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The global avocado oil market size attained a value of approximately USD 640.09 million in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 5.80%, reaching a value of around USD 1060.14 million by 2032.
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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.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the global avocado oil market attained a value of nearly USD 640.09 million.
The market is projected to grow at a CAGR of 5.80% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032, reaching a value of around USD 1060.14 million by 2032.
The major drivers of the market include increasing awareness regarding the benefits of avocado oil, rising disposable incomes, increasing population, and busier lifestyles.
The key avocado oil market trends include shift towards foods with higher content of beneficiary fatty acids, rising demand for organic skin care and personal care products, and increasing availability of avocado oils.
The market is broken down into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
By product type, the market is divided into extra-virgin oil, refined oil, blends, and others.
Based on application, the market is segmented into food and beverages, cosmetics, pharmaceuticals, and others.
The significant distribution channels for avocado oil are business to business and business to consumer.
The competitive landscape consists of Olivado Group, Grupo Industrial Batellero, The Village Press, Spectrum Organics, Chosen Foods LLC, Tanlay AG (Olivado), La Tourangelle, Crofts Limited, Kevala, and Bella Vado Avocado Oil, among others.
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