The avocado oil market was valued at US$ 669.5 Million in 2018 and is projected to reach US$ 1,452.2 Million by 2027; it is expected to grow at a CAGR of 9.1% from 2019 to 2027.

Avocado oil is edible product used in various food recipes, salad dressings, bakery items, and sweet and savory snacks. It is also used in personal care and cosmetics products owing to its moisturizing and regenerative properties. The oil has high monounsaturated fat and low saturated fat content, and it is free of cholesterol. Avocado oil is highly preferred by people with diabetes as regular consumption of this oil helps lower low-density lipid (LDL), i.e., bad cholesterol, levels. Avocado oil is high in vitamin E and potassium, which keep the blood vessels healthy by eliminating free radicals. The consumption of food prepared using avocado oil also alters the levels of essential fatty oils in kidneys.

The global avocado oil marketis concentrated with a few well-established players; these companiesare Aconcagua Oil & Extract S.A.;Avocado Health Limited;Crofts Ltd, Bella Vado, Inc.;La Tourangelle, Inc.;Madana Inc.;Mevi Avocados, Inc;Olivado USA;Sesajal S.A de C.V.; and Spectrum Organics Products, LLC (Hain Celestial Group, Inc.); among others.

Avocado oil is gaining high traction due to the rising awareness about its health benefits. This oil is also high on antioxidants and healthy fats. ~70% of avocado oil consists of heart-healthy oleic acid, i.e., monounsaturated omega-9 fatty acid. Various studies show that avocado oil helps in reducing blood pressure and blood cholesterol levels. It is a rich source of lutein, a carotenoid naturally found in human eyes. Thus, the consumption of this oil improves eye health and lowers the risk of acquiring age-related eye diseases. A recent study found that adding avocado oil to a salad with carrots, romaine lettuce, and spinach, enhances the absorption of carotenoids in the human body.

The COVID-19 pandemic originated in Wuhan (China) in December 2019, and since then, it has spread across the globe at a fast pace. The US, Brazil, India, Russia, Italy, China, Spain, France and Germany are among the worst-affected countries in terms confirmed cases and reported deaths as of June 2020. The pandemic has affected economies and industries due to enforced lockdowns, travel bans, and business shutdowns. Chemical and materials is one of the world’s major industries suffering serious disruptions such as supply chain breaks, technology events cancellations, and office shutdowns as a result of this outbreak. The global economic break down due to COVID-19 is also affecting the growth of the Avocado Oil market growth due to shutting down of factories and obstacles in supply chain.

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.

Contact Us:

The Insight Partners,
Phone: +1-646-491-9876
Email: sales@theinsightpartners.com