Avocado oil is edible mono-unsaturated fat which is extracted from the pulp of avocado fruit originated in Central America and Mexico. The benefits associated with the avocado oil such as High protein, antioxidant, good fats, soluble and insoluble fibers, and various minerals and vitamins are not only used for cooking purpose but also for beauty and cosmetics products to reduce blemishes, dry skin, wrinkles, and acne which in turn increases its demand and fueled growth of the avocado oil market.
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Global Avocado Oil Market: Competitive Landscape
The key players operating in the global avocado oil market are Sesajal S.A. de C.V., Olivado, Grupo Industrial Batellero S.A. de C.V, YASIN, Tron Hermanos SA de CV, The Village Press, Bella Vado, Chosen Foods LLC, and Storino’s Quality Products. Key players involved in the production of avocado oil are adopting various expansion strategies to increase their foothold in the market and by expanding their product lines. For example, Chosen Foods, a San Diego based company, has been acquired by Mexican company Sesajal S.A. de C.V., major supplier of avocado oil. With the acquisition, Sesajal S.A. de C.V has gain the penetration into foreign markets and products from Chosen Foods are largely sold across the United States and Canada, making it a beneficial target market for avocado oil over the forecast period.
Global Avocado Oil Market- Regional Analysis
Based on the region, the global avocado oil market is segmented into North America, Latin America, Asia Pacific (APAC), Europe, and Middle East & Africa. North America has the leading consumption of avocado oil, owing to health aids related with the consumption of avocado oil. The demand in North America is expanding at a higher rate since couple of years, reason being associated with health disorders and prevalence of heart diseases. The growing awareness among consumer about the healthy lifestyle and healthy eating contributes to the growth of the avocado oil market size in this region.
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Scope of the Report
- Crude oil
- Virgin oil
- Extra virgin oil
- Refined oil
- Food & Beverages
- Beauty and Cosmetics
By Distribution Channel
- Hypermarkets/ Supermarkets
- Specialty Stores
- Convenience Stores