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Avocado Oil Market Research Report 2024

Avocado Oil Market Global Industry Analysis and Forecast (2024-2032) By Type (Extra Virgin Oil, Virgin Oil, Pure/Refined Oil, and Blend), Variety (Gwen, Hass, Lamb Hass, Zutano, Fuerte, Pinkerton, Bacon, Others), Distribution Channel (Business to Business, Business to Consumer), Application (Food and Beverages, Pharmaceuticals and Medicinal Formulations, Personal Care and Cosmetics, and Others) and Region

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Report ID: 283

Categories: Food and Beverages

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Summary TOC Segmentation Methodology

Avocado Oil Market Synopsis

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, derived from the fruit of Persea americana, boasts a naturally low acidity that contributes to its high smoke point. With an impressive tolerance to heat, unrefined avocado oil can safely reach temperatures up to 480 °F (249 °C). This makes it a versatile choice for a wide range of high-heat cooking methods such as baking, stir-frying, deep-frying, searing, barbecuing, roasting, and sautéing.

  • In addition to its culinary applications, avocado oil finds use in other areas. It serves as an edible oil, appreciated both in its raw form and for cooking purposes, owing to its ability to withstand high temperatures without breaking down or producing harmful compounds. Beyond the kitchen, avocado oil is valued for its lubricating properties and its incorporation into various cosmetic products.
  • Both unrefined and refined avocado oil variants offer distinct advantages. They are suitable for nearly any culinary application that demands stable heating, ensuring that the natural flavors and nutritional benefits of the oil are preserved. This versatility extends its utility across a spectrum of cooking styles and techniques, making it a preferred choice among health-conscious cooks and professional chefs alike.
  • Avocado oil stands out not only for its high smoke point but also for its multifaceted utility. Whether used for cooking, baking, or as an ingredient in skincare, it remains prized for its stability under heat and its ability to enhance both flavor and texture in a variety of dishes and products.

Top Key Players:

"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) Tron Hermanos S.A. (Chile) Westfalia Fruit (South Africa) Crofts Ltd (New Zealand) SESAJAL S.A. de C.V. (Mexico) Proteco Oils (Australia) Olivado Ltd (Kenya) Tophat Provisions (USA)"

Avocado Oil Market Trend Analysis

Reduces Cholesterol and Improves Heart Health

  • Avocado oil has gained significant attention in recent years due to its potential health benefits, particularly in reducing cholesterol levels and improving heart health. Rich in monounsaturated fats, avocado oil has been shown to help lower LDL (bad) cholesterol while raising HDL (good) cholesterol levels, which is crucial for maintaining cardiovascular health.
  • Beyond its cholesterol-lowering properties, avocado oil also contains various antioxidants such as tocopherols and carotenoids. These compounds help to neutralize free radicals, reducing oxidative stress in the body and contributing to overall heart health. Additionally, avocado oil is a good source of oleic acid, which has anti-inflammatory properties that may benefit heart health by reducing inflammation in arteries and improving blood vessel function.
  • The versatility of avocado oil further contributes to its popularity. It has a high smoke point, making it suitable for cooking at high temperatures without breaking down and releasing harmful compounds. This characteristic makes it ideal for sautéing, frying, and grilling, providing a heart-healthy alternative to less stable cooking oils.
  • The combination of cholesterol-lowering effects, antioxidant properties, and culinary versatility has driven the growth of the avocado oil market. As consumers become more health-conscious and seek natural alternatives, avocado oil stands out as a beneficial choice for both heart health and culinary enjoyment.

Significant for the Skin Nourishment

  • Avocado oil offers a wealth of benefits for skin nourishment and health beyond its rich vitamin E content. Packed with potassium, lecithin, and other essential nutrients, this natural oil deeply penetrates the outer layer of the skin, known as the epidermis.
  • Its ability to absorb quickly allows these nutrients to work effectively in supporting skin regeneration and maintaining moisture levels. Potassium, a key mineral found in avocado oil, helps in hydrating and moisturizing the skin cells, promoting a soft and supple complexion.
  • Lecithin, another vital component, assists in improving the skin's overall texture by enhancing its ability to retain moisture. This lipid-rich substance contributes to a smoother appearance and helps to protect against moisture loss, making avocado oil particularly beneficial for dry or aging skin.
  • Beyond its moisturizing and protective properties, avocado oil is renowned for its potential to stimulate the production of collagen and elastin. These proteins are essential for maintaining skin elasticity and firmness, promoting a more youthful and radiant complexion.
  • In skincare routines, avocado oil can be used directly on the skin as a moisturizer or added to existing skincare products such as creams, lotions, or serums. Its versatility makes it suitable for all skin types, from dry and mature skin to oily or acne-prone complexions.

Avocado Oil Market Segment Analysis:

Avocado Oil Market Segmented Based on Type, Variety, Distribution Channel, Application.

By Type, Pure/Refined Oil segment is expected to dominate the market during the forecast period

  • In the cosmetics and personal care industry, pure or refined avocado oil is highly valued for its rich vitamin E content, making it a popular choice for skincare products. Its affordability compared to extra virgin and virgin oils also enhances its appeal, allowing manufacturers to offer products with beneficial properties at a lower cost.
  • Avocado oil is well-regarded for its excellent emollient properties, deeply moisturizing and nourishing the skin, which contributes to its widespread use in moisturizers, lotions, and hair care products.
  • Simultaneously, there's a notable trend towards using natural oils directly on the skin, boosting the demand for extra virgin avocado oil specifically in the beauty sector. Consumers are increasingly drawn to its natural purity and the assurance of high-quality standards, making it a preferred ingredient in premium skincare formulations.
  • This growing consumer preference for natural and organic products further propels the demand for extra virgin avocado oil, as it aligns with the rising health and wellness consciousness among consumers worldwide.
  • From a nutritional standpoint, extra virgin avocado oil is gaining traction in the food industry due to its well-documented health benefits. It is prized for its rich nutritional profile, including high levels of monounsaturated fats and various antioxidants. This nutritional superiority not only enhances its appeal as a culinary oil but also drives its market growth as health-conscious consumers seek out products that offer both flavor and nutritional value.

