North America Avocado Oil Market Forecast to 2027 – COVID-19 Impact and Analysis - by Type (Extra Virgin, Virgin, Refined, and Blends), Nature (Organic, Conventional), Variety (Hass, Pinkerton, Fuerte, Gwen, and Others), Application (Food and Beverages, Pharmaceuticals, Cosmetics, and Others), and Distribution Channel (Hypermarkets and Supermarkets, Specialty Stores, Online Stores, and Others)
Number of Pages: 85
Market Introduction
North America comprises developed and developing countries such as the US, Canada, and Mexico. North America will account for a remarkable share in the Avocado Oil Market. Consumers in the US and Canada are moving towards a healthy lifestyle and prefer products that provide health benefits. Therefore, the increasing health concern among consumers drives the growth of the Avocado Oil Market in North America. Also, avocado oil processing companies in North America are continuously enhancing their product portfolio to meet the customers' demand. Avocado oil is basically edible oil pressed from the fruit of avocado and also known as the Persea Americana. As food oil, it is utilized as an ingredient in many dishes, and as cooking oil. It is further used for lubrication and in many cosmetics, where it is valued for its supposed regenerative and moisturizing properties. It is mainly pressed from the fleshy pulp surrounding the avocado pit and not the pit itself.
Market Overview and Dynamics
The avocado oil market in North America is expected to grow from US$ 281.73 million in 2018 to US$ 618.66 million by 2027; it is estimated to grow at a CAGR of 9.2% from 2019 to 2027. Organic avocado oil is derived from organically grown avocados. The organic avocados are cultivated without the incorporation of artificial fertilizers or harmful chemicals. The farmers use organic growth stimulators in avocados cultivation. Organic avocados allow the retention of essential nutrients without hampering the nutritional aspect of the product. The use of chemicals and fertilizers in conventional farming mostly affects the health aspect and nutrients level. Rising inclination of people toward organic products has encouraged the food manufacturers to invest heavily in products produced with organic constituents. This is further projected to bolsters the growth of the organic North America Avocado Oil Market.
COVID 19 has impacted the major countries of North America. Most of the countries in the North America are under lockdown which is impacting the avocado oil market. The U.S has the highest number of confirmed cases of coronavirus, as, compared to Canada and Mexico. This is likely to impact the food and beverage industry in the region as, due to the COVID-19 outbreak, the supply and distribution chain is likely to get affected.
Key Market Segments
In terms of type, the extra virgin segment accounted for the largest share of the North America avocado oil market in 2018. In terms of nature, conventional segment held a larger market share of North America avocado oil market in 2018. In terms of variety, hass accounts for the largest share in the North America avocado oil market. In terms of application, food and beverages held the largest share in the North America avocado oil market in 2018. In terms of distribution channel, hypermarkets and supermarkets held the largest share in the North America avocado oil market.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the North America avocado oil market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Bella Vado, Inc.; Crofts ltd; La Tourangelle Inc.; Madana Inc.; Mevi Avocados Inc.; Olivado USA; Sesajal S.A. de C.V.; Spectrum Organics Products, LLC (Hain Celestial Group, Inc.).
Reasons to buy report
North America AVOCADO OIL MARKET SEGMENTATION
North America avocado oil market, by Type
North America avocado oil market, by Nature
North America avocado oil market – by Variety
North America avocado oil market – By Application
North America avocado oil market – By distribution channel
North America avocado oil market – By Country
Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2018 | US$ 281.73 Million |
| Market Size by 2027 | US$ 618.66 Million |
| CAGR (2019 - 2027) | 9.2% |
| Historical Data | 2016-2017 |
| Forecast period | 2019-2027 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
North America
|
| Market leaders and key company profiles |
|
The North America Avocado Oil Market is valued at US$ 281.73 Million in 2018, it is projected to reach US$ 618.66 Million by 2027.
As per our report North America Avocado Oil Market, the market size is valued at US$ 281.73 Million in 2018, projecting it to reach US$ 618.66 Million by 2027. This translates to a CAGR of approximately 9.2% during the forecast period.
The North America Avocado Oil Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Avocado Oil Market report:
The North America Avocado Oil Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Avocado Oil Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Avocado Oil Market value chain can benefit from the information contained in a comprehensive market report.
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