+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Avocado Oil Market, Size, Global Forecast 2022-2027, Industry Trends, Share, Growth, Insight, Impact of COVID-19, Company Analysis

  • PDF Icon

    Report

  • 120 Pages
  • September 2022
  • Region: Global
  • Renub Research
  • ID: 5654350

Global Avocado Oil Industry reached US$ 6.66 Billion in 2021

According to the publisher, Global Avocado Oil Market is expected to reach US$ 10.06 Billion in 2027. Avocado oil is a natural oil made from the pulp of an avocado. Avocados can come in various shapes and colors, from pear-shaped to round, green to black; including 'Hass' and 'Fuerte.' Hass is primarily farmed in New Zealand, producing a high yield with little postharvest problems. Besides, avocados are farmed for domestic use or exported to the fresh fruit market. Avocado oil is a natural oil made from the pulp of an avocado. Avocado is high in protein and potassium and has a pleasant flavor. Avocado oil also contains over 70% of the heart-healthy oleic acid, a monounsaturated omega-9 fatty acid.

Market Dynamics of Avocado Oil Prevailing Worldwide

Consumers' desire for a healthy lifestyle and good health has led to a growth in organic food products in their daily diets. Increased demand for organic food has resulted from increased awareness of a healthy lifestyle due to internet access to endless information. Avocado oil also helps to lower cholesterol and enhance heart rate. Avocado fruit oil replacements, such as sunflower oil and olive oil, are now widely available and cheaper, projected to limit market expansion. Furthermore, the market is expected to be harmed by the growing appearance of counterfeit products on supermarket shelves. As per our analysis, Global Avocado Oil Market Size is expected to expand with a CAGR of 7.12% during 2021-2027.

COVID-19 Impact on Global Avocado Oil Industry

Despite a swift fall in global economic activity and international transportation, worldwide supply and demand for avocado also experienced COVID-19 pandemic-related disruptions and contractions across various transmission pathways through slow growth rate. In addition, avocados were severely affected by slow development in market demand due to shrinkage in transport during pandemic-induced lockdowns, which harmed product quality and reduced the weight and value of shipments received by importing countries. However, post-pandemic, the Global Avocado Oil Industry reached US$ 6.66 Billion in 2021.

Type-Based Insights of the Avocado Oil Market

Extra virgin avocado oil, refined avocado oil, and avocado oil blends are the three types of avocado oil. During the projection period, extra virgin oil is expected to dominate. As a result of the current trend of applying natural oils to the skin, extra virgin oil is in high demand. Furthermore, extra virgin oil provides greater assurance of quality, which becomes the driving reason. As a result of the exceptional quality of virgin oil, demand has increased significantly. Furthermore, according to our estimates, refined oil acquires a significant market growth due to the high vitamin E concentration and low cost, which is widely utilized in cosmetics and personal care.

The Edible Oil Segment Accounted for A Dominant Share

Avocado oil is classified into culinary oil, cosmetics, medicines and nutraceuticals, and other applications. The edible oil segment held a commanding position in the worldwide avocado oil market. Apart from that, cosmetics are one of the proposed uses of avocado oil. Avocado oil contains antioxidants, anti-inflammatory, emollient, and toning ingredients that assist in soothing itchy skin, repairing chapped skin, restoring dry skin, hydrating and moisturizing the skin, and protecting the skin from injury. They also make the skin sparkle and reduce the appearance of blemishes, dry skin, wrinkles, and acne. In addition, avocado oil serves as a carrier for other chemicals with limited penetration. This feature makes it useful in tissue or nourishing creams, all-purpose creams, massage creams, massage oils, and different formulations that require lubrication.

The Online Stores Segment Is Expected to Register the Fastest Growth

By Distribution Channels, Hypermarkets/Supermarkets, Specialty Stores, Convenience Stores, Online Retail, and Others are major avocado oil distributing channels worldwide. The hypermarkets and supermarkets category accounted for a significant share of the worldwide avocado oil market. At the same time, online retail is estimated to develop at the quickest rate throughout the forecast period. For years, the worldwide population has grown in tandem with the number of mobile phones available for purchase on the internet. Quick services, home delivery, a variety of safe payment options, and attractive discounts have contributed to the global rise of online shops. Avocado oil is also purchased online by consumers since it saves time and is handy.

The Asia Pacific Region is the Fastest Growing Market Worldwide

The Asia Pacific is the fastest expanding region globally for the avocado oil market. Growing consumer knowledge of avocado oil's nutritional benefits and a shift in customer demand for low oil in fat and cholesterol are propelling the Avocado Oil Market in APAC region. Avocado Oil Market in APAC is also likely to be driven by the rising trend of plant-based personal care and cosmetic products. Furthermore, significant increases in health difficulties such as chronic diseases and heart disease due to high-fat butter and oils intake are driving up demand for healthy oils like avocado oil.

