Avocado Oil Market: Sale from Specialty Stores is Expected to Touch Estimate of Over US$ 550 Mn by 2026

Posted on 2019-07-12 by Mark Hub in Food & Beverage // 0 Comments

Rockville, USA, 2019-Jul-12 — /EPR Network/ — Fact.MR in its new research publication has stated that the global market for avocado oil is projected to expand at a stellar rate in the coming years. According to this research, the global avocado oil market is expected to rise at a value CAGR of 7.6% during the period of forecast, 2017-2026. In addition, the volume of avocado oil being sold is estimated to cross 255,000 metric tons by the end of the year of assessment (2026). This growth is largely driven by its nutrient rich composition, increased awareness regarding the benefits of the product among consumers and health experts alike and higher demand for avocado oil in cosmetics and personal care products.

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

Increasing health awareness among people due to prevalence of chronic diseases and heart related disorders owing to improper diet and lifestyle is expected to be a major driving factor for the consumption of avocado oil. Advances in medical science and innovations in food nutrition have made it possible in producing essential oils that offer health benefits and are used in treating several health problems. Avocado oil is no exception. The growing popularity of this product has up surged its demand across various regions in the globe.

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Key Highlights on the Global Avocado Oil Market

Region wise, Latin America is expected to showcase higher consumption of avocado oil in the coming years. Growth of the avocado oil market in this region is largely driven by avocado oil sales and exports from Mexico, which is the largest producer of avocado oil. Moreover, North America has shown high growth potential for avocado oil market owing to higher demand for the product due to health benefits it offers. North America avocado oil market is projected to expand at a high value CAGR of 8.7% during the forecast period
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
By application, the retail segment is expected to lead the global avocado oil market. The sale of avocado oil for medicinal and cosmetic and personal care applications is also expected to trigger the growth of the global market during the forecast period

Avocado Oil to Witness High Consumption in Countries in Latin America

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.

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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