Global Avocado Oil Market-Trends, Top Manufactures, Market Demands, Industry Growth Forecast: 2024
Avocado Oil Market (Variety - Hass, Pinkerton, Gwen, Lamb Hass, Bacon, Zutano, Fuerte; Application - Personal Care Products, Cooking, Medicinal Products): Global Industry Analysis, Trends, Size, Share and Forecasts to 2024. The global avocado oil market is projected to grow at a CAGR of 8.00% over the forecast period of 2018-2024.
Pune, India -- (SBWire) -- 04/05/2019 --The latest report on Avocado Oil Market by Infinium Global Research gives complete coverage of the Avocado Oil Market by variety (hass, pinkerton, gwen, lamb hass, bacon, zutano, fuerte and others), application (personal care products, cooking, medicinal products and others) in terms of key trends, market size, forecast and CAGR growth over the period of 2018 to 2024. In addition, the study covers deep dive into key product and applications trends in the regional markets of Avocado Oil such as North America, Europe, Asia-Pacific and Latin America over the short run and long run.
The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encourage the expansion of the Avocado Oil Market during the said period. The report also provides market attractiveness analysis, by geography, and market share analysis, by key players respectively. Some of the prominent participants in the Global Avocado Oil Market are 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 global avocado oil market is projected to grow at a CAGR of 8.00% over the forecast period of 2018-2024.
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Inclination towards Natural and Healthier Ingredients to Promote Growth in the Avocado Oil Market
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.
North America to Dominate the Global Avocado Oil Market
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 US. 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.
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Increasing Appetite in China Drives Chilean Avocado Exports
In September 2018- Chilean avocado growers have found a rapidly expanding market in China as the consumers there develop an ever finer appetite for nutritional products.
The committee said avocado exports to China began three years ago and have been booming. In the latest avocado season, which runs from July to April, 14,860 tons of avocados were sold to China, up from 3,970 tons in the 2015-16 season. The climate and soil in Chile's fertile central and northern valleys are favorable for growing avocados. The green vegetable-like fruit, known as palta in Chile, has been increasingly popular in recent years in many countries as a nutritional fruit.
The efforts have paid off, helping Chile win the trust of Chinese consumers and making China one of Chile's top agricultural export destinations. Today, Chile is one of the top exporters of avocados to China and the United States, competing against Mexico and Peru.
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