Global Avocado Oil Market Research Report with Production, Trends, Price, Revenue, Share, Growth and Forecast Until 2026
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Increasing health awareness among people due to prevalence of chronic diseases and heart related disorders owing to improper diet and lifestyle is expected to be a major driving factor for the consumption of avocado oil. Advances in medical science and innovations in food nutrition have made it possible in producing essential oils that offer health benefits and are used in treating several health problems. Avocado oil is no exception. The growing popularity of this product has up surged its demand across various regions in the globe.
Fact.MR analysis on the global market for avocado oil reveals that the global avocado oil market is expected to witness stellar growth in the coming years. To back it up, the research anticipates that the sale of avocado oil in various applications across the globe is expected to surpass an estimate of US$ 1700 Mn. Moreover, the global avocado oil market is projected to expand at a volume CAGR of 6.7% during the period of assessment, 2017-2026, which reflects that volume sales of the product across the global scenario.
Manufacturers involved in the production of avocado oil are adopting various expansion strategies to increase their foothold in the market and by expanding their product lines. For example, Chosen Foods, a San Diego based company, has been acquired by Mexican company Sesajal S.A. de C.V. which claims to be a huge supplier of avocado oil. With this acquisition, the Mexican company can gain penetrating into foreign markets as products from Chosen Foods are largely sold across the United States and Canada, making it a beneficial target market for avocado oil in the coming years. Key participants in the global avocado oil market include La Tourangelle Inc., The Village Press, Tron Hermanos S.A. De C.V., BIO Planète, Kevala International Llc., Avocado Global Pte Ltd., SESAJAL S.A. de C.V., CHOSEN FOODS LLC, Avocado Oil De Mexico, Bella Vado and Olivado Ltd.
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Growing Urge for Healthy Life Coupled with Increasing Awareness to Fuel Demand of Avocado Oil in the Following Years
Higher consumer inclination towards healthy lifestyle has pushed the consumption of healthy food products and ingredients. Off late, people have become more conscious regarding their diet and food intake.in addition, obesity rate has also increased since 2016. During this period, more than 1.9 billion people, especially adults were overweight. According to WHO, obesity and over weight problems are the main causes of deaths. With this health trend spurring coupled with awareness regarding the consumption of healthy vegetables, fruits, such as avocados that reduce the cholesterol level and triglycerides is expected to aid the demand for avocado oil.
Avocado Oil to Witness High Consumption in Countries in Latin America
Increasing awareness regarding healthy lifestyle has driven the demand and consumption of avocado oil in Latin America. Latin America region has witnessed a high rate of occurrence of health problems such as heart diseases, chronic disorders and associated cardiovascular problems owing to high consumption of fats and poor lifestyle. This has resulted in an upsurge in the consumption of healthy diet and with growing awareness regarding advantages of avocado oil, its consumption has spurred across the region. In Latin America, consumption of avocado oil is largely observed in Mexico, which is considered as the largest producer and supplier of avocados. Moreover, the demand for avocado oil in North America is also expanding at a higher rate since couple of years, reason being associated with health disorders and prevalence of heart diseases. The avocado oil market in North America is projected to expand at a high rate in the coming years, followed by Asia Pacific excluding Japan.
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