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Latin America Avocado Oil Market: By Product Type: Extra Virgin Oil, Refined Oil, Blends, Others; By Application: Food and Beverages, Cosmetics, Pharmaceuticals, Others; By Distribution Channel; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Competitive Landscape; Industry Events and Developments

Latin America Avocado Oil Market Outlook

The Latin America avocado oil market reached a value of about USD 189 million in 2020. The market is estimated to grow at a CAGR of 5.8% in the forecast period of 2021-2026. The market is anticipated to reach a value of USD 268 million by 2026.

 

Latin America Avocado Oil Market

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Mexico to be a Significant Regional Market for Avocado Oil in Latin America

Mexico is expected to be one of the leading regional markets for avocado oil in Latin America. The growth of the avocado oil market in Mexico can be attributed to the rising prevalence of diabetes, obesity, cardiovascular diseases, and other chronic diseases in the country. The outbreak of the COVID-19 pandemic further provided an impetus to the market, owing to the significant growth of the pharmaceutical industry. Meanwhile, the growing food and beverage industry also aided the market, as avocado oil is a great immunity booster and has a high nutritional value. Avocado oil contains healthy fat. Therefore, even as the consumer preference shifted towards a healthier diet, avocado oil remained in demand.

 

Avocado Oil: Industry Definition and Segmentation

Avocado oil is a healthy edible oil with a high smoke point, which makes it popular as a cooking oil. The oil can also be consumed raw and has a similar nutritional content as olive oil. It is extracted from the avocado pulp. While avocado oil is extensively used for baking, deep-frying, stir-frying, barbecuing, searing, roasting, and sauteing, it is also used in cosmetics and lubricants.

 

Latin America Avocado Oil Market By Region

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By product type, the market can be segmented into:

  • Extra Virgin Oil
  • Refined Oil 
  • Blends 
  • Others

Based on application, the industry can be divided into:

  • Food and Beverages
  • Cosmetics
  • Pharmaceuticals
  • Others

On the basis of distribution channel, the market can be categorised into:

  • Business to Business
  • Business to Consumer
    • Supermarkets and Hypermarkets
    • Convenience Stores
    • Online
    • Others

The regional markets for avocado oil in Latin America can be divided into Mexico and others.

 

Latin America Avocado Oil Market By Region

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Rising Awareness of the Health Benefits of Avocado Oil to Propel the Market Growth

The avocado oil market witnessed a surge in growth, owing to the increased awareness of the benefits about the product. Avocado oil is a good source of glutathione, which boosts the immune system. The rising awareness about the nutrient-rich composition of the product, the positive perception among the health experts, and the healthy lifestyle pursued by people of Latin America are some of the factors likely to drive the market in the forecast period. The thriving pharmaceutical industry is expected to further aid the market growth, owing to the medicinal properties of the product. Moreover, the food and beverages sector is witnessing the development of diverse varieties of products, including dishes made with refined avocado oil. This is expected to significantly boost the market significantly in the next few years.

The market is expected to register a substantial growth in the forecast period. The COVID-19 pandemic has increased the health awareness among the people. Since extra-virgin avocado oil is considered a healthy oil and preferred over regular oils, the market is expected to be bolstered by its robust demand in the coming years.

 

Key Industry Players in the Latin America Avocado Oil Market

The report gives a detailed analysis of the following key players in the global railroads market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • SESAJAL SA de CV
  • NOBEL FOODS, S.A. DE C.V
  • Grupo MaDiVi SA de CV
  • Diricom, S.A. de C.V.
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2016-2020
Forecast Period 2021-2026
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 Consumers
Breakup by Regions Mexico, Others
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles-Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered SESAJAL SA de CV, Nobel Foods, S.A. DE C.V, Grupo MaDiVi SA de CV, Diricom, S.A. de C.V., 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.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual 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    Latin America
    6.2    Mexico
7    Industry Opportunities and Challenges
8    Latin America Avocado Oil Market Analysis

