Avocado Oil Market Report 2020: COVID-19 Impact Analysis, Industry Trends, Share, Size, Demand, And Future Scope

The global avocado oil market reached a value of USD 494 Million in 2019. Looking forward, the market is expected to continue its moderate growth during the next five years., according to a new report by IMARC Group.

Avocado oil is obtained from the pulp of the avocado fruit. It is a rich source of proteins, lecithin, potassium, beta carotene, essential minerals, and vitamins A, D, and E. It is used in the manufacturing of soaps and moisturizers on account of its emollient and emulsifying properties. Apart from this, it is employed in the cosmetics industry, owing to its higher skin penetration rate as compared to other types of oil, such as almond, corn and olive.

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Market Trends:

Avocado oil is widely used in the preparation of salad dressing, bakery items and frozen desserts. This, along with the burgeoning food and beverage (F&B) industry, is impelling the global avocado oil market growth. Furthermore, the increasing prevalence of skin-related problems and cardiovascular diseases are catalyzing the demand for avocado oil around the world. Besides this, individuals across the globe are increasing their expenditure on cosmetics and personal care products on account of high-income levels and the rising influence of social media. This is expected to propel the market growth in the coming years.

Note: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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Global Avocado Oil Market Segmentation:

Market Breakup by Product Type

Extra-Virgin Oil
Refined Oil
Blends
Others

Market Breakup by Region

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

Market Breakup by Application

Food and Beverages
Cosmetics
Pharmaceuticals
Others

Market Breakup by Distribution Channel

Business to Business
Business to Consumer

Some of the leading players operating in the market are Sesajal, Yasin, Bella Vado, Chosen Foods, Grupo Industrial Batellero, La Tourangelle, Avoolio, Ahuacatlan Avocado Oil, Mt. Kenya Fresh Avocados, Kevala, Bio Planete, Hain Celestial Group, Da Gama Avocado Oil, Cate de mi Corazón, Tron Hermanos, Proteco Oils, Westfalia & Aconcagua Oil & Extract.

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This release was published on openPR.