By Application, Food and Beverages segment held the largest share of xx% in 2023

  • The avocado oil market has witnessed significant growth driven largely by its increasing popularity in both food and beverage applications. Avocado oil is prized for its health benefits, rich nutritional profile, and versatility in culinary uses, which has fueled its demand across the globe.
  • In the food sector, avocado oil is highly sought after for its high smoke point and mild flavor profile, making it ideal for various cooking methods such as frying, sautéing, and baking. It is also valued for its ability to enhance the flavor and nutritional value of dishes, appealing to health-conscious consumers seeking natural and nutritious cooking oils.
  • In beverages, avocado oil has found niche applications in products like health drinks and functional beverages. Its nutritional benefits, including high levels of monounsaturated fats, vitamins, and antioxidants, contribute to its appeal as an ingredient that supports heart health and overall well-being. This has led to its incorporation into smoothies, nutritional shakes, and specialty beverages catering to the wellness market.
  • The avocado oil market's growth in food and beverages is bolstered by increasing consumer awareness of the health benefits associated with avocado oil consumption. As consumers prioritize healthier dietary choices, the demand for natural, nutrient-dense oils like avocado oil continues to rise, driving innovation and expansion within the market.

Avocado Oil Market Regional Insights:

North America is Expected to Dominate the Market Over the Forecast Period

  • North America has become a leading presence in the avocado oil industry, propelled by growing consumer recognition of its health advantages and wide range of uses in cooking. The increasing need for healthy, natural oils in the food and cosmetic sectors is driving strong market growth in the region. Avocado oil has become popular with health-conscious consumers looking for alternatives to traditional cooking oils due to its high monounsaturated fat content and nutrient-rich profile.
  • The popularity of avocado oil has greatly increased in the United States and Canada because of its heart-healthy benefits and ability to be used in a variety of cooking methods such as high-heat cooking and salad dressings.
  • The oil is now found in personal care items due to its moisturizing and antioxidant qualities, going beyond just being used in kitchens. This double capability has also driven growth in the market on both physical and digital platforms.
  • In North America, the avocado oil market offers a variety of products including pure, virgin, and blended oils designed for specific culinary or skincare purposes. This range of products appeals to a broad range of people, from professional chefs searching for high-quality oils to health-conscious individuals in search of natural beauty products.

Active Key Players in the Avocado Oil Market

  • Bella Vado (USA)
  • Chosen Foods (USA)
  • La Tourangelle (USA)
  • Olivado (New Zealand)
  • Avocado Oil New Zealand (New Zealand)
  • Kenya Avocado Farms (Kenya)
  • Olivado Ltd. (Kenya)
  • Tron Hermanos S.A. (Chile)
  • Westfalia Fruit (South Africa)
  • Crofts Ltd (New Zealand)
  • SESAJAL S.A. de C.V. (Mexico)
  • Proteco Oils (Australia)
  • Tophat Provisions (USA), and another major player

Key Industry Developments in the Avocado Oil Market:

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.

In February 2024, Chosen Foods launched its Chocolate Hazelnut Spread, a healthier alternative to traditional spreads, made with 100% pure avocado oil instead of palm oil. Featuring hazelnuts as the primary ingredient, this indulgent treat boasted 40% less sugar than its leading counterparts. The spread was crafted with simple, clean ingredients to appeal to health-conscious consumers looking for a guilt-free option. Whether spread on toast, used as a dip, or enjoyed straight from the spoon, Chosen Foods' Chocolate Hazelnut Spread aims to satisfy cravings while maintaining nutritional integrity. 

Global Avocado Oil Market

Base Year:

2023

Forecast Period:

2024-2032

Historical Data:

2017 to 2023

Market Size in 2023:

USD 638.02 Bn.

Forecast Period 2024-32 CAGR:

6.03 %

Market Size in 2032:

USD 1080.67 Bn.

Segments Covered:

By Type

  • Extra Virgin Oil
  • Virgin Oil
  • Pure/Refined Oil
  • Blend

By Variety

  • Gwen, Hass
  • Lamb Hass
  • Zutano
  •  Fuerte
  • Pinkerton
  • Bacon

By Distribution Channel

  • Business to Business
  • Business to Consumer

By Application

  • Food and Beverages
  • Pharmaceuticals and Medicinal Formulations
  • Personal Care and Cosmetics

By Region

  • 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, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

Frequently Asked Questions

What would be the forecast period in the Avocado Oil Market research report?

The forecast period in the Avocado Oil Market research report is 2024-2032.

Who are the key players in the Avocado Oil Market?

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) Tron Hermanos S.A. (Chile) Westfalia Fruit (South Africa) Crofts Ltd (New Zealand) SESAJAL S.A. de C.V. (Mexico) Proteco Oils (Australia) Olivado Ltd (Kenya) Tophat Provisions ( USA), and Other Major Players.

What are the segments of the Avocado Oil Market?

The Avocado Oil 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.).

What is the Avocado Oil Market?

Avocado oil, derived from the fruit of Persea americana, boasts a naturally low acidity that contributes to its high smoke point. With an impressive tolerance to heat, unrefined avocado oil can safely reach temperatures up to 480 °F (249 °C). This makes it a versatile choice for a wide range of high-heat cooking methods such as baking, stir-frying, deep-frying, searing, barbecuing, roasting, and sautéing.

How big is the Avocado Oil Market?

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.

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