Packaged Food Segment driving the growth of Avocado Oil Market

 

Avocado Oil Market

The global Avocado Oil Market is estimated to be valued at US$ 1660.15 Mn in 2023 and is expected to exhibit a CAGR of 7.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Avocado oil is obtained from the fruit of Persea Americana tree species. It is known for its high smoke point and rich texture. Used for cooking, it provides a healthy alternative to other cooking oils due to rich composition of monounsaturated fatty acids and vitamins.

Market key trends:

One of the major trends driving the growth of the avocado oil market is increasing popularity of health conscious cooking. Avocado oil is gaining traction among health conscious consumers as it contains heart healthy monounsaturated fatty acids instead of saturated fats. The oil has a mild flavor and smooth consistency, making it suitable for various cooking styles like sautéing or baking. Furthermore, rising focus on nutrition-rich diets is also fueling demand for avocado oil globally.

Segment Analysi

The global avocado oil market is segmented on the basis of nature, grade, application and region. Based on nature, the avocado oil market is segmented into organic and conventional. The conventional segment dominates the market due to lower prices and easy availability as compared to organic avocado oil. Based on grade, the market is segmented into virgin oil, refined oil, blended oil and extra virgin oil. Extra virgin oil dominates the market due to higher retention of nutrients and delicate flavor.

Key Takeaways

The global avocado oil market is expected to witness high growth, exhibiting CAGR of 7.8% over the forecast period, due to increasing demand for avocado oil in food industry applications like dressings, personal care products, and other goods. Regionally, North America dominates the global avocado oil market and is expected to continue its dominance over the forecast period. This is attributed to increasing health consciousness and demand for natural oil among consumers. Key players operating in the 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.

The avocado oil market size for 2023 is US$ 1660.15 Mn. Regionally, Latin America is the fastest growing region in avocado oil market. This is attributed to suitable climate conditions for avocado cultivation in countries like Mexico and Peru. Key players like Sesajal S.A. de C.V. and Grupo Industrial Batellero S.A. dominate the Latin America avocado oil market.

Read More

https://www.dailyprbulletin.com/avocado-oil-market-size-share-growth-outlook-2023/


Comments

Post a Comment

Popular posts from this blog

Clamshell Packaging Market to Grow at High Rate Owing to Rising Demand for Sustainable Packaging Options

Image
  Clamshell Packaging Market The global Clamshell Packaging Market is estimated to be valued at US$ 8.61 Bn in 2023 and is expected to exhibit a CAGR of 3.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.   Clamshell packaging refers to a hinged plastic packaging solution used majorly for food and consumer goods. It provides easy opening and closing functionality along with product protection and tamper resistance. The growth in demand for sustainable and eco-friendly clamshell packaging from various end-use industries is propelling the clamshell packaging market growth.   Market Overview: Clamshell packaging is a two-piece shell that snaps or clicks together to securely hold its content. It is widely used for packaging small consumer goods, food items, cosmetics, electronic accessories, and pharmaceutical products due to its excellent sealability and transparency properties. The rising focus on product safety and
Read more

Global Veterinary Equipment and Disposables Market: Trends and Outlook

Image
The veterinary equipment and disposables market is experiencing notable growth and transformation. With the increasing number of pet owners considering their animals as family, there is a growing demand for advanced diagnostic tools, surgical instruments, and consumables in veterinary practices. This trend is also supported by the evolving landscape of veterinary medicine, which now integrates sophisticated equipment like digital radiography and ultrasound. In addition to companion animals, the livestock and poultry industry also relies on specialized veterinary equipment to ensure the health and welfare of animals, contributing to market expansion. Moreover, the emphasis on preventive care and early disease detection has led to a surge in the adoption of veterinary equipment and diagnostics for routine check-ups. The incorporation of technology in veterinary practices, including electronic health records and telemedicine, is further enhancing the efficiency and quality of animal healt
Read more

"Advancements in Wilson's Disease Treatment: A Market Analysis"

Image
  Wilson's disease is a rare genetic disorder that affects the body's ability to metabolize copper, leading to its accumulation in various organs, especially the liver and brain. The treatment landscape for Wilson's disease has seen significant advancements in recent years, offering hope to those affected by this condition. One of the mainstays of Wilson's disease treatment market is copper-chelating agents, such as penicillamine and trientine. These medications work by binding to excess copper in the body and facilitating its removal through urine. They can help control copper levels and prevent further damage to the liver and other organs. In cases where copper-chelating agents are not effective or tolerated, liver transplantation becomes a crucial option. Liver transplantation is a life-saving procedure that replaces the damaged liver with a healthy one, effectively curing the disease. However, it's considered a last resort due to the associated risks and li
Read more