Avocado Oil Market 2022-2028

Title:Global Avocado Oil Market Size, Share & Trends Analysis Report by Type (Extra Virgin Oil, Virgin Oil, Pure/Refined Oil, and Blend), and by Application (Food and Beverages, Pharmaceuticals and Medicinal Formulations, Personal Care and Cosmetics, and Others), Forecast Period (2022-2028).

The global avocado oil market is anticipated to grow at a substantial CAGR of 6.1 % during the forecast period. The increasing use of avocados in cosmetics and personal care products due to different benefits such as skin hydration and moisturization, shielding from UV rays, and others are increasing the demand for avocado oil. The various nutrients of avocado oil such as lecithin, fatty acids, carotene, protein, and vitamins D, E, and A moisturize and protect skin from damaging UV rays and also increase collagen metabolism. As a result of which, pharmaceutical companies have increased their focus on developing and launching avocado oil-based derma cosmetic products to gain traction. For instance, in 2021, Pristle Products Pvt. Ltd. Launched Avocado Based Face Oil which is a mixture of concentrated oils that penetrated deep into the skin to boost collagen and improve elasticity.

The global avocado oil market is segmented based on type and application. Based on the type, the market is segmented into extra virgin oil, virgin oil, pure/refined oil, and blend. Based on application, the market is sub-segmented into food and beverages, pharmaceuticals and medicinal formulations, personal care and cosmetics, and others. Among the type, the pure/ refined segment oil is anticipated to hold a prominent share of the market globally, owing to the rise in utilization of pure/ refined oil by the cosmetic and personal care industry, as it is rich in vitamin E and available at an affordable cost. For instance, in August 2019, Allure launched a broad range of new skincare products within the segments of cleansers, moisturizers, and neck creams, among others. The products include a low Recipe avocado melt retinol sleeping mask, physicians' formula's double oil cleanser, La Mer's neck, and decollete concentrate.

The global avocado oil market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). Among these, North America is anticipated to hold a considerable share in the market, owing to its growing popularity due to various technological and nutritional attributes such as high oleic fatty acid and vitamin E contents. To cater to the rising demand several market players are inclined towards introducing new initiatives and products with additional nutritional benefits. For instance, in July 2019, Giumarra Agricom International launched Nature's Partner avocado nutrition initiative along with a redesigned bulk avocado bag. The initiative aims to cater to increased consumption of the product.

The major companies serving the global avocado oil market include La Tourangelle, Inc., Hain Celestial Group, Inc., Tanlay AG Trading, Avocado Oil New Zealand Ltd., Cibaria International Inc., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in September 2021 Butterfly Equity invested in Chosen Foods LLC which deals in avocado oil and products including mayonnaise, dressings, simmer sauces, guacamole, and salsa. This partnership assists the company to grow globally and expand its presence. In addition, the investment also provides nutritious products which impact the health of the consumer by providing avocado products.

Research Methodology

The market study of the global avocado oil market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to break down the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include:

• Financial reports of companies involved in the market.

• Whitepapers, research papers, and news blogs.

• Company websites and their product catalog.

The report provides an in-depth analysis of the market size, and intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

• Global Avocado Oil Market Research and Analysis by Type.
• Global Avocado Oil Market Research and Analysis by Application.

The Report Covers:

• Comprehensive research methodology of the global avocado oil market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the global avocado oil market.
• Insights about market determinants that are stimulating the global avocado oil market.
• Detailed and extensive market segments with the regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.