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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).

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.

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Global Avocado Oil Market

Product ID: SQMIG30K2021