Avocado Oil Market Statistics, Trends, Business Strategy, Segmentation Analysis
Posted by MRFRresearch on April 8th, 2020
Based on region, the Global Avocado Oil Market covers growth opportunities and latest trends across North America, Europe, Asia Pacific and Rest of the World. Of these, North America rules the avocado oil market due to the high consumption of avocado oil owing to the different health benefit that it offers. The US dominates the market in this region due to high avocado fruit production. Europe holds the second largest share and Germany is held accountable for the maximum share in the avocado oil market in Europe. Also, increase in chronic disease as well as other health issues possess a positive impact on the demand for health avocado oils in countries such as India and China and in the Asia Pacific region too. Moreover, high emphasis on the Research and Development in the process of avocado oil extraction to augment the oil quality is predicted to support the avocado oil market at the global level.
The avocado oil market has created a niche for itself and for good reasons. It is expected to have a remarkable growth at a splendid 13.5% CAGR over the forecast period (2017-2023). Avocado truly has something which is why the world cannot stop gushing regarding it. It is an extremely healthy fruit that one can add to their daily diet for eye health, weight loss and a healthy heart irrespective of this fruit having excess fat content. This is indeed a fatty fruit yet by no means has mar its reputation one bit solely because it contains good fats. The oil extracted from this fruit is used in numerous applications such as medicinal, personal care and cosmetics. Avocado oil has gained enough significance especially in medical applications due to the multiple perks that it offers such as high source of vitamin E, increased rate of healing wounds, improves skin glow, carries out detoxification, improve heart health and reduce weight. This oil is monosaturated fatty acid that is available in both non-edible and edible forms and comes in three variations- crude, extra-virgin and refined.
There are many factors that has surged the demand and growth of the avocado oil market. Some of the market trends and factors in this market as per an analysis conducted by Market Research Future (MRFR) include increasing awareness of healthy lifestyle, nutrient rich composition, positive perception amid consumers and health experts, significant increase in health ailments such as chronic and heart diseases resulting from high consumption of oil and fat butter and its availability all through the year. But a key factor that is likely to restrict the growth of the market is its price. Avocado oils are expensive particularly in developing countries.
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Leading players profiled in the avocado oil market include Avoolio (Mexico), Olivado Ltd (New Zealand), AMD Oil Sales LLC (US), ACADO (Singapore), Sesajal S.A. de C.V. (Mexico), Chosen Foods LLC (US) and Bella Vado (US).Also See: Avocado Oil, Oil Market, Segmentation Analysis, North America, Oil, Market, Avocado
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