Global Avocado Oil Market 2017-2021
About Avocado Oil
Avocado is a mild-flavored fruit that is native to Central America. It is a large fruit with a single seed. It has green skin and is usually egg-shaped, pear-shaped, or spherical. It is grown across the globe in tropical and Mediterranean climates. It is also called as alligator pear and as butter pear because it has oily (fatty) flesh. Avocados are available throughout the year. Mexico is the largest producer of avocado. It is highly rich in nutrients.Technavio’s analysts forecast the global avocado oil market to grow at a CAGR of 13.32% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global avocado oil market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Avocado Oil Market 2017-2021
Technavio recognizes the following companies as the key players in the global avocado oil market: Bella Vado, CHOSEN FOODS, NOBEL FOODS, and Sesajal.
Other Prominent Vendors in the market are: ACADO, AMD Oil Sales, Avoolio, BIO PLANÈTE, Kevala, LA TOURANGELLE, Olivado, and Storino's Quality Products.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is natural oil blends and flavored avocado oil. Edible oils are usually mixed with other oils to obtain the benefits of mixed oils. Oils that are blended are selected cautiously such that the characteristics of each oil can complement each other and enhance the value of the blended oil. Avocado oil is usually blended with coconut oil, safflower oil, olive oil, almond oil, shea butter, grapeseed seed oil, and more.”
According to the report, one driver in the market is high smoke point. Avocado oil offers several benefits as a cooking oil. Avocado oil is heat-stable and is one of the ideal options for cooking at high temperatures. This is because avocado oil has a higher smoke point than other oils. Smoke point is the temperature at which the oil breaks down and starts to smoke while cooking. At this temperature, the oil loses its structure, properties, and nutritional values. Oils that have a high smoke point and high nutritional benefits are considered as healthy and ideal for many cooking styles and methods.
Further, the report states that one challenge in the market is stiff competition from other oils. Avocado oil faces stiff competition from other essential oils. Consumers intend to take healthier oils for improving health conditions. Oils like canola oil, rice bran oil, and olive oil are some of the oils that are considered healthy for consumption. Apart from that, avocado oil can also be substituted by argan oil, coconut oil, flaxseed oil, lavender oil, and others for treating skin problems. These oils are easily available in the market easily and have greater penetration.
Bella Vado, CHOSEN FOODS, NOBEL FOODS, Sesajal, ACADO, AMD Oil Sales, Avoolio, BIO PLANÈTE, Kevala, LA TOURANGELLE, Olivado, and Storino's Quality Products.
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