Avocado Oil Market Growth Accelerated By Increasing Health Benefits

 

AVOCADO OIL MARKET
Avocado Oil Market

Avocado oil is extracted from the fruit of Persea Americana tree. It is considered superior to other vegetable oils due to its high monounsaturated fat content. Avocado oil helps improve cholesterol levels, supports weight loss and provides antioxidant properties. The growing health-conscious consumer base is driving the demand for avocado oil. It is used for various culinary applications such as sautéing, stir frying due to its neutral flavor.

The global Avocado Oil Market is estimated to be valued at Us$ 1660.15 Mn in 2023 and is expected to exhibit a CAGR Of 5.7% over the forecast period 2023 To 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends


Growing demand for natural ingredients
The demand for avocado oil is increasing significantly owing to the growing preference for natural ingredients among consumers. Avocado oil contains essential fatty acids and vitamins that provide several health benefits. It contains antioxidants that help reduce inflammation and protect cells from damage. Moreover, avocado oil does not undergo any refining, bleaching or deodorizing process, which makes it a wholesome natural ingredient. The organic and non-GMO certifications of avocado oil are further attracting health-conscious consumers. The awareness regarding the advantages of natural ingredients over chemically processed oils is driving the growth of the avocado oil market.

Segment Analysis


Avocado oil market is segmented by product into extra-virgin oil, virgin oil, and refined oil. Among these, extra-virgin oil dominates the market as it retains the nutritional properties of the oil and provides health benefits without any processing or refining involved. The intense creamy flavor and bright green color make extra-virgin avocado oil a preferred choice.

Key Takeaways


The Global Avocado Oil Market Demand  is expected to witness high growth.

Avocado oil consumption is growing in North America due to increasing health awareness among consumers. The United States accounts for the largest share in the regional avocado oil market owing to rising demand for plant-based oils.

Key players operating in the avocado oil market are Cargill Incorporation, BungeNorth America Inc., Olivado Group, Spectrum Organics Products LLC, SESAJAL S.A. de C.V., The Village Press, Beneo, Tron Hermanos S.A. de C.V., Aconcagua Oil & Extract S.A., and Avenida Foods. Cargill dominates the market with wide geographic presence and diverse product portfolio. Bunge follows in terms of revenue through strategically located production facilities.

Get more insights on this topic :

https://www.insightprobing.com/the-growing-popularity-of-avocado-oil-is-driven-by-its-numerous-health-benefits/

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