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Global Extra Virgin Avocado Oil Market Size, Share, Forecast: By Application: Food and Beverage, Cosmetic, Others; By Distribution Channel: Supermarkets and Hypermarkets, Convenience Store, Online Store, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032

Global Extra Virgin Avocado Oil Market Outlook

The global extra virgin avocado oil market size reached approximately USD 462.80 billion in 2023. The market is projected to grow at a CAGR of 4.5% between 2024 and 2032, reaching a value of around USD 678.56 million by 2032.

Key Trends in the Market

Avocado oil is an edible oil obtained from the pulp of the ripened fruit of Persea americana. It is considered to be one of the best fats to consume. It is mainly comprised of oleic acids and palmitoleic acids with healthy amounts of polyunsaturates (linoleic and linolenic acids) and saturates (palmitic and stearic acids.

Extra avocado olive oil is usually produced from pure cold pressed avocados, which enables the oil to possess a slight green colour with a light and nutty flavour. This oil tends to possess a distinctive rich colour and a peppery flavour profile.

One of the key global extra virgin avocado oil market trends is the rising adoption of vegan and vegetarian lifestyles around the world. Consumers are increasingly becoming aware of animal cruelty, which has led to an increased demand for alternatives to animal-based products.

The global extra virgin avocado oil market growth is expected to be propelled in the forecast period by the rising application of olive oils in cosmetic products. This trend is amplified by the numerous benefits of the ingredient, including anti-ageing properties and the ability to lock in moisture. In addition, olive oil contains squalene and is capable of penetrating deeper into the skin, making it a potent nourisher.

Another noticeable factor positively influencing the global extra virgin avocado oil market demand is the rising health awareness among people around the world, which has created a shift in consumer interest towards healthy cooking. Moreover, healthy oils such as extra virgin avocado olive oil can also be beneficial against medical conditions such as diabetes, high blood pressure, and coronary heart diseases.

Market Analysis

Based on application, the market can be segmented into food and beverage and cosmetic, among others. The global extra virgin avocado oil market segmentation, based on distribution channel, includes supermarkets and hypermarkets, convenience store, and online store, among others. The major regional markets for extra virgin avocado oil are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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. The report gives a detailed analysis of the following key players in the global extra virgin avocado oil market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

Aconcagua Oil & Extract SA

South Press Co. Ltd.

Avocado Health Limited

Tanlay AG (Olivado)

Avomexicano Inc.

Avocado Oil New Zealand Ltd.

The Village Press Ltd.

Others

Market Share by Application

According to the global extra virgin avocado oil market analysis, the food and beverage sector is one of the main users of extra virgin avocado oil. The increasing interest of consumers towards healthy food products is likely to be the key factor compelling players in the food and beverage sector to include healthy ingredients in processed food products. Moreover, the rising awareness about healthy oils has also led to an increased application of such ingredients in home cooking, which further propels the growth of the market.

Market Share by Distribution Channels

The rapid expansion of the e-commerce sector is expected to significantly augment the global extra virgin avocado oil market share in the near future. E-commerce platforms provide a convenient way to access a large variety of products and the customer can get the products delivered to their desired address. In addition, the growth of the market segment is substantially supported by the rapidly developing network technologies as it enables more users to connect with high-speed internet.

Competitive Landscape

South Press Co. Ltd. is a United Kingdom-based company operating in the food sector. The company was established in the year 2018 and since then has developed avocado, macadamia nuts, and British rapeseed based extra virgin oils.

Avocado Health Limited is a family-owned business engaged in marketing and distributing avocado oils globally. Its current product portfolio includes extra virgin avocado oil, crude/raw unrefined avocado oil, and refined avocado oil. The company’s history dates back to 1998 when it was started on a small scale and later Avocado Health Limited was established in 2002.

Tanlay AG (Olivado) is a New Zealand-based extra virgin avocado oil manufacturing company. Since its incorporation in 2000, the company has established its place in the global market for the production of various products, including avocado oils, olive oils, coconut oils, peanut oil, and macadamia nut oil, among others.

