#Avocado Oil Market
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Avocado Oil Market Is Estimated To Witness High Growth Owing To Increasing Health Consciousness And Growing Demand for Natural Products
The global avocado oil market is estimated to be valued at US$ 1482.0 billion in 2021 and is expected to exhibit a CAGR of 5.84% over the forecast period 2022-2030, as highlighted in a new report published by Coherent Market Insights.
A) Market Overview:
Avocado oil is derived from the fruit of the avocado tree and is known for its numerous health benefits. It is rich in monounsaturated fats, vitamin E, and antioxidants, making it a popular choice among health-conscious individuals. Avocado oil is used in various applications, including cooking, skincare products, hair care products, and pharmaceuticals.
B) Market Dynamics:
Increasing health consciousness and growing demand for natural and organic products are driving the growth of the avocado oil market. Consumers are becoming more aware of the health risks associated with the consumption of unhealthy fats and are increasingly opting for healthier alternatives. Avocado oil's nutritional profile and health benefits make it a preferred choice for cooking and skincare.
Moreover, the rising prevalence of chronic diseases such as cardiovascular diseases, obesity, and diabetes is further fueling the demand for avocado oil. The high monounsaturated fat content present in avocado oil helps improve heart health and reduce cholesterol levels. Additionally, avocado oil is gaining popularity in the cosmetics industry due to its moisturizing and anti-aging properties.
C) Market Key Trends:
One key trend in the avocado oil market is the increasing adoption of avocado oil in the food industry. Avocado oil is being used as a healthy alternative to traditional cooking oils due to its high smoke point and neutral taste. It is also used in dressings, marinades, and dips to enhance flavor and nutrition.
Another trend is the growing popularity of avocado oil-based skincare products. Avocado oil is known for its hydrating and nourishing properties, making it a popular ingredient in lotions, creams, and serums. It helps moisturize the skin, reduce inflammation, and improve skin elasticity.
D) SWOT Analysis:
Strengths: Nutritional benefits and versatility of avocado oil.
Weaknesses: High production costs and limited availability of avocados.
Opportunities: Increasing demand for natural and organic products.
Threats: Competition from other healthy cooking oils and fluctuating avocado prices.
E) Key Takeaways:
In terms of market size, the global avocado oil market is expected to witness high growth, exhibiting a CAGR of 5.84% over the forecast period. This growth can be attributed to increasing health consciousness and the growing demand for natural products.
In terms of regional analysis, North America is anticipated to be the fastest-growing and dominating region in the avocado oil market. The region has a high prevalence of health-conscious consumers and a well-established food and cosmetics industry.
Key players operating in the global avocado oil market include Sesajal S.A. de C.V., Olivado, Grupo Industrial Batellero S.A. de C.V, YASIN, Tron Hermanos SA de CV, The Village Press, Bella Vado, Chosen Foods LLC, and Storino's Quality Products. These companies are focusing on product innovation, expanding their distribution networks, and entering into strategic partnerships to gain a competitive edge in the market.
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Global Avocado Oil Market – Detailed Survey On Key Trends, Leading Players & Revolutionary Opportunities 2033
The avocado oil market was valued US$ 287.2 million in 2022, and it is expected to be worth US$ 975 million by 2033, increasing at a CAGR of 5.9% through 2033. The health-conscious populace, particularly those who are struggling with weight issues, becomes the dominant avocado oil customer base since avocado oil's nutrient composition boasts of a greater content of healthy fatty acids. Marketers pitch avocado oil as an instant healthier substitute for olive oil and a substitute for other frying and salad dressing oils.
The drawbacks of olive oil, such as the unpleasant flavor and odor it imparts to food, also lead customers to choose alternative delectable and nutritious oils, like avocado oil, which is a major driver in the expansion of the avocado oil industry. Changes in consumer purchasing habits, such as the initial recognition of the nutritious makeup of a food item and a preference for natural and healthy components, have a significant role in pushing forth the demand for the avocado oil in the coming years.
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It is now more crucial than ever for the public to be aware of health dangers and take proper precautions. Scientists and medical professionals have also looked into natural treatments and solutions for such chronic illnesses. This has expedited study of the substance due to the health benefits associated with using avocado oil. There are several uses for avocado oil, particularly in cosmetics, personal care products, and medicine.
