Asia Pacific Avocado Oil Market is expected to reach US$ 342.73 Mn in 2027

Published Date: 18 Sep 2020

Report : Asia Pacific Avocado Oil Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Type (Extra Virgin, Virgin, Refined, and Blends), Nature (Organic and Conventional), Variety (Hass, Pinkerton, Fuerte, Gwen, and Others), Application (Food and Beverages, Pharmaceuticals, Cosmetics, and Others), and Distribution Channel (Hypermarkets and Supermarkets, Specialty Stores, Online Stores, and Others

Conventional to Dominate APAC avocado oil Market during 2019–2027

 

According to The Insight Partners market research study on “APAC Avocado oil Market to 2027 –  Covid-19 Impact and Analysis - by Type (Extra Virgin, Virgin, Refined, and Blends), Nature (Organic, Conventional), Variety (Hass, Pinkerton, Fuerte, Gwen, and Others), Application (Food and Beverages, Pharmaceuticals, Cosmetics, and Others), and Distribution Channel (Hypermarkets and Supermarkets, Specialty Stores, Online Stores, and Others)” is expected to reach US$ 342.73 million by 2027 from US$ 148.32 million in 2018. The market is estimated to grow at a CAGR of 9.9% from 2019 to 2027. The report provides trends prevailing in the APAC avocado oil market along with the drivers and restraints pertaining to the market growth. Various health benefits provided by avocado oil as well as an increase in concerns for lifestyle disorder are the major factors driving the growth of the APAC avocado oil market. However, issues associated with substitutes easily available for avocado oil may hinder the growth of APAC avocado oil market.

 

The market for APAC avocado oil is segmented into type, nature, variety, application and distribution channel. Based on type, the market is segmented into extra virgin, virgin, refined, and blends. In 2018, the extra virgin held the largest share in APAC avocado oil market. Based on nature the APAC avocado oil market is divided into organic and conventional. Organic is expected to be the fastest growing segment over the forecast period. On the basis of variety the APAC avocado oil market is segmented into hass, pinkerton, fuerte, gwen, and others. In 2018, Hass held the largest share in the APAC avocado oil market. On the basis of application the market is divided into food and beverages, pharmaceuticals, cosmetics, and others. The cosmetic segment is expected to be the fastest growing segment over the forecast period. Furthermore in this present scenario of COVID 19 pandemic, the APAC avocado oil market has been facing difficulties as most of the industries are facing severe impacts by the outbreak of COVID-19, and the virus critically affected several countries such as China, India, Australia among others. The majority of the countries have imposed lockdown or restricted human movement causing the industries to face a severe impact on production as a result of less labor footfall.

 

Crofts ltd; La Tourangelle Inc.; Olivado USA; Sesajal S.A. de C.V.; Spectrum Organics Products, LLC (Hain Celestial Group, Inc.) are among the leading companies in the APAC avocado oil market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2018 La Tourangelle, Inc launched a new salad dressings with flavors – avocado oil, among other flavors.


APAC avocado oil Market, By Country, 2018 and 2027 (%)

APAC avocado oil Market, By Country, 2018 and 2027 (%)

 

The report segments the APAC avocado oil market as follows:

 

APAC avocado oil market, by Type

  • Extra virgin,
  • Virgin,
  • Refined
  • Blends

APAC avocado oil market, by Nature

  • Organic
  • Conventional

APAC avocado oil market – by Variety

  • Hass
  • Pinkerton
  • Fuerte
  • Gwen
  • Others

APAC avocado oil market – By Application

  • Food and Beverages
  • Pharmaceuticals
  • Cosmetics
  • Others

 

APAC avocado oil market – By distribution channel

  • Hypermarkets and Supermarkets
  • Specialty Stores
  • Online Stores
  • Others

 

APAC avocado oil market – By Country

  • Australia
  • China
  • India
  • Japan
  • South Korea
  • Rest of APAC
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