Global Avocado Oil Market – Overview
Global avocado oil market has witnessed an impressive growth over the last few years. Market Research Future, a firm which specializes in market reports related to the Food, Beverages & Nutrition sector among others, recently forecasted in its report on ‘Global Avocado Oil Market Research Report- Forecast to 2023’ that the market will demonstrate an exceptional CAGR % while achieving good growth rapidly in the forecast period.
Global avocado oil is anticipated to be driven by the various factors. Avocado oil offers nutrient rich composition which is creating a massive demand of avocado oil both in developed & developing economies. Avocado oil is generally useful for people who is suffering from high blood pressure and other heart complaints which in turn escalates the growth of avocado oil market during the forecast period of 2017-2023. Avocado oil encompasses edible fatty acids and antioxidants which is making appropriate choice for the consumers to use in households on a regular basis.
Due to the antioxidants property, avocado oil is used extensively in the cosmetics & personal care products which is positively influencing the growth of global avocado oil market. Avocado oil is mainly used in the skin care products. Avocado oil finds it massive opportunity in the developing economies owing to the increasing health conscious consumers. Apart from that, increasing consumer acceptance to follow western culture is positively impacting the growth of global avocado market during the forecast period. However, high price of avocado oil can pose a major challenge during the forecast period.
Global Avocado Oil Market - Competitive Analysis
Global Healthy avocado oil market is gradually focusing on technological innovations over the last few years. Key players are capitalizing deeply in research & developments activities to progress the existing products and also to develop the new products. Research & development will aid to launch new products in the market by refining its functionality through better formulations. Key manufacturers are emphasizing to launch nutritive products in order to cater the specific requirement of the customers.
The key players profiled in avocado oil are Chosen Foods LLC (U.S.), Bella Vado (U.S.), Sesajal S.A. de C.V. (Mexico), ACADO (Singapore), Olivado Ltd (New Zealand), AMD Oil Sales LLC (U.S.), and Avoolio (Mexico) among many others.
Global Avocado Oil Market – Segments
Global avocado oil market has been divided into type, application and distribution channel and Region
On the Basis of Type: Virgin oil, Extra virgin oil, Refined oil, and Others
On the Basis of Application: Personal care, Culinary, Pharmaceuticals, and Others
On the Basis of Distribution Channel: Store Based (Supermarkets & Hypermarkets, Convenience Stores, Specialty retailers and others), and Non-store based
On the Basis of Region: North America, Europe, Asia Pacific, and Rest of the World
Global Avocado Oil Market - Regional Analysis
The global avocado oil market is segmented by region which comprises of North America, Europe, Asia Pacific and Rest of the World. Among all the regions, North America is accounting for significant market share in global avocado oil market and it is expected to retain its dominance throughout the forecast period of 2017-2023. The growth of the avocado oil in North America region is anticipated to be driven by the various factors. Increasing consumer inclination towards the healthy diet is the significant factors for the rising growth of avocado oil market during the forecast period of 2017-2023.
Among the North American countries, the U.S. is accounting for major market proportion in the year of 2017 and the trend is expected to continue throughout the forecast period. Also, the consumption of avocado oil is high in the Europe region owing to the increasing awareness of the consumes regarding the nutritional benefits of avocado oil. Cosmetics manufacturers are also using avocado oil as an ingredients which in turn accelerates the sales of avocado oil in the upcoming decade. Germany is accounting for major market share in the European region during the forecast period.
Latest Industry Updates
April 2017 Good health has introduced New Avocado Oil Ridge Cut™ Potato Chips to increase the customer base in Western Europe
July 2017 Costa Group has acquired Lankester to increase the distribution channel in Australia & New Zealand
Sep 2017 Becel has launched avocado oil in Canada to increase the customer base
NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.