PUBLISHER: Renub Research | PRODUCT CODE: 1463198
PUBLISHER: Renub Research | PRODUCT CODE: 1463198
Global Avocado Oil Market Report by Type, Animal Type, Distribution Channel, Region and Company Analysis 2024-2032
Global Avocado Oil Market, valued at US$ 600 Million in 2023, is projected to grow at a CAGR of 5.84% between 2024 and 2032, reaching an estimated worth of US$ 1000 Million by 2032 according to Renub Research.
The fruit of avocado is abundant in monounsaturated fats and offers high nutritional content. Avocado oil is produced from the fruit and is a healthier alternative to conventional cooking oils. It contains phytochemicals linked to preventing several diseases, such as cancer, age-related macular degeneration, and cardiovascular diseases. The oil also contains vitamins, minerals, and antioxidants that promote well-being.
The market for avocado oil is a global economic system involved in the production, distribution, and consumption of a highly sought-after vegetable oil derived from the fruit pulp of the avocado. The industry of avocado oil has expanded over the years due to increasing awareness of its health benefits. It has numerous applications in both the cosmetics and culinary sectors. The avocado oil market is propelled by the rising number of health-conscious consumers who seek natural, nutrient-rich oils. Avocado oil is an excellent substitute for regular cooking oils, given its high concentration of monounsaturated fats, antioxidants, and vitamin E.
Global Avocado Oil Market Survey
- Most people prefer vegetable oil over olive, canola, or avocado oil. However, according to a survey conducted by the International Food Information Council, only 2% of respondents use avocado oil, possibly because other oils are available on the market.
- Since the COVID-19 pandemic, hourly wages in the US have increased by 15%, and people have become more aware of the health benefits of organic products like avocado oil, leading to increased spending. This is expected to boost the demand for avocado oil.
- According to the Harvard School of Public Health, avocado oil is a nutritious source of 240 calories, 22g fat, 10g fiber, 13g carbohydrates, 3g protein, and 11mg sodium.
- February 2020 states that approximately 9.5 Billion ltrs of water are required daily to produce avocados, as per an article by the World Economic Forum.
- In 2020, a study from researchers at the University of California raised concerns about the quality of avocado oil products sold in the US. They found that up to 82% of samples exhibited signs of being stale or adulterated with other oils.
Asia Pacific Avocado Oil Market
The Asia Pacific region has witnessed a consumer health consciousness surge, leading to a rise in demand for healthier food options. Avocado oil has gained popularity as a cooking oil ingredient due to its richness in monounsaturated fats and antioxidants. The region's large population, growing production, and increasing demand have contributed to its significant share of the avocado oil market, with India importing 636 shipments from 134 suppliers via 88 importers, according to Volza's data.
United States Avocado Oil Market
The increasing adoption of a vegetarian diet, rising health consciousness, and the growing prevalence of lifestyle diseases drive the demand for avocado oil in the United States. The demand for dietary supplements and online shopping applications also positively influences the market. In August 2021, Vital Farms launched pasture-raised butter with avocado oil and sea salt.
Global Avocado Oil Market Company News
Olivado Group, Grupo Industrial Batellero, The Village Press, Chosen Foods LLC, La Tourangelle, Spectrum Organics, Crofts Limited, Kevala, and Bella Vado Avocado Oil are the organizations present in the global avocado oil market. These businesses focus on product innovation, expanding distribution networks, and strategic partnerships to benefit a competitive area in the market.
- Spack BV launched a new line of mayonnaise and dressings in 2023, which are made with 100% avocado oil and do not contain any artificial ingredients.
- In 2023, Gustav HeessOleochemischeErzeugnisse GmbH is expanding its production capacity in Germany to meet the growing demand for avocado oil in Western Europe.
- Henry Lamotte Oils GmbH launched a new avocado oil-based cooking spray in 2023. It's 100% avocado oil, nonstick, and easy to use.
- Hunter & Gather Foods Ltd. launched a new line of avocado oil-based snacks in 2023. They are made with 100% avocado oil and come in different flavors like sea salt, BBQ, sour cream, and onion.
- Olivado Group launched a skincare line in 2023. The products are made with 100% avocado oil, nourishing and protecting the skin.
- Grove Avocado Oil acquired Pressure Foods from Fresh Technologies in March 2022. This acquisition will help Grove optimize its avocado oil production by utilizing previously overlooked parts of the avocado.
- Chosen Foods is launching Pumpkin Spice Avocado Oil Caviar this season. It's made with 100% pure avocado oil and a blend of fall spices for bold, warming flavors in your favorite dishes.
