Avocado oil is obtained from the pulp of the avocado fruit. It is a rich source of proteins, lecithin, potassium, beta carotene, essential minerals, and vitamins A, D, and E. It is used in the manufacturing of soaps and moisturizers on account of its emollient and emulsifying properties. Apart from this, it is employed in the cosmetics industry, owing to its higher skin penetration rate as compared to other types of oil, such as almond, corn and olive.
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Avocado oil is widely used in the preparation of salad dressing, bakery items and frozen desserts. This, along with the burgeoning food and beverage (F&B) industry, is impelling the global avocado oil market growth. Furthermore, the increasing prevalence of skin-related problems and cardiovascular diseases are catalyzing the demand for avocado oil around the world. Besides this, individuals across the globe are increasing their expenditure on cosmetics and personal care products on account of high-income levels and the rising influence of social media. This is expected to propel the market growth in the coming years.
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.
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Global Avocado Oil Market Segmentation:
Market Breakup by Product Type
- Extra-Virgin Oil
- Refined Oil
Market Breakup by Region
- North America
- Asia Pacific
- Middle East and Africa
- Latin America
Market Breakup by Application
- Food and Beverages
Market Breakup by Distribution Channel
- Business to Business
- Business to Consumer
Some of the leading players operating in the market are 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 (NASDAQ: HAIN), Da Gama Avocado Oil, Cate de mi Corazón, Tron Hermanos, Proteco Oils, Westfalia & Aconcagua Oil & Extract
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