Growth Factors of Avocado Oil Market
The global avocado oil market is gaining significant traction due to rising consumer awareness about health and wellness, growing demand for clean-label products, and a noticeable shift towards plant-based and functional food ingredients. According to Fortune Business Insights, the market size was valued at USD 553.9 million in 2023 and is projected to grow from USD 598.6 million in 2024 to USD 1,060.9 million by 2032, highlighting robust growth prospects for the industry over the coming years.
Health and Wellness Trends Drive Consumption
A key factor driving the growth of the avocado oil market is the increasing inclination toward nutritional and heart-healthy cooking oils. Avocado oil is rich in monounsaturated fats, antioxidants like lutein, and essential vitamins such as A, D, and E. These attributes have made it a preferred choice among health-conscious consumers, especially in North America and Europe.
The oil’s high smoke point also makes it suitable for various cooking applications such as sautéing, frying, and grilling—driving its use in both household and foodservice sectors. Furthermore, the rise of ketogenic and paleo diets has further propelled demand, with avocado oil often marketed as a natural, cold-pressed, and chemical-free alternative to traditional oils.
Expanding Applications in Cosmetics and Pharmaceuticals
Beyond food and beverages, avocado oil is increasingly used in cosmetic and personal care products due to its moisturizing and regenerative properties. Skincare brands are utilizing the oil in lotions, face creams, shampoos, and serums to appeal to consumers demanding natural and organic ingredients.
Moreover, the pharmaceutical sector is incorporating avocado oil for its anti-inflammatory and antioxidant effects, particularly in topical ointments and nutritional supplements, opening up additional avenues for market expansion.
Regional Insights
North America holds the largest market share, driven by rising demand for clean-label oils, presence of health-conscious consumer bases, and significant penetration in retail channels across the U.S. and Canada.
Europe is witnessing steady growth due to increased awareness of plant-based alternatives and high adoption of organic and cold-pressed oils in the U.K., Germany, and France.
Asia Pacific is emerging as a fast-growing region with expanding middle-class populations, increasing disposable income, and growing awareness of healthy cooking practices. Countries like China, Japan, and India are showing strong uptake, especially among urban populations.
Latin America, particularly Mexico, plays a dual role as both a significant producer and consumer. Mexico remains a global leader in avocado cultivation, with abundant raw material availability supporting oil extraction and export potential.
Product Segmentation and Distribution Channels
The avocado oil market is segmented based on type and end-use application:
By Type:
Extra Virgin Avocado Oil
Refined Avocado Oil
Blends
By Application:
Food & Beverage
Pharmaceuticals
Cosmetics & Personal Care
Others
By Distribution Channel:
Supermarkets/Hypermarkets
Specialty Stores
Online Retail
Others
Extra virgin avocado oil leads the segment due to its purity, nutrient retention, and rising popularity among premium consumers. Online retail is becoming a dominant sales channel as digital penetration expands and consumers seek convenient access to niche health products.
Key Market Players
Major companies operating in the avocado oil market include:
Chosen Foods LLC
Olivado USA
Bella Vado Inc.
La Tourangelle
Grupo Industrial Batellero S.A. de C.V.
Avocado Oil New Zealand Ltd.
Now Health Group, Inc.
NHR Organic Oils
The Village Press
Spectrum Organics Products, LLC
These companies focus on expanding organic product portfolios, investing in cold-press technology, and entering new distribution channels. Mergers, acquisitions, and product launches are also common strategies used to expand their global footprint.
Strategic Outlook
With growing demand across food, cosmetics, and wellness sectors, the global avocado oil market is poised for continued expansion. Sustainable sourcing, organic certifications, and traceable supply chains will play a critical role in shaping consumer preference and industry growth. Over the forecast period, health trends, dietary shifts, and product innovation will remain central to market evolution, making avocado oil a high-potential segment within the broader edible oils industry.