Type - Global Avocado OilMarket breakup in 4 viewpoints:
1. Extra Virgin Oil
2. Virgin Oil
3. Refined Oil
4. Blends
Application - Global Avocado OilMarket breakup in 4 viewpoints:
1. Food and Beverages
2. Cosmetics and Personal Care
3. Pharmaceuticals
4. Others
Distribution Channel - Global Avocado OilMarket breakup in 5 viewpoints:
1. Polyvalent Anti-VenomSupermarkets/Hypermarkets
2. Specialty Stores
3. Convenience Stores
4. Online Stores
5. Others
Country - Global Avocado Oil Market breakup of 25 Countries:
1. North America
- 1.1 United States
- 1.2 Canada
2. Europe
- 2.1 France
- 2.2 Germany
- 2.3 Italy
- 2.4 Spain
- 2.5 United Kingdom
- 2.6 Belgium
- 2.7 Netherlands
- 2.8 Turkey
3. Asia Pacific
- 3.1 China
- 3.2 Japan
- 3.3 India
- 3.4 South Korea
- 3.5 Thailand
- 3.6 Malaysia
- 3.7 Indonesia
- 3.8 Australia
- 3.9 New Zealand
4. Latin America
- 4.1 Brazil
- 4.2 Mexico
- 4.3 Argentina
5. Middle East & Africa
- 5.1 Saudi Arabia
- 5.2 UAE
- 5.3 South Africa
All the Key players have been covered from 3 Viewpoints:
- Overview
- Recent Development
- Revenue Analysis
Company Analysis:
1. Olivado Group, Grupo Industrial Batellero
2. The Village Press
3. Chosen Foods LLC
4. La Tourangelle
5. Spectrum Organics
6. Crofts Limited
7. Kevala
8. Bella Vado Avocado Oil
Table of Contents
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
- 4.1 Growth Drivers
- 4.2 Challenges
5. Global Avocado Oil Market
6. Market Share - Global Avocado Oil Market
- 6.1 Type
- 6.2 Application
- 6.3 Distribution Channel
- 6.4 Country
7. Type - Global Avocado Oil Market
- 7.1 Extra Virgin Oil
- 7.2 Virgin Oil
- 7.3 Refined Oil
- 7.4 Blends
8. Application - Global Avocado Oil Market
- 8.1 Food and Beverages
- 8.2 Cosmetics and Personal Care
- 8.3 Pharmaceuticals
- 8.4 Others
9. Distribution Channel - Global Avocado Oil Market
- 9.1 Supermarkets/Hypermarkets
- 9.2 Specialty Stores
- 9.3 Convenience Stores
- 9.4 Online Stores
- 9.5 Others
10. Country - Global Avocado Oil Market
- 10.1 North America
- 10.1.1 United States
- 10.1.2 Canada
- 10.2 Europe
- 10.2.1 France
- 10.2.2 Germany
- 10.2.3 Italy
- 10.2.4 Spain
- 10.2.5 United Kingdom
- 10.2.6 Belgium
- 10.2.7 Netherlands
- 10.2.8 Turkey
- 10.3 Asia Pacific
- 10.3.1 China
- 10.3.2 Japan
- 10.3.3 India
- 10.3.4 South Korea
- 10.3.5 Thailand
- 10.3.6 Malaysia
- 10.3.7 Indonesia
- 10.3.8 Australia
- 10.3.9 New Zealand
- 10.4 Latin America
- 10.4.1 Brazil
- 10.4.2 Mexico
- 10.4.3 Argentina
- 10.5 Middle East & Africa
- 10.5.1 Saudi Arabia
- 10.5.2 UAE
- 10.5.3 South Africa
11. Porter's Five Analysis - Global Avocado Oil Market
- 11.1 Bargaining Power of Buyers
- 11.2 Bargaining Power of Suppliers
- 11.3 Degree of Rivalry
- 11.4 Threat of New Entrants
- 11.5 Threat of Substitutes
12. SWOT Analysis - Global Avocado Oil Market
- 12.1 Strength
- 12.2 Weakness
- 12.3 Opportunity
- 12.4 Threat
13. Company Analysis
- 13.1 Olivado Group
- 13.1.1 Overview
- 13.1.2 Recent Development
- 13.2 Grupo Industrial Batellero
- 13.2.1 Overview
- 13.2.2 Recent Development
- 13.3 The Village Press
- 13.3.1 Overview
- 13.3.2 Recent Development
- 13.4 Chosen Foods LLC
- 13.4.1 Overview
- 13.4.2 Recent Development
- 13.5 La Tourangelle
- 13.5.1 Overview
- 13.5.2 Recent Development
- 13.6 Spectrum Organics
- 13.6.1 Overview
- 13.6.2 Recent Development
- 13.7 Crofts Limited
- 13.7.1 Overview
- 13.7.2 Recent Development
- 13.8 Kevala
- 13.8.1 Overview
- 13.8.2 Recent Development
- 13.9 Bella Vado Avocado Oil
- 13.9.1 Overview
