The Latest Report by IMARC Group’s titled “Avocado Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028″, The global avocado oil market size reached US$ 550.7 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 776.7 Million by 2028, exhibiting a growth rate (CAGR) of 5.5% during 2023-2028.
Avocado oil represents a natural oil extracted from the pulp of avocado fruit. It is available in several categories, including extra virgin oil, refined oil, blends, etc. Avocado oil variants are a good source of heart-healthy oleic acid, fiber, potassium, monounsaturated fatty acid, omega-9, etc. They help to reduce cholesterol and improve heart health. Avocado oil products even aid in preventing skin issues, such as acne, blemishes, and dryness, owing to their moisturizing, emollient, antioxidant, and toning effects. As a result, they find extensive applications across numerous sectors, including food and beverage (FB), pharmaceuticals, cosmetics, etc.
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Avocado Oil Market Trends:
The expanding awareness about the nutritional benefits of avocado is among the key factors driving the avocado oil market. Apart from this, the rising prevalence of various lifestyle disorders, such as obesity, diabetes, cardiovascular issues, etc., resulting from the consumption of high-fat butter and oil is acting as another significant growth-inducing factor. In line with this, the shifting consumer preferences toward incorporating organic food products in daily diets are also positively influencing the market growth. In addition to this, the increasing employment of avocado fruit oil in processed food and the elevating demand from the cosmetic industry, on account of its high vitamin E content, are further catalyzing the market growth. Moreover, the inflating investment by manufacturers in research and development (RD) activities to produce new products with enhanced functionality and innovative packaging and the growing adoption of supercritical fluid extraction, specialized fluid, and ultrasound-assisted fluid extraction production technologies that are energy-efficient and ensure improved yield are anticipated to bolster the avocado oil market over the forecasted period.
Avocado Oil Market 2023-2028 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the avocado oil market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Olivado Group
- Sesajal
- Grupo Industrial Batellero
- The Village Press
- Spectrum organics
- Bella Vado
- Chosen Foods LLC
Key Market Segmentation:
The report has segmented the global avocado oil market on the basis of product type, application, distribution channel and region.
Breakup by Product Type:
- Extra Virgin Oil
- Refined Oil
- Blends
- Others
Breakup by Application:
- Food and Beverages
- Cosmetics
- Pharmaceuticals
- Others
Breakup by Distribution Channel:
- Business to Business
- Business to Consumer
- Supermarkets/Hypermarkets
- Convenience Stores
- Online Stores
- Others
Breakup by Region:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America.
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This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.
Important Attribute and highlights of the Report: •
- Detailed analysis of the global market share
- Market Segmentation by component, deployment, enterprises and region.
- Historical, current, and projected size of the market in terms of volume and value
- Latest industry trends and developments
- Competitive Landscape for Market
- Strategies of major players and product offerings
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.
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