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Unit Value (USD Million)
Growth Rate CAGR of 7.48% from 2024 to 2032
Segmentation By Type
Extra Virgin Oil
Virgin Oil
Pure/Refined Oil
Blend
By Application
Food and Beverages
Pharmaceuticals and Medicinal Formulations
Personal Care and Cosmetics
Others
By Region
North America (By Type, Application, and Country)
U.S. (By Application)
Canada (By Application)
Mexico (By Application)
Europe (By Type, Application, and Country)
U.K. (By Application)
France (By Application)
Germany (By Application)
Italy (By Application)
Spain (By Application)
Rest of Europe (By Application)
Asia Pacific (By Type, Application, and Country)
China (By Application)
India (By Application)
Japan (By Application)
Australia (By Application)
Rest of Asia Pacific (By Application)
South America (By Type, Application, and Country)
Brazil (By Application)
Chile (By Application)
Rest of South America (By Application)
Middle East and Africa (By Type, Application, and Country)
South Africa (By Application)
UAE (By Application)
Rest of ME&A (By Application)
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Overview of the Parent/Related Markets
- 4.2. Analysis on Global Demand of Different Types of Avocado Oil
- 4.3. Supply Chain and Trade Analysis
- 4.4. Recent Industry Developments - Policies, Mergers & Acquisitions, and New Product Launches
- 4.5. Market Analysis and Insights (in Relation with COVID-19)
- 4.5.1. Impact of COVID-19 on the Market
- 4.5.2. Supply Chain Challenges due to the Pandemic
- 4.5.3. Potential Opportunities Due to COVID-19
- 5. Global Avocado Oil Market Analysis, Insights and Forecast, 2019-2032
- 5.1. Key Findings / Summary
- 5.2. Market Size Estimates and Forecast
- 5.2.1. By Type (Value)
- 5.2.1.1. Extra Virgin Oil
- 5.2.1.2. Virgin Oil
- 5.2.1.3. Pure/Refined Oil
- 5.2.1.4. Blend
- 5.2.2. By Application (Value)
- 5.2.2.1. Food & Beverages
- 5.2.2.2. Pharmaceuticals and Medicinal Formulations
- 5.2.2.3. Personal Care & Cosmetics
- 5.2.2.4. Others
- 5.2.3. By Region (Value)
- 5.2.3.1. North America
- 5.2.3.2. Europe
- 5.2.3.3. Asia Pacific
- 5.2.3.4. South America
- 5.2.3.5. Middle East & Africa
- 6. North America Avocado Oil Market Analysis, Insights and Forecast, 2019-2032
- 6.1. Key Findings / Summary
- 6.2. Market Size Estimates and Forecast
- 6.2.1. By Type (Value)
- 6.2.1.1. Extra Virgin Oil
- 6.2.1.2. Virgin Oil
- 6.2.1.3. Pure/Refined Oil
- 6.2.1.4. Blend
- 6.2.2. By Application (Value)
- 6.2.2.1. Food & Beverages
- 6.2.2.2. Pharmaceuticals and Medicinal Formulations
- 6.2.2.3. Personal Care & Cosmetics
- 6.2.2.4. Others
- 6.2.3. By Country (Value)
- 6.2.3.1. The U.S.
