Avocado oil is widely used as cooking oil due to its high smoke point, mild flavor and nutritional value. It contains heart-healthy monounsaturated fat along with vitamins E, K and B6 which are beneficial for hair and skin. The growing awareness about the health benefits of avocado oil among consumers is fueling its demand.
The global avocado oil market is estimated to be valued at US$ 1912.5 Bn in 2023 and is expected to exhibit a CAGR of 5.7% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The increasing popularity of avocado oil, especially among millennials and health conscious consumers, has accelerated the market growth over the recent years. Avocado oil contains oleic acid which helps reduce inflammation throughout the body. It also contains plant compounds that may benefit heart health. Moreover, avocado oil has a higher smoke point than olive oil, making it a great choice for cooking at higher temperatures without burning or losing nutrients. Owing to the numerous health benefits, avocado oil market is projected to witness significant growth over the forecast period primarily driven by rising health awareness among consumers globally.
Segment Analysis
The global avocado oil market is dominated by extra virgin oil segment. The production costs for extra virgin oil is higher as the oil extracted from mechanically pressing avocado fruits without heat or chemicals. However, it commands a premium price in market due to highest quality and best nutty flavor. Extra virgin oil is ideal for dressings, dips and culinary applications requiring high heat stability.
Key Takeaways
The Global Avocado Oil Market Size is expected to witness high growth over the forecast period. The global avocado oil market is estimated to be valued at US$ 1912.5 Bn in 2023 and is expected to exhibit a CAGR of 5.7% over the forecast period 2024 to 2031.
Regional analysis comprises Latin America dominates the global market currently accounting for over 70% share. Mexico leads the regional market due to optimum growing conditions and large cultivation area for avocados.
Key players related content comprises The key players operating in the avocado oil market are Cargill Incorporated, Archer Daniels Midland Company (ADM), Bunge Limited, Ingredion Incorporated, Tate & Lyle PLC, Didion Milling, Semo Milling, Agrana Beteiligungs-AG, The Andersons, Inc., LifeLine Foods. These players are focusing on new product launches and expansions to cater to growing demand.
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The Avocado Oil Market research report provides the latest industry data, growth, key segments and future trends on the basis of the detailed study.
This market report also allows you to identify the future opportunity and growth rate of the leading segment based on regions and countries.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the avocado oil market include Olivado Ltd., The Hain Celestial Group, Inc., Bella Vado Avocado Oil, Hans Merensky Holdings (Pty) Ltd., SESAJAL S.A. de C.V., Tron Hermanos, S.A. de C.V., Cibaria International Inc., Crofts Ltd., MADANA Inc., Proteco Oils.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Avocado Oil Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/avocado-oil-market/download-sampleMarket DynamicsThe market has been primarily driven by the rising awareness of the nutritional and health benefits associated with avocado oil among consumers.
Apart from this, driven by an increasing prevalence of various lifestyle disorders such as diabetes, obesity, cardiovascular disorders, etc.
resulting from an increasing consumption of high fat butter and oils is further expected to increase the demand for healthy oils such as avocado oil.