Key Players

The global avocado oil market is moderately concentrated, with major players such as Spectrum Organic Products LLC, Bella Vado Inc., La Tourangelle, Madana Inc, and CalPure Foods Inc. These major players are also aggressively pursuing acquisitions and mergers to strengthen their positions and make a significant shift to assure their long-term success. Furthermore, the competitive intensity of this industry is projected to increase in the coming years if globally renowned firms discover and offer nutritionally adequate and environmentally sound alternatives that are both affordable and acceptable. At the same time, they are continuously attempting to keep up with market trends in the avocado oil industry to develop new goods.

The report titled “Avocado Oil Market, Global Forecast, By Product (Extra Virgin Oil, Refined Oil, Blends and Others), Application (Edible Oil, Cosmetics, Pharmaceuticals and Nutraceuticals and Others), Distribution Channel (Hypermarket and Supermarket, Speciality Store, Convenience Store, Online Retail and Others), Region (America, Asia Pacific and Europe & Middle East & Africa), Companies (Spectrum Organic Products LLC, Bella Vado Inc., La Tourangelle, Madana Inc and CalPure Foods Inc.)” studies the detailed analysis on Global Avocado Oil Industry.

Product - the Market has been covered from 4 viewpoints

1. Extra Virgin Oil
2. Refined Oil
3. Blends
4. Others

Application - the Market has been covered from 4 viewpoints

1. Edible Oil
2. Cosmetics
3. Pharmaceuticals and Nutraceuticals
4. Others

Distribution Channel - the Market has been covered from 5 viewpoints

1. Hypermarket and Supermarket
2. Speciality Store
3. Convenience Store
4. Online Retail
5. Others

Region - the Market has been covered from 3 viewpoints

1. America
2. Asia Pacific
3. Europe, MEA

Key Players Insight

  • Company Overview
  • Recent Development
  • Product Portfolio

Key Players Analysed

1. Spectrum Organic Products LLC
2. Bella Vado Inc
3. La Tourangelle
4. Madana Inc
5. CalPure Foods Inc

Table of Contents

1. Introduction2. Research & Methodology3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenge
5. Avocado Oil Market6. Avocado Oil Volume
7. Market Share - Avocado Oil Analysis
7.1 By Product
7.2 By Application
7.3 By Distribution Channel
7.4 By Region
8. Product - Avocado Oil Market
8.1 Extra Virgin Oil
8.1.1 Market
8.1.2 Volume
8.2 Refined Oil
8.2.1 Market
8.2.2 Volume
8.3 Blends
8.3.1 Market
8.3.2 Volume
8.4 Others
8.4.1 Market
8.4.2 Volume
9. Application - Avocado Oil Market
9.1 Edible Oil
9.2 Cosmetics
9.3 Pharmaceuticals and Nutraceuticals
9.4 Others
10. Distribution Channel - Avocado Oil Market
10.1 Hypermarket and Supermarket
10.2 Speciality Store
10.3 Convenience Store
10.4 Online Retail
10.5 Others
11. Region - Avocado Oil Market
11.1 America
11.2 Asia Pacific
11.3 Europe, MEA
12. Key Players Analysis
12.1 Spectrum Organic Products LLC
12.1.1 Company Overview
12.1.2 Recent Development
12.1.3 Product Portfolio
12.2 Bella Vado Inc
12.2.1 Company Overview
12.2.2 Recent Development
12.2.3 Product Portfolio
12.3 La Tourangelle
12.3.1 Company Overview
12.3.2 Recent Development
12.3.3 Product Portfolio
12.4 Madana Inc
12.4.1 Company Overview
12.4.2 Recent Development
12.4.3 Product Portfolio
12.5 CalPure Foods Inc
12.5.1 Company Overview
12.5.2 Recent Development
12.5.3 Product Portfolio
List of Figures
Figure 01: Global - Avocado Oil Market (Million US$), 2018 - 2021
Figure 02: Global - Forecast for Avocado Oil Market (Million US$), 2022 - 2027
Figure 03: Global - Avocado Oil Volume (Million Metric Tons), 2018 - 2021
Figure 04: Global - Forecast for Avocado Oil Volume (Million Metric Tons), 2022 - 2027
Figure 05: Product - Extra Virgin Oil Market (Million US$), 2018 - 2021
Figure 06: Product - Forecast for Extra Virgin Oil Market (Million US$), 2022 - 2027
Figure 07: Product - Extra Virgin Oil Volume (Million Metric Tons), 2018 - 2021
Figure 08: Product - Forecast for Extra Virgin Oil Volume (Million Metric Tons), 2022 - 2027
Figure 09: Product - Refined Oil Market (Million US$), 2018 - 2021
Figure 10: Product - Forecast for Refined Oil Market (Million US$), 2022 - 2027
Figure 11: Product - Refined Oil Volume (Million Metric Tons), 2018 - 2021