Other global extra virgin avocado oil market players include Aconcagua Oil & Extract SA, Avomexicano Inc., Avocado Oil New Zealand Ltd., and The Village Press Ltd., among others.

Key Highlights of the Report

REPORT FEATURES	DETAILS
Base Year	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Scope of the Report	Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment: Application Distribution Channel Region
Breakup by Application	Food and Beverage Cosmetic Others
Breakup by Distribution Channel	Supermarkets and Hypermarkets Convenience Store Online Store Others
Breakup by Region	North America United States of America Canada Europe United Kingdom Germany France Italy Others Asia Pacific China Japan India ASEAN Australia Others Latin America Brazil Argentina Mexico Others Middle East and Africa Saudi Arabia United Arab Emirates Nigeria South Africa Others
Market Dynamics	SWOT Analysis Porter's Five Forces Analysis Key Indicators for Demand Key Indicators for Price
Competitive Landscape	Market Structure Company Profiles Company Overview Product Portfolio Demographic Reach and Achievements Certifications
Companies Covered	Aconcagua Oil & Extract SA South Press Co. Ltd. Avocado Health Limited Tanlay AG (Olivado) Avomexicano Inc. Avocado Oil New Zealand Ltd. The Village Press Ltd. Others

*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   Market Snapshot
   6.1   Global
   6.2   Regional
7   Opportunities and Challenges in the Market
8   Global Extra Virgin Avocado Oil Market Analysis
   8.1   Key Industry Highlights
   8.2   Global Extra Virgin Avocado Oil Historical Market (2018-2023)
   8.3   Global Extra Virgin Avocado Oil Market Forecast (2024-2032)
   8.4   Global Extra Virgin Avocado Oil Market by Application
       8.4.1   Food and Beverage
           8.4.1.1   Historical Trend (2018-2023)
           8.4.1.2   Forecast Trend (2024-2032)
       8.4.2   Cosmetic
           8.4.2.1   Historical Trend (2018-2023)
           8.4.2.2   Forecast Trend (2024-2032)
       8.4.3   Others
   8.5   Global Extra Virgin Avocado Oil Market by Distribution Channel
       8.5.1   Supermarkets and Hypermarkets
           8.5.1.1   Historical Trend (2018-2023)
           8.5.1.2   Forecast Trend (2024-2032)
       8.5.2   Convenience Store
           8.5.2.1   Historical Trend (2018-2023)
           8.5.2.2   Forecast Trend (2024-2032)
       8.5.3   Online Store
           8.5.3.1   Historical Trend (2018-2023)
           8.5.3.2   Forecast Trend (2024-2032)
       8.5.4   Others
   8.6   Global Extra Virgin Avocado Oil Market by Region
       8.6.1   North America
           8.6.1.1   Historical Trend (2018-2023)
           8.6.1.2   Forecast Trend (2024-2032)
       8.6.2   Europe
           8.6.2.1   Historical Trend (2018-2023)
           8.6.2.2   Forecast Trend (2024-2032)
       8.6.3   Asia Pacific
           8.6.3.1   Historical Trend (2018-2023)
           8.6.3.2   Forecast Trend (2024-2032)
       8.6.4   Latin America
           8.6.4.1   Historical Trend (2018-2023)
           8.6.4.2   Forecast Trend (2024-2032)
       8.6.5   Middle East and Africa
           8.6.5.1   Historical Trend (2018-2023)
           8.6.5.2   Forecast Trend (2024-2032)
9   North America Extra Virgin Avocado Oil Market Analysis
   9.1   United States of America
       9.1.1   Historical Trend (2018-2023)
       9.1.2   Forecast Trend (2024-2032)
   9.2   Canada
       9.2.1   Historical Trend (2018-2023)
       9.2.2   Forecast Trend (2024-2032)
10   Europe Extra Virgin Avocado Oil Market Analysis
   10.1   United Kingdom
       10.1.1   Historical Trend (2018-2023)
       10.1.2   Forecast Trend (2024-2032)
   10.2   Germany
       10.2.1   Historical Trend (2018-2023)
       10.2.2   Forecast Trend (2024-2032)
