Analytica Global
Home About Us Services Industry Research Store Resources Contact us

Avocado Oil Market

Published Date : Jun 2024 | Forecast Year : 2019

UP TO 30 % OFF

Single User License

10% OFF

Team License

15% OFF

Corporate License

30% OFF
Book before: 31st Mar 2024

Avocado Oil Market size, share & trends covers analysis By Product Type (Refined Avocado Oil, Extra Virgin Avocado Oil, Crude Avocado Oil), by application (Edible Oil, Cosmetics & Skin Care Products, Others) Growth, demand, Regional Outlook, and Forecast 2024-2032

Report ID: AG366

Published : Jun 2024

Pages : 153

Category : Food & Beverages

Format : Avocado Oil Market

REPORT ATTRIBUTEDETAILS
MARKET SIZE (2032)USD 904.10 Million
MARKET SIZE (2024)USD 625.67 Million
CAGR (2023-2029)5.3%
HISTORIC YEAR2019
BASE YEAR2023
FORECAST YEAR2032
BY TYPERefined Avocado Oil
Extra Virgin Avocado Oil
Crude Avocado Oil
BY APPLICATIONEdible Oil
Cosmetics
Skin Care Products
Others
GEOGRAPHIC ANALYSISNorth America, Europe, Asia Pacific, Latin America, and Middle East & Africa
KEY PLAYERSSesajal, Yasin, Bella Vado, Chosen Foods, Grupo Industrial Batellero, La Tourangelle, Avoolio, Ahuacatlan Avocado Oil, Mt. Kenya Fresh Avocados, Kevala, Bio Planete, Hain Celestial Group, Da Gama Avocado Oil, Cate de mi Corazón (Madivi), Tron Hermanos, Proteco Oils, Westfalia, Aconcagua Oil & Extract, Olivado, Grove Avocado Oil, AvoPure, Aceites Especiales, AvoPacific, Grupo Oleo.

Introduction:

Explore the Avocado Oil Market and expand to the diverse avocado oil sphere for discovering the many opportunities that this fast-growing industry offers. Recently, the avocado oil, which is extracted from the fleshy cream of the avocado fruit, has become quite popular owing to the many associated health benefits and diverse uses. Thus in this comprehensive analysis, we will deal with the different aspects of the avocado oil market—from its culinary functions to the growing penetration in the beauty and skincare sectors.

Avocado Oil Market

Size, by Product, - (USD Billion)

Refined Avocado Oil

Extra Virgin Avocado Oil

Crude Avocado Oil

Other Products

5.3

The Market will Grow

At the CAGR of:

5.3%

The Forecast Market

Size for in USD:

$904.10 Million

b0d51e3055fd6f23ff6a384a6e091406.svg
 

The Global Avocado Oil Market Size was worth USD 625.67 million in 2024 and is projected to grow to USD 904.10 million by 2032, recording a CAGR of 5.3% during the forecast time frame, 2024-2032.

Tracking emerging market trends, market forces, and consumer behavior are the means of data collection for the dynamic market which provides the entrepreneurial and buyer current and coming prospects in the attractive and exciting market success stories. Although the consumers are getting health conscious and more environmentally friendly, the avocados are replacing traditional oils and skincare products because they are the natural and ultrasustainable alternatives respectively. From chefs boiling their creative juices to the beauty gurus, chasing glowing skin, from entrepreneurs riding on the tail of the avocado oil craze, there is really something for everyone in this ever-changing industry. Many people around the world are using avocado oil for cooking, others are using it for skin care whereas numerous entrepreneurs choose the avocado oil business as their main activity specific sectors.

Market Overview:

This is a naturally extracted oil from the pulp of avocado. Nearly 70% of avocado oil is a monounsaturated omega-9 fatty acid called oleic acid, which is one the reasons it's so good for your heart. Avos are not only delicious but they come with this richness of texture and contain a whole load more stigma around being high in fibre and potassium. This means plenty of people who are health supplements for those concerned with their health and combating obesity, heart disorders will provide to aid by making use avocado oil. The most common uses of avocado oil are base ingredient in the pharmaceutical, cosmetic products and food industry, etc. Avocado oil by its properties to moisturize, soften and enrich the skin is contributing to preserve glowing nature of skin, reducing impurities, dryness, wrinkles as well as in acne conditions. An agreement with the market deal of avocado oil is growing intensely. Growth in the market has been considerably driven by increasing awareness about nutritional and health benefits associated with consumption of avocado oil. Moreover, the market for healthy oils such as Avocado oil is projected to witness an upward trend with high or rising consumption of fat-rich dietary and various lifestyle disorders attributed toward distinct type that encompasses diabetes, obesity, cardiovascular diseases. Besides, the rising requirements for avocado oil in healthcare also support market augmentation.

