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Global Avocado Oil Market: By Product Type: Extra-Virgin Oil, Refined Oil, Blends, Others; By Application; By Distribution Channel; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Value Chain Analysis; Price Analysis; Competitive Landscape; Industry Events and Developments
Global Avocado Oil Market Outlook
The global avocado oil market size reached a value of about USD 495 million in 2020. The avocado oil market is further expected to increase at a CAGR of 6.9% between 2021 and 2026 to reach a value of approximately USD 734 million by 2026.
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North America is a leading region for the global avocado oil market. Extra virgin oil is the leading product type in the industry. The extra virgin oil has a high point of smoke. The oil is extracted at low temperatures because of which the oil possesses high nutritional content, fragrance, and flavour. Extra virgin avocado oil contains a natural taste because flavours and colouring agents are not used and can be used for emulsifying, spreading, frying, drizzling, and other cooking processes.
Market Segmentation
Avocado oil is a natural oil derived from the pulp of the avocado. Approximately 70% of the oil is composed of heart-healthy oleic acid, a monounsaturated omega-9 fatty acid. Avocado is high in sugar, potassium, rich in texture, and also has a good taste. Due to its high health benefits, the health-conscious population is a major consumer of avocado oil, particularly those dealing with obesity and heart attacks. In addition to the food and beverage industries, the product is also commonly used in pharmaceutical and cosmetic products. It does have a moisturising, antioxidant, emollient, and toning effect that keeps the skin radiant and helps to reduce blemish, dry skin, wrinkles, and acne.
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Based on product type, the industry can be categorised as follows:
- Extra Virgin Oil
- Refined Oil
- Blends
- Others
Avocado oil finds wide application in the following sectors:
- Food and Beverages
- Cosmetics
- Pharmaceuticals
- Others
The distribution channels of the product can be divided into business to business and business to consumer.
Business to consumer channel can be further segmented into:
- Supermarkets/Hypermarkets
- Convenience Stores
- Online Stores
- Others
The regional avocado oil markets include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Market Analysis
The increasing awareness of the rich nutritional profile of avocado oil is one of the main factors propelling the industry growth. With an increase in health consciousness across the world, customers are now willing to integrate nutritious ingredients into their everyday dietary habits. In fact, hectic lifestyles have drastically decreased physical activity, contributing to the rise of numerous lifestyle diseases. In order to counter this, consumers are gradually replacing butter and vegetable oils containing large concentrations of saturated fats with avocado oil, that has a higher content of beneficiary fatty acids. Moreover, the growing popularity of organic skin care and personal care products leads to the higher sales of carrier oils, further increasing the demand for avocado oil.
Competitive Landscape
The report gives a detailed analysis of the following key players in the global avocado oil market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Olivado Group
- Grupo Industrial Batellero
- The Village Press
- Spectrum Organics
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product Type, Application, Distribution Channel, Region |
| Breakup by Product Type | Extra-Virgin Oil, Refined Oil, Blends, Others |
| Breakup by Application | Food and Beverages, Cosmetics, Pharmaceuticals, Others |
| Breakup by Distribution Channel | Business to Business, Business to Consumer |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Price Analysis | Historical and Forecast Price Trends- Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Olivado Group, Grupo Industrial Batellero, The Village Press, Spectrum Organics, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Avocado Processing Market Overview
8.1 Key Industry Highlights
8.2 Global Avocado Processing Historical Market (2018-2022)
