North America Avocado Oil Market Growth and Analysis by 2027
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
- Report Date : Sep 2020
- Report Code : TIPRE00014147
- Category : Consumer Goods
- Status : Published
- Available Report Formats :
- No. of Pages : 85
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)
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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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
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, Nature, Variety, Application, and Distribution Channel (Hypermarkets and Supermarkets, Specialty Stores, Online Stores, and Others
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Avocado Oil Market Landscape
4.1 Market Overview
4.2 North America PEST Analysis
4.3 Expert Opinion
5. Avocado Oil Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Heath Benefits Offered by Avocado Oil
5.1.2 Increasing Prevalence of Lifestyle Disorders
5.2 Market Restraints
5.2.1 Easy Availability of Alternatives for Avocado Oil
5.3 Market Opportunities
5.3.1 Increasing Demand for Organic Avocado Oil
5.4 Future Trends
5.4.1 Emerging Demand for Avocado Oil From Asia Pacific Region
5.5 Impact Analysis Of Drivers And Restraints
6. Avocado Oil –Market Analysis
6.1 Avocado Oil Market Overview
6.2 North America Avocado Oil Market –Revenue and Forecast to 2027 (US$ Mn)
6.3 Market Positioning – Market Players Ranking
7. Avocado Oil Market Analysis – By Type
7.1 Overview
7.2 North America Avocado Oil Market, By Type (2018 and 2027)
7.3 Extra Virgin
7.3.1 Overview
7.3.1.1 Extra Virgin: Avocado Oil Market – Revenue, and Forecast to 2027 (US$ Mn)
7.4 Virgin
7.4.1 Overview
7.4.1.1 Virgin: Avocado Oil Market – Revenue, and Forecast to 2027 (US$ Mn)
7.5 Refined
7.5.1 Overview
7.5.1.1 Refined: Avocado Oil Market – Revenue, and Forecast to 2027 (US$ Mn)
7.6 Blends
7.6.1 Overview
7.6.1.1 Blends: Avocado Oil Market – Revenue, and Forecast to 2027 (US$ Mn)
8. Avocado Oil Market Analysis – By Nature
8.1 Overview
8.2 North America Avocado Oil Market, By Nature (2018 and 2027)
8.3 Organic
8.3.1 Overview
8.3.1.1 Organic: Avocado Oil Market – Revenue and Forecast to 2027 (US$ Mn)
8.4 Conventional
8.4.1 Overview
8.4.1.1 Conventional: Avocado Oil Market – Revenue and Forecast to 2027 (US$ Mn)
9. Avocado Oil Market Analysis – By Variety
9.1 Overview
9.2 North America Avocado Oil Market, By Variety (2018 and 2027)
9.3 Hass
9.3.1 Overview
9.3.1.1 Hass: Avocado Oil Market – Revenue and Forecast to 2027 (US$ Mn)
9.4 Pinkerton
9.4.1 Overview
9.4.1.1 Pinkerton: Avocado Oil Market – Revenue and Forecast to 2027 (US$ Mn)
9.5 Fuerte
9.5.1 Overview
9.5.1.1 Fuerte: Avocado Oil Market – Revenue and Forecast to 2027 (US$ Mn)
9.6 Gwen
9.6.1 Overview
9.6.1.1 Gwen: Avocado Oil Market – Revenue and Forecast to 2027 (US$ Mn)
9.7 Others
9.7.1 Overview
9.7.1.1 Others: Avocado Oil Market – Revenue and Forecast to 2027 (US$ Mn)
10. Avocado Oil Market Analysis – By Application
10.1 Overview
10.2 North America Avocado Oil Market, By Application (2018 and 2027)
