Global Avocado Oil Market Report by Type (Extra Virgin Oil, Virgin Oil, Refined Oil, and Blends), Animal Type (Food and Beverages, Cosmetics and Personal Care, Pharmaceuticals, and Others), Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, Convenience Stores, Online Stores, and Others), Region and Company Analysis 2024-2032

Global Avocado Oil Market Size

Key growth drivers for the global avocado oil market

Rising Health Consciousness Among Consumers

Growing health awareness among consumers is a major driver for the avocado oil market. As people become more conscious of their dietary choices, they are seeking healthier cooking oils that offer nutritional benefits. Avocado oil is rich in monounsaturated fats, vitamins, and antioxidants, making it a favored choice among health-conscious individuals. Its potential to support heart health and reduce cholesterol levels further enhances its appeal. Additionally, the increasing trend of incorporating superfoods into diets has led consumers to explore avocado oil as a versatile ingredient in various culinary applications, including dressings, marinades, and cooking.

Growing Demand for Natural and Organic Products

The rising demand for natural and organic products significantly boosts the avocado oil market. Consumers increasingly avoid artificial additives and seek clean-label options that align with their health and wellness goals. Avocado oil is perceived as a natural alternative to synthetic oils, making it highly sought after in food and cosmetics. This trend is powerful among millennials and Generation Z, who prioritize sustainability and ethical sourcing. Manufacturers are responding to this demand by offering high-quality, organic avocado oil products, further driving market growth as they cater to a discerning consumer base that values transparency and quality.

Global Avocado Oil Market Trends

The demand for plant-based merchandise is increasing, leading to an increase within the avocado oil market. Avocado oil is famous for cooking because it contains excessive protein, fiber, vitamins, minerals, and antioxidants. People are increasingly health-conscious and like natural and healthy ingredients, which contributes to the growth of the avocado oil market. According to the latest Gallup poll, four percent of Americans are vegetarian, and 1% are vegan.

Avocado oil has become increasingly popular due to its many advantages. It is rich in monounsaturated fat and antioxidants that promote heart health reduce irritation and decrease cholesterol levels. According to the World Heart Federation, cardiovascular illnesses continue to affect over half a billion humans globally, causing 20.5 million deaths. Additionally, avocado oil contains vitamins, minerals, and different antioxidants that improve well-being. About 70% of avocado oil is made up of oleic acid, a monounsaturated omega-9 fatty acid right for the heart. Most research indicates that a weight-reduction plan rich in unsaturated fat can help enhance health and might reduce the hazard of persistent illnesses such as dementia and heart sickness.

The avocado oil market is growing because it's a popular ingredient in cosmetics and personal care merchandise due to its nourishing properties. Rich in vitamins A, D, and E, it hydrates and rejuvenates skin and hair, providing softness and elasticity. Its non-greasy texture and penetrating capability make it ideal in moisturizers, serums, and hair treatments. For instance, in 2023, Mielle launched the four-step Avocado & Tamanu Anti-Frizz System for textured hair.

Manufacturers are using superior technology to enhance avocado oil's dietary value, which is anticipated to force demand for this product globally. Production efficiency is expected to strengthen as technology develops, promoting economic stability. Modern technology is vital in boosting manufacturing quality, from drone monitoring on farms to advanced cold-press strategies. Alfa Laval, for example, has advanced an innovative cold-pressed avocado oil manufacturing technique that can be used in high-value food merchandise. All that is required is a unique washing, de-stoning, and de-skinning section for avocados. At the same time, all other extraction stages may be dealt with by the preferred high-tech Alfa Laval olive oil processing system.

Segment Insight

Avocado oil of the extra-virgin type is expected to be among the leading contenders in the global market

Extra virgin avocado oil might dominate the worldwide market because of its superior high quality and health benefits. It retains the highest vitamins and antioxidants with minimal processing, making it especially well-liked for culinary and personal care applications, driving its prominence within the industry. In April 2023, California Olive Ranch released a new line of eco-friendly aluminum bottles. These fully recyclable bottles are their most miniature and lightweight, increasing their dedication to sustainability and quality. The brand aims to offer a more affordable price factor for its best-selling top-class olive oil. They are to be had online and in stores nationally.

Avocado oil is expected to significantly increase demand for food and beverage applications in the global market

Due to the oil's versatility and fitness advantages, food and beverages are anticipated to be one of the significant applications in the global avocado oil market. Avocado oil complements diverse dishes' taste and nutritional profile, making it a favored preference for cooking, salad dressings, dips, and marinades, driving its considerable adoption in the food enterprise.

Regional Insights

North American Avocado Oil Market

The North American avocado oil market is experiencing robust growth, driven by increasing health awareness and demand for natural cooking oils. Consumers favor avocado oil for its health benefits, versatility in culinary applications, and clean-label appeal. The trend toward healthier lifestyles further fuels the market's expansion in the region.

United States Avocado Oil Market

The United States may lead the avocado oil market. This is attributed to its sturdy client base and increasing choice for natural and healthful food merchandise. Furthermore, the USA's well-established food industry and high demand for connoisseurs and health-conscious ingredients bolsters the avocado oil market share. In America, some essential competition inside the avocado market is always centered on expanding their product offerings. For instance, Nuco, a US-based producer, has added a Vegan Coconut Avocado Mayo that mixes the dietary advantages of coconut and avocado oils with the taste of conventional mayonnaise. This new product affords a more healthy and flavorful alternative to traditional mayonnaise. April 2022: The California Avocado Commission has launched a campaign to promote the health benefits of avocado oil.

