The Avocado Oil Market Expected to Reach US$ 1,452.2 Million by 2027
The avocado oil market was valued at US$ 669.5 Million in 2018 and is projected to reach US$ 1,452.2 Million by 2027; it is expected to grow at a CAGR of 9.1% from 2019 to 2027.
According to the latest study by The Insight Partners “Avocado Oil Market is accounted for US$ 669.5 million in 2018 and is expected to grow at a CAGR of 9.1% during 2019–2027 to reach US$ 1,452.2 million by 2027. The report highlights key factors driving the market growth and prominent players along with their developments in the market.
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Avocado oil is an edible oil derived from the avocado fruit. As a food oil, it is used in various types of dishes, salad dressing, bakery items, and sweet & savory snacks. Avocado oil is used in personal care and cosmetics products as it possesses moisturizing and regenerative properties. The oil is high in monounsaturated fats and low in saturated fats. Avocado oil is also cholesterol-free. Consistent` consumption of avocado oil also helps to lower low-density lipid (LDL) or "bad” cholesterol levels. Therefore, it is highly preferred by people who have diabetes. Avocado oil is high in vitamin E and potassium, which keep the blood vessels healthy by eradicating free radicals.
Increasing Demand For Avocado Oil Market
Rising prevalence of lifestyle disorders such as diabetes, obesity, cardiovascular disorders, etc. due to the high consumption of high-fat butter and oils is projected to increase the demand for healthy oils such as avocado oil. Incidences of lifestyle diseases are mounting across the globe. According to the World Health Organization (WHO), more than 17 million people across the globe die of cardiovascular diseases (CVD) each year, mainly due to strokes and heart attacks. Cardiovascular diseases occur almost equally among men and women. Although heart attacks and strokes are the major reason for death in major parts of the world, 80% of premature deaths causes can be avoided by controlling the main risk factors such as physical inactivity and unhealthy diet.
Avocados cultivated organically are used to make organic avocado oil. Without the use of toxic pesticides or artificial fertilisers, organic avocados are grown. When growing avocados, the producers employ organic growth stimulants. Avocados grown organically allow for the conservation of vital nutrients without compromising the product's nutritional value. Chemical and fertiliser use in conventional farming mostly impacts the level of nutrients and the health aspect. Growing consumer interest in organic goods has prompted food producers to make significant investments in goods made with organic ingredients. This is also expected to support the market for organic avocado oil.
Some of the companies competing are
- Aconcagua Oil & Extract S.A
- Avocado Health Limited
- BELLA VADO, INC
- CROFTS ltd
- La Tourangelle, Inc
- Mevi Avocados, Inc
- Olivado USA
- Sesajal S.A. de C.V
- Spectrum Organics Products, LLC (Hain Celestial Group, Inc.)
Avocado oil is gaining high traction due to the rising awareness about its health benefits. This oil is also high on antioxidants and healthy fats. ~70% of avocado oil consists of heart-healthy oleic acid, i.e., monounsaturated omega-9 fatty acid. Various studies show that avocado oil helps in reducing blood pressure and blood cholesterol levels. It is a rich source of lutein, a carotenoid naturally found in human eyes. Thus, the consumption of this oil improves eye health and lowers the risk of acquiring age-related eye diseases. A recent study found that adding avocado oil to a salad with carrots, romaine lettuce, and spinach, enhances the absorption of carotenoids in the human body.
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