It has gained recognition in therapeutic applications due to its many advantages, including weight loss, enhanced heart health, better digestion, accelerated wound healing, radiant skin, and detoxification. Throughout the projected period, avocado oil consumption is probably going to increase, driving the worldwide avocado oil market.
Key Takeaways from the Market Study
● The global avocado oil market saw sales expand significantly between 2018 and 2022, with a CAGR of 4.1%.
● The extra-virgin oil market is projected to represent 44.5% of the global avocado oil market in 2023.
● The food and beverage industry gained a 51.5% market share of the avocado oil market worldwide in 2022.
● The avocado oil market in North America accounted for more than 30% of the worldwide market in 2022.
● The North American market share for avocado oil in the United States was 67.9% in 2022.
“The high-income growth rate in industrialized nations, along with the rapid pace of urbanization and the increase of the upper middle class, is the main driver behind the rising usage of avocado fruit oil in several sectors,” remarks an FMI analyst.
Competitive Landscape
Prominent players in the avocado oil market are:
● Spectrum Organics Products, LLC
● Bella Vado Inc.
● The Village Press
● La Tourangelle, Inc.
● Proteco Gold Pty Ltd.
● Sesajal S.A de C.V.
● Grupo Industrial Batellero
● Grove Avocado Oil
● Cibaria International
● Olivado USA
Leading manufacturers of avocado oil are zealously pursuing marketing methods such new product innovations, collaborations, technological breakthroughs, R&D activities, investments, and even acquisitions to enhance their worldwide exposure.
● The French company Laboratoires Expanscience introduced a new organic, emollient, and nutritious avocado fruit oil in 2021. It was made by cold pressing entire, previously dried avocados.
● New York-based company Glow Recipe announced the release of Avocado Ceramide Recovery Serum in 2021. This lotion can improve the skin's moisture barrier as well as improve the complexion. Ceramides along with avocado fruit oil are the two components worth mentioning since they both provide comfort and TLC. Both Sephora.com and the brand's website offer the product for sale.
More Valuable Insights Available
Future Market Insights offers an unbiased analysis of the global avocado oil market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.
To understand opportunities in the avocado oil market, the market is segmented on the basis of type and application across seven major regions.
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Avocado Oil Market Business Prospects, Demand and Product Scope, Forthcoming Developments
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Avocado Oil Market Business Prospects, Demand and Product Scope, Forthcoming Developments
Avocado oil is still a niche market and has gained massive popularity among consumers on account of its healthy nutrient profile. Avocado oil finds application in numerous purposes. Market Research Future (MRFR) has studied the trends and patterns governing the global avocado oil market over the period of 2017-2023 in a detailed study. MRFR has asserted that the global Virgin avocado oil market will expand at a noteworthy CAGR of 13 % during 2017-2023.
An elevated level of health awareness among consumers and a significant surge in the incidence rate of lifestyle diseases has prompted consumers to adopt a healthier lifestyle. This has had a positive impact on the growth of the global avocado oil market. Avocado oil has a high content of monounsaturated fatty acids, which helps boost levels of healthy cholesterol, and helps in the absorption of vital nutrients. Cold-pressed avocado oil is highly preferred in the food industry in the preparation of salads. Being unrefined, avocado oil helps to keep the flavor and color characteristics of the fruits intact. Rich nutrient composition of avocado oil is garnering huge awareness among consumers which is driving the market for avocado oil. Its growing popularity has encouraged food manufacturing companies to launch innovative products to capitalize on the opportunity provided by them. This has further augmented the growth of the market.
Existing technologies such as chemical methods of extraction leave residual solvent in avocado oil which has necessitated the use of alternative methods. This has attracted keen interest in R&D activities for the development of new oil extraction techniques. Such advances have helped to improve overall extraction yields and selectivity of bioactive components from avocado and to produce high-quality avocado oil.
A substantial increase in the use of processed avocado products such as avocado oil for cosmetics and culinary purposes suggests growth within the global avocado oil market. Usage in medical applications owing to advantages such as high vitamin E content, efficacy in wound healing, weight reduction properties, and others have further spurred the demand for avocado oil. However, its high cost is a major impediment to market growth as it hinders adoption among consumers.
Segmentation
The global avocado oil market has been segmented based on type, application, and distribution channel.
