According to the latest report by IMARC Group, titled “Avocado Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global avocado oil market reached a value of US$ 519.5 Million in 2021. Avocado oil is a natural oil that is extracted from avocado’s pulp, which is made up of heart-healthy oleic acid and a monosaturated fatty acid of omega-9. The fruit is high in potassium, fiber, rich in texture, and has an exquisite flavor. Avocado oil offers several benefits as it is a rich source of antioxidants, moisturizers, emollient, and has a toning effect, which helps in keeping the skin glowing by reducing dry skin, blemishes, acne, and wrinkles. Consequently, it finds extensive utilization across the food and beverage (F&B), cosmetics, and pharmaceutical industries.
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The global avocado oil market is primarily driven by the rising prevalence of lifestyle disorders, such as obesity, diabetes, and cardiovascular diseases. The shifting consumer preference toward healthy oils, such as avocado oil, from high-fat oil and butter, is another factor providing an impetus to the market growth. Moreover, the growing demand for avocado oil across the healthcare industry and the rising awareness regarding the benefits of avocado oil are creating a positive outlook for the market. On account of the aforementioned factors, the global avocado oil market size is expected to reach US$ 770.9 Million by 2027, growing at a CAGR of 6.6% during 2022-2027.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
- Olivado Group
- Grupo Industrial Batellero
- The Village Press
- Spectrum organics
- Bella Vado
- Chosen Foods LLC
Key Market Segmentation:
Breakup by Product Type:
- Extra Virgin Oil
- Refined Oil
Breakup by Application:
- Food and Beverages
Breakup by Distribution Channel:
- Business to Business
- Business to Consumer
- Convenience Stores
- Online Stores
- North America
- Asia Pacific
- Middle East and Africa
- Latin America.
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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