North America Avocado Oil Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Type, Nature, Variety, Application, and Distribution Channel

The North America avocado oil market is expected to grow from US$ 281.73 million in 2018 to US$ 618.66 million by 2027; it is estimated to grow at a CAGR of 9.2% from 2019 to 2027.

Avocado oil are perceived to be one of the healthiest ingredient which can be used in various food products such as bakery & confectionary, beverages, dairy & frozen desserts, and sweet & savory snacks. Avocado oil is gaining high popularity among the consumers due to rising awareness about the health benefits offered by avocado oil.. Various studies show that avocado oil benefits heart health and help in reducing blood pressure and blood cholesterol levels. Avocado oil is a good source of lutein, a carotenoid that is naturally found in eyes. This nutrient improves eye health and also lowers the risk of age-related eye diseases. Some nutrients need fat in order to be absorbed by the body. Therefore, rising awareness among the consumers about the health benefits of avocado oil is projected to boost its demand over the forecast period.

Based on type, the extra virgin segment led the North America avocado oil market in 2018. The extra virgin avocado oil is derived by pressing the Hass and the Fuerte types of avocado fruits. It has a strong aroma of avocado. The extra virgin avocado oil from the Hass cultivar has a smoke point of greater than 250 degrees Celsius making it a suitable oil for frying. Hass cold-pressed avocado oil is emerald green in color owing to the presence of high levels of chlorophylls and carotenoids that is extracted into the oil. It is considered to be a healthful oil. It is said to possess grassy and butter or mushroom-like flavors. The extra virgin avocado oil retains the flavor and the color of the fruit flesh after extraction. As this oil is extracted from the fruit that contains a high amount of fiber, healthy fats, potassium, it has become a preferred and healthy option as compared to other regular oils. The extra virgin oil is rich in vitamin A, D, E, C, and omega3 fatty acid and oleic oil and finds its use in hair & skincare solutions as well as in cooking owing to its health benefits.

The U. S has the highest number of confirmed cases of coronavirus compared to Canada and Mexico. Due to the COVID-19 outbreak, the supply and distribution chain is likely to get affected, which would impact the food & beverages industry in the region. In addition, the overall manufacturing processes, research, and development activities are likely to impact the market growth.

The overall North America avocado oil market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining overview and forecast for the North America avocado oil market with respect to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants who typically take part in such a process include industry experts, such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants, such as valuation experts, research analysts, and key opinion leaders specializing in the North America avocado oil market. Major players operating in the market include Bella Vado, Inc.; Crofts ltd; La Tourangelle Inc.; Madana Inc.; Mevi Avocados Inc.; Olivado USA; Sesajal S. A. de C. V.; and Spectrum Organics Products, LLC (Hain Celestial Group, Inc.)

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