By type, the global avocado oil market has been segmented into crude avocado oil, virgin avocado oil, and extra virgin avocado oil market. The extra virgin avocado oil segment is leading the market. Extra virgin oil is extracted from best quality avocado fruits, and cold pressed at low temperatures. It is devoid of any chemical additives and has various health benefits aligned with it which makes it popular among consumers.
By application, the global avocado oil market has been segmented into cooking/culinary, personal care products, medicinal products, and others. The cooking/culinary segment is dominating the market. The high smoke point of avocado makes it ideally suited for cooking at high temperatures. The personal care segment is expected to showcase rapid growth over the forecast period. Avocado offers a host of benefits for the skin and hair due to which they are being incorporated in personal care products.
By distribution channel, the global avocado oil market has been segmented into store-based and non-store-based distribution channel. The store-based distribution channel is leading the market.
Regional Analysis
By region, the avocado oil market has been segmented into North America, Asia Pacific (APAC), Europe, and Rest-of-the-World (RoW).
Huge production of avocado in North America gives the region leverage over other regions. Moreover, due to high health awareness among the consumers in the region, the consumption is considerably high. The cosmetics industry also generates substantial demand for avocado oil. The US is the key contributor in the North America avocado oil market.
Europe has assumed the second position in the avocado oil market, led by Germany. Growing awareness regarding the health benefits associated with avocado oil and rise in the prevalence of chronic diseases in APAC is favoring the growth of the avocado oil market.
Competitive Landscape
Bella Vado (US), Olivado Ltd. (New Zealand), Avoolio (Mexico), Chosen Foods LLC (US), Sesajal S.A. de C.V. (Mexico), AMD Oil Sales LLC (US), and ACADO (Singapore) are key players of the global avocado oil market.
Industry Updates
January 2019 - Chosen Foods, a leading provider of non-GMO natural cooking oils, launched its new avocado oil sprays at Winter Fancy Food Show. It debuted nine new infused flavors for its avocado oil sprays such as Garlic, Chipotle, Citrus Pepper, Chili-Lime Ginger, Lemon Dill, Italian Herb, and sweet varieties.
NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
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Say no to seed oils
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i need to go out and buy more groceries but i don’t . want to
#but i have to go soon bc i want avocados from the market and they’ll leave when it gets dark#i also don’t know where to find olive oil which i really want and do not want to search for in multiple stores
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don't guillotine me but...
#i spent $200 on shampoo and conditioner#and my hair has never been better#listen i have 4c hair#coily hair if you dont know#not a lot of products are made with it in mind mostly bc its a niche market#i've tried youtubing it ended up with raw avocados and shit in my hair#all the oils#and finally after ONE use of my very expensive hair products#and my hair doesnt break every time i comb it!#gonna grow my hair to my waist#it will cost a pretty penny#but frankly my dear this is the best return on investment in hair products ive ever had in my life#inspired by my male bad bitch friend
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Avocado Oil Market Research: Understanding Consumer Preferences and Industry Trends
Avocado oil is derived from the fruit of the avocado tree (Persea americana) and is known for its numerous health benefits and versatile culinary applications. It is commonly used in cooking, cosmetics, and personal care products due to its rich nutrient content and beneficial properties. The global avocado oil market has witnessed significant growth in recent years, driven by increasing consumer awareness about its health benefits, growing demand for natural and organic products, and expanding applications in various industries.
Market Drivers and Trends:
Several factors have contributed to the growth of the avocado oil market:
Health-conscious Consumer Base: With a rising emphasis on health and wellness, consumers are increasingly seeking healthier alternatives to traditional cooking oils. Avocado oil is considered a healthier option due to its high content of monounsaturated fats, vitamin E, and antioxidants.
Growing Demand for Natural and Organic Products: The global trend towards natural and organic products has influenced the avocado oil market as well. Avocado oil is free from harmful chemicals and additives, making it a preferred choice for health-conscious individuals.
Increased Application in Cosmetics and Personal Care Products: Avocado oil is widely used in the cosmetics and personal care industry for its nourishing and moisturizing properties. It is found in skincare products, hair care products, and massage oils, driving the demand for avocado oil in these sectors.
Expanding Culinary Applications: Avocado oil has gained popularity in the culinary world due to its mild flavor, high smoke point, and nutritional profile. It is used for cooking, salad dressings, dips, and marinades, driving its demand in the food industry.
