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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Latin America Avocado Oil Market Growth
The avocado oil market witnessed a surge in growth, owing to the increased awareness of the benefits about the product. Avocado oil is a good source of glutathione, which boosts the immune system. The rising awareness about the nutrient-rich composition of the product, the positive perception among the health experts, and the healthy lifestyle pursued by people of Latin America are some of the factors likely to drive the market in the forecast period. The thriving pharmaceutical industry is expected to further aid the market growth, owing to the medicinal properties of the product. Moreover, the food and beverages sector is witnessing the development of diverse varieties of products, including dishes made with refined avocado oil. This is expected to significantly boost the market significantly in the next few years.
The market is expected to register a substantial growth in the forecast period. The COVID-19 pandemic has increased the health awareness among the people. Since extra-virgin avocado oil is considered a healthy oil and preferred over regular oils, the market is expected to be bolstered by its robust demand in the coming years.
Latin America Avocado Oil Market Report Snapshots
Latin America Avocado Oil Market Size
Latin America Avocado Oil Market Growth
Latin America Avocado Oil Companies
*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
In 2023, the Latin America avocado oil market attained a value of nearly USD 211.56 million.
The market is projected to grow at a CAGR of 5.8% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 299.99 million by 2032.
The market is driven by the changing consumer buying patterns owing to the surging health consciousness, and the rising prevalence of obesity, diabetes, cardiovascular diseases.
The key trends in the market include the rising awareness of the benefits of avocado oil, the growing demand for healthy food, and the increasing use of avocado in pharmaceuticals.
The major regions in the market include Brazil, Mexico and Argentina, among others.
The various product types of avocado oil in the market are extra virgin oil, refined oil, and blends, among others.
The various applications of avocado oil are food and beverages, cosmetics, and pharmaceuticals, among others.
The major applications of avocado oil are food and beverages, cosmetics, and pharmaceuticals, among others.
The key players in the Latin America avocado oil market are SESAJAL SA de CV, NOBEL FOODS, S.A. DE C.V, Grupo MaDiVi SA de CV, and Diricom, S.A. de C.V., among others.
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