The North America Extra Virgin Avocado Oil Market would witness market growth of 3.4% CAGR during the forecast period (2022-2028).
Carotenoids are essential to human health because they reduce the risk of developing certain tumors and illnesses. The majority of carotenoids are found in fruits & vegetables, which are naturally low in fat. When a healthy fat such as avocado oil is added to foods containing carotenoids, the body is better able to absorb the nutrients and receive their advantages.
The studies showed that people use avocado oil in salsa and salads. Increasing knowledge of avocado oil's nutrient-dense characteristics is one of the primary drivers driving market expansion. Consumers are now willing to incorporate nutritious components into their daily diets in response to a global surge in health consciousness.
In fact, hurried lives have significantly reduced physical activity, hence contributing to the increase of several lifestyle disorders. To combat this, people are gradually substituting avocado oil, which contains a higher concentration of beneficial fatty acids, for butter & vegetable oils containing high concentrations of saturated fats. In addition, the increasing desire for organic skin care & personal care products contributes to a rise in carrier oil sales, which in turn increases the need for avocado oil.
Avocados are grown in Mexico at a rate that is equivalent to thirty percent of the world's total production. The avocado is the tropical fruit that is traded the most around the world, and Mexico is the world's top exporter of avocados. The United States consumes 80 percent of the avocados that are produced in Mexico. As an industrialized product, avocado has many applications, including serving as a base for spreads and contributing to the manufacturing of oil that is used in cosmetics. In recent years, there has been a rise in the quantity of avocado oil extracted from Hass and Fuerte kinds. Owing to these factors, the market for extra virgin avocado oil would expand in the North America region.
The US market dominated the North America Extra Virgin Avocado Oil Market by Country in 2021; thereby, achieving a market value of $135.9 million by 2028. The Canada market is experiencing a CAGR of 5.4% during (2022 - 2028). Additionally, The Mexico market would exhibit a CAGR of 5.1% during (2022 - 2028).
Based on Distribution Channel, the market is segmented into Supermarkets/Hypermarkets, Convenience Store, and Online Store. Based on Application, the market is segmented into Food & Beverages and Cosmetics. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Extra Virgin Avocado Oil Market is Estimated to reach $539.9 Million by 2028, at a CAGR of 4.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Aceitera Mevi México SA de CV, Aconcagua Oil & Extract S.A., Avocado Oil New Zealand Ltd. (Grove Avocado Oil), Bella Vado, Inc., Olivado Ltd. and Westfalia Fruit (Pty) Ltd.
Scope of the Study
Market Segments Covered in the Report:
By Distribution Channel
- Supermarkets/Hypermarkets
- Convenience Store
- Online Store
By Application
- Food & Beverages
- Cosmetics
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Aceitera Mevi México SA de CV
- Aconcagua Oil & Extract S.A.
- Avocado Oil New Zealand Ltd. (Grove Avocado Oil)
- Bella Vado, Inc.
- Olivado Ltd.
- Westfalia Fruit (Pty) Ltd.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Extra Virgin Avocado Oil Market, by Distribution Channel
1.4.2 North America Extra Virgin Avocado Oil Market, by Application
1.4.3 North America Extra Virgin Avocado Oil Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. North America Extra Virgin Avocado Oil Market by Distribution Channel
3.1 North America Supermarkets/Hypermarkets Market by Country
3.2 North America Convenience Store Market by Country
3.3 North America Online Store Market by Country
Chapter 4. North America Extra Virgin Avocado Oil Market by Application
4.1 North America Food & Beverages Market by Country
4.2 North America Cosmetics Market by Country
Chapter 5. North America Extra Virgin Avocado Oil Market by Country
5.1 US Extra Virgin Avocado Oil Market
5.1.1 US Extra Virgin Avocado Oil Market by Distribution Channel
5.1.2 US Extra Virgin Avocado Oil Market by Application
5.2 Canada Extra Virgin Avocado Oil Market
5.2.1 Canada Extra Virgin Avocado Oil Market by Distribution Channel
5.2.2 Canada Extra Virgin Avocado Oil Market by Application
5.3 Mexico Extra Virgin Avocado Oil Market
5.3.1 Mexico Extra Virgin Avocado Oil Market by Distribution Channel
5.3.2 Mexico Extra Virgin Avocado Oil Market by Application
5.4 Rest of North America Extra Virgin Avocado Oil Market
5.4.1 Rest of North America Extra Virgin Avocado Oil Market by Distribution Channel
5.4.2 Rest of North America Extra Virgin Avocado Oil Market by Application
Chapter 6. Company Profiles
6.1 ACEITERA MEVI MÉXICO SA DE CV
6.1.1 Company Overview
6.2 Aconcagua Oil & Extract S.A.
6.2.1 Company Overview
6.3 Avocado Oil New Zealand Ltd. (Grove Avocado Oil)
6.3.1 Company Overview
6.4 Bella Vado, Inc.
6.4.1 Company Overview
6.5 Olivado Ltd.
6.5.1 Company Overview
6.6 Westfalia Fruit (Pty) Ltd.
6.6.1 Company Overview
6.6.2 Recent strategies and developments:
6.6.2.1 Acquisition and Mergers:
TABLE 1 North America Extra Virgin Avocado Oil Market, 2018 - 2021, USD Million
TABLE 2 North America Extra Virgin Avocado Oil Market, 2022 - 2028, USD Million
TABLE 3 North America Extra Virgin Avocado Oil Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 4 North America Extra Virgin Avocado Oil Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 5 North America Supermarkets/Hypermarkets Market by Country, 2018 - 2021, USD Million
TABLE 6 North America Supermarkets/Hypermarkets Market by Country, 2022 - 2028, USD Million
TABLE 7 North America Convenience Store Market by Country, 2018 - 2021, USD Million
TABLE 8 North America Convenience Store Market by Country, 2022 - 2028, USD Million
TABLE 9 North America Online Store Market by Country, 2018 - 2021, USD Million
TABLE 10 North America Online Store Market by Country, 2022 - 2028, USD Million
TABLE 11 North America Extra Virgin Avocado Oil Market by Application, 2018 - 2021, USD Million
TABLE 12 North America Extra Virgin Avocado Oil Market by Application, 2022 - 2028, USD Million
TABLE 13 North America Food & Beverages Market by Country, 2018 - 2021, USD Million
TABLE 14 North America Food & Beverages Market by Country, 2022 - 2028, USD Million
TABLE 15 North America Cosmetics Market by Country, 2018 - 2021, USD Million
TABLE 16 North America Cosmetics Market by Country, 2022 - 2028, USD Million
TABLE 17 North America Extra Virgin Avocado Oil Market by Country, 2018 - 2021, USD Million
TABLE 18 North America Extra Virgin Avocado Oil Market by Country, 2022 - 2028, USD Million
TABLE 19 US Extra Virgin Avocado Oil Market, 2018 - 2021, USD Million
TABLE 20 US Extra Virgin Avocado Oil Market, 2022 - 2028, USD Million
TABLE 21 US Extra Virgin Avocado Oil Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 22 US Extra Virgin Avocado Oil Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 23 US Extra Virgin Avocado Oil Market by Application, 2018 - 2021, USD Million
TABLE 24 US Extra Virgin Avocado Oil Market by Application, 2022 - 2028, USD Million
TABLE 25 Canada Extra Virgin Avocado Oil Market, 2018 - 2021, USD Million
TABLE 26 Canada Extra Virgin Avocado Oil Market, 2022 - 2028, USD Million
TABLE 27 Canada Extra Virgin Avocado Oil Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 28 Canada Extra Virgin Avocado Oil Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 29 Canada Extra Virgin Avocado Oil Market by Application, 2018 - 2021, USD Million
TABLE 30 Canada Extra Virgin Avocado Oil Market by Application, 2022 - 2028, USD Million
TABLE 31 Mexico Extra Virgin Avocado Oil Market, 2018 - 2021, USD Million
TABLE 32 Mexico Extra Virgin Avocado Oil Market, 2022 - 2028, USD Million
TABLE 33 Mexico Extra Virgin Avocado Oil Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 34 Mexico Extra Virgin Avocado Oil Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 35 Mexico Extra Virgin Avocado Oil Market by Application, 2018 - 2021, USD Million
TABLE 36 Mexico Extra Virgin Avocado Oil Market by Application, 2022 - 2028, USD Million
TABLE 37 Rest of North America Extra Virgin Avocado Oil Market, 2018 - 2021, USD Million
TABLE 38 Rest of North America Extra Virgin Avocado Oil Market, 2022 - 2028, USD Million
TABLE 39 Rest of North America Extra Virgin Avocado Oil Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 40 Rest of North America Extra Virgin Avocado Oil Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 41 Rest of North America Extra Virgin Avocado Oil Market by Application, 2018 - 2021, USD Million
TABLE 42 Rest of North America Extra Virgin Avocado Oil Market by Application, 2022 - 2028, USD Million
TABLE 43 Key Information – ACEITERA MEVI MÉXICO SA DE CV
TABLE 44 Key Information – Aconcagua Oil & Extract S.A.
TABLE 45 Key Information – Avocado Oil New Zealand Ltd.
TABLE 46 Key Information – Bella Vado, Inc.
TABLE 47 Key Information – Olivado Ltd.
TABLE 48 Key Information – Westfalia Fruit (Pty) Ltd.
List of Figures
FIG 1 Methodology for the research