Growing Avocado Production: The increasing cultivation of avocado trees in various regions has led to higher availability of avocados, resulting in increased production of avocado oil. Countries such as Mexico, Peru, the United States, and Kenya are significant producers of avocados and avocado oil.
Online Retailing and E-commerce: The rise of online platforms and e-commerce has facilitated the easy availability of avocado oil to consumers worldwide. Online retailing offers convenience, a wide range of product options, and competitive pricing, thereby fueling market growth.
Market Segmentation:
The avocado oil market can be segmented based on type, application, distribution channel, and geography.
By Type:
Extra Virgin Avocado Oil
Refined Avocado Oil
Blended Avocado Oil
Others
By Application:
Food and Beverages
Cosmetics and Personal Care
Pharmaceutical and Supplements
Others
By Distribution Channel:
Supermarkets and Hypermarkets
Convenience Stores
Specialty Stores
Online Retailers
Others
Regional Analysis:
The avocado oil market is geographically segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
North America: The United States and Canada are major consumers of avocado oil, driven by a growing health-conscious population, increased awareness of the health benefits, and the popularity of avocado-based products.
Europe: Countries like the United Kingdom, Germany, France, and Spain are witnessing significant growth in the avocado oil market. The region's demand is driven by the rising trend of healthy eating, increasing consumer preference for natural and organic products, and the presence of prominent cosmetic and personal care industries.
Asia Pacific: The avocado oil market in this region is experiencing substantial growth due to the expanding population, changing dietary preferences, and increasing disposable incomes. Countries like China, Japan, South Korea, and India are key contributors to market growth.
Latin America: As a major producer of avocados, Latin America plays a crucial role in the avocado oil market. Countries like Mexico, Peru, and Chile have witnessed increased production and export of avocado oil to meet the growing global demand.
Middle East and Africa: Avocado oil consumption is gradually gaining traction in this region due to rising health consciousness and increasing demand for natural and organic products. South Africa and Kenya are significant avocado oil producers in this region.
Competitive Landscape:
The global avocado oil market is highly competitive and fragmented. Key players in the market include:
Sesajal S.A. de C.V.
Olivado
Grupo Industrial Batellero
La Tourangelle Inc.
Kevala International LLC
Avoolio
Ahuacatlan Avocado Oil
Aconcagua Oil & Extract S.A.
Tron Hermanos SA
Crofts Limited
These companies are actively engaged in product innovation, strategic partnerships, mergers and acquisitions, and expanding their distribution networks to maintain their market position and meet the growing demand for avocado oil.
Conclusion:
The avocado oil market is experiencing significant growth worldwide, driven by increasing consumer awareness about its health benefits, growing demand for natural and organic products, and expanding applications in various industries. With its versatile uses in cooking, cosmetics, and personal care, avocado oil is likely to witness continued market expansion in the coming years.
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Avocado-based Products Market Outlook: Key Growth Factors and Forecast Analysis by 2031
The key objective of the TMR report is to offer a complete assessment of the global market including major leading stakeholders of the Avocado-based Products market. The current and historical status of the market together with forecasted market size and trends are demonstrated in the assessment in simple manner. In addition, the report delivers data on the volume, share, revenue, production, and sales in the market.
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The report by TMR is the end-product of a study performed using different methodologies including the PESTEL, PORTER, and SWOT analysis. The study with the help of these models shed light on the key financial considerations that players in the Avocado-based Products market need to focus on identifying competition and formulate their marketing strategies for both consumer and industrial markets. The report leverages a wide spectrum of research methods including surveys, interviews, and social media listening to analyze consumer behaviors in its entirety.
Avocado-based Products Market: Industry Trends and Value Chain
The study on the Avocado-based Products market presents a granular assessment of the macroeconomic and microeconomic factors that have shaped the industry dynamics. An in-depth focus on industry value chain help companies find out effective and pertinent trends that define customer value creation in the market. The analysis presents a data-driven and industry-validated frameworks for understanding the role of government regulations and financial and monetary policies. The analysts offer a deep-dive into the how these factors will shape the value delivery network for companies and firms operating in the market.