- 13.9.2 Recent Development
List of Figures
- Figure-01: Global - Avocado Oil Market (Billion US$), 2019 - 2023
- Figure-02: Global - Forecast for Avocado Oil Market (Billion US$), 2024 - 2032
- Figure-03: Type - Extra Virgin Oil Market (Million US$), 2019 - 2023
- Figure-04: Type - Forecast for Extra Virgin Oil Market (Million US$), 2024 - 2032
- Figure-05: Type - Virgin Oil Market (Million US$), 2019 - 2023
- Figure-06: Type - Forecast for Virgin Oil Market (Million US$), 2024 - 2032
- Figure-07: Type - Refined Oil Market (Million US$), 2019 - 2023
- Figure-08: Type - Forecast for Refined Oil Market (Million US$), 2024 - 2032
- Figure-09: Type - Blends Market (Million US$), 2019 - 2023
- Figure-10: Type - Forecast for Blends Market (Million US$), 2024 - 2032
- Figure-11: Application - Food and Beverages Market (Million US$), 2019 - 2023
- Figure-12: Application - Forecast for Food and Beverages Market (Million US$), 2024 - 2032
- Figure-13: Application - Cosmetics and Personal Care Market (Million US$), 2019 - 2023
- Figure-14: Application - Forecast for Cosmetics and Personal Care Market (Million US$), 2024 - 2032
- Figure-15: Application - Pharmaceuticals Market (Million US$), 2019 - 2023
- Figure-16: Application - Forecast for Pharmaceuticals Market (Million US$), 2024 - 2032
- Figure-17: Application - Others Market (Million US$), 2019 - 2023
- Figure-18: Application - Forecast for Others Market (Million US$), 2024 - 2032
- Figure-19: Distribution Channel - Supermarkets/Hypermarkets Market (Million US$), 2019 - 2023
- Figure-20: Distribution Channel - Forecast for Supermarkets/Hypermarkets Market (Million US$), 2024 - 2032
- Figure-21: Distribution Channel - Specialty Stores Market (Million US$), 2019 - 2023
- Figure-22: Distribution Channel - Forecast for Specialty Stores Market (Million US$), 2024 - 2032
- Figure-23: Distribution Channel - Convenience Stores Market (Million US$), 2019 - 2023
- Figure-24: Distribution Channel - Forecast for Convenience Stores Market (Million US$), 2024 - 2032
- Figure-25: Distribution Channel - Online Stores Market (Million US$), 2019 - 2023
- Figure-26: Distribution Channel - Forecast for Online Stores Market (Million US$), 2024 - 2032
- Figure-27: Distribution Channel - Others Market (Million US$), 2019 - 2023
- Figure-28: Distribution Channel - Forecast for Others Market (Million US$), 2024 - 2032
- Figure-29: United States - Avocado Oil Market (Million US$), 2019 - 2023
- Figure-30: United States - Forecast for Avocado Oil Market (Million US$), 2024 - 2032
- Figure-31: Canada - Avocado Oil Market (Million US$), 2019 - 2023
- Figure-32: Canada - Forecast for Avocado Oil Market (Million US$), 2024 - 2032
- Figure-33: France - Avocado Oil Market (Million US$), 2019 - 2023
- Figure-34: France - Forecast for Avocado Oil Market (Million US$), 2024 - 2032
- Figure-35: Germany - Avocado Oil Market (Million US$), 2019 - 2023
- Figure-36: Germany - Forecast for Avocado Oil Market (Million US$), 2024 - 2032
- Figure-37: Italy - Avocado Oil Market (Million US$), 2019 - 2023
- Figure-38: Italy - Forecast for Avocado Oil Market (Million US$), 2024 - 2032
- Figure-39: Spain - Avocado Oil Market (Million US$), 2019 - 2023
- Figure-40: Spain - Forecast for Avocado Oil Market (Million US$), 2024 - 2032
- Figure-41: United Kingdom - Avocado Oil Market (Million US$), 2019 - 2023
- Figure-42: United Kingdom - Forecast for Avocado Oil Market (Million US$), 2024 - 2032
