Global Avocado Oil Market Report and Forecast 2024-2032

Global Avocado Oil Market Outlook

The global avocado oil market size attained a value of approximately USD 640.09 million in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 5.80%, reaching a value of around USD 1060.14 million by 2032.

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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

Avocado Oil Market Report Snapshots

Avocado Oil Market Size

Avocado Oil Market Share

Avocado Oil Market Analysis

Avocado Oil Companies