectiveness for dried eyes, effecting for reducing body fats, effectiveness in sugar control, and others will grow the market for avocado oil during the forecast period. According to the updated data of the Centers for Disease Control and Prevention (CDC), around 97 million US adults age 20 or older have increased cholesterol levels higher than normal and more than 22 million adults in the US have cholesterol levels higher than 240mg/dL, as high cholesterol level increases the risk of for heart diseases and stroke which can be fatal. All these factors significantly contribute to the growth of the market.
Segmental Outlook
The global avocado oil market is segmented based on type and application. Based on the type, the market is segmented into extra virgin oil, virgin oil, pure/refined oil, and blend. Based on application, the market is sub-segmented into food and beverages, pharmaceuticals and medicinal formulations, personal care and cosmetics, and others. Among the type, the extra virgin oil is anticipated to hold a significant share in the market for avocado oil across the globe, owing to the rising trend of applying the oil directly to the skin.
The Food and Beverages Segment is Expected to Hold a Significant Share in the Global Avocado Oil Market
Based on application, the food and beverage segment is expected to hold a significant share in the avocado oil market across the globe. Owing to the demand for avocado oil due to its health benefits, it is highly being used in manufacturing processed food as an essential ingredient, which is accelerating market growth. Additionally, the increasing preference of consumers toward these processed specialty foods has also propelled the production of such products. For instance, in 2020 General Mills Inc. launched keto-friendly flavored yogurt, which is very high in fat, low in carbs, and sugar. The company uses ingredients including avocado oil, pasteurized ultra-filtered nonfat milk, pasteurized milk, and milk fat to make a thick and creamy texture
Regional Outlooks
The global avocado oil market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). The market can be analyzed for a particular region or country level as per the requirement. Among these, Latin America is expected to hold a prominent share of the global avocado oil market. Nations such as Mexico and others in the region are major producers and exporters of avocados across the globe, which is the major factor supporting the growth of the market. According to the World Avocado Market, in 2019, around 1,900,000 tonnes and 1,198,000 tonnes of avocados were domestically produced and exported by Mexico, respectively.
Global Avocado Oil Market Growth, by Region 2022-2028
The Asia-Pacific Region is Expected to Grow at a Remarkable Pace in the Global Avocado Oil Market
The Asia-Pacific region is expected to hold a considerable share of the avocado oil market during the forecast period. Continuously changing consumer buying patterns such as recognizing the supplement synthesis of a nourishing item, and an inclination towards natural and organic products is anticipated to create lucrative growth opportunities for the market across the region. As the avocado oil are are pure and made from organic avocados rich in monounsaturated fats and other important nutrients. Owing to such factors the government of the nations such as China, India, and others is also investing in the production of avocado crops. For instance, in May 2022, the government of China and India signed a deal with the Avocado Society of Kenya to establish a production facility of avocados across the countries. According to the Avacado Society of Kenya, China has a huge potential due to its climatic conditions which are not conducive to avocado farming.
Market Players Outlook
The major companies serving the global avocado oil market include La Tourangelle, Inc., Hain Celestial Group, Inc., Tanlay AG Trading, Avocado Oil New Zealand Ltd., Cibaria International Inc., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in August 2021 Vital farms, Inc. launched new spreadable butter made with pasture-raised butter and avocado oil, sea salt, and has the highest butterfat content. Thes ingredients create a flavorful and creamy tub of butter.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global avocado oil market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Recovery Scenario of Global Avocado Oil Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Avocado Oil New Zealand Ltd.