Avocado-based Products Market: Branding Strategies and Competitive Strategies
Some of the key questions scrutinized in the study are:
What are some of the recent brand building activities of key players undertaken to create customer value in the Avocado-based Products market?
Which companies are expanding litany of products with the aim to diversify product portfolio?
Which companies have drifted away from their core competencies and how have those impacted the strategic landscape of the Avocado-based Products market?
Which companies have expanded their horizons by engaging in long-term societal considerations?
Which firms have bucked the pandemic trend and what frameworks they adopted to stay resilient?
What are the marketing programs for some of the recent product launches?
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The list of key players operating in the Avocado-based Products market includes following names:
Lonza, Clariant, Spec Chem Industry Inc., YanTai Aurora Chemical Co. Ltd., Kumar Organic Products Limited, Somu Group, Zhonglan Industry Co. Ltd., Wuxi Zhufeng Fine Chemical Co. Ltd., Qingdao Fihonor Chemical Science & Technology Co. Ltd., and Shandong Chuangying Chemical Co. Ltd.
Avocado-based Products Market: Assessment of Avenues and Revenue Potential in Key Geographies
Some of the key aspects that the study analyzes and sheds light are:
Which regions are witnessing rise in investments in the supply chain networks?
Which countries seems to have benefitted from recent import and export policies?
Which regions have witnessed decline in consumer demand due to economic and political upheavals?
Which are some the key geographies that are likely to emerge as lucrative markets?
Which regions are expected to lose shares due to pricing pressures?
Which regions leading players are expected to expand their footprints in the near future?
What are some the sustainability trends impacting the logistics and supply chain dynamics in the Avocado-based Products market?
What are some of the demographic and economic environments that create new demand in developing economies?
How are changing government regulations shaping business strategies and practices?
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#Avocado-based Products Market#Avocado-based Products Market Size#Avocado-based Products Market Share#Avocado-based Products#Avocado-based Products Industry#Avocado#Avocado Oil#Avocado Types
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Avocado Oil Market - Forecast 2022 - 2027
Avocado Oil Market Overview
Avocado Oil Market size is estimated to reach $7,851 million by 2026, growing at a CAGR of 5.7% over 2021-2026. Avocado oil is derived from the Persea Americana fruit and is used as an edible oil for cooking, cosmetics, and lubrication due to its moisturizing and regenerating qualities. Avocados, often known as butter peas or vegetable butter, are a Central American fruit. Avocado oil has a high potassium content, as well as vitamins A, D, and E, antioxidants, anti-inflammatory agent, fatty acid, and monounsaturated fats. Furthermore, it is used as a flavor enhancer and a cooking oil supplement in a variety of recipes. Additional health consciousness among individuals, awareness of the nutritional benefits of avocado oil, changing customer preferences, and increased avocado oil applications in pharmaceuticals and the food industry are the factors anticipated to spur the global market forward during the forecast period of 2021-2026.
Report Coverage
The report: “Avocado Oil Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Avocado Oil Market. By Product Type: Virgin Oil, Extra Virgin Oil, Refined Oil, Blend and Others.
By Avocado Type: Hass, Fuerte, Zutano, Bacon, Lamb Hass, Gwen and Others.
By Application: Food and Beverages, Pharmaceuticals and Nutraceuticals, Dairy Products, Sweet and Savoury Snacks and Others.
By Distribution Channel: Hypermarkets/Supermarkets, Specialty Stores, Convenience Stores, online Retail and Others.
By Geography: North America (U.S., Canada, Mexico), Europe (U.K, Germany, Italy, France, Spain, Russia, Rest of Europe), Asia Pacific (China, Australia, Japan, South Korea, India, Rest of Asia Pacific), South America (Brazil, Argentina, Others) and Rest of the World (Middle East, Africa).
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Key Takeaways
In 2020, North America dominated the Avocado Oil Market.
The rise in the number of chronic illnesses and a rise in consumer health consciousness are both growing, are anticipated to help in the global expansion of the Avocado Oil Market.
Detailed analysis of the Strength, Weakness, and Opportunities of the prominent manufacturers operating in the market will be provided in the Avocado Oil Market report.
However, one of the key challenges limiting the growth of the Avocado Oil Market is the presence of alternatives to avocado oil which are becoming more common, and avocado oil is becoming more expensive.
