What is the global market size of Avocado Oil Market?

Avocado Oil Market size was valued at USD 553.27 million in 2022 and is poised to grow from USD 578.34 million in 2023 to USD 892.3 million by 2031, growing at a CAGR of 5.82% in the forecast period (2024-2031).

Who are the key vendors in the Avocado Oil Market?

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.'.

What is the key driver of Avocado Oil Market?

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.

What is the key market trend for Avocado Oil Market?

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.

Which region accounted for the largest share in Avocado Oil Market?

In 2022, North America region held significant share in the 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.

Avocado Oil Market Size, Share, Growth Analysis, By Type(Virgin Oil, Refined Oil, Blend), By Application(Food and Beverages, Pharmaceuticals and Medicinal Formulations, Personal Care and Cosmetics, Others), By Region - Industry Forecast 2025-2032

Report ID: SQMIG30K2021 | Region: Global | Published Date: February, 2024
Pages: 242 | Tables: 64 | Figures: 72

Avocado Oil Market News

In January 2024, Chosen Foods, a leading avocado oil producer based in the USA, recently expanded its product portfolio by introducing a new line of avocado oil-infused cooking sprays. These innovations target a growing demand in easy, healthy cooking choices, which coincides with the demands of many consumers today for healthier, easier-to-use cooking products.
In November 2024, Olivado, headquartered in New Zealand, unveiled a new range of organic cold-pressed avocado oils, catering to the rising consumer demand for sustainable, premium-quality oils. This product launch, which has a focus on really clean ingredients and sustainable sourcing, also strengthens the eco-credentials of its position in the green food and cosmetics markets.
In September 2024, AvoHealth, a US-based company, introduced a new avocado oil-based skincare line aimed at promoting skin hydration and anti-aging benefits. Avocado oil is combined with all other natural ingredients to manufacture products in the line to tap into the growing consumer demand for natural, clean beauty products for several health benefits.

Avocado Oil Market Report Snapshots

License Type Top market research company in USA

File Type

$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 578.34 Million in 2023 and is poised to grow from USD 612 Million in 2024 to USD 944.23 Million by 2032, growing at a CAGR of 5.82% during the forecast period (2025-2032).

The global avocado oil market is highly competitive and porous where some major international players are launching their products and innovatively expanding their distribution networks into sustainable markets. Companies such as Spectrum Organics, La Tourangelle, Sesajal, AvoHealth, and Grove Avocado Oil have dominated this market under different offerings for culinary, cosmetics, and pharmaceutical purposes. They emphasize organic and non-GMO certifications and premium quality and thus implement strategic alliances in addition to robust e-commerce strategies to strengthen their foothold globally. '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.'

Rising Investment in Advanced WTE Technologies: Consumers are increasingly seeking organic, cold-pressed avocado oils due to their superior nutritional value and natural extraction methods. Such an increasing trend owed to increasing health-conscious awareness and preference for chemical-free and sustainable products in culinary as well as cosmetic applications is boosting the market growth.

North America dominates the global avocado oil market due to high consumer awareness of health benefits and the region’s strong focus on healthy living and clean-label products. The culinary applications of the fruit have propelled the adoption of avocado oil through nutritional aspects and high smoke point fuels. A steady supply chain of key avocado-producing countries like Mexico will ensure constant availability. Also, the flourishing personal care and cosmetics industry use avocado oil in their natural formulations. Product innovations supplement strong retail networks and e-commerce to further contribute to North America's superior position in the global avocado oil market outlook.

Feedback From Our Clients

"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "

- Mr. Ali Zali, Commercial Director, ICIIC Iran.