According to the latest report by Renub Research, titled "Avocado Oil Market Global Analysis by Products, Region, Application" Avocado oil is coming into the mainstream cooking process; it is replacing traditional cooking oil due to the presence of numerous vitamins, proteins, fibres, minerals and antioxidants. Besides cooking the use of avocado in the cosmetics industry has become a trend. Its oil is used for the treatment of acne, reduction of blemishes, wrinkles and dry skin due to its regenerative and moisturizing properties.
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Avocado is also helpful for patients suffering from health problems like high cholesterol and heart disease. Avocado is also used in maintaining healthy body weight; due to this reason, people suffering from obesity are consuming this oil daily. Other benefits of this oil, it doesn’t contain cholesterol and sodium, due to this it helps in maintaining the level of LDL (Low-Density Lipoprotein), HDL (High-Density Lipoprotein) and Triglycerides. This oil is used in multiple industries, and the Avocado Oil Market is expected to be US$ 787.6 Million by the end of the year 2026.
COVID-19 Impact on Avocado Oil Market
COVID-19 has stopped commercial activities around the world, the lockdown has been imposed by the government around the world, and the cycle of the supply chain is broken due to lack of workforce in the industrial sector. Food is the only sector which has got relaxation during this period, and food companies are in collaborating with food delivery services. Customers are avoiding visiting departmental store but purchasing items through online methods. Avocado oil is also available in online stores along with other food items, where consumers are buying it and getting delivery at their doorsteps.
Scientist and health experts around the world are researching avocado oil for its use in the natural treatment of chronic disease. With rising awareness about health benefits of this oil, people are using this oil in their daily need as compared to other oil. Avocado oil is also used in various food items just like bakery, frozen dessert, salad dressing, sweet and savoury snacks.
Avocado oil comes in various categories like virgin, extra virgin and refined oil, based on category its oil also changes from golden, light yellow, light green. The market for extra virgin avocado is growing at a faster rate as compared to other types, for its superior quality at a lower temperature without any additional chemical. Rising awareness about healthy food is one of the growth factors for the avocado oil market, consumers are buying this oil without any price concern, as per capita income of the world is growing with the rise of middle-class population in developed and developing countries.
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Product: This research report has covered market, market share, volume and volume share of following types of Products: Virgin Oil, Extra Virgin Oil and Refined Oil. According to Renub Research analysis, Extra Virgin Oil is dominating the market.
Region: This market, market share, volume and volume share of the following regions is given in this report: Asia – Pacific, Europe, America and the Middle East & Africa). North America holds significant market share according to Renub Research report.
Application: Avocado Oil is used in multiple applications, and this research report has covered market and market share of following applications: Foods & Beverages Processing, Functional Foods & Dietary Supplements and Others applications. According to Renub Research analysis, Functional Food & Dietary supplements have the biggest share as compared to other applications covered in the report.
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