Avocado is a fruit originating from Central America and belongs to the Lauraceae plant family. The name “avocado” is a derivative of an Aztec word ‘ahuacatl’ referring to the oval shape of the fruit. There is a vast variety of avocado kinds; all differ in shape and color. The most popular is Hass avocado with a dark green peel that becomes purplish-black when ripe.
Avocado is rich in monounsaturated fat (oleic acid). It also contains omega-3-6-9 fatty acids, vitamin E and B, potassium, and carotenoids, such as zeaxanthin and lutein. This has made the fruit popular with those sticking to keto, vegetarian, and vegan diets.
Refined avocado oil is also widely praised for its cooking properties. The smoke point of 270 Celsius makes it one of the safest vegetable oils to be used for frying food. So in this post, we’ve decided to take a closer look at the avocado oil market. Keep on reading, if you’re interested to learn how it’s going and what to expect from it in the foreseeable future.
Avocado oil has a smooth taste, a little buttery, a little nutty. Its color varies depending on the production process and the type of oil: while extra virgin oil has a saturated golden shade, refined is pale yellow. It is made from fruit pulp and inherits its health benefits.
The oil is also widely used in pharmaceutical and cosmetics production niches. For medical use, it is valuable due to its health benefits for the heart, blood flow, eyes, and nerves. In the beauty industry, it is in demand thanks to its nutritional and emollient properties helping with dryness, wrinkles, and acne problems.
In 2022, the avocado oil market size was 550.7 million dollars. Experts suggest it will keep growing with an estimated CAGR between 5.48% and 5.8%. Using a CAGR of 5.5% for calculations, we can assume that by 2027, the market size will reach 719.74 million dollars.