Avocado oil is obtained from the fruit of the Persea americana plant and is considered a healthy cooking oil due to the presence of oleic acid and plant sterols. It is used as a substitute for butter and other oils in various food applications owing to its distinct flavor and nutritional profile.

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 7.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

Rising demand for avocado oil is driven by increased awareness about its health benefits compared to other cooking oils. Research studies show that the monounsaturated fats present in avocado oil help reduce LDL (bad) cholesterol and triglyceride levels. Additionally, it contains antioxidants lutein and zeaxanthin that support heart and eye health. The oil is also a rich source of vitamins E, K, and B6 that aid nourishment of hair and skin. Growing prevalence of diseases like diabetes and cardiovascular issues is prompting consumers to opt for healthy cooking oils like avocado oil. This rising demand is acting as a key trendaccelerating the avocado oil market growth over the forecast period.

Segment Analysis

Avocado oil has significant demand for culinary applications such as dressings, dips, spreads, and marinades. The increasing popularity of avocados as a superfruit and the associated health benefits are driving the avocado oil market. Refined avocado oil dominates the market due to its neutral taste and high smoke point. This allows it to be used for various cooking purposes where olive oil cannot be used.

Key Takeaways

The Global Avocado Oil Market Share is expected to witness high growth over the forecast period of 2023-2030. 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 7.8% over the forecast period 2023 to 2030.

Regional analysis

The North American region dominates the global avocado oil market due to growing consumer preference for plant-based oils and awareness about the health benefits of avocado oil. California and Mexico are the largest producers of avocados in the world. Mexico produces over 1.8 million tons of avocados annually making it the fastest growing and dominating regional market.

Key players

Sesajal S.A. de C.V. is one of the leading producers and distributors of avocado oil in the global market. Olivado is another prominent player specialized in cold-pressed avocado and olive oils. Grupo Industrial Batellero S.A. de C.V is a Mexican corporation engaged in avocado production and marketing avocado oil globally. YASIN and Tron Hermanos SA de CV are Mexican manufacturers focusing on exports of avocado and avocado oil.
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