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Global Avocado Oil Market Size, Share, Growth, Forecast: By Product Type: Extra-Virgin Oil, Refined Oil, Blends, Others; By Application: Food and Beverages, Cosmetics, Pharmaceuticals, Others; By Distribution Channel: Business to Business, Business to Consumer; Regional Analysis; Market Dynamics; Competitive Landscape; 2023-2028
Global Avocado Oil Market Outlook
The global avocado oil market size attained a value of approximately USD 605 million in 2022. The market is further expected to grow in the forecast period of 2023-2028 at a CAGR of 5.80%, reaching a value of around USD 846.1 million by 2028.
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Avocado oil is a healthy heart oil which helps in lowering blood pressure and cholesterol levels and contains vital vitamins and minerals. In this regard, the growing awareness pertaining to avocado oil benefits is fuelling the global market for avocado oil. The rapid transition from using vegetable oil to avocado oil, especially while preparing high-calorie condiments such as mayonnaise and sauce, is increasing the demand for avocado oil. Moreover, avocado oil, contains fibres and essential vitamins beneficial for humans, leading to an increased avocado oil market growth. Hence, these medicinal properties of this oil is anticipated to increase its applications in the pharmaceutical sector.
Meanwhile, avocado oil also has moisturising and antioxidant properties which makes it useful in the cosmetics sector. Increasing demand for natural cosmetics products, expansion of the personal care sector, and growing usage of natural cosmetics products by men and women are posing a positive avocado oil market opportunity over the coming years.
Global Avocado Oil Market Share by Type
Extra-virgin oil is the leading product type of avocado oil in the market and can be used for emulsifying, spreading, frying, drizzling, and other cooking processes. With a high smoke point, extra-virgin avocado oil contains a natural taste because flavours and colouring agents are not used. The oil is extracted at low temperatures because of which the oil possesses high nutritional content, fragrance, and flavour. Avocado oil is immensely versatile for cooking preparations, suited for grilling, baking, and sauteing, leading to a preparation of healthy and delicious textured dish. Hence, the increasing demand for this oil in the household sector is enlarging the market share of avocado oil in the global food and beverage sector.
Market Segmentation
Avocado oil is a natural oil derived from the pulp of the avocado fruit. Approximately 70% of the oil comprises 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 various 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, avocado oil is also commonly used in pharmaceutical and cosmetic products. It offers a moisturising, emollient, and toning effect that keeps the skin radiant and helps to reduce blemishes, dry skin, wrinkles, and acne.
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Based on product type, the market is categorised into:
- Extra-Virgin Oil
- Refined Oil
- Blends
- Others
On the basis of application, the market is divided into:
- Food and Beverages
- Cosmetics
- Pharmaceuticals
- Others
Based on distribution channel, the market is segmented into:
- Business to Business
- Business to Consumer
- Supermarkets/Hypermarkets
- Convenience Stores
- Online Stores
- Others
The regional markets for avocado oil include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Market Analysis
Increasing awareness of the rich nutritional profile of avocado oil is one of the main factors expanding the avocado oil market. With an increase in health consciousness across the world, consumers are increasingly integrating nutritious ingredients into their everyday dietary habits. Hectic lifestyles have drastically decreased physical activity, contributing to a rise in 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. This transition is escalating the avocado oil market demand. Moreover, the growing popularity of organic skin care and personal care products are leading to a higher demand for effective carrier oils, including avocado oil.
At a regional level, North America accounts for a sizable share of the market for avocado oil, fuelled by the increasing demand for alternative and healthy cooking oils and widespread accessibility of avocado oil and its products. The United States avocado oil market is being bolstered by the growing transition from unhealthy fast foods towards home cooked healthy dishes cooked with 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
- Chosen Foods LLC
- Tanlay AG (Olivado)
- La Tourangelle
- Crofts Limited
- Kevala
- Bella Vado Avocado Oil
- 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.
Key Highlights of the Report
| 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:
|
| Breakup by Product Type |
|
| Breakup by Application |
|
| Breakup by Distribution Channel |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*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 Chosen Foods LLC
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Demographic Reach and Achievements
14.3.5.4 Financial Summary
14.3.5.5 Certifications
14.3.6 Tanlay AG (Olivado)
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Demographic Reach and Achievements
14.3.6.4 Financial Summary
14.3.6.5 Certifications
14.3.7 La Tourangelle
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Demographic Reach and Achievements
14.3.7.4 Financial Summary
14.3.7.5 Certifications
14.3.8 Crofts Limited
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Demographic Reach and Achievements
14.3.8.4 Financial Summary
14.3.8.5 Certifications
14.3.9 Kevala
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Demographic Reach and Achievements
14.3.9.4 Financial Summary
14.3.9.5 Certifications
14.3.10 Bella Vado Avocado Oil
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Demographic Reach and Achievements
14.3.10.4 Financial Summary
14.3.10.5 Certifications
14.3.11 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 2022, the global market for avocado oil attained a value of approximately USD 605 million.
The market is projected to increase at a CAGR of 5.80% in the forecast period of 2023-2028.
The market is expected to witness a healthy growth between 2023 and 2028, reaching a value of around USD 846.1 million by 2028.
The major drivers of the market include increasing awareness regarding the benefits of avocado oil, rising disposable incomes, increasing population, and busier lifestyles.
The key avocado oil market trends include shift towards foods with higher content of beneficiary fatty acids, rising demand for organic skin care and personal care products, and increasing availability of avocado oils.
The major regional markets for avocado oil, according to the report, are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The primary product types of avocado oil in the market are extra-virgin oil, refined oil, and blends, among others.
The leading applications of avocado oil in the market are food and beverages, cosmetics, and pharmaceuticals, among others.
The significant distribution channels for avocado oil are business to business and business to consumer.
The major players in the market, according to the report, 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.
Analyst Review
The global avocado oil market attained a value of USD 605 million in 2022, driven by 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 5.80%. The market is projected to reach a value of around USD 846.1 million by 2028.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the market. Based on product type, the market is 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 market is divided into food and beverages, cosmetics, and pharmaceuticals, among others. The distributional channels in the market are bifurcated into business to business and business to consumer. The major regional markets for avocado oil 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, Chosen Foods LLC, Tanlay AG (Olivado), La Tourangelle, Crofts Limited, Kevala, and Bella Vado Avocado Oil, among 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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