Avocado Oil Market Surges as Health-conscious Consumers Embrace Nutrient-Rich Elixir

 In 2020, the global avocado oil market reached a size of USD 533.53 million. It is projected to grow from USD 553.27 million in 2023 to USD 822.29 million in 2030, with a Compound Annual Growth Rate (CAGR) of 8% during the period from 2023 to 2030. The COVID-19 pandemic has had a significant impact globally, leading to a positive demand shock for avocado oil across all regions. Based on our analysis, the market experienced a growth of 3.90% in 2020 compared to the average year-on-year growth during 2017-2019. The increase in CAGR can be attributed to the recovery of market demand and growth to pre-pandemic levels once the pandemic subsides.


Despite the challenges faced in 2020, such as the impact of COVID-19, the sales of avocado oil have remained robust. For instance, the CEO of the Kenya-based brand Origen Group reported that the demand for avocado fruit oil had not been affected by the pandemic. On the contrary, the company witnessed a growth of approximately 10% in 2020. However, companies have experienced a significant increase in the cost of avocado fruit oil due to factors like scarcity of raw materials, transportation delays, and the temporary closure of processing and packaging plants.

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Key players                                        

  • Spectrum Organics Products, LLC (Oregon, U.S.)
  • Bella Vado Inc. (California, U.S.)
  • The Village Press (New York, New York)
  • La Tourangelle, Inc. (California, U.S.)
  • Proteco Gold Pty Ltd. (Queensland, Australia)
  • Sesajal S.A de C.V. (JALISCO, Mexico)
  • Grupo Industrial Batellero (Lerma de Villada, Mexico)
  • Grove Avocado Oil (Bay of Plenty Region, New Zealand)
  • Cibaria International (California, U.S.)
  • Olivado USA (Florida, U.S.)

Segmentation

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 (By Type, Application, and Country)

  • U.S.
  • Canada
  • Mexico

Europe (By Type, Application, and Country)

  • U.K.
  • France
  • Germany
  • Italy
  • Spain
  • Rest of Europe

Asia Pacific (By Type, Application, and Country)

  • China
  • India
  • Japan
  • Australia
  • Rest of Asia Pacific

South America (By Type, Application, and Country)

  • Brazil
  • Chile
  • Rest of South America

Middle East and Africa (By Type, Application, and Country)

  • South Africa
  • UAE
  • Rest of ME&A

Market Trends

Avocado Oil Market also observes a few trends that assist organizations in developing more successful plans. The report includes the most recent information on emerging trends. This information is useful for firms planning to develop substantially improved products, as well as for customers getting a notion of the next products on the market.

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Research Methodology

The Avocado Oil Market report is firmly rooted on comprehensive methods supplied by skilled data analysts. The research approach entails analysts gathering information only to have it thoroughly reviewed and filtered in an attempt to give meaningful forecasts regarding the market over the review period. Interviews with major market influencers are also conducted as part of the research process, making the primary research relevant and practical. The secondary method provides a direct look at the demand and supply connection in Avocado Oil Market.

The report’s Avocado Oil Market techniques give exact data analysis and a tour of the whole market. Data was gathered using both primary and secondary methods. In addition to this, data analysts have used publically available sources such as SEC filings, annual reports, and white papers to gain an in-depth overview of the market. The research technique clearly demonstrates an intention to obtain a thorough view of the market by analyzing it against numerous aspects. The valuable inputs improve Avocado Oil Market report and provide it with a competitive advantage.

Key Question Answered in Avocado Oil Market

• What will be the estimated size of the Avocado Oil Market in 2023?
• At what rate will the Avocado Oil Market sales grow until 2030?
• Which are the factors hampering the Avocado Oil Market demand?
• Which region will spearhead the growth in the global industry during 2023-2030?
• Which are the factors driving sales in the Avocado Oil Market during the forecast period?

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About US:

MarketDigits is one of the leading business research and consulting companies that helps clients to tap new and emerging opportunities and revenue areas, thereby assisting them in operational and strategic decision-making. We at MarketDigits believe that market is a small place and an interface between the supplier and the consumer, thus our focus remains mainly on business research that includes the entire value chain and not only the markets.

We offer services that are most relevant and beneficial to the users, which help businesses to sustain in this competitive market. Our detailed and in-depth analysis of the markets catering to strategic, tactical, and operational data analysis & reporting needs of various industries utilize advanced technology so that our clients get better insights into the markets and identify lucrative opportunities and areas of incremental revenues.

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