Market Overview:
The global extra virgin avocado oil market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as rising awareness about the benefits of avocado oil, increasing demand for natural and healthy products, and growing trend of using avocado oil in food preparations and cosmetics products. Based on type, the global extra virgin avocado oil market can be segmented into food grade, pharmaceutical grade, and other types. The food grade segment is expected to account for a major share of the global market due to its widespread use in edible oils, salad dressings, sauces & marinades, dips & spreads, bakery items etc. The pharmaceutical grade segment is projected to grow at a higher rate during the forecast period owing to its increasing use in various medical applications such as ophthalmology and dermatology. Based on application, the global extra virgin avocado oil market can be divided into edible oils sector (includes cooking oils), cosmetics & skin care products sector (includes moisturizers/lotions/creams; lipsticks; eye shadows; shampoos; conditioners), and other applications (includes animal feed). The edible oils sector accounted for majority share of the total application segment in 2017 due high consumption rates across different geographies coupled with rising demand for healthier cooking options globally.
Product Definition:
Extra virgin avocado oil is a type of vegetable oil that is extracted from the fruit of the avocado. It has a high smoke point, which makes it ideal for cooking at high temperatures. Additionally, it has a mild flavor and a high level of monounsaturated fats, which makes it beneficial for human health.
Food Grade:
Food grade is the process of classifying oils and fats according to their use in human food. It's basically used for edible purpose, so it can be consumed directly or processed further. Food grade oil is also known as refined oil or culinary oil which can be used for cooking at high temperatures (above 120 degree). The best quality extra virgin avocado oil has a green color and smooth texture without any solid particles present in it.
Pharmaceutical Grade:
Pharmaceutical grade is the highest quality extra virgin avocado oil available in the market. It has been used for cooking, cosmetic and medicinal purposes. Pharmaceutical grade extra virgin avocado oil contains high levels of heart-healthy fats, vitamins and antioxidants which boosts its demand in various pharmaceutical applications such as skin care products, hair care products and medicines among others.
Application Insights:
Edible oil is expected to be the major application segment over the forecast period. The product has a high content of monounsaturated fatty acids, which are considered to be good for cardiovascular health. It also contains smaller amounts of polyunsaturated fatty acids and antioxidants, which makes it an ideal edible oil. Extra virgin avocado oil is commonly used in restaurants, food processing companies and commercial kitchens as it can withstand high temperatures without undergoing any change in color or quality.
The cosmetics & skin care products segment was worth USD 22 million in 2017 owing to increasing demand for natural cosmetic products with no side effects on human skin from individuals looking for anti-aging properties along with improving their skin texture and tone.
Regional Analysis:
Europe was the largest market for extra virgin avocado oil accounting for over 35% of the global revenue in 2016. The region is expected to continue its dominance over the forecast period owing to high consumer awareness regarding health and nutritional benefits coupled with increasing demand from food and cosmetic industries. U.K., Germany, France, Italy are some of the major markets in this region. Asia Pacific is estimated to be fastest growing market at a CAGR of XX% from 2017 to 2030 due to rapid urbanization coupled with rising disposable income especially in India, China and Indonesia among other countries will drive product demand further driving growth forward.
Growth Factors:
- Increasing demand for healthy and nutritious food products is driving the growth of the Extra Virgin Avocado Oil market.
- Rising awareness about the health benefits of consuming Extra Virgin Avocado Oil is another key factor fuelling its growth.
- The increasing popularity of Mediterranean and vegan diets has boosted the demand for Extra Virgin Avocado Oil worldwide.
- Rapid urbanization and changing lifestyles are leading to an increase in consumption of processed foods, which in turn is propelling the growth of the Extra Virgin Avocado Oil market.
Scope Of The Report
Report Attributes
Report Details
Report Title
Extra Virgin Avocado Oil Market Research Report
By Type
Food Grade, Pharmaceutical Grade, Other
By Application
Edible Oil, Cosmetics & Skin Care Products, Other
By Companies
Sesajal, Proteco Oils, Cate de mi Corazón, Da Gama Avocado Oil, Yasin, Grupo Industrial Batellero, Ahuacatlan Avocado Oil, Olivado, Mt. Kenya Fresh Avocados, Village Press, Sesajal, Avoolio, AvoPure, Westfalia
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Extra Virgin Avocado Oil Market Report Segments:
The global Extra Virgin Avocado Oil market is segmented on the basis of:
Types
Food Grade, Pharmaceutical Grade, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Edible Oil, Cosmetics & Skin Care Products, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Sesajal
- Proteco Oils
- Cate de mi Corazón
- Da Gama Avocado Oil
- Yasin
- Grupo Industrial Batellero
- Ahuacatlan Avocado Oil
- Olivado
- Mt. Kenya Fresh Avocados
- Village Press
- Sesajal
- Avoolio
- AvoPure
- Westfalia
Highlights of The Extra Virgin Avocado Oil Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Food Grade
- Pharmaceutical Grade
- Other
- By Application:
- Edible Oil
- Cosmetics & Skin Care Products
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Extra Virgin Avocado Oil Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Extra virgin avocado oil is a type of vegetable oil that is made from pure, cold-pressed avocado fruit. It has a high smoke point and is therefore ideal for use in cooking and baking.
