The avocado oil market is expected to
gain considerable growth across the assessment period of 2017-2025, owing to
their exceptional nutritional content presence. The use of avocado oil in
cooking and hair and skincare solutions will bring promising growth. In
addition, it is rich in texture and tastes good. All these factors bring
tremendous growth opportunities for the avocado oil market.
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Avocado oil is directly extracted
from the pulp of avocado fruit, instead of seed, like other oils. Most fruits
primarily contain carbohydrates; however, avocado is high in fiber, potassium,
possesses rich texture, healthy fats, good flavor, and guacamole. Pulp of the
avocado fruit consists of about 30% oil, which is majorly composed of 20
different vitamins including vitamin K, C, E, B5, B6, omega 9 fatty acid, and
oleic acid. Avocado oil is used in cooking oil and hair and skin care solutions
due to its proven powerful health benefits. There are various types of
avocados, which vary according to shape, from pear-shaped to round or and from
green to black colored avocado; however, a highly popular type is the Hass
avocado. Avocadoes do not contain any sodium or cholesterol, and they further
helps reduce blood triglycerides, LDL (Low Density Lipoprotein) cholesterol and
HDL (High Density Lipoprotein) cholesterol levels significantly.
Factors such as positive perception
among health experts and consumers, nutrient rich composition, and rising
awareness about healthy lifestyle are some of the factors which are expected to
drive the global avocado market during the forecast period. Significant rise in
health issues such as heart diseases and chronic diseases arising from substantial
consumption of high fat butter and oils is boosting the demand for healthy
oils. Some beneficial properties of avocado oils such as an optimum level of
antioxidants and good fatty acids are the primary reasons for health experts to
recommend its consumption. Furthermore, the availability of avocado all year
round provides it with a competitive advantage to sustain demand all year. A
major factor which is likely to hamper the market is the price of avocado oil.
Avocado oils are marginally expensive, especially in developing countries,
which is expected to hinder the adoption of avocado products. A major trend
observed in market is mixing of flavored avocado oil with natural edible oils
including almond oil, olive oil, safflower oil, coconut oil, grape
seed oil, and shea butter. The mixture is blended in such a way that,
characteristics of each oil can complement each other.
The global avocado oil market can be
segmented based on type, variety, application, and region. Owing to the
presence of numerous varieties of avocados, oil can be extracted from various
sources. Therefore, based on variety, the market can be classified into Hass,
Pinkerton, Gwen, Lamb Hass, Bacon, Zutano, Fuerte, and others. The Hass segment
is expected to hold a significant share of the market share during the forecast
period due to its considerable popularity and major health benefits. In terms
of type, the avocado oil market can be segregated into extra-virgin oil, virgin
oil, pure oil, and blends oil. Extra-virgin oil is extracted from superior
quality avocado fruits at low temperatures without the addition of any chemical
additives. Extra-virgin oil is of highest quality among all four type. Based on
application, the market can be classified into personal care products, cooking,
medicinal products, and others. Avocado oil is an ideal choice as frying oil
while cooking due to its high smoking point. In terms of region, the global
avocado oil market can be segmented into North America, Europe, Middle East
& Africa, Asia Pacific, and South America. Developed regions, including the
U.S. and Western Europe where awareness and price are not major concerns, are
expected to witness strong demand for avocado oil. Countries in South America
including Dominican Republic, Chile, Peru, Mexico, Brazil, and Colombia
are major producers of avocado in the world.
