Avocado Oil Market: Innovative Trends Implemented by Manufacturers Steering Growth until 2026
The global avocado oil market is projected to expand at a volume CAGR of 6.7% during the period of assessment, 2017-2026.
[UKPRwire, Wed Apr 24 2019] Mounting incidences of lifestyle diseases such as cardiovascular disorders across the globe. For instance, in United States about 610,000 individuals die due to heart disorders each year. Awareness regarding health issues and suitable precautionary measures have gained increased importance ever since. Scientists and medical experts have been researching upon various natural treatments and solutions to such chronic diseases. This pushed the research on avocado oil owing to the health benefits associated with its consumption.
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Fact.MR in its new research publication has stated that the global market for avocado oil is projected to expand at a stellar rate in the coming years. According to this research, the global avocado oil market is expected to rise at a value CAGR of 7.6% during the period of forecast, 2017-2026. In addition, the volume of avocado oil being sold is estimated to cross 255,000 metric tons by the end of the year of assessment (2026). This growth is largely driven by its nutrient rich composition, increased awareness regarding the benefits of the product among consumers and health experts alike and higher demand for avocado oil in cosmetics and personal care products.
Avocado oil is used in various applications, such as in cosmetics, personal care and medicinal applications. It has gained high importance in medicinal applications owing to various advantages it provides, for instance it supports in reducing weight, enhances digestion, improves heart health, carries out detoxification, enhances skin glow, increased rate of wound healing and is a rich source of vitamin E. With this the consumption of avocado oil is expected to increase in the coming years.
Growing Urge for Healthy Life Coupled with Increasing Awareness to Fuel Demand of Avocado Oil in the Following Years
Higher consumer inclination towards healthy lifestyle has pushed the consumption of healthy food products and ingredients. Off late, people have become more conscious regarding their diet and food intake.in addition, obesity rate has also increased since 2016. During this period, more than 1.9 billion people, especially adults were overweight. According to WHO, obesity and over weight problems are the main causes of deaths. With this health trend spurring coupled with awareness regarding the consumption of healthy vegetables, fruits, such as avocados that reduce the cholesterol level and triglycerides is expected to aid the demand for avocado oil.
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Avocado Oil to Witness High Consumption in Countries in Latin America
Increasing awareness regarding healthy lifestyle has driven the demand and consumption of avocado oil in Latin America. Latin America region has witnessed a high rate of occurrence of health problems such as heart diseases, chronic disorders and associated cardiovascular problems owing to high consumption of fats and poor lifestyle. This has resulted in an upsurge in the consumption of healthy diet and with growing awareness regarding advantages of avocado oil, its consumption has spurred across the region. In Latin America, consumption of avocado oil is largely observed in Mexico, which is considered as the largest producer and supplier of avocados. Moreover, the demand for avocado oil in North America is also expanding at a higher rate since couple of years, reason being associated with health disorders and prevalence of heart diseases. The avocado oil market in North America is projected to expand at a high rate in the coming years, followed by Asia Pacific excluding Japan.
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