According to the global avocado oil market research report by IMARC Group, the market reached a value of US$ 484.6 Million in 2020. Looking forward, the market is expected to continue its moderate growth during the next five years.
Avocado oil is an edible oil that is pressed from the pulp of avocados. It contains high levels of oleic acid, which is a monounsaturated omega-9 fatty acid that has been proven healthy for the heart. It is also a rich source of essential minerals, beta carotene, protein, potassium, lecithin, and vitamins A, D, and E, along with small amounts of polyunsaturated fat.
Apart from the food and beverages industry, it forms an essential part of the cosmetic industry owing to its antioxidant and anti-inflammatory properties. When applied on the skin, it calms itchiness, heals chapped areas, treats acne, replenishes dryness, prevents blemishes, reduces signs of aging, increases collagen metabolism and shields the skin from ultraviolet damage.
The growing awareness about the rich nutritional profile of avocado oil is one of the key factors driving the market. With the rise health-consciousness across the globe, consumers are now inclined toward incorporating healthy ingredients in their daily dietary habits.
Furthermore, hectic lifestyle has significantly reduced physical activeness, thus resulting in the emergence of various lifestyle diseases.
In order to combat this, consumers are increasingly replacing butter and vegetable oil containing high concentrations of saturated fats with avocado oil, which has a higher content of beneficiary fatty acids.
Browse full report with detailed TOC and list of figures and tables: https://www.imarcgroup.com/avocado-oil-market
In addition to this, the rising popularity of organic skin care and personal care products is contributing to the sales of carrier oils, thus further augmenting the demand for avocado oil.
Note: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Market Breakup by Product Type
1. Extra-Virgin Oil
2. Refined Oil
Market Breakup by Region
1. North America
3. Asia Pacific
4. Middle East and Africa
5. Latin America
Market Breakup by Application
1. Food and Beverages
Market Breakup by Distribution Channel
1. Business to Business
2. Business to Consumer
Some of the leading players operating in the market are:
Grupo Industrial Batellero
The Village Press
Chosen Foods LLC
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