- 6.2.3.1.1. By Application (Value)
- 6.2.3.1.1.1. Food & Beverages
- 6.2.3.1.1.2. Pharmaceuticals and Medicinal Formulations
- 6.2.3.1.1.3. Personal Care & Cosmetics
- 6.2.3.1.1.4. Others
- 6.2.3.2. Canada
- 6.2.3.2.1. By Application (Value)
- 6.2.3.2.1.1. Food & Beverages
- 6.2.3.2.1.2. Pharmaceuticals and Medicinal Formulations
- 6.2.3.2.1.3. Personal Care & Cosmetics
- 6.2.3.2.1.4. Others
- 6.2.3.3. Mexico
- 6.2.3.3.1. By Application (Value)
- 6.2.3.3.1.1. Food & Beverages
- 6.2.3.3.1.2. Pharmaceuticals and Medicinal Formulations
- 6.2.3.3.1.3. Personal Care & Cosmetics
- 6.2.3.3.1.4. Others
- 7. Europe Avocado Oil Market Analysis, Insights and Forecast, 2019-2032
- 7.1. Key Findings / Summary
- 7.2. Market Size Estimates and Forecast
- 7.2.1. By Type (Value)
- 7.2.1.1. Extra Virgin Oil
- 7.2.1.2. Virgin Oil
- 7.2.1.3. Pure/Refined Oil
- 7.2.1.4. Blend
- 7.2.2. By Application (Value)
- 7.2.2.1. Food & Beverages
- 7.2.2.2. Pharmaceuticals and Medicinal Formulations
- 7.2.2.3. Personal Care & Cosmetics
- 7.2.2.4. Others
- 7.2.3. By Country (Value)
- 7.2.3.1. U.K.
- 7.2.3.1.1. By Application (Value)
- 7.2.3.1.1.1. Food & Beverages
- 7.2.3.1.1.2. Pharmaceuticals and Medicinal Formulations
- 7.2.3.1.1.3. Personal Care & Cosmetics
- 7.2.3.1.1.4. Others
- 7.2.3.2. France
- 7.2.3.2.1. By Application (Value)
- 7.2.3.2.1.1. Food & Beverages
- 7.2.3.2.1.2. Pharmaceuticals and Medicinal Formulations
- 7.2.3.2.1.3. Personal Care & Cosmetics
- 7.2.3.2.1.4. Others
- 7.2.3.3. Germany
- 7.2.3.3.1. By Application (Value)
- 7.2.3.3.1.1. Food & Beverages
- 7.2.3.3.1.2. Pharmaceuticals and Medicinal Formulations
- 7.2.3.3.1.3. Personal Care & Cosmetics
- 7.2.3.3.1.4. Others
- 7.2.3.4. Italy
- 7.2.3.4.1. By Application (Value)
- 7.2.3.4.1.1. Food & Beverages
- 7.2.3.4.1.2. Pharmaceuticals and Medicinal Formulations
- 7.2.3.4.1.3. Personal Care & Cosmetics
- 7.2.3.4.1.4. Others
- 7.2.3.5. Spain
- 7.2.3.5.1. By Application (Value)
- 7.2.3.5.1.1. Food & Beverages
- 7.2.3.5.1.2. Pharmaceuticals and Medicinal Formulations
- 7.2.3.5.1.3. Personal Care & Cosmetics
- 7.2.3.5.1.4. Others
- 7.2.3.6. Rest of Europe
- 7.2.3.6.1. By Application (Value)
- 7.2.3.6.1.1. Food & Beverages
- 7.2.3.6.1.2. Pharmaceuticals and Medicinal Formulations
- 7.2.3.6.1.3. Personal Care & Cosmetics
- 7.2.3.6.1.4. Others
- 8. Asia Pacific Avocado Oil Market Analysis, Insights and Forecast, 2019-2032
- 8.1. Key Findings / Summary
- 8.1.1. Market Size Estimates and Forecast
- 8.1.2. By Type (Value)
- 8.1.2.1. Extra Virgin Oil
- 8.1.2.2. Virgin Oil
- 8.1.2.3. Pure/Refined Oil
- 8.1.2.4. Blend
- 8.1.3. By Application (Value)
- 8.1.3.1. Food & Beverages
- 8.1.3.2. Pharmaceuticals and Medicinal Formulations
- 8.1.3.3. Personal Care & Cosmetics
- 8.1.3.4. Others
- 8.1.4. By Country (Value)
- 8.1.4.1. China
- 8.1.4.1.1. By Application (Value)
- 8.1.4.1.1.1. Food & Beverages
