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Avocado Oil Market Trends

Report ID: GMI5980
Published Date: Jun 2023
Report Format: PDF

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Avocado Oil Market Trends

The growing adoption of plant-based diets, including vegan and vegetarian lifestyles, has contributed to the rising demand for avocado oil. As consumers seek healthier and sustainable alternatives to animal-based products, avocado oil has gained prominence as a versatile and nutritious cooking oil and ingredient. The demand for natural and organic food products continues to grow, and this trend extends to avocado oil as well. Consumers are increasingly seeking clean-label, minimally processed oils, free from additives and chemicals. Avocado oil, with its natural extraction process and organic variants, fits well with this trend and has gained popularity among health-conscious consumers.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of avocado oil was worth over USD 593 million in 2022 and will cross USD 1 billion by 2032, owing to the increasing consumer awareness about the health benefits of the product which is rich in monounsaturated fats, vitamin E, and antioxidants.

The food & beverages segment held a dominant market share of around 26.2% in 2022 and will grow at a lucrative pace through 2032. Avocado oil is considered a healthier alternative to traditional cooking oils due to its beneficial fat composition.

North America market size will grow tremendously during 2023 and 2032, as the avocado oil, with its perceived health benefits and nutritional profile, aligns well with the growing health-conscious populace of the region, driving the product demand.

Chosen Foods, Olivado, La Tourangelle, Primal Kitchen, Baja Precious, and Now Foods Among Others.