Avocado Oil Market Worth 210 Million USD By 2023 | CAGR 2.4%

Avocado oil is edible oil pressed from the fruit of the avocado. As food oil, it is used as an ingredient in other dishes, and as cooking oil. It is also used for lubrication and in cosmetics, where it is valued for its supposed regenerative and moisturizing properties.
Avocado oil is edible oil pressed from the fruit of the avocado. This oil contains a high level of monounsaturated fat oleic acid and smaller amounts of polyunsaturated fat. It is also used to make edible oil and cosmetics & skin care products, etc. Avocado oil used in cosmetics & skin care products is lower than that of edible oil. In 2017, edible oil used avocado oil took a share of 64.61%.
There are three kinds of avocado oil, extra virgin avocado oil, refined avocado oil and crude avocado oil. Refined avocado oil is odorless, pale yellow oil, which is extracted from the avocado with an expeller-press. Extra virgin avocado oil is extracted from pressing avocados and then filtering it, which has strong avocado aroma, with a green color. Generally, price of refined avocado oil is much higher than that of extra virgin avocado oil. Also, refined avocado oil’s gross margin is higher than extra virgin avocado oil’s.
Avocado oil production is limited by avocado production. Also avocado oil manufacturers are close to avocado growing areas. They mainly concentrated in Mexico, South America, United States, Africa and Austria In 2017, North America avocado oil production took 50.36% of global production. South America ex. Peru and Asia separately took 16.43% and 8.29% in 2017. In 2017, Peru takes 6.03% of Global production, reaching 953 MT.

Over the next five years, Planet Market Reports projects that Avocado Oil will register a 2.4% CAGR in terms of revenue, reach US$ 210 million by 2023, from US$ 180 million in 2017.

This report presents a comprehensive overview, market shares, and growth opportunities of Avocado Oil market by product type, application, key manufacturers and key regions.

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To calculate the market size, Planet Market Reports considers value and volume generated from the sales of the following segments:

Segmentation by product type:

Refined Avocado Oil
Extra Virgin Avocado Oil
Crude Avocado Oil

Segmentation by application:

Edible Oil
Cosmetics & Skin Care Products
Others

This report also splits the market by region:

Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

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The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The Key Manufacturers covered in this report:

Sesajal
Yasin
Bella Vado
Chosen Foods
Grupo Industrial Batellero
La Tourangelle
Avoolio
Ahuacatlan Avocado Oil
Mt. Kenya Fresh Avocados
Kevala
Bio Planete
Hain Celestial Group
Da Gama Avocado Oil
Cate de mi Corazón
Tron Hermanos
Proteco Oils
Westfalia
Aconcagua Oil & Extract
Olivado
Grove Avocado Oil
AvoPure
Village Press
Kahangi Estate
Rain Africa

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In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives:

To study and analyze the global Avocado Oil consumption value & volume by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Avocado Oil market by identifying its various subsegments.
Focuses on the key global Avocado Oil manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Avocado Oil with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market growth potential, opportunities, drivers, industry-specific challenges and risks .
To project the consumption of Avocado Oil submarkets, with respect to key regions along with their respective key countries .
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

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