- 8.1.4.1.1.2. Pharmaceuticals and Medicinal Formulations
- 8.1.4.1.1.3. Personal Care & Cosmetics
- 8.1.4.1.1.4. Others
- 8.1.4.2. India
- 8.1.4.2.1. By Application (Value)
- 8.1.4.2.1.1. Food & Beverages
- 8.1.4.2.1.2. Pharmaceuticals and Medicinal Formulations
- 8.1.4.2.1.3. Personal Care & Cosmetics
- 8.1.4.2.1.4. Others
- 8.1.4.3. Japan
- 8.1.4.3.1. By Application (Value)
- 8.1.4.3.1.1. Food & Beverages
- 8.1.4.3.1.2. Pharmaceuticals and Medicinal Formulations
- 8.1.4.3.1.3. Personal Care & Cosmetics
- 8.1.4.3.1.4. Others
- 8.1.4.4. Australia
- 8.1.4.4.1. By Application (Value)
- 8.1.4.4.1.1. Food & Beverages
- 8.1.4.4.1.2. Pharmaceuticals and Medicinal Formulations
- 8.1.4.4.1.3. Personal Care & Cosmetics
- 8.1.4.4.1.4. Others
- 8.1.4.5. Rest of Asia Pacific
- 8.1.4.5.1. By Application (Value)
- 8.1.4.5.1.1. Food & Beverages
- 8.1.4.5.1.2. Pharmaceuticals and Medicinal Formulations
- 8.1.4.5.1.3. Personal Care & Cosmetics
- 8.1.4.5.1.4. Others
- 9. South America Avocado Oil Market Analysis, Insights and Forecast, 2019-2032
- 9.1. Key Findings / Summary
- 9.1.1. Market Size Estimates and Forecast
- 9.1.2. By Type (Value)
- 9.1.2.1. Extra Virgin Oil
- 9.1.2.2. Virgin Oil
- 9.1.2.3. Pure/Refined Oil
- 9.1.2.4. Blend
- 9.1.2.5. Tea Tree
- 9.1.2.6. Others
- 9.1.3. By Application (Value)
- 9.1.3.1. Food & Beverages
- 9.1.3.2. Pharmaceuticals and Medicinal Formulations
- 9.1.3.3. Personal Care & Cosmetics
- 9.1.3.4. Others
- 9.1.4. By Country (Value)
- 9.1.4.1. Brazil
- 9.1.4.1.1. By Application (Value)
- 9.1.4.1.1.1. Food & Beverages
- 9.1.4.1.1.2. Pharmaceuticals and Medicinal Formulations
- 9.1.4.1.1.3. Personal Care & Cosmetics
- 9.1.4.1.1.4. Others
- 9.1.4.2. Chile
- 9.1.4.2.1. By Application (Value)
- 9.1.4.2.1.1. Food & Beverages
- 9.1.4.2.1.2. Pharmaceuticals and Medicinal Formulations
- 9.1.4.2.1.3. Personal Care & Cosmetics
- 9.1.4.2.1.4. Others
- 9.1.4.3. Rest of South America
- 9.1.4.3.1. By Application (Value)
- 9.1.4.3.1.1. Food & Beverages
- 9.1.4.3.1.2. Pharmaceuticals and Medicinal Formulations
- 9.1.4.3.1.3. Personal Care & Cosmetics
- 9.1.4.3.1.4. Others
- 10. Middle East and Africa Avocado Oil Market Analysis, Insights and Forecast, 2019-2032
- 10.1. Key Findings / Summary
- 10.1.1. Market Size Estimates and Forecast
- 10.1.2. By Type (Value)
- 10.1.2.1. Extra Virgin Oil
- 10.1.2.2. Virgin Oil
- 10.1.2.3. Pure/Refined Oil
- 10.1.2.4. Blend
- 10.1.3. By Application (Value)
- 10.1.3.1. Food & Beverages
- 10.1.3.2. Pharmaceuticals and Medicinal Formulations
- 10.1.3.3. Personal Care & Cosmetics
- 10.1.3.4. Others
- 10.1.4. By Country (Value)
- 10.1.4.1. South Africa
- 10.1.4.1.1. By Application (Value)
- 10.1.4.1.1.1. Food & Beverages
- 10.1.4.1.1.2. Pharmaceuticals and Medicinal Formulations
- 10.1.4.1.1.3. Personal Care & Cosmetics
- 10.1.4.1.1.4. Others
- 10.1.4.2. UAE
