North America Avocado Oil Market Growth and Analysis by 2027

The North America avocado oil market is expected to grow from US$ 281.73 million in 2018 to US$ 618.66 million by 2027; it is estimated to grow at a CAGR of 9.2% from 2019 to 2027.

US, Canada and Mexico are major economies in North America. 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. Likewise, according to North American Heart Network AISBL, each year, cardiovascular disease (CVD) causes 3.9 million deaths in North America and over 1.8 million deaths in the North American Union (EU). CVD accounts for 45% of all deaths in North America and 37% of all deaths in the EU. Therefore, increasing prevalence of cardiovascular and lifestyle disorders is boosting the demand for healthy foods and ingredients such as avocado oil.

As the COVID 19 pandemic continues to grow, it has hampered the avocado oil market in North America. The major countries in the North America region are under lockdown. In many countries of North America, where the newest strain of the coronavirus (COVID-19) has made an impact, isolation and social distancing measures have been put in place. The lesser production of goods and commodities is hampering the growth of North America avocado oil market as the demand for these solution has weekend over the past couple of months.

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 North America avocado oil market. The North America avocado oil market is expected to grow at a good CAGR during the forecast period.

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

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

North America Avocado Oil Report Scope