The global avocado oil market is anticipated to grow at a considerable CAGR of 6.1% during the forecast period. The rising number of diseases such as cardiovascular diseases (CVDs) and eye-related disorders is one of the major factors driving the avocado oil market. Due to its high nutritional value and other important nutrients, avocado oil is used in drugs treating such diseases. Avocado oil contains vitamin E and Lutein, which are useful for the eyes. According to the World Health Organization (WHO), around 2.2 billion people aged 50 years and above were diagnosed with near or distant vision impairments. Avocado oil can be used to help in vision impairment prevention. Due to the presence of vitamin E, avocado oil protects against macular degeneration of the eyes and improves eyesight. Macular diseases can lead to vision impairment and blindness.
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Moreover, the number of CVDs is growing across the globe, which has increased the death rates. According to the WHO, around 18 million people die every year due to heart-related disorders such as heart attacks or strokes. To decline the rate of heart disease, the American Heart Association (AHA) has recommended limiting 5-6% Trusted Source of calories intake from saturated fatty acid (SFA), and replacing SFA and trans-fats with monounsaturated fats (MUFA) and polyunsaturated fats for better heart health. Avocados are rich in MUFAs and polyunsaturated fats, thus, their regular consumption reduces triglycerides, low-density lipoprotein (LDL) cholesterol, and total cholesterol level. According to ClinicalTrial.gov, the consumption of 2 avocados per week decreases the risk of heart disease by 16% over 30 years.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Global Avocado Oil Market Report Segment
By Type
- Extra Virgin Oil
- Virgin Oil
- Pure/Refined Oil
- Blend
By Application
- Food and Beverages
- Pharmaceuticals And Medicinal Formulations
- Personal Care and Cosmetics
- Others
By End-User
- Food Processing
- Personal Care Products
- Medicinal Products
Global Avocado Oil Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global avocado oil market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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