Industry Background:
According to the WHO, health problems like obesity and overweight causes many life-threatening diseases. With health trend spurring coupled with awareness regarding the consumption of healthy fruits and vegetables such as avocados helps to reduce the cholesterol level and triglycerides. This is expected to aid the demand for avocado oil. Scientists and medical experts have been researching on the natural treatments and solutions to cure chronic diseases. This research on avocado oil owing to the health benefits associated with its consumption has driven the global avocado oil market. In 2017, avocado oil is listed as a prescription drug in France for the treatment of knee and hip osteoarthritis.
According to AMA Research, the market for Avocado Oil is expected to register a CAGR of 7.6% during the forecast period to 2030. This growth is primarily driven by Increasing Demand among Consumers due to Nutritional Benefits of Avocado Oil
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | K Units |
Value Unit | USD (Million) |
Dominating Type | Extra Virgin Avocado Oil |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Consumer Goods sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Bella Vado (United States), Olivado (New Zeland), SESAJAL S.A. de C.V. (Mexico), CHOSEN FOODS LLC (United States), Avocado Global Pte Ltd (Singapore), AMD Oil Sales LLC (United States), Tron Hermanos (United States) and La Tourangelle (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In September 2021 Butterfly, a Los Angeles-based private equity fund specializing in the food sector, is the industry leader and pioneer in avocado oil, cooking sprays, mayonnaise, dressings, simmers, guacamole and salsa. Butterfly will own a majority stake in the business.
June 2016, De La Rosa Real Foods & Vineyards announced that their newly released Cold Pressed 100% Pure Avocado Oil has been making a big impact in the market. Pressed from the fleshy pulp of the Avocado and not the seed, De La Rosa's Avocado Oil is Non-GMO, Kosher, Vegan and Gluten-Free, making it perfect for all cooking needs providing top quality and superb taste to meals that health conscious consumers seem to be looking for.The market is fragmented by several regional and international key players. Moreover, the availability of avocado all year round provides a competitive advantage to sustain demand all year.
Regulatory Insights:
In 2018, FSSAI (Food product standard and Food additives) has revised standards for Oil and Vanaspati and new standards for avocado oil. The Standards includes new parameters and limits Eg. Saponification value (177-198), acid value not more then 2 etc.
Influencing Trend:
Adoption of Flavored Avocado Oil with Natural Edible Oil Like Almond Oil, Olive Oil And Coconut Oil and Shea Butter
Market Growth Drivers:
Increasing Demand among Consumers due to Nutritional Benefits of Avocado Oil, Rising Consumer Base for the Obese Population and Rising Awareness about a Healthy Lifestyle and Used as a Flavoring Agent in Food and Increasing Purchasing Power of Consumers
Challenges:
The Short Shelf life of Avocados makes them Unsuitable for Export, thereby Posing a Challenge for the Market
Restraints:
Cost Factor Associated With Avocado Oil as Compared To Other Alternative Oil Like Olive Oil, Seed Oil May Hamper The Market Growth
Opportunities:
Demand of Avocado Oil Due To Its Nutritional Benefits Becoming a Preferred Choice for Consumers
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Avocado Oil Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Avocado Oil Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Avocado Oil players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Avocado Oil Study Sheds Light on
The Avocado Oil Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Avocado Oil industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Avocado Oil industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.