Nutritional Benefits of Avocado Oil to Propel the Market Growth of Avocado Oil in Europe
As avocado oil’s nutrient profile of boasts a higher content of beneficial fatty acids, avocado oil enjoys the key customer base of the health-conscious community, particularly those fighting obesity problems. Olive oil's shortcomings, such as an unpleasant odour and taste it leaves in food, often make customers opt for other healthier and tasty oils, such as avocado oil, which is also a key factor driving the growth of the avocado oil industry in Europe. Avocado oil is sold as an instant, healthy alternative to olive oil as well as an alternative to other oils for cooking and dressing. Changes in customer purchasing habits, such as first noticing a food product's nutrient composition and a propensity toward fresh and healthy products, serve as a significant driving factor for the demand for avocado oil in Europe.Europe Avocado Oil: Market Segmentation
Avocado is a tropical fruit, primarily native to South America, which, as its demand is increasing, is now commonly grown in other tropical regions and some Mediterranean regions of the world. Depending on the variety, this fruit contains 5-30% oil and is processed by the cold pressing process or by solvent extraction.By nature, the market is divided into:
- Organic
- Conventional
On the basis of product type, the market is bifurcated into:
- Extra-Virgin Oil
- Virgin
- Refined Oil
- Blends
- Others
By application, the market is divided into:
- Food and Beverages
- Cosmetics and Personal Care
- Pharmaceuticals
- Others
Based on distribution channel, the market is segmented into:
- Business to Business
- Business to Consumer
The regional markets for the product include:
- United Kingdom
- Germany
- France
- Russia
- Italy
Short Shelf-life of Avocados to Propel Market Growth of Avocado Oil in Europe
There has been a large number of avocados produced that are wasted, i.e., they are either left to rot or fed to livestock. They are particularly unsuitable for export due to their poor shelf-life. These avocados offer a significant opportunity for local farmers to turn them into high-value-added goods, such as avocado oil. In addition to offering an alternate income source for avocado farmers through the production of avocado oil, it is likely to reduce the possibility of loss due to waste through forming relationships directly with farms to acquire avocado feedstock or setting up processing capabilities at or close farms. This is quite beneficial for regional markets, especially Europe, which is expected to top the chart of market share.Italy is the hardest-hit country in Europe due to the coronavirus epidemic, with the largest number of coronavirus cases registered in Italy. Owing to the loss of income from different sectors, the country is projected to take an economic blow. Drastic steps and immigration bans have been introduced by the other Member States, including partial closure of their borders. This is expected to hold back the growth of the industry in Europe before recovering in the forecast period.
Key Industry Players in the Europe Avocado Oil Market
The report gives a detailed analysis of the following key players in the Europe avocado oil market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:- Spack BV
- Gustav Heess Oleochemische Erzeugnisse GmbH
- Henry Lamotte Oils GmbH
- Hunter & Gather Foods Ltd
- Others
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Companies Mentioned
The key companies featured in this Europe Avocado Oil market report include:- Spack BV
- Gustav Heess Oleochemische Erzeugnisse GmbH
- Henry Lamotte Oils GmbH
- Hunter & Gather Foods Ltd