North America Avocado Oil Market is expected to reach US$ 618.66 Mn by 2027


PRESS RELEASE BY The Insight Partners 15 Sep 2020

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Extra Virgin oil to Dominate North America avocado oil Market during 2019–2027

 

According to The Insight Partners market research study on “North America 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$ 618.66 million by 2027 from US$ 281.73 million in 2018. The market is estimated to grow at a CAGR of 9.2% from 2019 to 2027. The report provides trends prevailing in the North America avocado oil market along with the drivers and restraints pertaining to the market growth. Health benefits offered by avocado oil as well as an increasing prevalence in the lifestyle disorder are the major factors driving the growth of the North America avocado oil market. However, issues associated with easy availability of alternatives for avocado oil may hinder the growth of North America avocado oil market.

 

The market for North America 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 North America avocado oil market. Based on nature the North America 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 North America avocado oil market is segmented into hass, pinkerton, fuerte, gwen, and others. In 2018, Hass held the largest share in the North America 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 North America 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 US, Canada, and Mexico 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.

 

Bella Vado, Inc.; Crofts ltd; La Tourangelle Inc.; Madana Inc.; Mevi Avocados Inc.; Olivado USA; Sesajal S.A. de C.V.; Spectrum Organics Products, LLC (Hain Celestial Group, Inc.) are among the leading companies in the North America 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.


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

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

North America Avocado Oil Market to Grow at a CAGR of 9.2% to reach US$ 618.66 Million from 2020 to 2027

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North America Avocado Oil Market Forecast to 2027 - COVID-19 Impact and Regional 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


 

The report segments the North America avocado oil market as follows:

 

North America avocado oil market, by Type

  • Extra virgin,
  • Virgin,
  • Refined
  • Blends

North America avocado oil market, by Nature

  • Organic
  • Conventional

North America avocado oil market – by Variety

  • Hass
  • Pinkerton
  • Fuerte
  • Gwen
  • Others

North America avocado oil market – By Application

  • Food and Beverages
  • Pharmaceuticals
  • Cosmetics
  • Others

 

North America avocado oil market – By distribution channel

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

 

North America avocado oil market – By Country

  • US
  • Canada
  • Mexico
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