Latin America Avocado Oil Market Report and Forecast 2025-2034

The Latin America avocado oil market reached a value of about USD 211.56 Million in 2024. The market is estimated to grow at a CAGR of 5.80% in the forecast period of 2025-2034. The market is anticipated to reach a value of USD 371.78 Million by 2034.

Mexico to be a Significant Regional Market for Avocado Oil in Latin America

Mexico is expected to be one of the leading regional markets for avocado oil in Latin America. The growth of the avocado oil market in Mexico can be attributed to the rising prevalence of diabetes, obesity, cardiovascular diseases, and other chronic diseases in the country. The outbreak of the COVID-19 pandemic further provided an impetus to the market, owing to the significant growth of the pharmaceutical industry. Meanwhile, the growing food and beverage industry also aided the market, as avocado oil is a great immunity booster and has a high nutritional value. Avocado oil contains healthy fat. Therefore, even as the consumer preference shifted towards a healthier diet, avocado oil remained in demand.

Avocado Oil: Market Segmentation

Avocado oil is a healthy edible oil with a high smoke point, which makes it popular as a cooking oil. The oil can also be consumed raw and has a similar nutritional content as olive oil. It is extracted from the avocado pulp. While avocado oil is extensively used for baking, deep-frying, stir-frying, barbecuing, searing, roasting, and sauteing, it is also used in cosmetics and lubricants.

By product type, the market can be segmented into:

• Extra Virgin Oil
• Refined Oil
• Blends
• Others

Based on application, the industry can be divided into:

• Food and Beverages
• Cosmetics
• Pharmaceuticals
• Others

On the basis of distribution channel, the market can be categorised into:

• Business to Business
• Business to Consumer
• Supermarkets and Hypermarkets
• Convenience Stores
• Online
• Others

The regional markets for avocado oil in Latin America can be divided into:

• Brazil
• Mexico
• Argentina
• Others

Rising Awareness of the Health Benefits of Avocado Oil to Propel the Market Growth

The avocado oil market witnessed a surge in growth, owing to the increased awareness of the benefits about the product. Avocado oil is a good source of glutathione, which boosts the immune system. The rising awareness about the nutrient-rich composition of the product, the positive perception among the health experts, and the healthy lifestyle pursued by people of Latin America are some of the factors likely to drive the market in the forecast period. The thriving pharmaceutical industry is expected to further aid the market growth, owing to the medicinal properties of the product. Moreover, the food and beverages sector is witnessing the development of diverse varieties of products, including dishes made with refined avocado oil. This is expected to significantly boost the market significantly in the next few years.

The market is expected to register a substantial growth in the forecast period. The COVID-19 pandemic has increased the health awareness among the people. Since extra-virgin avocado oil is considered a healthy oil and preferred over regular oils, the market is expected to be bolstered by its robust demand in the coming years.

Key Players in the Latin America Avocado Oil Market

The report gives a detailed analysis of the following key players in the Latin America avocado oil market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• SESAJAL SA de CV
• NOBEL FOODS, S.A. DE C.V
• Grupo MaDiVi SA de CV
• Diricom, S.A. de C.V.
• Others

The comprehensive report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.