New York, Aug. 24, 2022 (GLOBE NEWSWIRE) -- According to our new research study on Global Avocado oil Market to 2027 – COVID-19 Impact and Global Forecast Analysis by Type (Extra Virgin, Virgin, Refined, and Blends); Nature (Organic, Conventional); Variety (Hass, Pinkerton, Fuerte, Gwen, and Others); Application (Food and Beverages, Pharmaceuticals, Cosmetics, and Others); Distribution Channel (Hypermarkets and Supermarkets, Specialty Stores, Online Stores, and Others), and Geography” study involves understanding the factors supporting the growth of the avocado oil market, estimating and forecasting the revenue and market share analysis, and spotting significant market players and their key developments. Avocado oil is edible product used in various food recipes, salad dressings, bakery items, and sweet and savory snacks. It is also used in personal care and cosmetics products owing to its moisturizing and regenerative properties. The oil has high monounsaturated fat and low saturated fat content, and it is free of cholesterol. Avocado oil is highly preferred by people with diabetes as regular consumption of this oil helps lower low-density lipid (LDL), i.e., bad cholesterol, levels. Avocado oil is high in vitamin E and potassium, which keep the blood vessels healthy by eliminating free radicals. The consumption of food prepared using avocado oil also alters the levels of essential fatty oils in kidneys.
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Avocado Oil Market - Strategic Insights
| Report Coverage | Details |
| Market Size Value in | US$ 669.5 Million in 2018 |
| Market Size Value by | US$ 1,452.2 Million by 2027 |
| Growth rate | CAGR of 9.1% from 2019-2027 |
| Forecast Period | 2019-2027 |
| Base Year | 2019 |
| No. of Pages | 208 |
| No. Tables | 137 |
| No. of Charts & Figures | 102 |
| Historical data available | Yes |
| Segments covered | Type , Nature , Variety , Application , Distribution Channel , and Geography |
| Regional scope | North America; Europe; Asia Pacific; Latin America; MEA |
| Country scope | US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
Avocado Oil Market: Competitive Landscape and Key Developments
Aconcagua Oil & Extract S.A.; Avocado Health Limited; BELLA VADO, INC.; CROFTS LTD; La Tourangelle, Inc.; Madana Inc.; Mevi Avocados, Inc.; Olivado USA; Sesajal S.A. de C.V.; and Spectrum Organics Products, LLC (Hain Celestial Group, Inc.) are among the players operating in the global avocado oil market.
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The avocado oil market, by type, is segmented into extra virgin, virgin, refined, and blends. In 2018, the extra virgin segment dominated the market. This type of avocado oil is derived by pressing the Hass and the Fuerte type of avocado fruits. The extra virgin avocado oil from the Hass cultivar has a smoke point at temperature above 250°C, making it suitable for frying. The growing consumption of healthy and nutritious cooking oil by the health-conscious consumers drives the growth of the market for the extra virgin avocado oil.
Based on geography, the global avocado oil market is broadly segmented into North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and South America. North America accounted for the largest share of the market in 2018, followed by APAC.
Avocado oil is edible product used in various food recipes, salad dressings, bakery items, and sweet and savory snacks. It is also used in personal care and cosmetics products owing to its moisturizing and regenerative properties. The oil has high monounsaturated fat and low saturated fat content, and it is free of cholesterol. Avocado oil is highly preferred by people with diabetes as regular consumption of this oil helps lower low-density lipid (LDL), i.e., bad cholesterol, levels. Avocado oil is high in vitamin E and potassium, which keep the blood vessels healthy by eliminating free radicals. The consumption of food prepared using avocado oil also alters the levels of essential fatty oils in kidneys. The oil also exhibits anti-inflammatory properties that help to prevent damage to arterial walls, reducing the risk of heart disease caused by plaque build-up. Avocado oil contains chlorophyll that helps naturally remove heavy metals such as lead and mercury from the kidneys, liver, brain, and other organs.
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The avocado oil market, based on type, is segmented into extra virgin oil, virgin, refined and blends. In 2018, the extra virgin segment dominated the avocado oil Market. Extra virgin avocado oil is extensively used in the cosmetics and food & beverages industries. Upsurge in demand for trendy cosmetics such as nutricosmetics containing extra virgin avocado oil as an ingredient provides remarkable growth opportunities for the market players. The consumption of extra virgin avocado oil is considerably high in developed countries such as the US, Canada, and Germany, while the demand is projected to surge in emerging countries such as China, Brazil, and India during the forecast period.
Avocado oil is an edible oil derived from the avocado fruit. As a food oil, it is used in various types of dishes, salad dressing, bakery items, and sweet & savory snacks. Avocado oil is used in personal care and cosmetics products as it possesses moisturizing and regenerative properties. The oil is high in monounsaturated fats and low in saturated fats. Avocado oil is also cholesterol-free. Consistent` consumption of avocado oil also helps to lower low-density lipid (LDL) or "bad” cholesterol levels. Therefore, it is highly preferred by people who have diabetes. Avocado oil is high in vitamin E and potassium, which keep the blood vessels healthy by eradicating free radicals.
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Impact Assessment of COVID-19 Pandemic on Avocado Oil Market
The COVID-19 outbreak has been affecting economies and industries in various countries, including the US, India, Brazil, Russia, Italy, the UK, Iran, Spain, and China. Food and beverages is one the world’s major industries suffering serious disruptions in the form of supply chain breaks, events cancellations, and office shutdowns as a result of the lockdowns imposed in various countries to contain the disease spread. China is the global manufacturing hub and is the largest raw material supplier for various industries; it is also one of the worst-affected countries by the COVID-19 pandemic. The lockdown of various plants and factories in China is affecting the global supply chains and adversely impacting the manufacturing and sales of various chemical and materials. These factors are likely to restrain the growth of various markets related to the chemicals and materials industry in the next few financial quarters.
The avocado oil market is broadly segmented into North America, Europe, Asia Pacific (APAC), South America (SAM), and the Middle East and Africa (MEA). In 2018, North America held the largest share of the market, followed by Asia Pacific. The largest share of the North America region is attributed to the highly evolved retail structure and increased adoption of avocado oil due to the rise in prevalence of obesity and heart diseases. Additionally, upsurge in the expenditure of consumers on dietary food and cosmetics add to the popularity of avocado oil in this region. The North America Avocado Oil Market is characterized by the presence of many small and large scale players in the market, such as Avocado Health Limited, LA Tourangelle, Inc., and Madana Inc., among others.
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