Avocado Oil Market to Witness High Demand in Countries in Latin America due to Rise in Consumption

Posted on 2019-03-22 by Mark Hub in Food & Beverage // 0 Comments

Rockville, USA, 2019-Mar-22 — /EPR Network/ — Fact.MR analysis on the global market for avocado oil reveals that the global avocado oil market is expected to witness stellar growth in the coming years. To back it up, the research anticipates that the sale of avocado oil in various applications across the globe is expected to surpass an estimate of US$ 1700 Mn. Moreover, the avocado oil market is projected to expand at a volume CAGR of 6.7% during the period of assessment, 2017-2026, which reflects that volume sales of the product across the global scenario.

Manufacturers involved in the production of avocado oil are focusing on acquisition and strategic alliances to enhance their product lines. For example, Costa Group has acquired Lankester to enter and expand its product line in the avocado market. This research report includes profiles of key players involved in the global avocado oil market. To name a few, the report covers analysis on players such as CHOSEN FOODS LLC., SESAJAL S.A. de C.V., Avocado Global PTE Ltd., Bella Vado, Olivado Ltd., and Avocado Oil De Mexico.

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Growing Urge for Healthy Life Coupled with Increasing Awareness to Fuel Demand of Avocado Oil in the Following Years

Higher consumer inclination towards healthy lifestyle has pushed the consumption of healthy food products and ingredients. Off late, people have become more conscious regarding their diet and food intake.in addition, obesity rate has also increased since 2016. During this period, more than 1.9 billion people, especially adults were overweight. According to WHO, obesity and over weight problems are the main causes of deaths.

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Increasing awareness regarding healthy lifestyle has driven the demand and consumption of avocado oil in Latin America. Latin America region has witnessed a high rate of occurrence of health problems such as heart diseases, chronic disorders and associated cardiovascular problems owing to high consumption of fats and poor lifestyle. This has resulted in an upsurge in the consumption of healthy diet and with growing awareness regarding advantages of avocado oil, its consumption has spurred across the region. In Latin America, consumption of avocado oil is largely observed in Mexico, which is considered as the largest producer and supplier of avocados.

Extra-virgin avocado oil has gained high traction since past years. The sale of extra-virgin avocado oil is the largest as compared to other avocado oil product types. This is mainly because extra-virgin oil has a higher smoke point. It is produced at lower temperatures owing to which it has higher nutritional value, strong flavor and aroma. It has natural taste and is extensively used for spreading, emulsifying, drizzling and dipping in cooking applications.

Sale of avocado oil from specialty stores is expected to touch an estimate of over US$ 550 Mn by 2026 end. Specialty stores segment is the largest with a high valuation and is poised to lead the global market. Also modern trade is expected to gain high traction in the coming years.

By source, hass is a highly preferred choice for the production of avocado oil. The hass segment is expected to grow at a high value CAGR of 8.1% during the period of assessment.

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