Market Trends:

  • Growing consumer awareness about health benefits
  • Greater demand for natural and organic products
  • Growing uses in gastronomy and beauty applications
  • Specialty and artisan brands in higher demand
  • Product formats and packaging innovations
  • Sustainability and ethical sourcing
  • Digital marketing and e-commerce

Key Players:

  • Sesajal - Mexico
  • Yasin - Turkey
  • Bella Vado. USA
  • Chosen Foods – USA
  • Grupo Industrial Batellero — Mexico
  • La Tourangelle – France/USA
  • Avoolio – Estados Unidos
  • Ahuacatlan Avocado Oil – Mexico
  • Mt. Kenya Fresh Avocados — KEN
  • Kevala – USA
  • Bio Planete – Germany
  • Hain Celestial Group – United States
  • Da Gama Avocado Oil — South Africa
  • Cate de mi Corazón (Madivi) - Spain
  • Tron Hermanos – Mexico
  • Proteco Oils – Argentina
  • Westfalia – South Africa
  • Aconcagua Oil and Extract — South Africa
  • Olivado – New Zealand
  • Grove Avocado Oil (those from the United States / Australia)
  • AvoPure - Australia
  • Especial Oils – Spain
  • AvoPacific: fruit company based in the United States; also exporting to Asia.
  • Grupo Oleo - Mexico

Recent Development:

  • Global Avocado Oil Market 2017-2021, based on a comprehensive market analysis, the report incorporates the inputs from professional speaking on the market. Key vendors operating in this market are also covered in the report, outlining the landscape and growth prospects over a given period of time.
  • Pressed Purity This is the core retail brand of Proteco Oils, manufacturing all oils from fruits, nuts, and seeds. All Australian, totally natural, cold-pressed, chemical and preservative-free, Pressed Purity oils are manufactured locally in Kingaroy, west of Brisbane on the sites of the old butter factory and iceworks factory.
  • June 2024 Bella Vado has signed an agreement with a major retailer in Europe to expand the presence of its products in the European region. The agreement bodes well for Bella Vado's future market share in the avocado oil segment.
  • July 2024 Yasin has introduced a new range of certified organic avocado oil to several international organic standards. This is part of Yasin's strategy to serve the health-conscious market that seeks natural and sustainable products.
  • August 2024: Increased global demand for avocado oil has led Sesajal to announce major capacity expansions in its production. The move includes investments in new processing technology to deliver greater efficiency of extraction and betterment of the quality of products.

    Avocado Oil Market

    Share, by end user, (USD Billion)

    Analytica Global 625.67 Million %

    Edible Oil

    Cosmetics

    Skin Care Products

    Others

    Other End-Users

    b0d51e3055fd6f23ff6a384a6e091406.svg

    904.10 Million

    Total Market Size

    USD (Billion),

    5.3%

    CAGR

    -

Market Drivers:

• Health Consciousness

• Increasing Demand for Natural and Organic Products

• Shifting Dietary Choices

• Expanding Use in the Food Industry

• Cosmetic and Personal Care Demand

• Stable Supply Chain

• Consumer Perception and Marketing

• International Trade and Export Opportunities

• Processing and Packaging Innovations

• Disposable Income

Market Restraint Factors:

Seasonality: Availabilities might go through a change along with prices, which vary season to season in the production of avocados. This simply means that avocado yields are affected by many different factors such as weather, disease, and pests, which in turn affect the delivery of raw materials used in producing the avocado oil. Dependence on Avocado Supply: The avocado oil industry is powered by the supply and quality of avocado. Any disturbance to avocado supplies, be it floods, droughts, or diseases on avocado plants, therefore reduces the quantity produced for avocado oil and, in effect, market growth.

