The fruit of avocado is abundant in monounsaturated fats and offers high nutritional content. Avocado oil is produced from the fruit and is a healthier alternative to conventional cooking oils. It contains phytochemicals linked to preventing several diseases, such as cancer, age-related macular degeneration, and cardiovascular diseases. The oil also contains vitamins, minerals, and antioxidants that promote well-being.
The market for avocado oil is a global economic system involved in the production, distribution, and consumption of a highly sought-after vegetable oil derived from the fruit pulp of the avocado. The industry of avocado oil has expanded over the years due to increasing awareness of its health benefits. It has numerous applications in both the cosmetics and culinary sectors. The avocado oil market is propelled by the rising number of health-conscious consumers who seek natural, nutrient-rich oils. Avocado oil is an excellent substitute for regular cooking oils, given its high concentration of monounsaturated fats, antioxidants, and vitamin E.
Global Avocado Oil Market Survey
- Most people prefer vegetable oil over olive, canola, or avocado oil. However, according to a survey conducted by the International Food Information Council, only 2% of respondents use avocado oil, possibly because other oils are available on the market.
- Since the COVID-19 pandemic, hourly wages in the US have increased by 15%, and people have become more aware of the health benefits of organic products like avocado oil, leading to increased spending. This is expected to boost the demand for avocado oil.
- According to the Harvard School of Public Health, avocado oil is a nutritious source of 240 calories, 22g fat, 10g fiber, 13g carbohydrates, 3g protein, and 11mg sodium.
- February 2020 states that approximately 9.5 Billion ltrs of water are required daily to produce avocados, as per an article by the World Economic Forum.
- In 2020, a study from researchers at the University of California raised concerns about the quality of avocado oil products sold in the US. They found that up to 82% of samples exhibited signs of being stale or adulterated with other oils.
Asia Pacific Avocado Oil Market
The Asia Pacific region has witnessed a consumer health consciousness surge, leading to a rise in demand for healthier food options. Avocado oil has gained popularity as a cooking oil ingredient due to its richness in monounsaturated fats and antioxidants. The region's large population, growing production, and increasing demand have contributed to its significant share of the avocado oil market, with India importing 636 shipments from 134 suppliers via 88 importers, according to Volza's data.United States Avocado Oil Market
The increasing adoption of a vegetarian diet, rising health consciousness, and the growing prevalence of lifestyle diseases drive the demand for avocado oil in the United States. The demand for dietary supplements and online shopping applications also positively influences the market. In August 2021, Vital Farms launched pasture-raised butter with avocado oil and sea salt.Global Avocado Oil Market Company News
Olivado Group, Grupo Industrial Batellero, The Village Press, Chosen Foods LLC, La Tourangelle, Spectrum Organics, Crofts Limited, Kevala, and Bella Vado Avocado Oil are the organizations present in the global avocado oil market. These businesses focus on product innovation, expanding distribution networks, and strategic partnerships to benefit a competitive area in the market.- Spack BV launched a new line of mayonnaise and dressings in 2023, which are made with 100% avocado oil and do not contain any artificial ingredients.
- In 2023, Gustav HeessOleochemischeErzeugnisse GmbH is expanding its production capacity in Germany to meet the growing demand for avocado oil in Western Europe.
- Henry Lamotte Oils GmbH launched a new avocado oil-based cooking spray in 2023. It's 100% avocado oil, nonstick, and easy to use.
- Hunter & Gather Foods Ltd. launched a new line of avocado oil-based snacks in 2023. They are made with 100% avocado oil and come in different flavors like sea salt, BBQ, sour cream, and onion.
- Olivado Group launched a skincare line in 2023. The products are made with 100% avocado oil, nourishing and protecting the skin.
- Grove Avocado Oil acquired Pressure Foods from Fresh Technologies in March 2022. This acquisition will help Grove optimize its avocado oil production by utilizing previously overlooked parts of the avocado.
- Chosen Foods is launching Pumpkin Spice Avocado Oil Caviar this season. It's made with 100% pure avocado oil and a blend of fall spices for bold, warming flavors in your favorite dishes.
Type - Global Avocado OilMarket breakup in 4 viewpoints:
1. Extra Virgin Oil2. Virgin Oil
3. Refined Oil
4. Blends
Application - Global Avocado OilMarket breakup in 4 viewpoints:
1. Food and Beverages2. Cosmetics and Personal Care
3. Pharmaceuticals
4. Others
Distribution Channel - Global Avocado OilMarket breakup in 5 viewpoints:
1. Polyvalent Anti-VenomSupermarkets/Hypermarkets2. Specialty Stores
3. Convenience Stores
4. Online Stores
5. Others
Country - Global Avocado Oil Market breakup of 25 Countries:
1. North America1.1 United States
1.2 Canada
2. Europe
2.1 France
2.2 Germany
2.3 Italy
2.4 Spain
2.5 United Kingdom
2.6 Belgium
2.7 Netherlands
2.8 Turkey
3. Asia Pacific
3.1 China
3.2 Japan
3.3 India
3.4 South Korea
3.5 Thailand
3.6 Malaysia
3.7 Indonesia
3.8 Australia
3.9 New Zealand
4. Latin America
4.1 Brazil
4.2 Mexico
4.3 Argentina
5. Middle East & Africa
5.1 Saudi Arabia
5.2 UAE
5.3 South Africa
All the key players have been covered from 3 viewpoints:
- Overview
- Recent Development
- Revenue Analysis
Company Analysis:
1. Olivado Group, Grupo Industrial Batellero2. The Village Press
3. Chosen Foods LLC
4. La Tourangelle
5. Spectrum Organics
6. Crofts Limited
7. Kevala
8. Bella Vado Avocado Oil
Table of Contents
Companies Mentioned
- Olivado Group, Grupo Industrial Batellero
- The Village Press
- Chosen Foods LLC
- La Tourangelle
- Spectrum Organics
- Crofts Limited
- Kevala
- Bella Vado Avocado Oil
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
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 185 |
| Published | April 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 600 Million |
| Forecasted Market Value ( USD | $ 1000 Million |
| Compound Annual Growth Rate | 5.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 8 |