10.3 Food and Beverages
10.3.1 Overview
10.3.1.1 Food and Beverages: Avocado Oil Market – Revenue and Forecast to 2027 (US$ Mn)
10.4 Pharmaceuticals
10.4.1 Overview
10.4.1.1 Pharmaceuticals: Avocado Oil Market – Revenue and Forecast to 2027 (US$ Mn)
10.5 Cosmetics
10.5.1 Overview
10.5.1.1 Cosmetics: Avocado Oil Market – Revenue and Forecast to 2027 (US$ Mn)
10.6 Others
10.6.1 Overview
10.6.1.1 Others: Avocado Oil Market – Revenue and Forecast to 2027 (US$ Mn)
11. Avocado Oil Market Analysis – By Distribution Channel
11.1 Overview
11.2 North America Avocado Oil Market, By distribution channel (2018 and 2027)
11.3 Hypermarkets and Supermarkets
11.3.1 Overview
11.3.1.1 Hypermarkets and Supermarkets: Avocado Oil Market – Revenue and Forecast to 2027 (US$ Mn)
11.4 Specialty Stores
11.4.1 Overview
11.4.1.1 Specialty Stores: Avocado Oil Market – Revenue and Forecast to 2027 (US$ Mn)
11.5 Online Stores
11.5.1 Overview
11.5.1.1 Online Stores: Avocado Oil Market – Revenue and Forecast to 2027 (US$ Mn)
11.6 Others
11.6.1 Overview
11.6.1.1 Others: Avocado Oil Market – Revenue and Forecast to 2027 (US$ Mn)
12. Avocado Oil Market – Geographic Analysis
12.1 Overview
12.1.1 North America Avocado Oil Market Breakdown, by Key Countries
12.1.1.1 US Avocado Oil Market Revenue and Forecast to 2027 (US$ Mn)
12.1.1.1.1 US Avocado Oil Market Breakdown by Type
12.1.1.1.2 US Avocado Oil Market Breakdown by Nature
12.1.1.1.3 US Avocado Oil Market Breakdown by Variety
12.1.1.1.4 US Avocado Oil Market Breakdown by Application
12.1.1.1.5 US Avocado Oil Market Breakdown by Distribution Channel
12.1.1.2 Canada Avocado Oil Market Revenue and Forecast to 2027 (US$ Mn)
12.1.1.2.1 Canada Avocado Oil Market Breakdown by Type
12.1.1.2.2 Canada Avocado Oil Market Breakdown by Nature
12.1.1.2.3 Canada Avocado Oil Market Breakdown by Variety
12.1.1.2.4 Canada Avocado Oil Market Breakdown by Application
12.1.1.2.5 Canada Avocado Oil Market Breakdown by Distribution Channel
12.1.1.3 Mexico Avocado Oil Market Revenue and Forecast to 2027 (US$ Mn)
12.1.1.3.1 Mexico Avocado Oil Market Breakdown by Type
12.1.1.3.2 Mexico Avocado Oil Market Breakdown by Nature
12.1.1.3.3 Mexico Avocado Oil Market Breakdown by Variety
12.1.1.3.4 Mexico Avocado Oil Market Breakdown by Application
12.1.1.3.5 Mexico Avocado Oil Market Breakdown by Distribution Channel
13. Impact of COVID-19 Pandemic on North America Avocado Oil Market
13.1 North America: Impact Assessment of COVID-19 Pandemic
14. Company Profiles
14.1 CROFTS LTD
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.2 BELLA VADO, INC.
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.3 La Tourangelle, Inc.
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 Madana Inc.
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.5 Mevi Avocados, Inc
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.6 Olivado USA
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.7 Sesajal S.A de C.V.
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.8 Spectrum Organics Products, LLC (Hain Celestial Group, Inc.)