8.3 Global Avocado Processing Market Forecast (2023-2028)
8.4 Global Avocado Processing Market by Product Type
8.5 Global Avocado Processing Market by Application
8.6 Global Avocado Processing Market by Distribution Channel
8.7 Global Avocado Processing Market by Region
9 Global Avocado Oil Market Analysis
9.1 Key Industry Highlights
9.2 Global Avocado Oil Historical Market (2018-2022)
9.3 Global Avocado Oil Market Forecast (2023-2028)
9.4 Global Avocado Oil Market by Product Type
9.4.1 Extra-Virgin Oil
9.4.1.1 Market Share
9.4.1.2 Historical Trend (2018-2022)
9.4.1.3 Forecast Trend (2023-2028)
9.4.2 Refined Oil
9.4.2.1 Market Share
9.4.2.2 Historical Trend (2018-2022)
9.4.2.3 Forecast Trend (2023-2028)
9.4.3 Blends
9.4.3.1 Market Share
9.4.3.2 Historical Trend (2018-2022)
9.4.3.3 Forecast Trend (2023-2028)
9.4.4 Others
9.5 Global Avocado Oil Market by Application
9.5.1 Food and Beverages
9.5.1.1 Market Share
9.5.1.2 Historical Trend (2018-2022)
9.5.1.3 Forecast Trend (2023-2028)
9.5.2 Cosmetics
9.5.2.1 Market Share
9.5.2.2 Historical Trend (2018-2022)
9.5.2.3 Forecast Trend (2023-2028)
9.5.3 Pharmaceuticals
9.5.3.1 Market Share
9.5.3.2 Historical Trend (2018-2022)
9.5.3.3 Forecast Trend (2023-2028)
9.5.4 Others
9.6 Global Avocado Oil Market by Distribution Channel
9.6.1 Business to Business
9.6.1.1 Market Share
9.6.1.2 Historical Trend (2018-2022)
9.6.1.3 Forecast Trend (2023-2028)
9.6.2 Business to Consumer
9.6.2.1 Market Share
9.6.2.1.1 Supermarkets/Hypermarkets
9.6.2.1.2 Convenience Stores
9.6.2.1.3 Online
9.6.2.1.4 Others
9.6.2.2 Historical Trend (2018-2022)
9.6.2.3 Forecast Trend (2023-2028)
9.7 Global Avocado Oil Market by Region
9.7.1 Market Share
9.7.1.1 North America
9.7.1.2 Europe
9.7.1.3 Asia Pacific
9.7.1.4 Latin America
9.7.1.5 Middle East and Africa
10 Regional Analysis
10.1 North America
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.1.3 Breakup by Country
10.1.3.1 United States of America
10.1.3.2 Canada
10.2 Europe
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.2.3 Breakup by Country
10.2.3.1 United Kingdom
10.2.3.2 Germany
10.2.3.3 France
10.2.3.4 Italy
10.2.3.5 Others
10.3 Asia Pacific
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.3.3 Breakup by Country
10.3.3.1 China
10.3.3.2 Japan
10.3.3.3 India
10.3.3.4 ASEAN
10.3.3.5 Australia
10.3.3.6 Others
10.4 Latin America
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.4.3 Breakup by Country
10.4.3.1 Brazil
10.4.3.2 Argentina
10.4.3.3 Mexico
10.4.3.4 Others
10.5 Middle East and Africa
10.5.1 Historical Trend (2018-2022)
10.5.2 Forecast Trend (2023-2028)
10.5.3 Breakup by Country
10.5.3.1 Saudi Arabia
10.5.3.2 United Arab Emirates
10.5.3.3 Nigeria
10.5.3.4 South Africa
10.5.3.5 Others
11 Market Dynamics
11.1 SWOT Analysis
11.1.1 Strengths
11.1.2 Weaknesses
11.1.3 Opportunities
11.1.4 Threats
11.2 Porter’s Five Forces Analysis
11.2.1 Supplier’s Power
11.2.2 Buyers Power
11.2.3 Threat of New Entrants
11.2.4 Degree of Rivalry
11.2.5 Threat of Substitutes
11.3 Key Indicators for Demand
11.4 Key Indicators for Price
12 Value Chain Analysis
13 Price Analysis
13.1 North America Historical Price Trends (2018-2022) and Forecast (2023-2028)
13.2 Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
13.3 Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
13.4 Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
13.5 Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players Market Share
14.3 Company Profiles
14.3.1 Olivado Group
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Demographic Reach and Achievements
14.3.1.4 Financial Summary
14.3.1.5 Certifications
14.3.2 Grupo Industrial Batellero
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Demographic Reach and Achievements
14.3.2.4 Financial Summary
14.3.2.5 Certifications
14.3.3 The Village Press
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Demographic Reach and Achievements
14.3.3.4 Financial Summary
14.3.3.5 Certifications
14.3.4 Spectrum Organics
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Demographic Reach and Achievements
14.3.4.4 Financial Summary
14.3.4.5 Certifications
14.3.5 Others
15 Industry Events and Developments
List of Key Figures and Tables
1. Global Avocado Oil Market: Key Industry Highlights, 2018 and 2028
2. Global Avocado Oil Historical Market: Breakup by Product Type (USD Billion), 2018-2022
