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A recent report published by Infinium Global Research on avocado oil market provides an in-depth analysis of segments and sub-segments in global as well as the regional avocado oil market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional avocado oil market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global avocado oil market. According to the report, the global avocado oil market is projected to grow at a CAGR of 8.00% over the forecast period of 2018-2024.
Avocado oil is the natural oil pressed from the pulp of an avocado. Almost 70% of avocado oil consists of heart-healthy oleic acid, a monounsaturated omega-9 fatty acid. Due to its stability, avocado oil can also be used for cooking at higher temperatures without breaking down and losing some of its health benefits. Avocado oil is among the top five foods that have high vitamin E contents. This fat-soluble vitamin is known for improving skin and eye health, strengthening the immune system, providing defense against oxidative damage to cells caused by free radicals, improving memory and mental acuity, as well as increasing the overall efficiency of the digestive tract. Avocado is also used for the treatment of diabetes as it has a low glycemic index by controlling its blood sugar level.
Rising awareness about healthy lifestyle and rich nutrient composition of avocado oil drives the growth of the avocado oil market. Some beneficial properties of avocado oils such as an optimum level of antioxidants and good fatty acids are the primary reasons for health experts to recommend its consumption. Moreover, inclination towards natural and healthier ingredients are boosting the growth of the avocado oil markets. However, Avocado oils are marginally expensive especially in developing countries that is expected to hinder the adoption of avocado products. Furthermore, mixing of flavored avocado oil with natural edible oils including almond oil, olive oil, safflower oil, coconut oil, grape seed oil, and shea butter are further providing several growth opportunities for the key players in the avocado oil market over the years to come.
Among the geographies, North America dominated the global avocado oil in terms of revenue followed by the Asia-Pacific. Countries like the U.S, Canada, and the Dominican Republic are the highest consumer of the Avocado oil. The growth in the North American region is due to the increasing health benefits of avocado in the U.S. The growth in the Asia-Pacific region is anticipated to gain steady growth as the food processing companies establish their manufacturing base in these regions.
The report on global avocado oil market covers segments such as variety and application. On the basis of variety, the global avocado oil market is categorized into hass, pinkerton, gwen, lamb hass, bacon, zutano, fuerte and others. On the basis of application, the global avocado oil market is categorized into personal care products, cooking, medicinal products, and others.
The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region.
The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-Pacific region offers substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience growth at a CAGR of x.x% over the period of 2018-2024.
The report provides profiles of the companies in the global avocado oil market such as Bella Vado, Olivado, Chosen Foods LLC, Avocado Global Pte Ltd, Avoolio Oil De Mexico, BIO Planète, Kevala, The Village Press, Tron Hermanos and La Tourangelle.
The report provides deep insights on demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global avocado oil market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of avocado oil market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the avocado oil market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the avocado oil market to understand the present and future trends in this market and formulate their strategies accordingly.