- 10.1.4.2.1. By Application (Value)
- 10.1.4.2.1.1. Food & Beverages
- 10.1.4.2.1.2. Personal Care & Cosmetics
- 10.1.4.2.1.3. Pharmaceuticals and Medicinal Formulations
- 10.1.4.2.1.4. Others
- 10.1.4.3. Rest of Middle East & Africa
- 10.1.4.3.1. By Application (Value)
- 10.1.4.3.1.1. Food & Beverages
- 10.1.4.3.1.2. Pharmaceuticals and Medicinal Formulations
- 10.1.4.3.1.3. Personal Care & Cosmetics
- 10.1.4.3.1.4. Others
- 11. Competitive Matrix
- 11.1. Global Market Share/Ranking Analysis
- 11.2. Competition Dashboard – Strategy Analysis
- 11.3. Company Profiles
- 11.3.1. Spectrum Organics Products, LLC
- 11.3.1.1. Overview
- 11.3.1.2. Description
- 11.3.1.3. Type Portfolio
- 11.3.1.4. Financials (Data as available in public domain and/or on paid databases)
- 11.3.1.5. Recent Developments
- 11.3.2. Bella Vado Inc.
- 11.3.2.1. Overview
- 11.3.2.2. Description
- 11.3.2.3. Type Portfolio
- 11.3.2.4. Financials (Data as available in public domain and/or on paid databases)
- 11.3.2.5. Recent Developments
- 11.3.3. The Village Press
- 11.3.3.1. Overview
- 11.3.3.2. Description
- 11.3.3.3. Type Portfolio
- 11.3.3.4. Financials (Data as available in public domain and/or on paid databases)
- 11.3.3.5. Recent Developments
- 11.3.4. La Tourangelle, Inc.
- 11.3.4.1. Overview
- 11.3.4.2. Description
- 11.3.4.3. Type Portfolio
- 11.3.4.4. Financials (Data as available in public domain and/or on paid databases)
- 11.3.4.5. Recent Developments
- 11.3.5. Proteco Gold Pty Ltd.
- 11.3.5.1. Overview
- 11.3.5.2. Description
- 11.3.5.3. Type Portfolio
- 11.3.5.4. Financials (Data as available in public domain and/or on paid databases)
- 11.3.5.5. Recent Developments
- 11.3.6. Sesajal S.A de C.V.
- 11.3.6.1. Overview
- 11.3.6.2. Description
- 11.3.6.3. Type Portfolio
- 11.3.6.4. Financials (Data as available in public domain and/or on paid databases)
- 11.3.6.5. Recent Developments
- 11.3.7. Grupo Industrial Batellero
- 11.3.7.1. Overview
- 11.3.7.2. Description
- 11.3.7.3. Type Portfolio
- 11.3.7.4. Financials (Data as available in public domain and/or on paid databases)
- 11.3.7.5. Recent Developments
- 11.3.8. Grove Avocado Oil
- 11.3.8.1. Overview
- 11.3.8.2. Description
- 11.3.8.3. Type Portfolio
- 11.3.8.4. Financials (Data as available in public domain and/or on paid databases)
- 11.3.8.5. Recent Developments
- 11.3.9. Cibaria International
- 11.3.9.1. Overview
- 11.3.9.2. Description
- 11.3.9.3. Type Portfolio
- 11.3.9.4. Financials (Data as available in public domain and/or on paid databases)
- 11.3.9.5. Recent Developments
- 11.3.10. Olivado USA
- 11.3.10.1. Overview
- 11.3.10.2. Description
- 11.3.10.3. Type Portfolio
- 11.3.10.4. Financials (Data as available in public domain and/or on paid databases)
- 11.3.10.5. Recent Developments
- 12. Strategic Recommendations
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