Avocado Oil Market is projected to grow at a CAGR of 13.5% over the forecast period. Avocado oil is edible monounsaturated fat extracted at low temperature by cold-press method from the avocado fruit. Avocado oil is commonly available in market in different variations like refined, virgin, extra-virgin and crude. Avocado fruit is rich in oleic acid and omega 9 fatty acid content. Apart from its application in cooking, it is also used in other vital applications like cosmetics, owing to high vitamin E and K that aids in skin problems like acne, dry skin, wrinkles, and heel cracks.
Moreover, amplified proportion of chronic diseases and other health hitches have a positive impact on the demand for healthy oils in country like China and India, in Asia Pacific region. Also, high focus on R & D in avocado oil extraction process to improve the oil quality, which is likely to support the market for avocado oil at the global level.
Europe is expected to show a higher growth rate in the Avocado Oil Market over the forecast period 2017-2023. North America is dominating in the avocado oil market followed by Europe. North America has the leading consumption of avocado oil, owing to health benefits associated with the consumption of avocado oil. In North America, the U.S. is dominating in the avocado oil market owing to high production of avocado fruit. Furthermore, Germany is occupying the largest share in the avocado oil market in Europe.
This report includes a study of strategies such as mergers, acquisitions, and product launches by the major avocado oil players. It further includes product portfolios, developments of leading players, which includes
Some of the key players profiled in the Global Avocado Oil Market: ACADO (Singapore), Bella Vado (U.S.), Chosen Foods LLC (U.S.), Sesajal S.A. de C.V. (Mexico), AMD Oil Sales LLC (U.S.), Olivado Ltd (New Zealand), Avoolio (Mexico)
Market Segments:
Avocado oil is segmented on the basis of type which includes, crude avocado oil, virgin avocado oil and extra virgin avocado oil. In this segment, extra virgin avocado oil is dominating the market. Extra virgin avocado oil is of the finest quality which is extracted from the superior quality avocado fruits. Extra-virgin avocado oil is extracted by cold-press method at low temperatures and it does not contain any chemical additives. Furthermore, high consumption of extra virgin oil owing to its health attributes is driving the growth in this segment.
On the basis of application, the avocado oil market is segmented in cooking/culinary, personal care products, medicinal products and others. Among all the applications, cooking/culinary is dominating the market due to its high smoke point which make it suitable to be used in cooking methods operating at high temperatures, for example, frying. However, the demand for avocado oil in personal care products is anticipated to experience a high demand from consumers owing to skin and hair health benefits.
On the basis of the distribution channel, the market is segmented into store-based and non-store based distribution channel. However, the store-based distribution channel is dominating the market based on one-stop shopping experience.
Avocado Oil Market is segmented into Europe, North America, Asia Pacific and rest of the world (RoW). North America is dominating in the avocado oil market followed by Europe. North America has the leading consumption of avocado oil, owing to health aids related with the consumption of avocado oil. In North America, the U.S. is dominating in the avocado oil market owing to high production of avocado fruit. Furthermore, Germany is responsible for the largest share in the avocado oil market in Europe.
Moreover, amplified amount of chronic diseases and other health hitches have a positive impact on the demand for healthy oils in country like China and India, in Asia Pacific region. Also, high focus on R & D in avocado oil extraction process to improve the oil quality, which is likely to support the market for avocado oil at the global level.
