According to the report, the Latin America avocado oil market reached a value of USD 215 million in 2022. Aided by the increasing health awareness among consumers and the growing demand for healthier oil alternatives, the market is expected to grow at a CAGR of 5.6% between 2023 and 2028, reaching a value of USD 300.09 million by 2028.
Avocado oil is extracted from the pulp of the avocado fruit, which is rich in healthy fats, vitamins, and other essential nutrients. It is recognised by its high concentration of monounsaturated fatty acids, especially oleic acid, which has been linked to several health advantages like better nutrient absorption, less inflammation, and improved heart health.
Additionally, avocado oil is used in various applications, including cooking, cosmetics, and pharmaceuticals, among others. The growing demand for natural and healthy food products and the increasing use of avocado oil in the cosmetic and personal care industries are driving the growth of the Latin America avocado oil market. The development of value-added avocado oil products, such as flavoured oils, cooking sprays, and avocado oil-based mayonnaise, is expanding the range of applications and attracting new consumers.
The Latin America avocado oil market is experiencing significant growth, primarily due to the increasing health awareness among consumers and the rising demand for healthier oil alternatives. The rising health consciousness among consumers in Latin America is fuelling the demand for avocado oil, as it contains healthy fats that help lower cholesterol levels, reduce inflammation, and promote overall health. Additionally, the increasing awareness of the environmental and health benefits of consuming plant-based oils is positively impacting the Latin America avocado oil market growth.
The strong agricultural base in the region facilitates the growth of the avocado oil market. Additionally, the growing popularity of avocado oil in the international market has encouraged exports, further supporting the Latin America avocado oil market expansion. Mexico is anticipated to be one of the major Latin American regional markets for avocado oil where increased incidences of diabetes, obesity, cardiovascular disorders, and other chronic conditions are expected to increase the interest of consumers towards healthy oils such as avocado oil.
Avocado oil is extracted from the pulp of the avocado fruit, which is rich in healthy fats, vitamins, and other essential nutrients. It is recognised by its high concentration of monounsaturated fatty acids, especially oleic acid, which has been linked to several health advantages like better nutrient absorption, less inflammation, and improved heart health.
Additionally, avocado oil is used in various applications, including cooking, cosmetics, and pharmaceuticals, among others. The growing demand for natural and healthy food products and the increasing use of avocado oil in the cosmetic and personal care industries are driving the growth of the Latin America avocado oil market. The development of value-added avocado oil products, such as flavoured oils, cooking sprays, and avocado oil-based mayonnaise, is expanding the range of applications and attracting new consumers.
The Latin America avocado oil market is experiencing significant growth, primarily due to the increasing health awareness among consumers and the rising demand for healthier oil alternatives. The rising health consciousness among consumers in Latin America is fuelling the demand for avocado oil, as it contains healthy fats that help lower cholesterol levels, reduce inflammation, and promote overall health. Additionally, the increasing awareness of the environmental and health benefits of consuming plant-based oils is positively impacting the Latin America avocado oil market growth.
The strong agricultural base in the region facilitates the growth of the avocado oil market. Additionally, the growing popularity of avocado oil in the international market has encouraged exports, further supporting the Latin America avocado oil market expansion. Mexico is anticipated to be one of the major Latin American regional markets for avocado oil where increased incidences of diabetes, obesity, cardiovascular disorders, and other chronic conditions are expected to increase the interest of consumers towards healthy oils such as avocado oil.
Market Segmentation
The market can be divided based on product type, application, distribution channel, and region.Market Breakup by Product Type
- Extra Virgin Oil
- Refined Oil
- Blends
- Others
Market Breakup by Application
- Food and Beverages
- Cosmetics
- Pharmaceuticals
- Others
Market Breakup by Distribution Channel
- Business to Business
Business to Consumers
- Supermarkets and Hypermarkets
- Convenience Stores
- Online
- Others
Market Breakup by Region
- Mexico
- Others
Competitive Landscape
The report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the Latin America avocado oil companies. Some of the major key players explored in the report are as follows:- SESAJAL SA de CV
- Nobel Foods, S.A. DE CV
- Grupo MaDiVi SA de CV
- Diricom, S.A. de C.V
- Others
Table of Contents
1 Preface2 Report Coverage - Key Segmentation and Scope4 Key Assumptions7 Industry Opportunities and Challenges11 Value Chain Analysis13 Industry Events and Developments
3 Report Description
5 Executive Summary
6 Snapshot
8 Latin America Avocado Oil Market Analysis
9 Regional Analysis
10 Market Dynamics
12 Competitive Landscape
Companies Mentioned
- SESAJAL SA de CV
- Nobel Foods, S.A. DE C.V
- Grupo MaDiVi SA de CV
- Diricom, S.A. de C.V.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 80 |
| Published | March 2023 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value ( USD | $ 228 Million |
| Forecasted Market Value ( USD | $ 300.09 Million |
| Compound Annual Growth Rate | 5.6% |
| Regions Covered | Latin America |
| No. of Companies Mentioned | 4 |
