Global Avocado Oil Market Synopsis

The global avocado oil market was worth USD 585.08 million in 2022. It is expected to reach USD 915.08 million by 2030 with a CAGR of 5.75% over the period from 2023 to 2030.

Avocado oil is a type of edible oil extracted from the pulp of avocados, the creamy green fruit known for its rich texture and nutritional benefits. The oil is typically cold-pressed from the flesh of ripe avocados, although some varieties may be refined using heat and chemicals.

  • Avocado oil is highly praised for its health benefits and culinary versatility. It is rich in monounsaturated fats, particularly oleic acid, which is also found in olive oil and is associated with various health benefits, including heart health. Additionally, avocado oil contains antioxidants, vitamins, and minerals such as vitamin E, vitamin K, and potassium.
  • The oil has a mild, buttery flavor and a high smoke point, making it suitable for various cooking applications, including sautéing, frying, and roasting. It is also commonly used in salad dressings, marinades, and as a finishing oil for dishes. Beyond its culinary uses, avocado oil is sometimes utilized in skincare products due to its moisturizing properties.
  • The avocado oil market was experiencing growth, driven by increasing consumer awareness of the health benefits associated with avocado oil. Avocado oil is known for its high monounsaturated fat content, which is considered heart-healthy. Additionally, it contains antioxidants and vitamins, making it a popular choice among health-conscious consumers.

Global Avocado Oil Market Trend Analysis

Increased awareness among consumers about the health benefits

  • The Avocado Oil market has experienced a significant surge due to increased awareness among consumers about the health benefits associated with this versatile oil. Avocado oil is renowned for its nutritional richness, containing monounsaturated fats, antioxidants, and various vitamins that contribute to overall well-being.
  • Consumers are increasingly recognizing the positive impact of avocado oil on heart health, as it helps lower bad cholesterol levels while promoting the presence of good cholesterol. Additionally, the oil's high smoke point makes it a suitable choice for cooking, frying, and sautéing without compromising its nutritional value.
  • The rising interest in healthier lifestyles and dietary choices has fueled the demand for avocado oil as an alternative to traditional cooking oils. Its association with various health benefits, including skin nourishment and improved digestion, further enhances its appeal among health-conscious consumers.
  • Moreover, the avocado oil market has witnessed a boost in popularity as part of the broader trend toward natural and organic products. With consumers seeking clean-label options, the perceived naturalness and purity of avocado oil contribute to its market growth.

Sustainable and Ethical Sourcing Creates an Opportunity for the Global Avocado Oil Market

  • The avocado oil market presents a significant opportunity for sustainable and ethical sourcing, aligning with the growing consumer demand for environmentally conscious and socially responsible products. Avocado oil is renowned for its health benefits and versatile culinary applications, driving a steady increase in global demand.
  • Sustainable sourcing practices involve promoting biodiversity, water conservation, and minimizing the environmental impact of avocado cultivation. Adopting eco-friendly farming techniques, such as organic farming and agroforestry, can enhance the sustainability of avocado oil production. Ethical sourcing goes hand in hand with fair labor practices, ensuring that workers involved in the production process receive fair wages and operate in safe conditions.
  • Brands that prioritize sustainable and ethical sourcing in the avocado oil market can differentiate themselves and attract a growing segment of conscious consumers. Certification programs like Fair Trade and organic certifications can validate these efforts, building trust among consumers.

Global Avocado Oil Market Segment Analysis:

Global Avocado Oil Market is Segmented into Type and Application

By Type, the Virgin Oil Segment Is Expected to Dominate the Market During the Forecast Period.

  • In the Avocado Oil Market, the Virgin Oil segment is poised to exert dominance by type. Characterized by its superior quality and extraction process, Virgin Avocado Oil retains more of the fruit's natural nutrients and flavors compared to refined variants. Consumers are increasingly drawn to its perceived health benefits and culinary versatility, making it a preferred choice in various applications, from cooking to skincare. With growing awareness of its nutritional value and demand for premium products, the Virgin Oil segment is anticipated to maintain its lead, driving the overall growth of the avocado oil market in the foreseeable future.

By Application, Personal Care and Cosmetics Segment Held the Largest Share Of 46.2% In 2022.

  • The Personal Care and Cosmetics segment is poised to lead the Avocado Oil Market due to the growing consumer preference for natural ingredients in skincare and haircare products. Avocado oil, rich in vitamins, antioxidants, and fatty acids, offers various skin and hair benefits, such as moisturization, anti-aging properties, and hair nourishment. Increasing awareness regarding the harmful effects of synthetic chemicals in beauty products is driving demand for natural alternatives like avocado oil. Additionally, its versatility in formulations for creams, lotions, shampoos, and conditioners further amplifies its dominance in the personal care and cosmetics segment of the market.