Avocado Oil Segment Analysis – By Product Type
The Avocado Oil Market based on product can be further segmented into Virgin Oil, Extra Virgin Oil, Refined Oil, Blend and Others. Cancer of disease segment is the major segment generating revenue in 2020. Extra virgin avocado oil is getting prominence in growing countries including the United States, Canada, and Germany. This is owing to a growth in the popularity of avocado oil as a result of the rise in illnesses such as diabetes, high blood pressure, and myocardial infarction. Also, there is an increase in health consciousness and consumption of healthy and nutritious cooking oil among health-conscious customers are driving the worldwide extra virgin avocado oil market. Furthermore, this segment is estimated to register the fastest CAGR of 6.24% for the period 2021-2026. Additionally, a surge in the use of extra virgin avocado oil in the cosmetics industry adds substantially to the growth of the worldwide extra virgin avocado oil market. On the other hand, an increase in demand for fashionable cosmetics such as nutricosmetics, which use extra virgin avocado oil as an ingredient, is expected to create lucrative market development prospects.
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Avocado Oil Segment Analysis – By Distribution Channel
The Avocado Oil Market based on drug type can be further segmented into Hypermarkets/Supermarkets, Specialty Stores, Convenience Stores, Online Retail and Others. The supermarkets/hypermarkets segment registers for the highest avocado oil market share in 2020. This is mainly owing to facts as these stores are incorporated with numerous alternatives and the availability of varieties of avocado oil from various brands. Furthermore, sales of avocado oils by hypermarkets is believed to rise effectively as consumers prefer these retail channels for shopping owing to the in-store promotions by retailers and price comparisons is anticipated to further expand the consumption rate over the forecast period 2021-2026.
On the contrary, the online retail segment is forecasted to register the fastest CAGR of 7.7% over 2021-2026. This is mainly owing to the fact that there is an increase in the number of online retail channels, especially in developing economies, which has augmented the penetration of modern grocery retail chains during the COVID-19, further contributing to the sales of avocado oils in the up-coming years.
Avocado Oil Segment Analysis – By Geography
North America dominated the Avocado Oil Market with a major share of 45.2% in the year 2020. This is mainly due to the increase in health challenges such as heart disease and chronic illnesses, which are caused by a high consumption of high-fat oils, which drives the demand for avocado oil. Coronary Artery Disease (CAD) is the most prevalent kind of heart disease in the United States, and it can lead to a heart attack. Apart from this, the presence of well-known avocado oil producers such as Bella Vado, Inc., Grupo Industrial Batellero S.A. de C.V., Chosen Foods LLC, and Sesajal S.A. de C.V. is boosting the industry's expansion in the region. During the projected period, the avocado oil business in the area is predicted to develop owing to the increased consumption of processed food and beverage goods.
However, Europe is estimated to outpace all the regions by clocking the highest CAGR of 6.5% during the forecast period 2021-2026 owing to the fact that EU countries such as UK, Germany, France, Italy, and Spain are showing a shift in the dietary habits by the consumers. This can be further attributed to the fact that the region in the study period has shown an up-surge in the demand for the consumption of processed and flavored food itineraries. Apart from this, an increase in awareness regarding the diseases among parents to the rise in awareness regarding health benefits of avocado oil among consumers is also increasing the growth of the Avocado Oil Market in this region.
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Avocado Oil Market Drivers
Increase In Health-Conscious People, Along With Need For Plant-Based Cosmetics, Is Projected To Augment Development
Avocado Oil Market is predicted to grow resulting in an increase in health consciousness among individuals as a result of the rising incidence of chronic disorders. Avocado Oil industry is predicted to be aided by an increase in the demand for plant-based cosmetics. Obesity and overweight issues are the leading causes of death, according to the World Health Organization. Individuals are increasing their diet of nutritious vegetables and fruits, such as avocados, to battle these health concerns, which is projected to boost demand for avocado oil. Avocados lower cholesterol and triglycerides. Besides, the market is anticipated to be driven by strong growth for avocado oil in personal care products attributable to its advantageous monounsaturated fatty acids like oleic acid and its moisturizing properties. The personal care products market in India is anticipated to reach US$ 10 billion by 2021, with a CAGR of 6%, according to the India Brand Equity Foundation (IBEF). Cosmetic product use is on the rise as people become more conscious of the importance of looking nice. As a result, the demand for avocado oil in the region rises.