Europe Avocado Oil Market

The European avocado oil market is expanding rapidly, driven by rising consumer demand for healthy and natural food products. Increasing awareness of the health benefits of avocado oil and its versatility in cooking and beauty applications is propelling market growth as consumers seek cleaner and more sustainable options.

Germany Avocado Oil Market

The avocado oil market in Germany is witnessing significant growth, driven by rising health consciousness and the demand for natural food products. German consumers increasingly opt for avocado oil due to its rich nutritional profile, including healthy monounsaturated fats, vitamins, and antioxidants. Incorporating superfoods into diets is further boosting its popularity, with avocado oil used in cooking, baking, and salad dressings. Additionally, its beauty and personal care applications are expanding as consumers seek natural and organic ingredients for skincare products. The market is expected to grow as awareness of avocado oil’s benefits spreads. In 2023, Gustav Heess Oleochemische Erzeugnisse GmbH expanded avocado oil production capacity in Germany to meet increasing demand in Western Europe.

Asia Pacific Avocado Oil Market

The Asia Pacific avocado oil market is rapidly growing, driven by increasing health awareness and the rising popularity of plant-based diets. Consumers are turning to avocado oil for its nutritional benefits and versatility in cooking. The expanding food industry and demand for natural products further support market growth in the region.

China Avocado Oil Market

The avocado oil market in China is experiencing robust growth, fueled by rising health consciousness and a shift toward healthier cooking oils. Demand is steadily increasing as Chinese consumers become more aware of the nutritional benefits associated with avocado oil, including its high content of monounsaturated fats and antioxidants. The popularity of avocado-based products, such as guacamole and smoothies, also drives interest in avocado oil for culinary use. Additionally, its applications in the cosmetic industry expand as consumers seek natural and organic skincare solutions. This growing awareness and diversification of use are expected to propel the market's growth in China. In August 2024, Spain's Aceites Naturales Del Sur (ANDS) plans to enter the Chinese market, where avocado oil is gaining popularity among the younger population despite the need for increased awareness and availability.

Global Avocado Oil Market Company News

Olivado Group, Grupo Industrial Batellero, The Village Press, Chosen Foods LLC, La Tourangelle, Spectrum Organics, Crofts Limited, Kevala, and Bella Vado Avocado Oil are the organizations present in the global avocado oil market. These businesses focus on product innovation, expanding distribution networks, and strategic partnerships to benefit a competitive area in the market.

• In September 2021 - Butterfly Equity bought a bulk share in Chosen Foods LLC, a producer of kitchen staples made with avocado or avocado oil. The financial details of the deal were kept secret.
• In October 2021 - Jackson's Honest, an American company, introduced new snack options and packaging. The new packaging includes sweet potato chips and three additional flavors: Spicy Tomatillo, Sea Salt, and Carolina BBQ. All the flavors are made with avocado oil and added to the company's original Sea Salt with Coconut Oil chips.
• In March 2022 - Grove Avocado Oil acquired Pressure Foods from Fresh Technologies, a New Zealand food service industry produce supplier. This acquisition will allow Grove to optimize its avocado oil production by using previously discarded parts of the avocado, precisely the previously overlooked flesh.
• In August 2023 - Chosen Foods, the maker of America's top Avocado Oil, is launching Pumpkin Spice Avocado Oil Caviar this season. Made with 100% pure avocado oil and a blend of fall spices, including cinnamon, ginger, nutmeg, and allspice, it's a delicious way to add bold, warming flavors to your favorite dishes.

Type – Market breakup in 4 viewpoints:

1.    Extra Virgin Oil
2.    Virgin Oil
3.    Refined Oil
4.    Blends

Application – Market breakup in 4 viewpoints:

1.    Food and Beverages
2.    Cosmetics and Personal Care
3.    Pharmaceuticals
4.    Others

Distribution Channel – Market breakup in 5 viewpoints:

1.    Polyvalent Anti-Venom Supermarkets/Hypermarkets
2.    Specialty Stores
3.    Convenience Stores 
4.    Online Stores
5.    Others

Country – Market breakup of 25 Countries:

1.    North America

1.1    United States
1.2    Canada

2.    Europe

2.1    France
2.2    Germany
2.3    Italy
2.4    Spain
2.5    United Kingdom
2.6    Belgium
2.7    Netherlands
2.8    Turkey

3.    Asia Pacific

3.1    China
3.2    Japan
3.3    India
3.4    South Korea
3.5    Thailand
3.6    Malaysia
3.7    Indonesia
3.8    Australia
3.9    New Zealand

4.    Latin America

4.1    Brazil
4.2    Mexico
4.3    Argentina

5.    Middle East & Africa

5.1    Saudi Arabia
5.2    UAE
5.3    South Africa

All the Key players have been covered from 3 Viewpoints:

•    Overview
•    Recent Development
•    Revenue Analysis

Company Analysis:

1.    Olivado Group, Grupo Industrial Batellero
2.    The Village Press
3.    Chosen Foods LLC
4.    La Tourangelle
5.    Spectrum Organics
6.    Crofts Limited
7.    Kevala
8.    Bella Vado Avocado Oil

Report Details: