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Avocado Oil Market Growth 2024 Latest Research Flourishing Across Regions, Emerging Technologies and Statistics Forecast to 2031 | Sesajal S.A. de C.V., Olivado, Grupo Industrial Batellero S.A. de C.V

05-21-2024 11:23 AM CET | Food & Beverage

Press release from: Coherent Market Insights

Avocado Oil Market

Avocado Oil Market

The global avocado oil market is estimated to be valued at USD 665.9 Mn in 2024 and is expected to reach USD 981.7 Mn by 2031, growing at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031.

Market Overview:

Avocado oil is obtained from crushing ripe avocado fruits and has a rich, buttery texture and taste. It is being used as a cooking oil and in cosmetic products due to its various health benefits such as healthy fats, vitamins, and antioxidants.

Market Dynamics:

The avocado oil market is expected to witness significant growth over the forecast period, attributable to rising health awareness among consumers regarding the health benefits of avocado oil. Avocado oil contains monounsaturated fatty acids, which help reduce bad cholesterol levels. It also contains antioxidants that protect cells from damage. Rising disposable income in developing countries is also encouraging the consumption of premium products like avocado oil. Furthermore, the growing demand for natural and plant-based products in cosmetic and personal care industry will drive the avocado oil market growth. Manufacturers are focusing on identifying new application areas of avocado oil to meet the demand from end-use industries.

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Growing Demand for Healthy Cooking Oils and Increasing Popularity of Mediterranean Diet

The demand for avocado oil is increasing globally due to its various health benefits. Avocado oil is rich in monounsaturated fats that can help reduce cholesterol levels and risk of heart disease. It also contains vitamins A, D, E and K that are essential nutrients for human health. Many health-conscious consumers are preferring avocado oil over other cooking oils to meet their daily dietary requirements. In addition, the popularity of Mediterranean diet around the world has boosted the adoption of avocado oil in cooking. The Mediterranean diet emphasizes on use of plant-based oils like avocado, olive oil which are considered good for heart health. Several scientific studies have linked Mediterranean diet to various health advantages. As people focus more on health and wellness, the demand for avocado oil will continue to grow in coming years.

Rising Avocado Prices Limit Wider Consumption

While the demand for avocado oil is increasing, its widespread adoption is restricted to some extent by rising avocado prices globally. Avocados being an agricultural crop, their production depends on various climatic conditions. Any unfavorable weather patterns can negatively impact avocado yield. In recent years, prolonged droughts in major avocado growing regions like California and Mexico have reduced avocado supply. This has led to steep price rise of avocados in international markets. As avocado oil extraction heavily relies on availability of raw avocados, high avocado prices automatically make avocado oil expensive for common consumers. Unless steady supply of avocados is ensured through development of new economical growing regions or technologies, escalating avocado costs will pose a major challenge for avocado oil market.

Growing Health and Wellness E-commerce Provides New Opportunities

The rapid growth of health and wellness e-commerce platforms around the world presents significant opportunities for avocado oil market players. Today's consumers extensively research and purchase health products online. E-commerce companies focused on nutrition, superfoods, healthy cooking have emerged as major sales channels. They play an important role in creating awareness as well as boosting the accessibility of niche products like avocado oil. Leading avocado oil manufacturers can leverage booming digital commerce to penetrate untapped regional markets and promote their products through targeted online campaigns. Partnerships with major wellness e-commerce businesses will help avocado oil brands expand their reach and sales volumes. This will aid in overcoming supply chain hurdles posed by increasing avocado prices to a large extent.

Rise of Convenient Packaging and Single-Serve Options

A major trend being observed in edible oils category is the rising popularity of convenient and single-serve packaging formats. Busy modern lifestyles have driven the demand for easy to use, on-the-go consumption solutions. To appeal to this new consumer behavior, avocado oil producers are focusing on innovative package designs. They are introducing portable bottles, easy pour caps and single-use sachets or packets for avocado oil. Advancements are also being made in extrusion packaging technology to improve shelf life of packaged avocado oil without use of preservatives. Such user-friendly product forms are much preferred by urban population. If successfully marketed and distributed, convenient avocado oil variants will help expand its customer base beyond health-conscious demographics. The trend signifies immense scope for ongoing packaging innovation and format diversification in avocado oil industry.

Worldwide major and leading players within the market are:

★ Sesajal S.A. de C.V.
★ Olivado
★ Grupo Industrial Batellero S.A. de C.V
★ YASIN
★ Tron Hermanos SA de CV
★ The Village Press
★ Bella Vado
★ Chosen Foods LLC
★ Storino's Quality Products.
★ Aromex Industry
★ AOS Products Pvt. Ltd.
★ Gustav Heess
★ Spectrum Organics Products LLC
★ La Tourangelle Inc.
★ Proteco Gold Pty Ltd.
★ Grove Avocado Oil
★ Cibaria International
★ Plenty Foods
★ Avocado Oil New Zealand Ltd
★ AG Organica

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Segmental Overview

Avocado Oil Market segmentation offers an in-depth analysis of the various segments of the market, including application, type, end use, and region. The segmentation overview section offers crucial information about the market share, sales, and growth rate for each of the segments over the forecast period. Moreover, an examination of the relative multitude of significant sub-portions in the market has been canvassed in the report.Having a knowledge about the various segments and sub-segments helps businesses recognize the importance of factors that drive industry growth.

The titled segments and sub-section of the Avocado Oil market are illuminated below:

Global Avocado Oil Market, By Product Type:

★ By Product Type: Virgin Oil , Extra Virgin Oil , Refined Oil , and Others
★ By Distribution Channel: Hypermarkets/Supermarkets , Specialty Stores , Convenience Stores , and Others

Global Avocado Oil Market, By Applications:

★ By Application: Personal Care Products , Food & Beverages , Medicinal Products , and Others

Regional Analysis for Avocado Oil Market:

📍 North America (United States, Canada, and Mexico)
📍 Europe (Germany, France, UK, Russia, and Italy)
📍 Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
📍 South America (Brazil, Argentina, Colombia, etc.)
📍 The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

Key Highlights of the Report

Offers a comprehensive and holistic analysis of the Avocado Oil Market.
Evaluates the competitive environments, covering partnerships, joint ventures, acquisitions, and organic growth.
Provides forecast information related to every region and sub-region of the Avocado Oil market.
Includes information on the key opportunities and challenges faced by key industry players worldwide.
Covers the Avocado Oil market's current and future market outlook on industry drivers, market restraints, and regional constraints.
The report answers a number of crucial questions, including:

➥ Which companies dominate the global Avocado Oil market?
➥ What current trends will influence the Avocado Oil market over the next few years?
➥ What are the market's opportunities, obstacles, and driving forces?
➥ What predictions for the future can help with strategic decision-making?
➥ What advantages does market research offer businesses?
➥ Which particular Avocado Oil market segments should industry players focus on in order to take advantage of the most recent technical advancements?
➥ What is the anticipated growth rate for the market economy globally?

Request For Customization at: @ https://www.coherentmarketinsights.com/insight/request-customization/1058

Contact Us:

Mr. Shah
Coherent Market Insights Pvt Ltd,
533 Airport Boulevard, Suite 400, Burlingame, CA 94010, United States
Email: sales@coherentmarketinsights.com
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027
Japan: +050-5539-1737
India: +91-848-285-0837

About Us:

Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

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