   10.3   France
       10.3.1   Historical Trend (2018-2023)
       10.3.2   Forecast Trend (2024-2032)
   10.4   Italy
       10.4.1   Historical Trend (2018-2023)
       10.4.2   Forecast Trend (2024-2032)
   10.5   Others
11   Asia Pacific Extra Virgin Avocado Oil Market Analysis
   11.1   China
       11.1.1   Historical Trend (2018-2023)
       11.1.2   Forecast Trend (2024-2032)
   11.2   Japan
       11.2.1   Historical Trend (2018-2023)
       11.2.2   Forecast Trend (2024-2032)
   11.3   India
       11.3.1   Historical Trend (2018-2023)
       11.3.2   Forecast Trend (2024-2032)
   11.4   ASEAN
       11.4.1   Historical Trend (2018-2023)
       11.4.2   Forecast Trend (2024-2032)
   11.5   Australia
       11.5.1   Historical Trend (2018-2023)
       11.5.2   Forecast Trend (2024-2032)
   11.6   Others
12   Latin America Extra Virgin Avocado Oil Market Analysis
   12.1   Brazil
       12.1.1   Historical Trend (2018-2023)
       12.1.2   Forecast Trend (2024-2032)
   12.2   Argentina
       12.2.1   Historical Trend (2018-2023)
       12.2.2   Forecast Trend (2024-2032)
   12.3   Mexico
       12.3.1   Historical Trend (2018-2023)
       12.3.2   Forecast Trend (2024-2032)
   12.4   Others
13   Middle East and Africa Extra Virgin Avocado Oil Market Analysis
   13.1   Saudi Arabia
       13.1.1   Historical Trend (2018-2023)
       13.1.2   Forecast Trend (2024-2032)
   13.2   United Arab Emirates
       13.2.1   Historical Trend (2018-2023)
       13.2.2   Forecast Trend (2024-2032)
   13.3   South Africa
       13.3.1   Historical Trend (2018-2023)
       13.3.2   Forecast Trend (2024-2032)
   13.4   Others
14   Market Dynamics
   14.1   SWOT Analysis
       14.1.1   Strengths
       14.1.2   Weaknesses
       14.1.3   Opportunities
       14.1.4   Threats
   14.2   Porter’s Five Forces Analysis
       14.2.1   Supplier’s Power
       14.2.2   Buyer’s Power
       14.2.3   Threat of New Entrants
       14.2.4   Degree of Rivalry
       14.2.5   Threat of Substitutes
   14.3   Key Indicators for Demand
   14.4   Key Indicators for Price
15   Value Chain Analysis
16   Price Analysis
17   Competitive Landscape
   17.1   Market Structure
   17.2   Company Profiles
       17.2.1   Aconcagua Oil & Extract SA
           17.2.1.1   Company Overview
           17.2.1.2   Product Portfolio
           17.2.1.3   Demographic Reach and Achievements
           17.2.1.4   Certifications
       17.2.2   South Press Co. Ltd.
           17.2.2.1   Company Overview
           17.2.2.2   Product Portfolio
           17.2.2.3   Demographic Reach and Achievements
           17.2.2.4   Certifications
       17.2.3   Avocado Health Limited
           17.2.3.1   Company Overview
           17.2.3.2   Product Portfolio
           17.2.3.3   Demographic Reach and Achievements
           17.2.3.4   Certifications
       17.2.4   Tanlay AG (Olivado)
           17.2.4.1   Company Overview
           17.2.4.2   Product Portfolio
           17.2.4.3   Demographic Reach and Achievements
           17.2.4.4   Certifications
       17.2.5   Avomexicano Inc.
           17.2.5.1   Company Overview
           17.2.5.2   Product Portfolio
           17.2.5.3   Demographic Reach and Achievements
           17.2.5.4   Certifications
       17.2.6   Avocado Oil New Zealand Ltd.
           17.2.6.1   Company Overview
           17.2.6.2   Product Portfolio
           17.2.6.3   Demographic Reach and Achievements
           17.2.6.4   Certifications
       17.2.7   The Village Press Ltd.
           17.2.7.1   Company Overview
           17.2.7.2   Product Portfolio
           17.2.7.3   Demographic Reach and Achievements
           17.2.7.4   Certifications
       17.2.8   Others
18   Key Trends and Developments in the Market