Some of the key players operating in the extra virgin avocado oil market are Sesajal, Proteco Oils, Cate de mi Coraz³n, Da Gama Avocado Oil, Yasin, Grupo Industrial Batellero, Ahuacatlan Avocado Oil, Olivado, Mt. Kenya Fresh Avocados, Village Press, Sesajal, Avoolio, AvoPure, Westfalia.
The extra virgin avocado oil market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Extra Virgin Avocado Oil Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Extra Virgin Avocado Oil Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Extra Virgin Avocado Oil Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Extra Virgin Avocado Oil Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Extra Virgin Avocado Oil Market Size & Forecast, 2018-2028
4.5.1 Extra Virgin Avocado Oil Market Size and Y-o-Y Growth
4.5.2 Extra Virgin Avocado Oil Market Absolute $ Opportunity
Chapter 5 Global Extra Virgin Avocado Oil Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Extra Virgin Avocado Oil Market Size Forecast by Type
5.2.1 Food Grade
5.2.2 Pharmaceutical Grade
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Extra Virgin Avocado Oil Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Extra Virgin Avocado Oil Market Size Forecast by Applications
6.2.1 Edible Oil
6.2.2 Cosmetics & Skin Care Products
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Extra Virgin Avocado Oil Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Extra Virgin Avocado Oil Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Extra Virgin Avocado Oil Analysis and Forecast
9.1 Introduction
9.2 North America Extra Virgin Avocado Oil Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Extra Virgin Avocado Oil Market Size Forecast by Type
9.6.1 Food Grade
9.6.2 Pharmaceutical Grade
9.6.3 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Extra Virgin Avocado Oil Market Size Forecast by Applications
9.10.1 Edible Oil
9.10.2 Cosmetics & Skin Care Products
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Extra Virgin Avocado Oil Analysis and Forecast
10.1 Introduction
10.2 Europe Extra Virgin Avocado Oil Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Extra Virgin Avocado Oil Market Size Forecast by Type
10.6.1 Food Grade
10.6.2 Pharmaceutical Grade
10.6.3 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Extra Virgin Avocado Oil Market Size Forecast by Applications
10.10.1 Edible Oil
10.10.2 Cosmetics & Skin Care Products
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Extra Virgin Avocado Oil Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Extra Virgin Avocado Oil Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Extra Virgin Avocado Oil Market Size Forecast by Type
11.6.1 Food Grade
11.6.2 Pharmaceutical Grade
11.6.3 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Extra Virgin Avocado Oil Market Size Forecast by Applications
11.10.1 Edible Oil
11.10.2 Cosmetics & Skin Care Products
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Extra Virgin Avocado Oil Analysis and Forecast
12.1 Introduction
12.2 Latin America Extra Virgin Avocado Oil Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Extra Virgin Avocado Oil Market Size Forecast by Type
12.6.1 Food Grade
12.6.2 Pharmaceutical Grade
12.6.3 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Extra Virgin Avocado Oil Market Size Forecast by Applications
12.10.1 Edible Oil
12.10.2 Cosmetics & Skin Care Products
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Extra Virgin Avocado Oil Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Extra Virgin Avocado Oil Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Extra Virgin Avocado Oil Market Size Forecast by Type
13.6.1 Food Grade
13.6.2 Pharmaceutical Grade
13.6.3 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Extra Virgin Avocado Oil Market Size Forecast by Applications
13.10.1 Edible Oil
13.10.2 Cosmetics & Skin Care Products
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Extra Virgin Avocado Oil Market: Competitive Dashboard
14.2 Global Extra Virgin Avocado Oil Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Sesajal
14.3.2 Proteco Oils
14.3.3 Cate de mi Corazón
14.3.4 Da Gama Avocado Oil
14.3.5 Yasin
14.3.6 Grupo Industrial Batellero
14.3.7 Ahuacatlan Avocado Oil
14.3.8 Olivado
14.3.9 Mt. Kenya Fresh Avocados
14.3.10 Village Press
14.3.11 Sesajal
14.3.12 Avoolio
14.3.13 AvoPure
14.3.14 Westfalia
