Press release
Extra Virgin Avocado Oil Market To 2026 – Opportunity Analysis And Industry Forecast with Key Players Bella Vado, Inc., Aceitera Mevi México SA de CV, Aconcagua Oil & Extract SA, CalPure Foods
Extra Virgin Avocado Oil Market
Covid-19 Scenario
• Manufacturing activities have been halted due to lockdown enforced by governments to curb the spread of coronavirus. Moreover, the raw material shortage has occurred. Application industries cosmetics and food & beverages also halted production activities. This resulted in decreased demand.
• Supermarket stores were closed fully or opened for a specific period. This resulted in decreased sales of extra virgin avocado oil. Moreover, online stores stopped delivery services.
• The demand would grow as stores open for the full time, online channels begin delivery services, and application industries begin their daily operation during the post-lockdown period. The supply and demand gap would close gradually.
In-depth analysis of the COVID-19 impact on the Extra virgin avocado oil Market@ https://www.alliedmarketresearch.com/request-for-customization/6301?reqfor=covid
High smoke point of extra virgin avocado oil, health benefits associated with it, and increasing adoption of extra virgin avocado oil in cosmetic industry drive the growth of the global extra virgin avocado oil market. On the other hand, high cost of extra virgin avocado oil and availability of alternate products restrain the market to certain extent. Nevertheless, growing adoption of avocado oil in developing countries is anticipated to create opportunities for the market players in the future.
The global market is segmented on the basis of application, distribution channel, and region.
Based on application, the market is bifurcated into food & beverage and cosmetic. The food and beverage segment contributed for the largest share in 2019, accounting for around three-fifths of the global market. On the other hand, the cosmetic segment is expected to manifest the highest CAGR of 4.6% during the forecast period.
Based on distribution channel, the report covered segments including supermarkets/hypermarkets, beauty stores, and online store. The online store segment is expected to manifest the highest CAGR of 5.10% during the forecast period. On the other hand, the supermarkets/hypermarketssegment held the largest share in 2019, contributing to nearly three-fourths of the global extra virgin avocado oil market.
Based on region, the market across North America contributed to the highest share in 2019, accounting for more than half of the market. Nevertheless, the global extra virgin avocado oil market across LAMEA is projected to portray the highest CAGR of 4.9% during the forecast period. Moreover, the report also involves regions including Asia-Pacific and Europe.
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Major market players in the report include Avocado Oil New Zealand Ltd (Grove Avocado Oil), Bella Vado, Inc., Aceitera Mevi México SA de CV, Aconcagua Oil & Extract SA, CalPure Foods, Inc., Crofts Ltd., Mt. Kenya Fresh Avocados, Nobel Foods, Olivado Ltd., and Westfalia Fruit (Pty) Ltd.
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