    8.1    Key Industry Highlights
    8.2    Latin America Avocado Oil Historical Market (2016-2020) 
    8.3    Latin America Avocado Oil Market Forecast (2021-2026)
    8.4    Latin America Avocado Oil Market by Product Type
        8.4.1    Extra Virgin Oil
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Refined Oil
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
        8.4.3    Blends
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
        8.4.4    Others
    8.5    Latin America Avocado Oil Market by Application
        8.5.1    Food and Beverages
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Cosmetics
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    Pharmaceuticals
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
        8.5.4    Others
    8.6    Latin America Avocado Oil Market by Distribution Channel
        8.6.1    Business to Business
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    Business to Consumers
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
            8.6.2.4    Breakup by Type
                8.6.2.4.1    Supermarkets and Hypermarkets
                    8.6.2.4.1.1    Market Share
                    8.6.2.4.1.2    Historical Trend (2016-2020)
                    8.6.2.4.1.3    Forecast Trend (2021-2026)
                8.6.2.4.2    Convenience Stores
                    8.6.2.4.2.1    Market Share
                    8.6.2.4.2.2    Historical Trend (2016-2020)
                    8.6.2.4.2.3    Forecast Trend (2021-2026)
                8.6.2.4.3    Online
                    8.6.2.4.3.1    Market Share
                    8.6.2.4.3.2    Historical Trend (2016-2020)
                    8.6.2.4.3.3    Forecast Trend (2021-2026)
                8.6.2.4.4    Others
    8.7    Latin America Avocado Oil Market by Region
        8.7.1    Market Share
            8.7.1.1    Mexico
            8.7.1.2    Others
9    Regional Analysis
    9.1    Mexico
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    SESAJAL SA de CV
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Nobel Foods, S.A. DE C.V
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Grupo MaDiVi SA de CV
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Diricom, S.A. de C.V.
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Others
13    Industry Events and Developments

 

List of Figures and Tables

1.    Latin America Avocado Oil Market: Key Industry Highlights, 2016 and 2026
2.    Latin America Avocado Oil Historical Market: Breakup by Product Type (USD Million), 2016-2020
3.    Latin America Avocado Oil Market Forecast: Breakup by Product Type (USD Million), 2021-2026
4.    Latin America Avocado Oil Historical Market: Breakup by Application (USD Million), 2016-2020
5.    Latin America Avocado Oil Market Forecast: Breakup by Application (USD Million), 2021-2026
6.    Latin America Avocado Oil Historical Market: Breakup by Distribution Channel (USD Million), 2016-2020
7.    Latin America Avocado Oil Market Forecast: Breakup by Distribution Channel (USD Million), 2021-2026
8.    Latin America Avocado Oil Historical Market: Breakup by Country (USD Million), 2016-2020
9.    Latin America Avocado Oil Market Forecast: Breakup by Country (USD Million), 2021-2026
10.    Latin America Avocado Oil Market Structure

Key Questions Answered in the Report

In 2020, the Latin America avocado oil market attained a value of nearly USD 189 million.

The market is projected to grow at a CAGR of 5.8% between 2021 and 2026.

The market is estimated to witness a healthy growth in the forecast period of 2021-2026 to reach USD 268 million by 2026.

The market is aided by the surging health consciousness owing to the rising prevalence of obesity, diabetes, cardiovascular disease, and chronic diseases.

The market is being driven by the rising awareness of the benefits of avocado, growing demand for healthy food owing to the coronavirus pandemic, and the increasing use of avocado in the pharmaceutical industry.

The major regions in the industry are Mexico, among others, with Mexico accounting for the largest market share.

The major product types of avocado oil in the industry are extra virgin oil, refined oil, and blends, among others.

The various applications of avocado oil are food and beverages, cosmetics, and pharmaceuticals, among others.

The significant distribution channels in the market are business to business, and business to consumers.

The major players in the industry are SESAJAL SA de CV, NOBEL FOODS, S.A. DE C.V, Grupo MaDiVi SA de CV, and Diricom, S.A. de C.V., among others.

Analyst Review

The Latin America avocado oil market attained a value of USD 189 million in 2020, driven by the rising health consciousness. Aided by the growing demand for healthy products owing to the coronavirus pandemic, the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 5.8%. The market is projected to reach USD 268 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 avocado oil industry can be segmented into extra virgin oil, refined oil, and blends, among others. By applications, the market is divided into food and beverages, cosmetics, and pharmaceuticals, among others. On the basis of distribution channels, the industry is bifurcated into business to business, and business to consumers. The major regional markets for Latin America avocado oil are Mexico, among others, with Mexico accounting for the largest market share. The key players in the above market include SESAJAL SA de CV, NOBEL FOODS, S.A. DE C.V, Grupo MaDiVi SA de CV, and Diricom, S.A. de C.V., 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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