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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Europe Avocado Oil Market Outlook
The Europe avocado oil market is expected to grow at a CAGR of 6% between 2024 and 2032.
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Nutritional Benefits of Avocado Oil to Propel the Market Growth of Avocado Oil in Europe
As avocado oil’s nutrient profile of boasts a higher content of beneficial fatty acids, avocado oil enjoys the key customer base of the health-conscious community, particularly those fighting obesity problems. Olive oil's shortcomings, such as an unpleasant odour and taste it leaves in food, often make customers opt for other healthier and tasty oils, such as avocado oil, which is also a key factor driving the growth of the avocado oil industry in Europe. Avocado oil is sold as an instant, healthy alternative to olive oil as well as an alternative to other oils for cooking and dressing. Changes in customer purchasing habits, such as first noticing a food product's nutrient composition and a propensity toward fresh and healthy products, serve as a significant driving factor for the demand for avocado oil in Europe.
Europe Avocado Oil: Market Segmentation
Avocado is a tropical fruit, primarily native to South America, which, as its demand is increasing, is now commonly grown in other tropical regions and some Mediterranean regions of the world. Depending on the variety, this fruit contains 5-30% oil and is processed by the cold pressing process or by solvent extraction.
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By nature, the market is divided into:
- Organic
- Conventional
On the basis of product type, the market is bifurcated into:
- Extra-Virgin Oil
- Virgin
- Refined Oil
- Blends
- Others
By application, the market is divided into:
- Food and Beverages
- Cosmetics and Personal Care
- Pharmaceuticals
- Others
Based on distribution channel, the market is segmented into:
- Business to Business
- Business to Consumer
Business to consumer distribution channel is further divided into supermarkets/hypermarkets, convenience stores, and online, among others.
The regional markets for the product include United Kingdom, Germany, France, Russia, and Italy.
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Short Shelf-life of Avocados to Propel Market Growth of Avocado Oil in Europe
There has been a large number of avocados produced that are wasted, i.e., they are either left to rot or fed to livestock. They are particularly unsuitable for export due to their poor shelf-life. These avocados offer a significant opportunity for local farmers to turn them into high-value-added goods, such as avocado oil. In addition to offering an alternate income source for avocado farmers through the production of avocado oil, it is likely to reduce the possibility of loss due to waste through forming relationships directly with farms to acquire avocado feedstock or setting up processing capabilities at or close farms. This is quite beneficial for regional markets, especially Europe, which is expected to top the chart of market share.
Italy is the hardest-hit country in Europe due to the coronavirus epidemic, with the largest number of coronavirus cases registered in Italy. Owing to the loss of income from different sectors, the country is projected to take an economic blow. Drastic steps and immigration bans have been introduced by the other Member States, including partial closure of their borders. This is expected to hold back the growth of the industry in Europe before recovering in the forecast period.
Key Industry Players in the Europe Avocado Oil Market
The report gives a detailed analysis of the following key players in the Europe avocado oil market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Spack BV
- Gustav Heess Oleochemische Erzeugnisse GmbH
- Henry Lamotte Oils GmbH
- Hunter & Gather Foods Ltd
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Nature |
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| Breakup by Product Type |
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| Breakup by Application |
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| Breakup by Distribution Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*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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Key Questions Answered in the Report
The Europe avocado oil market is projected to grow at a CAGR of 6% between 2024 and 2032.
The major market drivers include the excellent nutritional profile of avocado oil, the rising use of avocado oil as an alternative to olive oil, and the growing preference for healthy and fresh food products.
The key trends propelling the market growth are the short shelf-life of avocado and the surging production of avocado oil to provide alternate income sources to farmers.
The major countries considered in the Europe market report are the United Kingdom, Germany, France, Russia, and Italy, among others.
The various segments based on nature of the product considered in the market report are organic and conventional.
The major product types in the market are extra-virgin oil, virgin, refined oil, and blends, among others.
The significant applications of avocado oil are food and beverages, cosmetics and personal care, and pharmaceuticals, among others.
The major distribution channels in the market are business to business and business to consumer.
The major players in the market are Spack BV, Gustav Heess Oleochemische Erzeugnisse GmbH, Henry Lamotte Oils GmbH, and Hunter & Gather Foods Ltd, among others.
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