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Avocado Oil Market To Reach USD 1080.67 Million By Year 2032

Avocado Oil Market Size Was Valued at USD 638.02 Million in 2023 and is Projected to Reach USD 1080.67 Million by 2032, Growing at a CAGR of 6.03 % From 2024-2032.

04-07-2024
Vishal Panchmukh
Food and Beverages
Pristine Intelligence LLP

According to a new report published by Pristine Intelligence, titled, “Avocado Oil Market by Type, Variety, Distribution Channel, Application Global Opportunity Analysis and Industry Forecast, 2024–2032,” The global Avocado Oil Market Size Was Valued at USD 638.02 Million in 2023 and is Projected to Reach USD 1080.67 Million by 2032, Growing at a CAGR of 6.03% From 2024-2032.

Avocado oil, extracted from Persea americana fruit, boasts a naturally low acidity and high smoke point of up to 480 °F (249 °C). This makes it ideal for diverse high-heat cooking methods like baking, stir-frying, and deep-frying. Beyond culinary uses, it serves as both a raw and cooking oil, valued for its heat stability and nutritional benefits. Avocado oil is also prized in cosmetics for its lubricating properties. Both unrefined and refined variants offer distinct advantages, preserving natural flavors and nutrients. Its versatility across cooking styles and skincare applications makes it popular among health-conscious individuals and chefs. Avocado oil's stability under heat and ability to enhance flavor and texture underscore its multifaceted utility in culinary and cosmetic.

According to the global Avocado Oil market analysis, the market is segmented into Type, Variety, Distribution Channel, Application, and region. By Type, the market is categorized into Extra Virgin Oil, Virgin Oil, Pure/Refined Oil, and Blend. By Variety, the market is categorized into Gwen, Hass, Lamb Hass, Zutano, Fuerte, Pinkerton, Bacon, and Others. By Distribution Channel, the market is categorized into Business to Business, and Business to Consumer. By Application Channel, the market is categorized into Food and Beverages, Pharmaceuticals and Medicinal Formulations, Personal Care and Cosmetics, and Others. By region, it is analyzed across North America (U.S.; Canada; Mexico), Eastern Europe (Bulgaria; The Czech Republic; Hungary; Poland; Romania; Rest of Eastern Europe), Western Europe (Germany; UK; France; Netherlands; Italy; Russia; Spain; Rest of Western Europe), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).

Avocado oil has gained popularity for its potential health benefits, particularly in cardiovascular and skin health. Rich in monounsaturated fats, it lowers LDL (bad) cholesterol and raises HDL (good) cholesterol, crucial for heart health. Antioxidants like tocopherols and carotenoids reduce oxidative stress, while oleic acid combats inflammation in arteries, improving blood vessel function. With a high smoke point, avocado oil is ideal for high-heat cooking without compromising its health benefits.

For skin, avocado oil’s nutrients penetrate deeply, hydrating and nourishing. Potassium moisturizes cells, promoting softness, while lecithin enhances texture and protects against moisture loss. It stimulates collagen and elastin production, maintaining elasticity for a youthful appearance. Avocado oil suits all skin types, used directly or in skincare products. Its versatility and health benefits have driven its popularity as a natural choice for heart health and skincare routines.

Global Avocado Oil Market, Segmentation

The Avocado Oil market is segmented based on Type, Variety, Distribution Channel, Application, and region

Type:

Avocado oil holds significant value in the cosmetics and personal care industry due to its vitamin E content, making it a preferred choice for skincare products. Its affordability relative to other oils allows manufacturers to offer effective products at competitive prices. Known for its emollient properties, avocado oil deeply moisturizes and nourishes the skin, widely utilized in moisturizers, lotions, and hair care items. The rising trend towards natural oils directly on the skin has boosted demand for extra virgin avocado oil, prized for its purity and quality assurance in premium skincare formulations. This aligns with increasing consumer preference for natural and organic products, enhancing the oil's appeal. In the food industry, extra virgin avocado oil is gaining popularity for its nutritional benefits, rich in monounsaturated fats and antioxidants, appealing to health-conscious consumers seeking flavorful, nutritious options.

Application:

The avocado oil market has seen substantial growth due to its popularity in food and beverages. Highly valued for its health benefits and nutritional richness, avocado oil is favored in cooking for its high smoke point and mild flavor. It enhances dishes while appealing to health-conscious consumers seeking natural oils. In beverages, it's used in health drinks and functional beverages for its nutritional profile, including monounsaturated fats, vitamins, and antioxidants, promoting heart health and well-being. Increasing consumer awareness of its benefits drives demand, spurring innovation in products that cater to healthier dietary preferences.

Region:

North America has emerged as a dominant force in the avocado oil industry, fueled by increasing consumer awareness of its health benefits and versatile applications in cooking and skincare. Its high monounsaturated fat content and nutrient-rich profile have made avocado oil a popular choice among health-conscious individuals seeking alternatives to traditional cooking oils. Beyond culinary use, its moisturizing and antioxidant properties have expanded its presence in personal care products, driving market growth across physical and digital platforms. The North American market offers a diverse array of avocado oil products from pure and virgin oils to blends tailored for specific culinary or skincare needs appealing to both professional chefs seeking quality oils and consumers embracing natural beauty solutions.

Key Players in the Global Avocado Oil Market

Some of the leading sports optics market players are

  • Bella Vado (USA)
  • Chosen Foods (USA)
  • La Tourangelle (USA)
  • Olivado (New Zealand)
  • Avocado Oil New Zealand (New Zealand)
  • Mt. Kenya Avocado Farms (Kenya)
  • Olivado Ltd. (Kenya), and Other Major Players.

Key Industry Developments:

  • In July 2024, Avocado grower and shipper launched avocado oil products. With Cinco de Mayo and Mother's Day approaching, the North American avocado industry geared up for May promotions. At this time of year, avocados were sourced from California, Mexico, and Colombia, with the Peruvian season preparing to start. California anticipated a condensed season, expecting peak harvest volumes towards late April and promotable quantities available through June.

Key Findings of the Study

  • The avocado oil market was valued at USD 638.02 million in 2023 and is projected to reach USD 1080.67 million by 2032, growing at a CAGR of 6.03% from 2024-2032.
  • Avocado oil's nutrients deeply penetrate the skin, hydrating and nourishing it. Potassium moisturizes cells, lecithin enhances texture, and antioxidants stimulate collagen production, maintaining skin elasticity and a youthful appearance.
Pristine Intelligence LLP

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