Production costs: The laborious harvesting process of avocados, the special machinery needed, and the rather low oil content make avocado oil often more expensive than other vegetable oils. If the production is too expensive, it may affect market growth negatively and decrease the profit margins of producers.

Geographic availability limited: avocados are essentially cultivated in places with suitable climates, therefore hugely produced in Mexico, California, Peru, and Chile. The bounded geographic reach of avocado cultivation may hurt the foundation of avocado oil production facilities in other places, and thus makes it more laborious for the market to expand to other regions.

Competition from Other Oils: The major competing vegetable oils for avocado oil include almond, coconut, and olive oils. Demand for the avocado oil market may decline when the consumer chooses alternative oils over avocado oil due to taste, price, perceived health benefits, or culinary variety.

Perishability: High in unsaturated fats, avocado oil oxidizes and easily becomes rancid. If the quality of avocado oil products is to be maintained up to the end of its shelf life, extra care in handling and storage is necessary. Avocado oil of inferior quality has the potential to give producers and distributors logistical problems, especially in hot weather.

Low consumer awareness and education level: Avocado oil may still be unknown to many consumers, notwithstanding the health benefits derivable from its consumption and other uses in cookery. If not well known and understood, its properties and applications can hamper market expansion due to consumer reluctance to try out new products.

Key Market Opportunities:

Broad Culinary Applications: Due to its ability to be used in multiple cooking and prepping techniques, avocado oil is perfect for culinary purposes on a much larger scale. It also has a higher smoke point and more neutral flavour, which makes it ideal for cooking in high heat (frying or roasting), baking as well as using in dressings if you like. This opens the door for manufacturers to create unique avocado oil offerings geared toward various types of cooking needs, such as gourmet sunflower oils or formulated marinades and aromatic infusions.

Health and wellness trend : With rising consumer awareness about health, consumers are now more inclined towards the usage of healthy components and thus have been preferring oil as a healthier alternative to regular cooking oils. Rich contents of monounsaturated oils, omega-3 fatty acids and a superior count of antioxidants within avocado oil shape up for the healthy consumer's choice that completes his diet along with an active lifestyle.

These properties are highly appreciated on the development of moisturizing, nourishing and antioxidant-based natural skin/scalp/hair formulations; hence avocado oil stands out as an admired raw material in beauty portfolio projects. One of the absolute Top Ingredients for natural skin and hair beauty products, avocado oil is known to offer significant nourishing/wetting/antioxidizing properties. Manufacturers are now able to respond an unprecedented need for natural, vegetable cosmetic products with avocado oil-based face.

Product Innovation and Differentiation: A growing demand for avocado oil flags the necessity for product innovations and their differentiation in a growing marketplace. Manufacturers thus have to seek unique formulations, package designs, as well as additional features in the creation of differentiation for their avocado oil products. These may include organic and cold-pressed, flavored, infused oil, and convenient on-the-go packaging.

Expansion in the growing markets: Avocado oil market provides oodles of opportunities to bolster business growth in growing markets wherein avocado consumption is burgeoning. It would not be wrong to say that from Asia, Latin America to Europe— the demand for avocado oil is considerably surging owing to its health advantages and gastronomic versatility. Players can grow their businesses in such markets by focusing on product innovation based on the tastes and cultural angles of the country. 

Avocado Oil Market

Size, by Product, - (USD Billion)

NORTH AMERICA 21

The Market will Grow

At the CAGR of:

5.3%

The Forecast Market

Size for in USD:

$904.10 Million

b0d51e3055fd6f23ff6a384a6e091406.svg

Main market insights:

The worldwide economic life of avocado oil is determined by the production, distribution, and expression of the flesh of the avocado (Persia americana). Lately, the business in it has grown very dynamically since consumers have learned about the usefulness and versatility of this natural product for both the cosmetic and food industries. The global market for avocado oil is driven by the growing health, conscious consumers, who are looking to replace their everyday cooking oils with richer and nutrient-oriented alternatives. This traditional substitute of fat is very rich in monounsaturated fats which has a positive impact on cardiovascular health; it supplies antioxidants and Vitamin E that maintains the skin beautiful, but also helps hydration.

