Global Avocado Oil Market Report by Type (Extra Virgin Oil, Virgin Oil, Refined Oil, and Blends), Animal Type (Food and Beverages, Cosmetics and Personal Care, Pharmaceuticals, and Others), Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, Convenience Stores, Online Stores, and Others), Region and Company Analysis 2024-2032

Global Avocado Oil Market Analysis

Global Avocado Oil Market size, valued at US$ 0.60 Billion in 2023, is projected to grow at a CAGR of 5.84% between 2024 and 2032, reaching an estimated worth of US$ 1.00 Billion by 2032.

Avocado oil has surged in popularity nowadays. This is pushed through its remarkable fitness advantages and culinary versatility. Renowned for its excessive monounsaturated fats and antioxidants, avocado oil helps coronary heart health and decreases inflammation. Its functionality of resisting high warmth makes it appropriate for diverse cooking techniques, while its moderate taste enhances dishes without overpowering them. As clients seek healthier and more flavorful alternatives in their cooking, avocado oil has become a staple element.

Global Avocado Oil Market Trends

The demand for plant-based merchandise is increasing, leading to an increase within the avocado oil market. Avocado oil is famous for cooking because it contains excessive protein, fiber, vitamins, minerals, and antioxidants. People are increasingly health-conscious and like natural and healthy ingredients, which contributes to the growth of the avocado oil market. According to the latest Gallup poll, four percent of Americans are vegetarian, and 1% are vegan.

Avocado oil has become increasingly popular due to its many advantages. It is rich in monounsaturated fat and antioxidants that promote heart health reduce irritation and decrease cholesterol levels. According to the World Heart Federation, cardiovascular illnesses continue to affect over half a billion humans globally, causing 20.5 million deaths. Additionally, avocado oil contains vitamins, minerals, and different antioxidants that improve well-being. About 70% of avocado oil is made up of oleic acid, a monounsaturated omega-9 fatty acid right for the heart. Most research indicates that a weight-reduction plan rich in unsaturated fat can help enhance health and might reduce the hazard of persistent illnesses such as dementia and heart sickness.

The avocado oil market is growing because it's a popular ingredient in cosmetics and personal care merchandise due to its nourishing properties. Rich in vitamins A, D, and E, it hydrates and rejuvenates skin and hair, providing softness and elasticity. Its non-greasy texture and penetrating capability make it ideal in moisturizers, serums, and hair treatments. For instance, in 2023, Mielle launched the four-step Avocado & Tamanu Anti-Frizz System for textured hair.

Manufacturers are using superior technology to enhance avocado oil's dietary value, which is anticipated to force demand for this product globally. Production efficiency is expected to strengthen as technology develops, promoting economic stability. Modern technology is vital in boosting manufacturing quality, from drone monitoring on farms to advanced cold-press strategies. Alfa Laval, for example, has advanced an innovative cold-pressed avocado oil manufacturing technique that can be used in high-value food merchandise. All that is required is a unique washing, de-stoning, and de-skinning section for avocados. At the same time, all other extraction stages may be dealt with by the preferred high-tech Alfa Laval olive oil processing system.

Segment Insight

Avocado oil of the extra-virgin type is expected to be among the leading contenders in the global market

Extra virgin avocado oil might dominate the worldwide market because of its superior high quality and health benefits. It retains the highest vitamins and antioxidants with minimal processing, making it especially well-liked for culinary and personal care applications, driving its prominence within the industry. In April 2023, California Olive Ranch released a new line of eco-friendly aluminum bottles. These fully recyclable bottles are their most miniature and lightweight, increasing their dedication to sustainability and quality. The brand aims to offer a more affordable price factor for its best-selling top-class olive oil. They are to be had online and in stores nationally.

Avocado oil is expected to significantly increase demand for food and beverage applications in the global market

Due to the oil's versatility and fitness advantages, food and beverages are anticipated to be one of the significant applications in the global avocado oil market. Avocado oil complements diverse dishes' taste and nutritional profile, making it a favored preference for cooking, salad dressings, dips, and marinades, driving its considerable adoption in the food enterprise.

Regional Insights

The United States may lead the avocado oil market. This is attributed to its sturdy client base and increasing choice for natural and healthful food merchandise. Furthermore, the USA's well-established food industry and high demand for connoisseurs and health-conscious ingredients bolsters the avocado oil market share. In America, some essential competition inside the avocado market is always centered on expanding their product offerings. For instance, Nuco, a US-based producer, has added a Vegan Coconut Avocado Mayo that mixes the dietary advantages of coconut and avocado oils with the taste of conventional mayonnaise. This new product affords a more healthy and flavorful alternative to traditional mayonnaise.

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.

• In September 2021 - Butterfly Equity bought a bulk share in Chosen Foods LLC, a producer of kitchen staples made with avocado or avocado oil. The financial details of the deal were kept secret.
• In October 2021 - Jackson's Honest, an American company, introduced new snack options and packaging. The new packaging includes sweet potato chips and three additional flavors: Spicy Tomatillo, Sea Salt, and Carolina BBQ. All the flavors are made with avocado oil and added to the company's original Sea Salt with Coconut Oil chips.
• In March 2022 - Grove Avocado Oil acquired Pressure Foods from Fresh Technologies, a New Zealand food service industry produce supplier. This acquisition will allow Grove to optimize its avocado oil production by using previously discarded parts of the avocado, precisely the previously overlooked flesh.
• In August 2023 - Chosen Foods, the maker of America's top Avocado Oil, is launching Pumpkin Spice Avocado Oil Caviar this season. Made with 100% pure avocado oil and a blend of fall spices, including cinnamon, ginger, nutmeg, and allspice, it's a delicious way to add bold, warming flavors to your favorite dishes.

Type – Global Avocado Oil Market breakup in 4 viewpoints:

1.    Extra Virgin Oil
2.    Virgin Oil
3.    Refined Oil
4.    Blends

Application– Global Avocado Oil Market breakup in 4 viewpoints:

1.    Food and Beverages
2.    Cosmetics and Personal Care
3.    Pharmaceuticals
4.    Others

Distribution Channel – Global Avocado Oil Market breakup in 5 viewpoints:

1.    Polyvalent Anti-Venom Supermarkets/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

Report Details: