According to the newest research report from Future Market Insights (FMI), global demand for avocado oil is expected to expand by more than 4% year over year in 2019. This increase can be attributed to a number of factors, including changing lifestyles and a growing interest in health and well-being. Avocado oil’s growth is expected to be boosted by ever-changing dietary preferences matched with the health & wellness trend, according to the report.
Avocado oil blended with other natural edible oils, such as almond oil, olive oil, and others, is a prevalent trend affecting market expansion, according to the report. In order to capitalise on the increased demand for ‘better-than-the-rest,’ manufacturers are racing to offer such inventive avocado oil blends with other edible oil kinds.
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Avocado Oil sales will be boosted by rising demand for “natural” and “healthy” products.
Rising rates of heart disease and other chronic diseases are prompting a shift away from fatty oils, presenting long-term prospects for avocado oil producers. The demand for natural and healthy oils is growing, with avocado oil being one of the most popular types.
Furthermore, one of the primary drivers of avocado oil demand is the increased need for physical and cognitive well-being among consumers. When buying products like oil, modern consumers examine a variety of aspects, with health benefits taking precedence. According to the study, these details support the optimistic expansion of the avocado oil market over the predicted year.
Consumers choose items that are naturally sourced and have a high nutritional profile, according to the survey. In line with the foregoing, avocado oil is a fantastic choice that meets customer needs. Avocado oil has a high smoke point when compared to other oils, making it an excellent choice for high-temperature cooking.
Avocado oil prepared without the use of heavy solvents or heat includes lutein, an antioxidant linked to a lower risk of age-related macular degeneration and improved vision. As a result of its increased awareness as a natural and healthy component for use in personal care and skin care products, the avocado oil market is expected to rise.
Avocado oil market growth will be aided by rising demand for clean-label products.
The avocado oil market’s key stakeholders are expected to benefit from the need for clean label products. Furthermore, consumers are displaying a strong interest in products made with basic, natural ingredients, fueling avocado oil uptake across a variety of end-user verticals.
According to the analysis, Europe is expected to grow at a rapid pace between 2019 and 2029, while Latin America, which holds a large portion of the avocado oil market, is expected to remain profitable during the projection period. According to the analysis, the most appealing regions in the avocado oil market in terms of revenue-generating prospects will continue to be Latin America and Europe.
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Key Research Findings on the Avocado Oil Market
- In 2019, the global avocado oil market is expected to be worth US$ 906.8 million.
- Above the period 2019-2029, the avocado oil market will increase at a CAGR of over 5%.
- The usage of a range of edible oils, including avocado oil, is becoming more popular as the desire for sophisticated culinary experiences grows.
- Because of the possible health risks associated with fatty oils, demand for healthy oils is increasing, supporting avocado oil sales.
- Avocado oil from the Hass variety will continue to be the most popular.
- Hass distinguishes out among all other avocado varieties as a widely grown variety around the world. Because of its organoleptic qualities, cold-pressed avocado oil extracted from the ‘Hass’ variety is in high demand.