Global Avocado Oil Market to Grow at a CAGR of 5.80% During 2024-2032, Aided by the Growing Awareness Regarding Health Benefits of Avocado Oil

North America holds a significant market share due to the rising awareness regarding high nutrient content, mild flavour, and high smoke point of avocado oil. It is used not only for cooking but also as a valued ingredient in skincare and hair care products, further aiding the avocado oil market growth.

Nearly 25% of the American population dies due to cardiovascular disease. High levels of potassium and vitamin E found in avocado oil have anti-inflammatory and antioxidant effects that protect the cardiovascular system. Nutritionists recommend avocado oil due to its high level of monounsaturated fats, or the well-known oleic acid, which ranges from 72–76%, compared to 13–16% for saturated fat. The healthy eating trend in the region drives the demand for avocado oil.

Besides, the expansion of distribution channels is favouring the market growth. Online channels such as Amazon (NASDAQ: AMZN) are increasingly preferred by customers to purchase avocado oil due to their convenience, attractive discounts, and rapid delivery, among others.

The ongoing purity testing and companies’ commitment to purity expand the market demand. To ensure that the oil is only 100% pure avocado oil, Chosen Foods LLC tests each batch. The company is engaged in several tests by examining the fatty acid composition of oil to verify the 100% purity of its avocado oil product line. Utilising this testing technique, the company tracks the supply chain to guarantee the highest levels of quality and purity.

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Market Analysis by Product Type, Application, Distribution Channel, and Region:

• The market, on the basis of product type, can be divided into extra-virgin oil, refined oil, and blends, among others.

• Based on application, the market can be divided into food and beverages, cosmetics, and pharmaceuticals, among others.

• The various distribution channels for avocado oil include business to business and business to consumer.

• The major regional markets for avocado oil include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• Avocado oil contains a high concentration of potassium, vitamin E, and other antioxidants such as beta-sitosterol that restrict cholesterol's absorption during digestion, aiding the avocado oil market growth. Consumer awareness towards overall well-being and increasing awareness of health benefits creates opportunities for the market.

• Due to its high smoke point and mild flavour, avocado oil is used for cooking applications such as frying and sautéing. The growing customer interest in trying different cuisines and gastronomical experiences strengthens the market.

• Consumers’ growing demand for personal care and beauty products drives the demand for avocado oil owing to its moisturising and antioxidant properties.

• The growing awareness regarding sustainability and ethical sourcing propels the preference for avocado oil as it can be produced sustainably, especially using organic practices.

Key Offerings of the Report:

• The EMR report gives an overview of the global avocado oil market for the periods (2018-2023) and (2024-2032).

• The report also offers the historical (2018-2023) and forecast (2024-2032) markets for the product types, applications, distribution channels, and major regions of avocado oil.

• It assesses the regional price trends for the (2018-2023) and (2024-2032) periods.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global avocado oil market are Olivado Group, Grupo Industrial Batellero, The Village Press, Spectrum Organics, Chosen Foods LLC, Tanlay AG (Olivado), La Tourangelle, Crofts Limited, Kevala, and Bella Vado Avocado Oil, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

Key Highlights of the Report

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