Avocado Oil Market Size, Growth, Demand, Leading Companies, Opportunity and Forecast 2023-2028
According to IMARC Group’s latest report, titled “Avocado Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028″, The study provides a detailed analysis of the industry, including the global avocado oil market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How big is the avocado oil market?
|Market Size in 2022||US$ 550.7 Million|
|Market Forecast in 2028||US$ 776.7 Million|
|Growth rate (2023 to 2028)||CAGR of 5.5%|
|Base Year of the Analysis||2022|
What is Avocado Oil?
Avocado oil represents a natural oil extracted from the pulp of avocado fruit. It is available in several categories, including extra virgin oil, refined oil, blends, etc. Avocado oil variants are a good source of heart-healthy oleic acid, fiber, potassium, monounsaturated fatty acid, omega-9, etc. They help to reduce cholesterol and improve heart health. Avocado oil products even aid in preventing skin issues, such as acne, blemishes, and dryness, owing to their moisturizing, emollient, antioxidant, and toning effects. As a result, they find extensive applications across numerous sectors, including food and beverage (F&B), pharmaceuticals, cosmetics, etc.
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What are the growth prospects and trends in the avocado oil industry?
The expanding awareness about the nutritional benefits of avocado is among the key factors driving the avocado oil market. Apart from this, the rising prevalence of various lifestyle disorders, such as obesity, diabetes, cardiovascular issues, etc., resulting from the consumption of high-fat butter and oil is acting as another significant growth-inducing factor. In line with this, the shifting consumer preferences toward incorporating organic food products in daily diets are also positively influencing the market growth. In addition to this, the increasing employment of avocado fruit oil in processed food and the elevating demand from the cosmetic industry, on account of its high vitamin E content, are further catalyzing the market growth. Moreover, the inflating investment by manufacturers in research and development (R&D) activities to produce new products with enhanced functionality and innovative packaging and the growing adoption of supercritical fluid extraction, specialized fluid, and ultrasound-assisted fluid extraction production technologies that are energy-efficient and ensure improved yield are anticipated to bolster the avocado oil market over the forecasted period.
Who are the key players operating in the industry?
The report covers the major market players including:
- Olivado Group
- Grupo Industrial Batellero
- The Village Press
- Spectrum organics
- Bella Vado
- Chosen Foods LLC
What is included in market segmentation?
The report has segmented the market into the following categories:
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:
- North America
- Asia Pacific
- Middle East and Africa
- Latin America.
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