Avocado Oil Market is Estimated to Witness High Growth Owing to Increasing Health Benefits
10 Feb, 2025
The avocado oil market is gaining significant growth due to the numerous health benefits associated with its consumption. Avocado oil contains essential fatty acids, vitamins, and minerals that help reduce bad cholesterol and inflammation in the body. It is widely used in cooking, cosmetics, and alternative medicines owing to the nutrients like monounsaturated fats, potassium, copper, vitamin E, B6, etc. present in it.
The global avocado oil market size is estimated to be valued at US$ 665.9 Mn in 2024 and is expected to exhibit a CAGR of 5.7% over the forecast period 2024 To 2031.
Key Takeaways
Key players operating in the avocado oil market are Sesajal S.A. de C.V., Olivado, Grupo Industrial Batellero S.A. de C.V, YASIN, Tron Hermanos SA de CV, The Village Press, Bella Vado, Chosen Foods LLC, Storino's Quality Products., Aromex Industry, AOS Products Pvt. Ltd., Gustav Heess, Spectrum Organics Products, LLC, La Tourangelle, Inc., Proteco Gold Pty Ltd., Grove Avocado Oil, Cibaria International, Plenty Foods, Avocado Oil New Zealand Ltd, and AG Organica.
Avocado Oil Market opportunities in the avocado oil market lie in the diversification of avocado oil-infused products in food & beverages, personal care, and medicines. Various innovations are being carried out to introduce naturally infused foods using avocado oil to cater to the growing health-conscious population. Technological advancements have led to the development of advanced extraction methods that help obtain higher yields of avocado oil and improve its quality.
Market Drivers
The rising health awareness among individuals has increased the demand for nutritional edible oil options. Avocado oil is rich in flavonoids, phytosterols, and monounsaturated fat that have several cardio-protective and anti-inflammatory properties. As a result, it is experiencing high consumption for culinary and medicinal purposes. Furthermore, the growing personal care and cosmetics industry is boosting the adoption of avocado oil for its benefits in hair and skin care products. The increasing use of avocado oil as a substitute for olive or soybean oil due to its unique flavor and nutritional profile has stimulated the market growth in recent years.
Current challenges in the Avocado Oil Market:
The production of avocado oil faces various challenges. Volatile production levels and uncertainty over weather conditions make it difficult to consistently source quality avocados for oil. The supply chain is fragmented with many small producers, which increases operational challenges. There is also lack of large-scale production facilities that can efficiently process large volumes of avocado pulp. This hinders economies of scale and cost advantages. Standards and quality control also present issues due to differences in regional growing conditions and techniques. Building consensus over quality benchmarks takes time.
SWOT Analysis
Strength: High nutritional value containing vitamins, minerals and healthy fats make it popular.
Weakness: Seasonal nature of avocado production leads to fluctuations in supply and pricing.
Opportunity: Growing consumer preference for organic and non-GM ingredients creates demand.
Threats: Climatic changes and diseases can impact avocado crop yields in key regions.
Geographical regions
North America currently leads the avocado oil market, accounting for over 40% share. Mexico is the dominant producer as ideal climate allows for large avocado harvests. The US is the largest consumer market due to increasing usage in dressings, spreads and cooking.
Asia Pacific region is expected to witness the fastest growth during the forecast period. Rising health awareness and expanding middle class are driving more premiumization of cooking oils in countries like India and China. Growing culinary use of avocado oil along with its perception as a superfood ingredient will support higher consumption growth rates compared to mature North American markets.
Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement.
Write a comment ...