Global Avocado Oil Market

Global Avocado Oil Market Size, Share, Growth Analysis, By Type(Extra Virgin Oil, Virgin Oil), By Application(Food and Beverages, Pharmaceuticals and Medicinal Formulations) - Industry Forecast 2024-2031

Report ID: SQMIG30K2021 | Region: Global | Published Date: February, 2024
Pages: 242 | Tables: 65 | Figures: 72

Global Avocado Oil Market Regional Insights

In 2022, North America region held significant share in the global Avocado Oil market. The dominance of the region is linked to rising customer interest in the product and its applications as a result of the product's technological and nutritional attributes. Due to its high oleic fatty acid content and vitamin E content, avocado fruit oil is used in cooking and has certain established advantages. From this point forward, it is projected that rising interest in various dietary components, with a focus on fat, which has been linked to a number of ailments, including obesity and diabetes, would support the steady rise of the regional market. Spectrum Organics Products, La Tourangelle, Inc., and Olivado USA are a few of the significant competitors active in the avocado market in North America that are consistently concentrating on increasing their product offers.

The region with the greatest projected CAGR is Asia Pacific, primarily because the product is becoming more and more popular in China, Japan, and other countries. China has just begun extensive avocado cultivation in the provinces of Guangdong, Yunnan, and Fujian. The Chinese government claims that because raw materials are so readily available, China will be able to produce more avocado fruit oil over the next years. Additionally, it is anticipated that the regional market would be driven by the growing demand for the product from other Asian nations, including Malaysia and Japan, as well as its widespread availability through both online and offline distribution channels.

$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Avocado Oil Market size was valued at USD 553.27 million in 2021 and is poised to grow from USD 578.34 million in 2022 to USD 892.3 million by 2030, growing at a CAGR of 5.82% in the forecast period (2023-2030).

The market is fragmented in nature. The prominent players operating in the market are constantly adopting various growth strategies in order to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D in order to supply industries with the most efficient and cost-effective solutions. 'Olivado', 'Sesajal S.A. de C.V.', 'The Grove Avocado Oil Co.', 'Crofts Limited', 'Chosen Foods LLC', 'Grupo Industrial Batellero, S.A. de C.V.', 'Tron Hermanos, S.A. de C.V.', 'Proteco Oils', 'La Tourangelle, Inc.', 'Ahuacatlan Avocado Oil', 'AvoPure', 'CalPure Foods, Inc.', 'Cibaria International', 'Bella Vado, Inc.', 'Westfalia Fruit (Pty) Ltd', 'Bio Planète', 'Hain Celestial Group, Inc.'

The use of organic food items has greatly expanded as a result of consumers' growing preference for nutritious food as a means of achieving wellbeing and good health. Internet-facilitated access to a seemingly limitless amount of information has increased customer awareness of their need for better eating, which has increased demand for organic goods.

One of the most recent developments in the market is the growing preference for recyclable oil packaging in order to maintain environmental sustainability. Due to plastic waste pollution and the negative environmental effects of plastic manufacture, plastic packaging has drawn the attention of many consumers. Less plastic is used in oil packaging, which promotes recycling and lowers greenhouse gas emissions. From filling to use, the bag-in-box packaging offers environmentally beneficial ways to guarantee that oil stays safe and fresh. The International Life Sciences Institute of India (ILSI) claims that bag-in-box edible oil packaging is a high-performance, economical option created to satisfy institutional users. To satisfy client needs, it can also be integrated with distribution choices. Its polyethylene monomer structure is reusable.

In 2022, North America region held significant share in the global Avocado Oil market. The dominance of the region is linked to rising customer interest in the product and its applications as a result of the product's technological and nutritional attributes. Due to its high oleic fatty acid content and vitamin E content, avocado fruit oil is used in cooking and has certain established advantages. From this point forward, it is projected that rising interest in various dietary components, with a focus on fat, which has been linked to a number of ailments, including obesity and diabetes, would support the steady rise of the regional market. Spectrum Organics Products, La Tourangelle, Inc., and Olivado USA are a few of the significant competitors active in the avocado market in North America that are consistently concentrating on increasing their product offers.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

Click here right-arrow
logo-images

Related Reports

Global Avocado Oil Market

Report ID: SQMIG30K2025 | Region: Global | Published Date: February, 2024 | Pages: 198 | Tables: 60 | Figures: 75

Global Quartz Sink Market
Buy Now GET FREE SAMPLE
Global Avocado Oil Market

Report ID: UCMIG30K2035 | Region: Global | Published Date: February, 2024 | Pages: 165 | Tables: Figures:

Pet Odor Control & Clean-up Products Market
Buy Now GET FREE SAMPLE
Global Avocado Oil Market

Report ID: UCMIG30K2054 | Region: Global | Published Date: February, 2024 | Pages: 165 | Tables: Figures:

Portable Spectrometer Market
Buy Now GET FREE SAMPLE
Global Avocado Oil Market

Report ID: UCMIG30K2008 | Region: Global | Published Date: February, 2024 | Pages: 165 | Tables: Figures:

Chelating Agents Market
Buy Now GET FREE SAMPLE

Feedback From Our Clients

Global Avocado Oil Market

Product ID: SQMIG30K2021

$5,300
BUY NOW GET FREE SAMPLE