Expansion-wise, the market is present across Latin America in particular Mexico which is one of the major exporters and has right climatic conditions beneficial for avocados to grow. Fully erm, there are clearly equally biased U.S.,Peru and Chile,Kenya…the lots of with country…. Market forces are characterized by the influence of regulation, and consumer demandun doubtly drives extraction technology, including in avocado.

Market Segmentation:

  1. By Type:
    • Refined
    • Unrefined
    • Organic
    • Extra Virgin
  2. Application:
    • Food Industry
    • Cosmetics and Personal Care
    • Pharmaceuticals
    • Household
  3. Distribution Channel:
    • Online Retail
    • Supermarkets/Hypermarkets
    • Specialty Stores
    • Direct Sales
  4. Region:
    • North America
    • Europe
    • Asia-Pacific
    • Latin America
    • Middle East & Africa

Avocado Oil Market TO (USD BN)

Avocado Oil Market

CAGR OF

5.3%

Avocado Oil Market

b0d51e3055fd6f23ff6a384a6e091406.svg
Analytica Global 904.10 Million %

Stakeholders in the Avocado Oil Market can include: 

  • Avocado Growers and Producers
  • Avocado Oil Manufacturers
  • Retailers and Distributors
  • Consumers
  • Regulatory Authorities
  • Industry Associations and Trade Organizations
  • Research Institutions and Academia
  • Environmental and Social Organizations

Frequently Asked questions For Avocado oil market:

1. Avocado Oil Is so Popular, but What Exactly Does it Do?

Ans: Avocado oil is a natural run derived from avocados. Good for our bodies as it has most of the vitamins, esp. E and K, full on antioxidants lectin etc. top Anchor neighbor which means very rich in monounsaturated fats! It has acquired a lot of fame from its health entitling features like it lets you have all cleaned heart, makes your skin shiny and is related to several versatile uses in cooking.

2. So how are avocado oils used?

Ans: There are several uses of avocado oil which incorporates –

Culinary Uses: High smoke point making it a great cooking and baking oil with mild flavor (great in salad dressings).

• Cosmetics and Skin Care: Commonly found in skin moisturizers, anti-ageing creams and hair products.

• Pharmaceutical: Health supplements, ointment ingredients

3. What are the most important factors likely to drive growth of avocado oil market?

Ans: Primary growth drivers are :

  • Good for health: Avocado oil has several Health Benefits.
  • Increasing Health Awareness: Consumer demand and preference for healthy oils.
  • Increase in the Demand from Cosmetic Industry: Expanding applications of avocado oil such as skin creams, solution in cosmetics items.
  • Innovative uses Innovative in other product lines and applications

4. Which are the key enterprises in Avocado Oil market?

Ans: Avocado Global Pte Ltd Bio Planete Cate de mi Corazon CHOSEN FOODSIMS ORGANICS Ltd. OKIANA OIL Olein Refinery Guadalajara Presonships NavaticaПКФ "Chisteika ALTAN Yuri GMPBeautyoilsimpanElla Bacheller yumajuudama

• Chosen Foods

• Avocado Oil Company

• California Olive Ranch

• Nutiva

• La Tourangelle

Avocado Oil Market - Global Outlook & Forecast -

Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global

License Type

Single User

US$ 3350

Multi User

US$ 4950

Corporate User

US$ 6950

Get Sample to Email

SPEAK WITH OUR ANALYST

Want to know more about the report or any specific requirement?

WANT TO CUSTOMIZE THE REPORT?

Our Clients Speak

We asked them to research ‘ Equipment market’ all over the world, and their whole arrangement was helpful to us. Analytica.global insightful analysis and reports contributed to our current analysis and in creating a future strategy. Besides, the te

Yosuke Mitsui

Senior Associate Construction Equipment Sales & Marketing

We asked them to research ‘Equipment market’ all over the world, and their whole arrangement was helpful to us. Analytica.global insightful analysis and reports contributed to our current analysis and in creating a future strategy. Besides, the te

Yosuke Mitsui

Senior Associate Construction Equipment Sales & Marketing

Why choose us

Proactive

We manage our resources 24/7 to identify issues and address them before they become problems

Quality & Reliability

We are committed to providing reliable and highly accurate data with an excellent quality control system

Global Outreach

6 Major regions and 40+ countries level analysis accomplished

Competitive Pricing

Our pricing strategy is highly competitive in the market, without compensating on the quality and the timeline of project delivery