Figure 12: Product - Forecast for Refined Oil Volume (Million Metric Tons), 2022 - 2027
Figure 13: Product - Blends Market (Million US$), 2018 - 2021
Figure 14: Product - Forecast for Blends Market (Million US$), 2022 - 2027
Figure 15: Product - Blends Volume (Million Metric Tons), 2018 - 2021
Figure 16: Product - Forecast for Blends Volume (Million Metric Tons), 2022 - 2027
Figure 17: Product - Others Market (Million US$), 2018 - 2021
Figure 18: Product - Forecast for Others Market (Million US$), 2022 - 2027
Figure 19: Product - Others Volume (Million Metric Tons), 2018 - 2021
Figure 20: Product - Forecast for Others Volume (Million Metric Tons), 2022 - 2027
Figure 21: Application - Edible Oil Market (Million US$), 2018 - 2021
Figure 22: Application - Forecast for Edible Oil Market (Million US$), 2022 - 2027
Figure 23: Application - Cosmetics Market (Million US$), 2018 - 2021
Figure 24: Application - Forecast for Cosmetics Market (Million US$), 2022 - 2027
Figure 25: Application - Pharmaceuticals and Nutraceuticals Market (Million US$), 2018 - 2021
Figure 26: Application - Forecast for Pharmaceuticals and Nutraceuticals Market (Million US$), 2022 - 2027
Figure 27: Application - Others Market (Million US$), 2018 - 2021
Figure 28: Application - Forecast for Others Market (Million US$), 2022 - 2027
Figure 29: Distribution Channel - Hypermarket and Supermarket Market (Million US$), 2018 - 2021
Figure 30: Distribution Channel - Forecast for Hypermarket and Supermarket Market (Million US$), 2022 - 2027
Figure 31: Distribution Channel - Speciality Store Market (Million US$), 2018 - 2021
Figure 32: Distribution Channel - Forecast for Speciality Store Market (Million US$), 2022 - 2027
Figure 33: Distribution Channel - Convenience Store Market (Million US$), 2018 - 2021
Figure 34: Distribution Channel - Forecast for Convenience Store Market (Million US$), 2022 - 2027
Figure 35: Distribution Channel - Online Retail Market (Million US$), 2018 - 2021
Figure 36: Distribution Channel - Forecast for Online Retail Market (Million US$), 2022 - 2027
Figure 37: Distribution Channel - Others Market (Million US$), 2018 - 2021
Figure 38: Distribution Channel - Forecast for Others Market (Million US$), 2022 - 2027
Figure 39: America - Avocado Oil Market (Million US$), 2018 - 2021
Figure 40: America - Forecast for Avocado Oil Market (Million US$), 2022 - 2027
Figure 41: Asia Pacific - Avocado Oil Market (Million US$), 2018 - 2021
Figure 42: Asia Pacific - Forecast for Avocado Oil Market (Million US$), 2022 - 2027
Figure 43: Europe, MEA - Avocado Oil Market (Million US$), 2018 - 2021
Figure 44: Europe, MEA - Forecast for Avocado Oil Market (Million US$), 2022 - 2027
List of Tables
Table 01: Global - Avocado Oil Market Share by Product (Percentage), 2018 - 2021
Table 02: Global - Forecast for Avocado Oil Market Share by Product (Percentage), 2022 - 2027
Table 03: Global - Avocado Oil Market Share by Application (Percentage), 2018 - 2021
Table 04: Global - Forecast for Avocado Oil Market Share by Application (Percentage), 2022 - 2027
Table 05: Global - Avocado Oil Market Share by Distribution Channel (Percentage), 2018 - 2021
Table 06: Global - Forecast for Avocado Oil Market Share by Distribution Channel (Percentage), 2022 - 2027
Table 07: Global - Avocado Oil Market Share by Region (Percentage), 2018 - 2021
Table 08: Global - Forecast for Avocado Oil Market Share by Region (Percentage), 2022 - 2027

Companies Mentioned

  • Spectrum Organic Products LLC
  • Bella Vado Inc
  • La Tourangelle
  • Madana Inc
  • CalPure Foods Inc

Methodology

In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.

Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.

Primary Research

The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develop the analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth, and forecast

The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:

  • Chief executives and VPs of leading corporations specific to the industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
  • Key opinion leaders (KOLs)

Secondary Research

The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, webcasts, and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
 

Loading
LOADING...

Table Information