IMARC Group, a leading market research company, has recently released a report titled “United States Avocado Oil Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the United States avocado oil market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big is the United States Avocado Oil Market?
The United States avocado oil market size reached US$ 222.3 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 316.1 Million by 2028, exhibiting a growth rate (CAGR) of 6.12% during 2023-2028.
What is Avocado Oil?
The increasing consumer focus on healthy eating and wellness represents one of the key factors driving the growth of the market across the United States. This is further elevating the demand for avocado oil, known for its rich content of monounsaturated fats, vitamins, and antioxidants. The popularity of diets like Keto and Paleo, which emphasize healthy fats, is positioning avocado oil as a favored option. The suitability of avocado oil for high-heat cooking methods is making it a staple in American kitchens, which is broadening its culinary applications. A growing segment of consumers prefer organic, non-GMO, and natural products, which is benefiting avocado oil sales. Apart from culinary uses, avocado oil's applicability in skincare and haircare products adds to its market allure. The widespread adoption of online retail platforms offers a convenient way for consumers to explore and purchase a wide variety of avocado oil products.
The trend towards premium, artisanal, and specialty oils has positively impacted the market, which is creating avenues for higher profit margins. The demand for sustainably sourced and ethically produced oils is influencing brand strategies and consumer choices. Advances in packaging technology, including eco-friendly options, are attracting more consumers. Targeted advertising campaigns, including social media marketing and influencer collaborations, are significantly impacting consumer purchasing behavior.
The use of avocado oil in dietary supplements and other health-focused products is a burgeoning market segment. Brands are investing in educating the consumer about the multiple benefits of avocado oil, which in turn fuels demand. The availability of locally sourced avocados in the U.S., particularly from California and Florida, provides a boost to the market. The incorporation of avocado oil in global cuisines, highlighted in restaurants and cooking shows, is also promoting its acceptance. The rising disposable income allows consumers to opt for premium and specialty products, including high-quality avocado oils which is facilitating the growth of the market across the United States.
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What are the Growth Prospects and Trends in the United States Avocado Oil Industry?
The increasing health consciousness among the masses due to the rising prevalence of various lifestyle disorders such as diabetes, obesity, and cardiovascular disorders is creating a positive outlook for the market. Avocado oil aids in improving digestion, decreasing the risk of depression, regulating high cholesterol, and protecting against cancer. Additionally, the introduction of organic avocado oil with a low saturated fat content that helps in providing various nutritional and health benefits is providing a considerable boost to the market growth. Moreover, the expanding culinary landscape and the increasing popularity of gourmet and specialty cooking in the United States are favoring the market growth. Other factors, including rising expenditure capacities of consumers, the significant growth in the food and beverage (F&B) industry, and widespread product adoption in the cosmetic industry, are anticipated to further drive the market toward growth.
Who are the Key Players Operating in the United States Avocado Oil Market?
The report has categorized the market based on product type, application and distribution channel.
Breakup by Product Type:
- Extra Virgin Oil
- Refined Oil
- Blends
- Others
Breakup by Application:
- Food and Beverages
- Cosmetics
- Pharmaceuticals
- Others
Breakup by Distribution Channel:
- Business to Business
- Business to Consumer
- Supermarkets/Hypermarkets
- Convenience Stores
- Online Stores
- Others
Regional Analysis:
- Northeast
- Midwest
- South
- West
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Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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