List of Key Figures and Tables

1.   Global Extra Virgin Avocado Oil Market: Key Industry Highlights, 2018 and 2032
2.   Global Extra Virgin Avocado Oil Historical Market: Breakup by Application (USD Million), 2018-2023
3.   Global Extra Virgin Avocado Oil Market Forecast: Breakup by Application (USD Million), 2024-2032
4.   Global Extra Virgin Avocado Oil Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
5.   Global Extra Virgin Avocado Oil Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
6.   Global Extra Virgin Avocado Oil Historical Market: Breakup by Region (USD Million), 2018-2023
7.   Global Extra Virgin Avocado Oil Market Forecast: Breakup by Region (USD Million), 2024-2032
8.   North America Extra Virgin Avocado Oil Historical Market: Breakup by Country (USD Million), 2018-2023
9.   North America Extra Virgin Avocado Oil Market Forecast: Breakup by Country (USD Million), 2024-2032
10.   Europe Extra Virgin Avocado Oil Historical Market: Breakup by Country (USD Million), 2018-2023
11.   Europe Extra Virgin Avocado Oil Market Forecast: Breakup by Country (USD Million), 2024-2032
12.   Asia Pacific Extra Virgin Avocado Oil Historical Market: Breakup by Country (USD Million), 2018-2023
13.   Asia Pacific Extra Virgin Avocado Oil Market Forecast: Breakup by Country (USD Million), 2024-2032
14.   Latin America Extra Virgin Avocado Oil Historical Market: Breakup by Country (USD Million), 2018-2023
15.   Latin America Extra Virgin Avocado Oil Market Forecast: Breakup by Country (USD Million), 2024-2032
16.   Middle East and Africa Extra Virgin Avocado Oil Historical Market: Breakup by Country (USD Million), 2018-2023
17.   Middle East and Africa Extra Virgin Avocado Oil Market Forecast: Breakup by Country (USD Million), 2024-2032
18.   Global Extra Virgin Avocado Oil Market Structure

Key Questions Answered in the Report

What was the global extra virgin avocado oil market value in 2023?

In 2023, the market reached an approximate value of USD 462.80 million.

What is the growth rate of the global extra virgin avocado oil market?

The market is projected to grow at a CAGR of 4.5% between 2024 and 2032.

What is the forecast outlook of the global extra virgin avocado oil market for 2024-2032?

The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach a value of around USD 678.56 million by 2032.

What are the major market drivers?

The market is being driven by the increasing demand for healthy oils and the extensive applications of the oil in cosmetic products.

What are the major trends in the market?

The growing adoption of vegan and vegetarian diets around the world and the rising utilisation of extra virgin oils in home cooking is expected to propel the demand in the market in the coming years.

What are the major regional markets for extra virgin avocado oil, according to the EMR report?

The major regional markets are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

What are the different distribution channels for the product?

The different distribution channels are supermarkets and hypermarkets, convenience store, and online store, among others.

Who are the key market players, according to the global extra virgin avocado oil market report?

The key players in the market include Aconcagua Oil & Extract SA, South Press Co. Ltd., Avocado Health Limited, Tanlay AG (Olivado), Avomexicano Inc., Avocado Oil New Zealand Ltd., and The Village Press Ltd., among others.

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