Asia Pacific Avocado Oil Market Developments and Forecast by 2027

The APAC avocado oil market is expected to grow from US$ 148.32 million in 2018 to US$ 342.73 million by 2027; it is estimated to grow at a CAGR of 9.9% from 2019 to 2027.

China, India, Australia, Japan, South Korea are major economies in APAC. The rise in lifestyle disorders such as diabetes, obesity, cardiovascular disorders, etc. due to the high consumption of high-fat butter and oils is projected to increase the demand for healthy oils such as avocado oil. Incidences of lifestyle diseases are mounting across the globe. According to the World Health Organization (WHO), more than 17 million people across the world die of cardiovascular diseases (CVD) each year, mainly due to strokes and heart attacks. Cardiovascular diseases occur almost equally among men and women. Although heart attacks and strokes are the major reason for death in major parts of the world, 80% of premature deaths causes can be avoided by controlling the main risk factors such as physical inactivity and unhealthy diet. Therefore, awareness regarding health issues and suitable precautionary measures have gained increased importance ever since. Medical experts and scientists have been researching various natural treatments for such chronic diseases. This has pushed the research on avocado oil owing to the health benefits associated with its consumption. High blood cholesterol and high blood pressure are prominent risk factors for heart disease.  Various other medical conditions and lifestyle choices also put people at a higher risk for heart disease, including overweight and obesity, diabetes, unhealthy diet, physical inactivity, and excessive alcohol use.. Therefore, increasing prevalence of cardiovascular and lifestyle disorders is boosting the demand for healthy foods and ingredients such as avocado oil.

The COVID-19 is anticipated to cause a loss of more than 3 Billion in the Asia Pacific region. The consequence and impact can be even worse and totally depends on the spread of the virus. The government of Asia Pacific is taking possible steps to reduce its effects by announcing lockdown, and thus, impact the revenue generated by the market. The Airports Council International (ACI) Asia-Pacific warned that the prolonged duration of the coronavirus (COVID-19) outbreak would drastically impact the region’s airports’ connectivity and economic sustainability, significantly restricting them from achieving previously forecasted growth prospects. Such closures are anticipated to negatively impact market growth in the coming period. Till now, China has the highest number of COVID -19 confirmed cases

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the APAC avocado oil market. The Asia Pacific avocado oil market is expected to grow at a good CAGR during the forecast period.

APAC avocado oil Market Revenue and Forecast to 2027 (US$ Mn)

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

Asia Pacific Avocado Oil Report Scope