Latest News- Avocado Oil Market: Refined avocado oil is expected to lead the Product segment during 2025-2029

The Avocado Oil Market is being driven by Health benefits of avocado oil

The Avocado Oil Market is expected to grow at a CAGR of 13.8% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 710.8 million. In the edible oil market, avocado oil is frequently utilized in oil blends to optimize its beneficial properties. Carefully selected oils, such as coconut oil, safflower oil, olive oil, almond oil, shea butter, and grapeseed seed oil, are blended with avocado oil. The precise volume ratio of each oil is crucial to preserve the value and smoke point of the resulting hybrid oil. During the blending process, various oil characteristics, including color, viscosity, smoke point, fatty acid composition, aroma, and other relevant factors, are meticulously analyzed to determine the optimal blend proportion. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Refined avocado oil
  • Crude avocado oil
• Distribution Channel
  • Offline
  • Online
• Application
  • Food and beverages
  • Pharmaceuticals and medicinal formulations
  • Personal care and cosmetics
  • Others
• Type
  • Extra virgin oil
  • Virgin oil
  • Pure or refined oil
  • Blend
• Geography
  • North America
    • Canada
    • Mexico
    • US
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Europe
    • Germany
    • UK
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Health benefits of avocado oil
• Higher smoke point compared to other oils
• Versatile applications of avocado oil

However, the market also witnesses some limitations, which are as follows:

• Stringent regulations
• Stiff competition from other oils
• Lower popularity of avocado oil

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Market Scope in Avocado Oil Market Research Report

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Research Analysis Overview

The Avocado Oil market showcases a product known for its high heat tolerance and impressive smoke point, making it a preferred choice for cooking at high temperatures. Its flavor profile is mild and buttery, enhancing various dishes. Proper storage and stability prevent oxidation and rancidity, ensuring Avocado Oil retains its vibrant color, clarity, and desirable texture. Allergens are minimal, and traceability is ensured through various certification programs. Additionally, Avocado Oil has applications in biodiesel production, lubricants, and bioplastics industries.

Market Research Overview

In the context of the global packaged foods and meats market, avocado oil, specifically Refined, Organic, and Cold-Pressed variants, plays a significant role as a healthy ingredient. This market encompasses food processing vendors, whose primary function is to enhance food safety and extend shelf life. According to Technavio, the market's size is determined by the consolidated revenue of these vendors. It's important to note that the market does not encompass manufacturers of food processing equipment or producers of packaged alcoholic and non-alcoholic beverages, including mineral waters. The growth of the global packaged foods and meats market is driven by the increasing consumer preference for minimally processed foods, such as avocado oil, which offer health benefits, including the presence of essential nutrients like potassium, dietary fiber, folate (folic acid), vitamin A, and vitamin C.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/