Major avocado oil market participants include Now Foods, Primal Kitchen, Chosen Foods, Baja Precious Olivado, and La Tourangelle.
Selbyville, Delaware, June 27, 2023 (GLOBE NEWSWIRE) —
The avocado oil market valuation is estimated to surpass USD 1 billion by 2032, as reported in a research study by Global Market Insights Inc.
The increasing consumer awareness regarding the health benefits of avocado oil, such as high content of monounsaturated fats and vitamins will drive the market expansion. Of late, the popularity of natural and organic food products has substantially grown. Avocado oil offers increased versatility in culinary applications, recording high usage in the cosmetics and personal care sector. Moreover, the expanding rate of avocado production worldwide along with the rising availability of various avocado oil brands and products will augment the industry outlook.
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The avocado oil market from the refined segment is set to witness significant traction through 2032. The versatility of refined avocado oil due to its neutral flavor has increased its preference in cooking, baking, and salad dressings. This avocado oil is a popular choice among health-conscious consumers and professional chefs on account of its high smoke point and health benefits, such as being rich in monounsaturated fats and vitamin E. Furthermore, the growing availability in various packaging options will boost the industry expansion.
Avocado oil market from the cosmetics and personal care application segment is expected to expand at a robust pace through 2032, owing to the increasing consumer preference for natural and organic beauty products. On account of its moisturizing, nourishing, and anti-aging properties, avocado oil has emerged as the sought-after ingredient in various beauty formulations. Additionally, the rising awareness regarding the benefits of avocado oil for improved hair health has led to its inclusion in shampoos, conditioners, and hair treatments, thereby propelling the market demand.
Asia Pacific avocado oil market is projected to record substantial expansion by 2032. The growth can be attributed to the growing urbanization, changing dietary preferences, and rising disposable incomes in the region. Additionally, the booming food industry has steered the higher demand for avocado oil. The presence of a large population base along with the thriving e-commerce sector will influence the regional market revenue.
Some of the leading companies operating in the avocado oil market are Now Foods, Primal Kitchen, Chosen Foods, Baja Precious Olivado, and La Tourangelle, among others.
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Avocado Oil Market News
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In February 2023, Tradin Organic, a global supplier of organic ingredients, showcased its Sunvado avocado oil project in Ethiopia, as part of its continued efforts to deliver sustainable, traceable ingredients to suppliers.
Partial chapters of report table of contents (TOC):
Chapter 2 Executive Summary
2.1 Avocado Oil industry 3600 synopsis, 2018 – 2032
2.2 Business trends
2.3 Regional trends
2.4 Product Type trends
2.5 Application trends
2.6 Distribution Channel trends
Chapter 3 Global Avocado Oil Industry Insights
3.1 Impact of COVID-19 outbreak.
3.2 Impact of Russia Ukraine war
3.3 Avocado Oil industry ecosystem analysis
3.4 Industry Ecosystem
3.4.1 Raw material suppliers
3.4.2 Manufacturers
3.4.3 Distributors channel analysis
3.4.4 End-users
3.4.5 Profit margin analysis
3.4.6 Vendor matrix
3.4.7 Distribution & Dealers
3.4.8 Impact of covid-19 on value chain
3.4.9 Technology & innovation landscape
3.5 Patent analysis
3.6 Key news and initiatives
3.6.1 New product launch
3.6.2 Partnership/collaboration
3.6.3 Merger/acquisition
3.7 Pricing analysis
3.8 Regulatory landscape
3.8.1 North America
3.8.2 Europe
3.8.3 Asia Pacific
3.8.4 Latin America
3.8.5 MEA
3.9 Industry impact forces
3.9.1 Growth drivers
3.9.1.1 Growing popularity of natural and organic products
3.9.1.2 Rising demand in the cosmetics industry
3.9.1.3 Expansion of the food industry
3.9.2 Industry pitfalls & challenges
3.9.2.1 Quality control and consistency
3.10 Growth potential analysis
3.11 Porter’s analysis
3.12 PESTEL analysis
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Read More: Avocado Oil Market to exceed $1 Bn by 2032, Says Global Market Insights Inc.