Future Market Insights
Avocado oil is monounsaturated oil that is derived from the pulp of avocado, it is also known as Persea Americana. This oil is said to have umpteen numbers of benefits for the mankind. It is rich in oleic acid, which is an omega 9 fatty acid. The rising number of patients with high cholesterol levels is predicted to increase the demand for avocado oil. Thus, resulting in the growth of the global avocado oil market.
High Smoking Point to Increase Demand
The Avocado oil is blessed with the high smoking point property because it is rich in monounsaturated fats. So, when it is drizzled onto the frying pans, it does not lose the nutrients. It just glides through when it is added in salad dressings. It adds a lot of finesse to food. Thus, the food service providers such as cafes, restaurants, and hotels are expected to increase the demand for avocado oil, owing to the robust expansion of the global avocado oil market.
Skin Care Properties to Strengthen Market
Avocado oil provides excellent moisturizing properties to skin. This oil is used in making of many creams, soaps, and various other skin and hair products. It is also used by pharmaceutical companies in making of external creams and lotions to alleviate inflammation resulting from skin disorders such as eczema and psoriasis.
Some studies reveal that consumption of avocados can help in reducing age spots by increasing elasticity of skin. However, there is no study that claims the same effect can be obtained by using avocado oil.
The rising demand from many companies of personal care industry is expected to propel the expansion in the global avocado oil market.
Avocado oil is a monounsaturated oil that is extracted from the pulp of the avocado fruit. It differs from most other cooking oils in the fact that it is directly taken from the fruit rather than the seed. Avocado fruit consists of about 30% oil and is majorly composed of oleic acid, an omega 9 fatty acid. Avocado oil boasts of a wide range of benefits that go beyond its role as a cooking oil to include skin and hair care solutions. Much of these benefits are centered on the fact that avocado oil has the highest concentration of vitamins (A, D and E), potassium and monounsaturated fats.
Market Dynamics of Avocado Oil Market:
Avocado oil market is influenced by its nutrient- rich composition and the positive perception among both consumers and health experts. Certain of avocado oils properties such as good fatty acid profile, an optimum level of antioxidants and a high smoke point also contribute to its growth. The nutrient rich composition is particularly useful with regard to the ever-increasing demand for natural and healthy foods. Some of the health benefits attributed to avocado include cholesterol control wherein an avocado-enriched diet has shown to reduce the bad or LDL cholesterol levels, control of Osteoarthritis and psoriasis. These uses make avocado oil particularly useful for people suffering from high blood pressure and other heart ailments. The fruit also has a low glycemic index, a metric of how quickly a food raises the blood sugar level, making it an attractive product for diabetics.
The other major advantage of avocados is their year-round availability. Due to the growing trade relations among nations, particularly with the Latin American countries, avocados are available in almost all seasons. This fact presents major competitive advantage and helps in sustaining the demand.
A constraining factor in the avocado oil market is its price. The relative price of food products is an important variable in determining whether a food product will be purchased or not. Avocado oil is slightly on the costlier side and this presents problems particularly in the emerging markets.
Market Segmentation of Avocado Oil Market:
The avocado oil is segmented on the basis of varieties, type, application, distribution channel and region.
Avocado oil can be extracted from a wide variety of sources due to the presence of numerous varieties of avocados. The most used and cultivated avocados include Hass, Fuerte, Zutano, Bacon, Lamb Hass, Gwen, Pinkerton, and Reed. Fuerte, Zutano, and Bacon are often referred to as Mexican varieties owing to the region's export of these varieties. Hass remains the most popular type and occupies major market share in the US and global markets.
On the basis of type, avocado oil is of four types. These include extra- virgin oil, virgin, pure (refined) and blends. Extra virgin avocado oil is the highest quality product and is extracted from superior quality fruits at low temperatures. Extra-virgin implies that the oils are extracted at the first cold press and no chemical additives are used in the extraction process. The quality of fruit is not stressed upon in the pure and blend avocado oils. Pure or refined oils may contain added natural herbs and fruit extracts.
On the basis of application, the market is segmented into various segments including cooking, personal care products, medicinal products and others. Due to its high smoke point, avocado is an ideal oil for frying. A high smoke point indicates that the oil doesn’t let out smoke until boiled at very high temperatures. Avocado oils are also reported to help in the growth of hair and as such are used in various hair care products. Its positive impact on skin makes it an important ingredient in skin care products.
On the basis of distribution, hypermarkets/supermarkets remain the dominant segments. This is due to the fact that the major uses of avocado are centered on cooking. Beauty stores also offer significant product sales owing to the products use in various cosmetic and personal care products. Given the fact that many small-scale producers are entering the market, online sales represent a growing channel with low entry barriers.
Regional Outlook of Avocado Oil Market:
The demand for avocado oil is high in the developed regions, areas where price and awareness are not much of a concern. The market has witnessed a rebound in the US owing to increasing promotion of avocado health benefits. The EU represents an important market for avocado oil, with Germany occupying the dominant share. Certain Asian countries such as Malaysia, Japan, and South Korea are also major demand centers.
On the production side, Latin America dominates the avocado oil market. Mexico, Peru, Chile, Dominican Republic, Colombia, and Brazil are major avocado producing regions in the world. In the Asia region, Indonesia is a major producer. Apart from these regions, the US is also a major producer of avocados and avocado oil. In the US, avocado production is mainly concentrated in the state of California.
Key Market Players in Avocado Oil Market:
Some of the key players in the avocado oil market include Olivado, Sesajal, Yasin, Grupo Industrial Batellero, The Village Press, Tron Hermanos, etc.
The report covers exhaustive analysis on:
Avocado Oil Market Segments
Avocado Oil Market Dynamics
Historical Actual Market Size, 2013 - 2015
Avocado Oil Market Size & Forecast 2016 to 2026
Supply & Demand Value Chain
Avocado Oil Market Current Trends/Issues/Challenges
Competition & Companies involved
Avocado Oil Market Drivers and Restraints
Regional analysis for Avocado Oil Market includes
U.S. & Canada
Brazil, Argentina & Others
Australia and New Zealand
Rest of Asia Pacific
Middle East and Africa
Other Middle East
MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.
The report provides the following information:
The main aim of the report is to:
MRR.BIZ is a leading provider of strategic market research. Our vast repository consists research reports, data books, company profiles, and regional market data sheets. We regularly update the data and analysis of a wide-ranging products and services around the world. As readers, you will have access to the latest information on almost 300 industries and their sub-segments. Both large Fortune 500 companies and SMEs have found those useful. This is because we customize our offerings keeping in mind the specific requirements of our clients.