Global Avocado Oil Market Regional Insights:

Asia Pacific is Expected to Dominate the Market Over the Forecast Period

  • The Asia Pacific region is poised to assert dominance in the avocado oil market due to several factors. Rising health consciousness and a growing preference for natural, nutrient-rich products are driving demand. Additionally, the region's expanding middle class, coupled with increasing disposable incomes, is fueling consumption. Avocado oil's versatility in culinary applications and its perceived health benefits contribute to its popularity in the region. Moreover, robust agricultural production in countries like Australia, New Zealand, and China further strengthens the region's position as a key player in the avocado oil market, poised for significant growth and market leadership.

Global Avocado Oil Market Top Key Players:

  • Spectrum Naturals (United States)
  • Chosen Foods LLC (United States)
  • La Tourangelle (United States)
  • NOW Foods (United States)
  • Avohass (United States)
  • Olivado (New Zealand)
  • Crofts Ltd. (United Kingdom)
  • Bio Planète (France)
  • Olivado (New Zealand)
  • Bella Vado Avocado Oil (United States)
  • Olivado (Kenya)
  • Avocado Oil New Zealand Ltd. (New Zealand)
  • Avocado Oil De Mexico (Mexico)
  • CalPure Foods (United States)
  • Kahangi Estate (Uganda)
  • Ahuacatlan (Mexico)
  • Olivado (Australia)
  • Matutum Oil Mill and Refinery (Philippines)
  • Olivado (Spain)
  • Storino's Quality Products (United States)
  • The Village Press (New Zealand)
  • The Avo Tree (Australia)
  • Grove Avocado Oil (New Zealand)
  • Lypack (Netherlands)
  • Da Gama Avocado Oil (South Africa)

 Key Industry Developments in the Global Avocado Oil Market:

  • In November 2023: Australian food company Select Harvest announced the acquisition of New Zealand avocado oil producer Olivado New Zealand. This acquisition aimed to expand Select Harvest's avocado oil business into the lucrative Asian market.
  • In July 2023: Spanish olive oil giant Borges Grupo Alimentario acquired a majority stake in Chilean avocado oil producer Olivos del Valle. This acquisition aimed to diversify Borges' product offerings and enter the growing avocado oil market.
  • In May 2023: Los Angeles-based avocado oil producer Olivado announced the acquisition of Avohealth, a leading supplier of organic avocado oil in the United States. This move aimed to strengthen Olivado's position in the organic avocado oil market and expand its product portfolio.

Global Avocado Oil Market

Base Year:

2022

Forecast Period:

2023-2030

Historical Data:

2017 to 2022

Market Size in 2022:

USD 585.08Mn.

Forecast Period 2023-30 CAGR:

5.75%

Market Size in 2030:

USD 915.08 Mn.

Segments Covered:

By Type

  • Extra Virgin Oil
  • Virgin Oil
  • Pure/Refined Oil
  • Blend

By Application

  • Food and Beverages
  • Pharmaceuticals and Medicinal Formulations
  • Personal Care and Cosmetics
  • Others

By Region

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Increased awareness among consumers about the health benefits

Key Market Restraints:

  • Environmental issues such as deforestation, water scarcity, and pesticide use

Key Opportunities:

  • Sustainable and Ethical Sourcing

Companies Covered in the report:

  • Spectrum Naturals (United States), Chosen Foods LLC (United States), La Tourangelle (United States), NOW Foods (United States), Avohass (United States), and Other Major Players.
  1. INTRODUCTION
    1. RESEARCH OBJECTIVES
    2. RESEARCH METHODOLOGY
    3. RESEARCH PROCESS
    4. SCOPE AND COVERAGE
      1. Market Definition
      2. Key Questions Answered
    5. MARKET SEGMENTATION
  2. EXECUTIVE SUMMARY
  3. MARKET OVERVIEW
  4. GROWTH OPPORTUNITIES BY SEGMENT
  5. MARKET LANDSCAPE
    1. PORTER’S FIVE FORCES ANALYSIS
      1. Bargaining Power Of Supplier
      2. Threat Of New Entrants
      3. Threat Of Substitutes
      4. Competitive Rivalry
      5. Bargaining Power Among Buyers
    2. INDUSTRY VALUE CHAIN ANALYSIS
    3. MARKET DYNAMICS
      1. Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
    4. MARKET TREND ANALYSIS
    5. REGULATORY LANDSCAPE
    6. PESTLE ANALYSIS
    7. PRICE TREND ANALYSIS
    8. PATENT ANALYSIS
    9. FORM EVALUATION
    10. ANALYSIS OF THE IMPACT OF COVID-19
      1. Impact On The Overall Market
      2. Impact On The Supply Chain
      3. Impact On The Key Manufacturers
      4. Impact On The Pricing
      5. Post COVID Situation
    11. MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
      1. Geopolitical Market Disruptions
      2. Supply Chain Disruptions
      3. Instability in Emerging Markets
    12. ECOSYSTEM
  6. AVOCADO OIL MARKET BY TYPE (2017-2030)
    1. AVOCADO OIL MARKET SNAPSHOT AND GROWTH ENGINE
    2. MARKET OVERVIEW
    3. EXTRA VIRGIN OIL
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2030F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2030F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
    4. VIRGIN OIL
    5. PURE/REFINED OIL
    6. BLEND
  7. AVOCADO OIL MARKET BY APPLICATION (2017-2030)
    1. AVOCADO OIL MARKET SNAPSHOT AND GROWTH ENGINE
    2. MARKET OVERVIEW
    3. FOOD AND BEVERAGES
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2030F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2030F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
    4. PHARMACEUTICALS AND MEDICINAL FORMULATIONS
    5. PERSONAL CARE AND COSMETICS
    6. OTHERS
  8. COMPANY PROFILES AND COMPETITIVE ANALYSIS
    1. COMPETITIVE LANDSCAPE
      1. Competitive Positioning
      2. AVOCADO OIL Market Share By Manufacturer (2022)
      3. Industry BCG Matrix
      4. Heat Map Analysis
      5. Mergers & Acquisitions
    2. SPECTRUM NATURALS (UNITED STATES)
      1. Company Overview
      2. Key Executives
      3. Company Snapshot
      4. Role of the Company in the Market
      5. Sustainability and Social Responsibility
      6. Operating Business Segments
      7. Product Portfolio
      8. Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
      9. Key Strategic Moves And Recent Developments
      10. SWOT Analysis
    3. CHOSEN FOODS LLC (UNITED STATES)
    4. LA TOURANGELLE (UNITED STATES)
    5. NOW FOODS (UNITED STATES)
    6. AVOHASS (UNITED STATES)
    7. OLIVADO (NEW ZEALAND)
    8. CROFTS LTD. (UNITED KINGDOM)
    9. BIO PLANÈTE (FRANCE)
    10. OLIVADO (NEW ZEALAND)
    11. BELLA VADO AVOCADO OIL (UNITED STATES)
    12. OLIVADO (KENYA)
    13. AVOCADO OIL NEW ZEALAND LTD. (NEW ZEALAND)
    14. AVOCADO OIL DE MEXICO (MEXICO)
    15. CALPURE FOODS (UNITED STATES)
    16. KAHANGI ESTATE (UGANDA)
    17. AHUACATLAN (MEXICO)
    18. OLIVADO (AUSTRALIA)
    19. MATUTUM OIL MILL AND REFINERY (PHILIPPINES)
    20. OLIVADO (SPAIN)
    21. STORINO'S QUALITY PRODUCTS (UNITED STATES)
    22. THE VILLAGE PRESS (NEW ZEALAND)
    23. THE AVO TREE (AUSTRALIA)
    24. GROVE AVOCADO OIL (NEW ZEALAND)
    25. LYPACK (NETHERLANDS)
    26. DA GAMA AVOCADO OIL (SOUTH AFRICA)
  9. GLOBAL AVOCADO OIL MARKET BY REGION
    1. OVERVIEW
    2. NORTH AMERICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Impact Of Covid-19
      3. Key Manufacturers
      4. Historic And Forecasted Market Size By Type
      5. Historic And Forecasted Market Size By Application
      6. Historic And Forecasted Market Size By Country
        1. USA
        2. Canada
        3. Mexico
    3. EASTERN EUROPE
      1. Key Market Trends, Growth Factors And Opportunities
      2. Impact Of Covid-19
      3. Key Manufacturers
      4. Historic And Forecasted Market Size By Segments
      5. Historic And Forecasted Market Size By Country
        1. Russia
        2. Bulgaria
        3. The Czech Republic
        4. Hungary
        5. Poland
        6. Romania
        7. Rest Of Eastern Europe
    4. WESTERN EUROPE
      1. Key Market Trends, Growth Factors And Opportunities
      2. Impact Of Covid-19
      3. Key Manufacturers
      4. Historic And Forecasted Market Size By Segments
      5. Historic And Forecasted Market Size By Country
        1. Germany
        2. United Kingdom
        3. France
        4. The Netherlands
        5. Italy
        6. Spain
        7. Rest Of Western Europe
    5. ASIA PACIFIC
      1. Key Market Trends, Growth Factors And Opportunities
      2. Impact Of Covid-19
      3. Key Manufacturers
      4. Historic And Forecasted Market Size By Segments
      5. Historic And Forecasted Market Size By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Malaysia
        6. Thailand
        7. Vietnam
        8. The Philippines
        9. Australia
        10. New-Zealand
        11. Rest Of APAC
    6. MIDDLE EAST & AFRICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Impact Of Covid-19
      3. Key Manufacturers
      4. Historic And Forecasted Market Size By Segments
      5. Historic And Forecasted Market Size By Country
        1. Turkey
        2. Bahrain
        3. Kuwait
        4. Saudi Arabia
        5. Qatar
        6. UAE
        7. Israel
        8. South Africa
    7. SOUTH AMERICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Impact Of Covid-19
      3. Key Manufacturers
      4. Historic And Forecasted Market Size By Segments
      5. Historic And Forecasted Market Size By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
  10. INVESTMENT ANALYSIS
  11. ANALYST VIEWPOINT AND CONCLUSION
    1. Recommendations and Concluding Analysis
    2. Potential Market Strategies

