Avocado Oil Market Size to grow by USD 778.7 million between 2024-2028
According to a research report “ Avocado Oil Market” by Product (Refined avocado oil, Crude avocado oil) Distribution Channel (Offline, Online) Geography (North America, APAC, Europe, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 778.7 million, at a CAGR of almost 16.24% during the forecast period. Avocado oil, derived from the fruit of the avocado tree, is a premium culinary and cosmetic ingredient renowned for its rich nutritional profile. This oil is a valuable source of essential nutrients, including proteins, iron, magnesium, vitamins, and minerals. Notably, it contains a substantial amount of monounsaturated oleic acid, accounting for approximately 70% of its total fat content. Oleic acid is an essential fatty acid, known for its health benefits, such as reducing inflammation, aiding in wound recovery, and promoting cell regeneration. Furthermore, avocado oil is rich in omega-3 fatty acids, dietary fibers, folic acid, potassium, and various vitamins, including A, B1, B2, B3, B5, B6, E, K, and C. These nutrients contribute to improved heart health, enhanced eyesight, better digestion, and detoxification of the body. Avocado oil's unique nutrient composition makes it an indispensable addition to both personal care and culinary applications.
Browse market data tables, figures, and in-depth TOC on “Avocado Oil Market” by Product (Refined avocado oil, Crude avocado oil) Distribution Channel (Offline, Online) Geography (North America, APAC, Europe, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample
By Product, the Refined avocado oil segment is projected to dominate the market size in 2024
In the avocado oil market, organized retailing channels, specifically hypermarkets and supermarkets, play a significant role in facilitating consumer purchases. Major retailers such as Tesco Plc (Tesco), Carrefour Group, and Target Brands Corp. (Target) offer a wide selection of avocado oil brands to consumers through these channels. The expansion of these retailers globally is anticipated to fuel the growth of the offline segment, thereby enhancing the visibility of vendor products and increasing demand.
By Distribution Channel, Offline segment is expected to hold the largest market size for the year 2024
In the business realm of specialty oils, avocado oil holds a significant position, offering various forms to cater to diverse culinary applications. The refined avocado oil market encompasses three primary categories: extra virgin avocado oil, virgin avocado oil, and others, including butter, blends, and sprays. Extra virgin avocado oil, produced via cold-pressed extraction, boasts a high smoke point and retains superior nutritional value, aroma, and robust flavor. Its natural taste is preserved as no preservatives, flavors, or coloring agents are added during processing. This premium oil is versatile, suitable for emulsifying, spreading, dipping, drizzling, as well as frying, sautéing, grilling, searing, and baking.
North America is forecasted to hold the largest market size by region in 2024
The avocado oil market is experiencing significant growth due to its health benefits and increasing consumer preference for natural and organic products. This premium oil, derived from ripe avocados, offers a rich source of monounsaturated fats and vitamins A, D, and E. Companies are investing in sustainable farming practices and innovative production methods to meet the surging demand. Market size is projected to expand at a robust CAGR through 2027.
The Avocado Oil Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
The Avocado Oil Market has witnessed significant growth in recent years, as consumers seek alternatives to traditional oils like Olive and Sunflower. Avocado oil, rich in monounsaturated fats and antioxidants, is a preferred choice for those following plant-based diets, vegetarian, or vegan lifestyles. Its good fat content and relatively low saturated fat make it an ideal ingredient for processed food and organic food products. The extraction technology used in producing avocado oil ensures that it retains its high nutritional value, including Vitamin E and various antioxidants. With a focus on environmental care, the market for certified organic avocado oils is expanding, catering to the demands of the upper-middle class and urbanized populations. Avocado oil's versatility extends beyond the kitchen. It is increasingly used in the cosmetics industry for hair care products and skincare formulations due to its nourishing properties. Nanotechnology is also being explored to enhance its penetration and efficacy in these applications. The health benefits of avocado oil, including its ability to improve heart health and reduce inflammation, further fuel its demand. As consumers become more health-conscious, the market for avocado oil is expected to continue growing, with applications in various industries, including the processed food, personal care, and pharmaceutical sectors.
Market Research Overview
The Avocado Oil Market has experienced significant growth in recent years due to increasing health consciousness among consumers and the nutrition benefits it offers. Avocado oil is extracted using advanced technologies like pressurized fluids and ultrasound-assisted oil extraction, ensuring high-quality and nutrient-rich oil. Organic avocado oil is in high demand due to its superior emollient properties and Vitamin E content. The Internet has played a crucial role in making avocado oil popular, with consumers discovering its uses in cooking, as a healthy alternative to processed oils like lanolin, sunflower, and olive oil. Avocado oil's good fat content and monounsaturated fats make it a preferred choice for those following plant-based diets, including vegetarians and vegans. The food sector and personal care industry have also embraced avocado oil, using it in specialty products for its antioxidant properties and health benefits. Extraction technology, such as supercritical fluid extraction and nanotechnology, ensures a longer shelf life and environmental care. Certified organic oils are increasingly popular, with the processed food industry also using avocado oil in their products. The upper-middle class and urbanization have contributed to the growth of the avocado oil market, with consumers seeking healthy alternatives to traditional oils for cooking and personal care products. Avocado oil's versatility, from being used in cosmetics, hair care products, and skincare products, to its use as a pure/refined or virgin oil, makes it a must-have in every kitchen and bathroom cabinet. However, consumers must be aware of counterfeit products and ensure they purchase from trusted sources to enjoy the full health benefits of avocado oil.
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