Avocado Oil Market Sales | Industry Trends and Analysis, Forecast to 2024
Research Reports
Jan 12, 2021
Market Insight
Avocado oil is edible mono-unsaturated fat extracted from avocado fruit. Avocado fruit is rich in oleic acid and omega 9 fatty acid. Apart from its application in cooking, it is also used in other vital applications like cosmetics, owing to high vitamin E and K content, aiding in skin problems like acne, dry skin, wrinkles, and heel cracks. Avocado oil is usually available in the market in different variations like crude, refined, virgin and extra-virgin.
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Major Key Players Trend
This report includes a study of strategies such as mergers, acquisitions, and product launches by the major avocado oil players. It further includes product portfolios, developments of leading players, which includes
Some of the key players profiled in the Global Avocado Oil Market are ACADO (Singapore), Sesajal S.A. de C.V. (Mexico), AMD Oil Sales LLC (U.S.), Bella Vado (U.S.), Chosen Foods LLC (U.S.), Olivado Ltd (New Zealand), Avoolio (Mexico)
Segments
Avocado oil is segmented based on type which includes Virgin Avocado Oil, Crude Avocado Oil and extra virgin avocado oil. In this segment, extra virgin avocado oil is dominating the market. Extra virgin avocado oil is of the finest quality which is extracted from the superior quality avocado fruits. Extra-virgin avocado oil is extracted by cold-press method at low temperatures and it does not contain any chemical additives. Furthermore, high consumption of extra virgin oil owing to its health attributes is driving the growth in this segment.
Based on application, the Avocado Oil Market is segmented in Personal Care Products, Cooking/Culinary, Medicinal Products and others. Among all the applications, cooking/culinary is dominating the market due to its high smoke point which make it suitable to be used in cooking methods operating at high temperatures, for example, frying. However, the demand for avocado oil in personal care products is anticipated to experience a high demand from consumers owing to skin and hair health benefits.
Regional Analysis
Moreover, amplified amount of chronic diseases and other health hitches have a positive impact on the demand for healthy oils in country like China and India, in Asia Pacific region. Also, high focus on R & D in avocado oil extraction process to improve the oil quality, which is likely to support the market for avocado oil at the global level.
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