3.1.1.1. Overview
3.1.1.2. Financial Analysis
3.1.1.3. SWOT Analysis
3.1.1.4. Recent Developments
3.1.2. Cibaria International Inc.
3.1.2.1. Overview
3.1.2.2. Financial Analysis
3.1.2.3. SWOT Analysis
3.1.2.4. Recent Developments
3.1.3. Hain Celestial Group, Inc.
3.1.3.1. Overview
3.1.3.2. Financial Analysis
3.1.3.3. SWOT Analysis
3.1.3.4. Recent Developments
3.1.4. La Tourangelle, Inc.
3.1.4.1. Overview
3.1.4.2. Financial Analysis
3.1.4.3. SWOT Analysis
3.1.4.4. Recent Developments
3.1.5. Tanlay AG trading
3.1.5.1. Overview
3.1.5.2. Financial Analysis
3.1.5.3. SWOT Analysis
3.1.5.4. Recent Developments
3.2. Key Strategy Analysis
4. Market Segmentation
4.1. Global Avocado Oil Market by Type
4.1.1. Extra Virgin Oil
4.1.2. Virgin Oil
4.1.3. Pure/Refined Oil
4.1.4. Blend
4.2. Global Avocado Oil Market by Application
4.2.1. Food and Beverages
4.2.2. Pharmaceuticals and Medicinal Formulations
4.2.3. Personal Care and Cosmetics
4.2.4. Others
Regional Analysis
4.3. North America
4.3.1. United States
4.3.2. Canada
4.4. Europe
4.4.1. UK
4.4.2. Germany
4.4.3. Italy
4.4.4. Spain
4.4.5. France
4.4.6. Rest of Europe
4.5. Asia-Pacific
4.5.1. China
4.5.2. India
4.5.3. Japan
4.5.4. South Korea
4.5.5. Rest of Asia-Pacific
4.6. Rest of the World
5. Company Profiles
5.1. Antipodes
5.2. Vital Farms, Inc.
5.3. Crofts Ltd.
5.4. Sesajal LLC
5.5. Black & Green
5.6. Alfa Laval India Pvt. Ltd.
5.7. THE VINCENT CORP.
5.8. Avocado Health Ltd.
5.9. M/S Fragrance World
5.10. P. Mirchandani Pty Ltd.
5.11. Flottweg SE
5.12. Creede Olive Oil Co.
5.13. Shay and Company, Inc.
5.14. Olive oil Co.
5.15. Westfalia Fruit (Pty) Ltd.
1. GLOBAL AVOCADO OIL MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
2. GLOBAL EXTRA VIRGIN AVOCADO OIL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL VIRGIN AVOCADO OIL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL PURE/REFINED AVOCADO OIL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
5. GLOBAL BLEND AVOCADO OIL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL AVOCADO OIL MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
7. GLOBAL AVOCADO OIL FOR FOOD AND BEVERAGES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL AVOCADO OIL FOR PHARMACEUTICALS AND MEDICINAL FORMULATIONS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL AVOCADO OIL FOR PERSONAL CARE AND COSMETICS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL AVOCADO OIL FOR OTHERS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL AVOCADO OIL MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
12. NORTH AMERICAN AVOCADO OIL MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
13. NORTH AMERICAN AVOCADO OIL MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
14. NORTH AMERICAN AVOCADO OIL MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
15. EUROPEAN AVOCADO OIL MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
16. EUROPEAN AVOCADO OIL MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
17. EUROPEAN AVOCADO OIL MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
18. ASIA-PACIFIC AVOCADO OIL MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
19. ASIA-PACIFIC AVOCADO OIL MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
20. ASIA-PACIFIC AVOCADO OIL MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
21. REST OF THE WORLD AVOCADO OIL MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
22. REST OF THE WORLD AVOCADO OIL MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
23. REST OF THE WORLD AVOCADO OIL MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
1. GLOBAL AVOCADO OIL MARKET SHARE BY TYPE, 2021 VS 2028 (%)
2. GLOBAL EXTRA VIRGIN AVOCADO OIL MARKET SHARE BY REGION, 2021 VS 2028 (%)
3. GLOBAL VIRGIN AVOCADO OIL MARKET SHARE BY REGION, 2021 VS 2028 (%)
4. GLOBAL PURE/REFINED AVOCADO OIL MARKET SHARE BY REGION, 2021 VS 2028 (%)
5. GLOBAL BLEND AVOCADO OIL MARKET SHARE BY REGION, 2021 VS 2028 (%)
6. GLOBAL AVOCADO OIL MARKET SHARE BY APPLICATION, 2021 VS 2028 (%)
7. GLOBAL AVOCADO OIL FOR FOOD AND BEVERAGES MARKET SHARE BY REGION, 2021 VS 2028 (%)
8. GLOBAL AVOCADO OIL FOR PHARMACEUTICALS AND MEDICINAL FORMULATIONS MARKET SHARE BY REGION, 2021 VS 2028 (%)
9. GLOBAL AVOCADO OIL FOR PERSONAL CARE AND COSMETICS MARKET SHARE BY REGION, 2021 VS 2028 (%)
10. GLOBAL AVOCADO OIL FOR OTHERS MARKET SHARE BY REGION, 2021 VS 2028 (%)
11. GLOBAL AVOCADO OIL MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
12. US AVOCADO OIL MARKET SIZE, 2021-2028 ($ MILLION)
13. CANADA AVOCADO OIL MARKET SIZE, 2021-2028 ($ MILLION)
14. UK AVOCADO OIL MARKET SIZE, 2021-2028 ($ MILLION)
15. FRANCE AVOCADO OIL MARKET SIZE, 2021-2028 ($ MILLION)
16. GERMANY AVOCADO OIL MARKET SIZE, 2021-2028 ($ MILLION)
17. ITALY AVOCADO OIL MARKET SIZE, 2021-2028 ($ MILLION)
18. SPAIN AVOCADO OIL MARKET SIZE, 2021-2028 ($ MILLION)
19. REST OF EUROPE AVOCADO OIL MARKET SIZE, 2021-2028 ($ MILLION)
20. INDIA AVOCADO OIL MARKET SIZE, 2021-2028 ($ MILLION)
21. CHINA AVOCADO OIL MARKET SIZE, 2021-2028 ($ MILLION)
22. JAPAN AVOCADO OIL MARKET SIZE, 2021-2028 ($ MILLION)
23. SOUTH KOREA AVOCADO OIL MARKET SIZE, 2021-2028 ($ MILLION)
24. REST OF ASIA-PACIFIC AVOCADO OIL MARKET SIZE, 2021-2028 ($ MILLION)
25. REST OF THE WORLD AVOCADO OIL MARKET SIZE, 2021-2028 ($ MILLION)