Avocado Oil Market Challenges
High Product Costs And Its Subsequent Alternatives Presence Might Result In A Loss Of Output
One of the key concerns that is predicted to stifle the Avocado Oil Market's growth is the rise of alternatives to avocado oil. Chia seed oil, olive oil, hemp oil, and other alternative oils made from healthy sources are competitors for avocado oil. These oils have their own set of advantages. This is likely to provide a challenge to the avocado oil industry throughout the forecast period 2021-2026 as customers have a variety of other goods to choose from. The lower shelf-life of avocado fruits, which deteriorate and rot in a short amount of time, is another hindrance to the Avocado Oil Market's expansion. As a result, avocado oil producers have begun to relocate their oil extraction operations closer to avocado-producing regions.
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Avocado Oil Market Landscape
Product launches, mergers and acquisitions, joint ventures and geographical expansions are key strategies adopted by players in the Avocado Oil market. In 2020, Avocado Oil market share is fragmented by the top ten players present in the market.
The Avocado Oil market top 10 companies are:
Spectrum Organic Products LLC
Bella Vado Inc.
La Tourangelle
The Village Press
Madana Inc
Olivado USA
Crofts Ltd.
CalPure Foods Inc.
Clibaria International
Choosen Foods
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#Avocado Oil Market Size#Avocado Oil Market Share#Avocado Oil Market Analysis#Avocado Oil Market Trends#Avocado Oil Market Growth#Avocado Oil Market Research#Avocado Oil Market Forecast
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Europe Avocado Oil Market To Be Driven By The Growing Awareness Regarding Nutritional Benefits Of Avocado Oil In The Forecast Period Of 2021-2026
The new report by EMR titled, ‘Europe Avocado Oil Market Report and Forecast 2021-2026’, gives an in-depth analysis of the avocado oil market in Europe, assessing the market based on its end-use and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.
The key highlights of the report include
Market Overview (2016-2026)
Forecast CAGR (2021-2026): 6%
Forecast Market Size (2026): USD 87 Million
Request a free sample copy in PDF or view report summary:
The growth in the Europe Avocado Oil Market is induced by the growing understanding of the rich nutritional profile of avocado oil. Through an uptick in nutritional awareness, consumers are now able to incorporate healthier foods into their daily eating habits. Avocado oil is marketed as an instant, healthier alternative to olive oil as well as to other cooking and dressing oils. Changes in consumer purchase preferences, such as first noting the nutritional content of a food product and the propensity for new and healthier items, serve as a major driving force for the market for avocado oil in Europe.
Industry Definition and Major Segments
Avocado is a tropical fruit, mostly native to South America, although it is now commonly cultivated in other tropical regions and some Mediterranean regions of the world as demand increases. Avocado contains 5-30% oil depending on the variety and is extracted by cold pressing or by solvent extraction.
Based on nature, the market is divided into:
Organic
Conventional
Based on product type, the industry is segmented into:
Extra-Virgin Oil
Virgin
Refined Oil
Blends
Others
Based on application, the market can be categorised as:
Food and Beverages
Cosmetics and Personal Care
Pharmaceuticals
Others
Based on distribution channel, the market is divided into:
Business to Business
Business to Consumer
Supermarkets/ Hypermarkets
Convenience Stores
Online
Others
On the basis of region, the market is divided into:
United Kingdom
Germany
France
Russia
Italy
Market Trends
Consumers are increasingly replacing butter and vegetable oils with high amounts of saturated fats with avocado oil, which has a higher content of beneficiary fatty acids. A considerable number of avocados have been produced that are discarded, i.e., either left to rot or fed to livestock. They are especially unsuitable for export due to their short shelf life. This provides a huge incentive for local producers to convert them into high-value-added products, such as avocado oil. In addition to providing an alternative source of income for avocado farmers through the manufacture of avocado oil, it is likely to minimise the risk of waste loss through establishing a direct partnership with farms to acquire avocado feedstock or to provide processing capabilities in or near farms. This is very advantageous for regional markets, especially Europe.
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Key Market Players
The major players in the market are Spack BV, Gustav Heess Oleochemische Erzeugnisse GmbH, Henry Lamotte Oils GmbH, Hunter & Gather Foods Ltd., among Others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.
At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.
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