Global Avocado Oil Market

Base Year:

2022

Forecast Period:

2023-2030

Historical Data:

2017 to 2022

Market Size in 2022:

USD 585.08Mn.

Forecast Period 2023-30 CAGR:

5.75%

Market Size in 2030:

USD 915.08 Mn.

Segments Covered:

By Type

  • Extra Virgin Oil
  • Virgin Oil
  • Pure/Refined Oil
  • Blend

By Application

  • Food and Beverages
  • Pharmaceuticals and Medicinal Formulations
  • Personal Care and Cosmetics
  • Others

By Region

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Increased awareness among consumers about the health benefits

Key Market Restraints:

  • Environmental issues such as deforestation, water scarcity, and pesticide use

Key Opportunities:

  • Sustainable and Ethical Sourcing

Companies Covered in the report:

  • Spectrum Naturals (United States), Chosen Foods LLC (United States), La Tourangelle (United States), NOW Foods (United States), Avohass (United States), and Other Major Players.
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Frequently Asked Questions :

What would be the forecast period in the Global Avocado Oil Market research report?

The forecast period in the Global Avocado Oil Market research report is 2023-2030.

Who are the key players in the Global Avocado Oil Market?

Spectrum Naturals (United States), Chosen Foods LLC (United States), La Tourangelle (United States), NOW Foods (United States), Avohass (United States), Olivado (New Zealand), Crofts Ltd. (United Kingdom), Bio Planète (France), Olivado (New Zealand), Bella Vado Avocado Oil (United States), Olivado (Kenya), Avocado Oil New Zealand Ltd. (New Zealand), Avocado Oil De Mexico (Mexico), CalPure Foods (United States), Kahangi Estate (Uganda), Ahuacatlan (Mexico), Olivado (Australia), Matutum Oil Mill and Refinery (Philippines), Olivado (Spain), Storino's Quality Products (United States), The Village Press (New Zealand), The Avo Tree (Australia), Grove Avocado Oil (New Zealand), Lypack (Netherlands), Da Gama Avocado Oil (South Africa) and Other Major Players.

What are the segments of the Global Avocado Oil Market?

The Global Avocado Oil Market is segmented into Type, Application, and region. By Type, the market is categorized into Extra Virgin Oil, Virgin Oil, Pure/Refined Oil, and Blend. By Application, the market is categorized into Beverages, Pharmaceuticals and Medicinal Formulations, Personal Care and Cosmetics, and Others. By region, it is analyzed across North America (U.S.; Canada; Mexico), Eastern Europe (Bulgaria; The Czech Republic; Hungary; Poland; Romania; Rest of Eastern Europe), Western Europe (Germany; UK; France; Netherlands; Italy; Russia; Spain; Rest of Western Europe), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).

What is the Global Avocado Oil Market?

Avocado oil is a type of edible oil extracted from the pulp of avocados, the creamy green fruit known for its rich texture and nutritional benefits. The oil is typically cold-pressed from the flesh of ripe avocados, although some varieties may be refined using heat and chemicals.

How big is the Global Avocado Oil Market?

The global Avocado Oil market was worth USD 585.08 million in 2022. As such, the forecasts that the market is expected to reach USD 915.08 million by 2030 with a CAGR of 5.75% over the period from 2023 to 2030.