Global Avocado Oil Market Size and Share Outlook - Forecast Trends and Growth Analysis Report (2024-2032)

Global Avocado Oil Market Growth

Avocado oil is packed with health benefits that make it ideal for cooking, skincare, and overall wellness. Its high content of monounsaturated fats, especially oleic acid, promotes heart health by reducing bad cholesterol and inflammation. With abundant antioxidants like vitamin E and lutein, avocado oil protects against oxidative stress and supports eye health. In skincare, it deeply moisturises and repairs the skin barrier, providing relief for dry and sensitive skin. Additionally, avocado oil’s fats boost nutrient absorption of fat-soluble vitamins (A, D, E, K). Its high smoke point makes it perfect for high-temperature cooking, preserving nutrients and avoiding harmful compounds.

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Global Avocado Oil Market Analysis

As there is a growing consumer inclination towards using products that do not contain harmful chemicals, the quest for natural and organic oils, including avocado oil, has gained interest in several sectors. The use of avocado oil for cooking, skincare, and personal care products attracts consumers who care about health and the environment. This is a key trend that is going to boost avocado oil market demand, as brands continue to expand their product offered due to the consumer’s propensity for less processed and naturally sourced products, thus market expansion in food and cosmetic uses of avocado oil.

Avocado oil's increasing popularity in the cosmetic and personal care sections can be attributed to the reasons above rather than its inexpensive availability. This is especially true as its moisturising, and skin rejuvenating properties make it suitable for skin, hair, and beauty products. The fact that it is packed with vitamins and antioxidants as well as good fats which help repair and nourish the skin and hair makes it very ideal for the market which is looking for effective beauty solutions that are plant-based. Such an appeal is compelling manufacturers to add this oil to various products ranging from facial serums to conditioners, therefore increasing the growth of the avocado oil market. As the users of personal grooming products also focus on organic elements, the avocado oil market is extended across beauty and wellness products for its expanded usage.

Internal factors that determine the avocado oil market dynamics and trends are stakeholders’ preferences, which can be attributed to health-focused diets such as the ketogenic and Mediterranean diets, thus increasing the consumption of avocado oil that fits such diets. The high levels of monounsaturated fatty acids in avocado oil enhance cardiovascular health which makes it suitable for health-centered customers. This trend in dietary practices is supporting the expansion of the avocado oil market for individuals who are more interested in oils to reinforce their healthy living such, as imported and domestic foods, thereby increasing its application in cooking and food preparation in different countries.

Avocado Oil Industry Outlook

The USDA-reported increase in Mexico's avocado production, from 2,540,715 metric tonnes in 2022 to 2,652,501 MT in 2023, is set to positively impact the avocado oil market. Higher production means a more stable supply of avocados, which can lower raw material costs for oil manufacturers and support expanded processing. This growth aligns with the rising demand for avocado oil in health, culinary, and beauty markets, allowing producers to meet global demand thus significantly boosting the avocado oil market revenue.

Australia’s total avocado production for 2023, amounted to 115,358 tonnes, with a market value of AUD 560.7 million. Of this total, 4% is allocated for processing, likely for products like avocado oil and other derivatives supporting the avocado oil industry revenue by ensuring a steady supply of raw materials. This allocation boosts production capacity for avocado oil, meeting rising consumer demand in both culinary and skincare sectors.

According to the Ministry of Statistics & Programme Implementation, the Per Capita Income, also known as Per Capita Net National Income at current prices, was estimated at USD 2037.23 for 2021-22 and rose to USD 2152.60 for 2022-23. Similarly, the Per Capita Private Final Consumption Expenditure (PFCE) at current prices increased from USD 1,418.74 in 2021-22 to USD 1,508.19 in 2022-23. With higher disposable incomes, consumers are more likely to purchase health-oriented and high-quality items, such as avocado oil, which is valued for its nutritional and skincare benefits. This financial boost can drive growth in the avocado oil market as more consumers opt for natural and health-focused products.

Avocado oil is rich in monounsaturated fats, antioxidants, and vitamins, aligning with rising health trends and making it highly appealing for culinary and personal care applications, thus driving the avocado oil market demand.

• Its use spans multiple sectors, including food, cosmetics, and pharmaceuticals, enhancing its demand, and establishing a strong market presence across diverse industries.
• As consumers lean toward natural, eco-friendly products, avocado oil’s organic and sustainable qualities attract health-conscious and environmentally aware consumers.

Avocado oil is more costly to produce than other cooking oils, which may limit its accessibility and consumption among price-sensitive consumers.

