Latin America Avocado Oil Market Report and Forecast 2023-2028

Latin America Avocado Oil Market Report and Forecast 2023-2028

Market Outlook

According to the report by Expert Market Research (EMR), 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.

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 EMR 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 by Expert Market Research are as follows:

• SESAJAL SA de CV
• Nobel Foods, S.A. DE C.V
• Grupo MaDiVi SA de CV
• Diricom, S.A. de C.V.
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.