3. Global Avocado Oil Market Forecast: Breakup by Product Type (USD Billion), 2023-2028
4. Global Avocado Oil Historical Market: Breakup by Application (USD Billion), 2018-2022
5. Global Avocado Oil Market Forecast: Breakup by Application (USD Billion), 2023-2028
6. Global Avocado Oil Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2022
7. Global Avocado Oil Market Forecast: Breakup by Distribution Channel (USD Billion), 2023-2028
8. Global Avocado Oil Historical Market: Breakup by Region (USD Billion), 2018-2022
9. Global Avocado Oil Market Forecast: Breakup by Region (USD Billion), 2023-2028
10. North America Avocado Oil Historical Market: Breakup by Country (USD Billion), 2018-2022
11. North America Avocado Oil Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Europe Avocado Oil Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Europe Avocado Oil Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Asia Pacific Avocado Oil Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Asia Pacific Avocado Oil Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Latin America Avocado Oil Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Latin America Avocado Oil Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Middle East and Africa Avocado Oil Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Middle East and Africa Avocado Oil Market Forecast: Breakup by Country (USD Billion), 2023-2028
20. North America Historical Price Trends and Forecast 2018-2028
21. Europe Historical Price Trends and Forecast 2018-2028
22. Asia Pacific Historical Price Trends and Forecast 2018-2028
23. Latin America Historical Price Trends and Forecast 2018-2028
24. Middle East and Africa Historical Price Trends and Forecast 2018-2028
25. Global Avocado Oil Market Structure
Key Questions Answered in the Report
In 2020, the global avocado oil market attained a value of nearly USD 495 million in 2020.
The market is projected to increase at a CAGR of 6.9% in the forecast period of 2023-2028.
The market is expected to witness a healthy growth between 2021 and 2026 to reach to reach nearly USD 734 million by 2026.
The major drivers of the market such as rising disposable incomes, increasing population, increasing health consciousness, and busier lifestyles are expected to aid the industry growth.
The shift away from products containing saturated fat and towards food with higher beneficiary fatty acids content, along with the rising demand for organic skin care and personal care product, are expected to be the leading trends defining the growth of the market.
North America is a leading region for the market. Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the other major regions in the market.
Extra virgin oil is the most significant product type in the industry.
The leading application segments in the market are food and beverages, cosmetics, pharmaceuticals, and others.
The major distribution channels for the products are business to business and business to consumer.
The major players in the industry are Olivado Group, Grupo Industrial Batellero, The Village Press, Spectrum Organics, and others.
Analyst Review
The global avocado oil market attained a value of USD 495 million in 2020 driven by the growing health consciousness of consumers and rising disposable incomes. Aided by the growing demand for organic cosmetics and personal care products, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 6.89%. The avocado oil market is projected to reach USD 734 million by 2026.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its product types, the industry can be segmented into extra virgin oil, refined oil, and blends, among others, with extra virgin oil accounting for the largest market share. On the basis of application, the industry is segmented into food and beverages, cosmetics, pharmaceuticals, and others. The distributional channels in the market is bifurcated into business to business and business to consumer. The major regional markets for product are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with North America accounting for the largest share of the market. The key players in the above market include Olivado Group, Grupo Industrial Batellero, The Village Press, Spectrum Organics, and others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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