- Figure-43: Belgium - Avocado Oil Market (Million US$), 2019 - 2023
- Figure-44: Belgium - Forecast for Avocado Oil Market (Million US$), 2024 - 2032
- Figure-45: Netherlands - Avocado Oil Market (Million US$), 2019 - 2023
- Figure-46: Netherlands - Forecast for Avocado Oil Market (Million US$), 2024 - 2032
- Figure-47: Turkey - Avocado Oil Market (Million US$), 2019 - 2023
- Figure-48: Turkey - Forecast for Avocado Oil Market (Million US$), 2024 - 2032
- Figure-49: China - Avocado Oil Market (Million US$), 2019 - 2023
- Figure-50: China - Forecast for Avocado Oil Market (Million US$), 2024 - 2032
- Figure-51: Japan - Avocado Oil Market (Million US$), 2019 - 2023
- Figure-52: Japan - Forecast for Avocado Oil Market (Million US$), 2024 - 2032
- Figure-53: India - Avocado Oil Market (Million US$), 2019 - 2023
- Figure-54: India - Forecast for Avocado Oil Market (Million US$), 2024 - 2032
- Figure-55: South Korea - Avocado Oil Market (Million US$), 2019 - 2023
- Figure-56: South Korea - Forecast for Avocado Oil Market (Million US$), 2024 - 2032
- Figure-57: Thailand - Avocado Oil Market (Million US$), 2019 - 2023
- Figure-58: Thailand - Forecast for Avocado Oil Market (Million US$), 2024 - 2032
- Figure-59: Malaysia - Avocado Oil Market (Million US$), 2019 - 2023
- Figure-60: Malaysia - Forecast for Avocado Oil Market (Million US$), 2024 - 2032
- Figure-61: Indonesia - Avocado Oil Market (Million US$), 2019 - 2023
- Figure-62: Indonesia - Forecast for Avocado Oil Market (Million US$), 2024 - 2032
- Figure-63: Australia - Avocado Oil Market (Million US$), 2019 - 2023
- Figure-64: Australia - Forecast for Avocado Oil Market (Million US$), 2024 - 2032
- Figure-65: New Zealand - Avocado Oil Market (Million US$), 2019 - 2023
- Figure-66: New Zealand - Forecast for Avocado Oil Market (Million US$), 2024 - 2032
- Figure-67: Brazil - Avocado Oil Market (Million US$), 2019 - 2023
- Figure-68: Brazil - Forecast for Avocado Oil Market (Million US$), 2024 - 2032
- Figure-69: Mexico - Avocado Oil Market (Million US$), 2019 - 2023
- Figure-70: Mexico - Forecast for Avocado Oil Market (Million US$), 2024 - 2032
- Figure-71: Argentina - Avocado Oil Market (Million US$), 2019 - 2023
- Figure-72: Argentina - Forecast for Avocado Oil Market (Million US$), 2024 - 2032
- Figure-73: Saudi Arabia - Avocado Oil Market (Million US$), 2019 - 2023
- Figure-74: Saudi Arabia - Forecast for Avocado Oil Market (Million US$), 2024 - 2032
- Figure-75: UAE - Avocado Oil Market (Million US$), 2019 - 2023
- Figure-76: UAE - Forecast for Avocado Oil Market (Million US$), 2024 - 2032
- Figure-77: South Africa - Avocado Oil Market (Million US$), 2019 - 2023
- Figure-78: South Africa - Forecast for Avocado Oil Market (Million US$), 2024 - 2032
List of Tables
- Table-01: Global - Avocado Oil Market Share by Type (Percent), 2019 - 2023
- Table-02: Global - Forecast for Avocado Oil Market Share by Type (Percent), 2024 - 2032
- Table-03: Global - Avocado Oil Market Share by Application (Percent), 2019 - 2023
- Table-04: Global - Forecast for Avocado Oil Market Share by Application (Percent), 2024 - 2032
- Table-05: Global - Avocado Oil Market Share by Distribution Channel (Percent), 2019 - 2023
- Table-06: Global - Forecast for Avocado Oil Market Share by Distribution Channel (Percent), 2024 - 2032
- Table-07: Global - Avocado Oil Market Share by Countries (Percent), 2019 - 2023
- Table-08: Global - Forecast for Avocado Oil Market Share by Countries (Percent), 2024 - 2032