• Avocado production is limited to specific regions, creating vulnerabilities in supply and potential pricing volatility in the face of environmental or logistical issues.
• Some individuals may experience allergic reactions, restricting its use in broader consumer markets and limiting product formulation options.

The rising popularity of healthy diets, like the ketogenic and Mediterranean, presents growth potential as avocado oil fits well within these regimens which boosts the avocado oil industry growth.

• Growing demand for natural ingredients in beauty products opens new avenues for avocado oil, especially given its moisturising and rejuvenating properties.
• Increasing awareness of avocado oil’s benefits in Asia-Pacific and Latin America offers untapped growth potential in these markets.

Competing oils, like olive and coconut oil, offer similar health benefits, making market differentiation crucial for avocado oil brands.

• Avocado crops are susceptible to climate change impacts, which can lead to supply shortages and higher prices.
• Strict regulations around organic and natural certifications can impact market entry, particularly in regions with complex import and food safety standards.

Key Players in the Global Avocado Oil Market and Their Key Initiatives

Olivado Group

• Launched a biogas plant to transform avocado waste into energy, enhancing sustainability.
• Integrated over 7,000 small farmers from Kenya and Tanzania into its supply chain, focusing on fair trade and organic practices.

Grupo Industrial Batellero

• Investing in advanced extraction and processing technologies to optimize production efficiency and maintain quality standards.
• Expanding product lines with organic and cold-pressed oils aimed at health-conscious consumers and the growing natural cosmetics segment.

The Village Press

• Introduced an extra virgin, cold-pressed avocado oil to cater to health-conscious consumers seeking nutritious, high-heat cooking oils with a mild taste to capture the avocado oil market opportunities.
• Developed a blend of olive and avocado oils that combines high nutrient retention and versatility for various culinary applications.

Spectrum Organics

• Expanding their product line with refined avocado oil, optimized for high heat cooking up to 450°F, which supports versatile culinary applications.
• Emphasising nutritional quality by ensuring their oil is high in monounsaturated fats, catering to health-conscious consumers.

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Global Avocado Oil Industry Segmentation

“Global Avocado Oil Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

Market Breakup by Product Type

• Extra-Virgin Oil
• Refined Oil
• Blends
• Others

Market Breakup by Application

• Food and Beverages
• Cosmetics
• Pharmaceuticals
• Others

Market Breakup by Distribution Channel

• Business to Business
• Business to Consumer
  • Supermarkets/Hypermarkets
  • Convenience Stores
  • Online
  • Others

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

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Avocado Oil Market Share

Extra-virgin avocado oil drives the avocado oil demand growth through its high quality, nutritional profile, and appeal to health-conscious consumers. Minimally processed and cold-pressed, this oil retains essential nutrients like vitamins, antioxidants, and healthy fats, aligning with popular dietary and wellness trends. It is especially valued for culinary use and personal care, where its moisturising qualities enhance skincare formulations. With growing consumer interest in natural, premium oils, extra-virgin avocado oil plays a central role in market expansion, supported by rising demand across food and beauty applications that emphasise quality and health benefits.

In the avocado oil market, the food and beverages sector is the primary growth driver, propelled by rising consumer demand for healthy, plant-based ingredients. Known for its heart-healthy fats, high smoke point, and neutral flavour, avocado oil is widely embraced in cooking, particularly in gourmet and health-focused diets like keto and Mediterranean. This popularity in culinary applications, especially for high-heat cooking and flavourful dishes, is boosting demand of the avocado oil market as more consumers prioritise nutritional quality in their food choices.

Supermarkets and hypermarkets significantly boost the avocado oil industry growth by providing high visibility and easy access to diverse products. These large retail stores cater to health-conscious consumers who are increasingly seeking natural, nutrient-rich oils like avocado oil for cooking and skincare. Supermarkets often feature prominent displays and varied brands, which encourage product trials and impulse purchases. Additionally, promotional offers and discounts make avocado oil more affordable, attracting a broader customer base. As convenient, one-stop shopping destinations, supermarkets drive steady demand and market growth for avocado oil by increasing consumer awareness and product availability.

Leading Companies in the Avocado Oil Market

The companies specialise in culinary oils and personal care products with a strong emphasis on quality and sustainability and produce gourmet foods derived from Hass avocados, such as oils and cosmetic products.

• Olivado Group
• Grupo Industrial Batellero
• The Village Press
• Spectrum Organics
• Chosen Foods LLC
• Tanlay AG (Olivado)
• La Tourangelle
• Crofts Limited
• Kevala
• Bella Vado Avocado Oil
• Others

Avocado Oil Market Report Snapshots

Avocado Oil Market Size

Avocado Oil Market Share

Avocado Oil Market Analysis

Avocado Oil Companies