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
15. Appendix
15.1 About The Insight Partners
15.2 Word Index
LIST OF TABLES
Table 1. North America Avocado Oil Market –Revenue and Forecast to 2027 (US$ Mn)
Table 2. US Avocado Oil Market Revenue And Forecasts To 2027 – By Type (US$ Mn)
Table 3. US Avocado Oil Market Revenue And Forecasts To 2027 – By Nature (US$ Mn)
Table 4. US Avocado Oil Market Revenue And Forecasts To 2027 – By Variety (US$ Mn)
Table 5. US Avocado Oil Market Revenue And Forecasts To 2027 – By Application (US$ Mn)
Table 6. US Avocado Oil Market Revenue And Forecasts To 2027 – By Distribution Channel (US$ Mn)
Table 7. Canada Avocado Oil Market Revenue And Forecasts To 2027 – By Type (US$ Mn)
Table 8. Canada Avocado Oil Market Revenue And Forecasts To 2027 – By Nature (US$ Mn)
Table 9. Canada Avocado Oil Market Revenue And Forecasts To 2027 – By Variety (US$ Mn)
Table 10. Canada Avocado Oil Market Revenue And Forecasts To 2027 – By Application (US$ Mn)
Table 11. Canada Avocado Oil Market Revenue And Forecasts To 2027 – By Distribution Channel (US$ Mn)
Table 12. Mexico Avocado Oil Market Revenue And Forecasts To 2027 – By Type (US$ Mn)
Table 13. Mexico Avocado Oil Market Revenue And Forecasts To 2027 – By Nature (US$ Mn)
Table 14. Mexico Avocado Oil Market Revenue And Forecasts To 2027 – By Variety (US$ Mn)
Table 15. Mexico Avocado Oil Market Revenue And Forecasts To 2027 – By Application (US$ Mn)
Table 16. Mexico Avocado Oil Market Revenue And Forecasts To 2027 – By Distribution Channel (US$ Mn)
Table 17. List of Abbreviation
LIST OF FIGURES
Figure 1. North America Avocado Oil Market Segmentation
Figure 2. North America Avocado Oil Market Segmentation – By Country
Figure 3. North America Avocado Oil Market Overview
Figure 4. Food and Beverages Held Largest Share of North America Avocado Oil Market
Figure 5. US Region Held Largest Share of North America Avocado Oil Market
Figure 6. North America Avocado Oil Market, Industry Landscape
Figure 7. North America PEST Analysis
Figure 8. Expert Opinion
Figure 9. North America Avocado Oil Market Impact Analysis Of Driver And Restraints
Figure 10. North America: Avocado Oil Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 11. North America Avocado Oil Market Revenue Share, by Type (2018 and 2027)
Figure 12. North America Extra Virgin: Avocado Oil Market – Revenue, and Forecast to 2027 (US$ Mn)
Figure 13. North America Virgin: Avocado Oil Market – Revenue, and Forecast to 2027 (US$ Mn)
Figure 14. North America Refined: Avocado Oil Market – Revenue, and Forecast to 2027 (US$ Mn)
Figure 15. North America Blends: Avocado Oil Market – Revenue, and Forecast to 2027 (US$ Mn)
Figure 16. North America Avocado Oil Market Revenue Share, by Nature (2018 and 2027)
Figure 17. North America Organic: Avocado Oil Market – Revenue, and Forecast to 2027 (US$ Mn)
Figure 18. North America Conventional: Avocado Oil Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 19. North America Avocado Oil Market Revenue Share, by Variety (2018 and 2027)
Figure 20. North America Hass: Avocado Oil Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 21. North America Pinkerton: Avocado Oil Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 22. North America Fuerte: Avocado Oil Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 23. North America Gwen: Avocado Oil Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 24. North America Others: Avocado Oil Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 25. North America Avocado Oil Market Revenue Share, by Application (2018 and 2027)
Figure 26. North America Food and Beverages: Avocado Oil Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 27. North America Pharmaceuticals: Avocado Oil Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 28. North America Cosmetics: Avocado Oil Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 29. North America Others: Avocado Oil Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 30. North America Avocado Oil Market Revenue Share, by distribution channel (2018 and 2027)
Figure 31. North America Hypermarkets and Supermarkets: Avocado Oil Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 32. North America Specialty Stores: Avocado Oil Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 33. North America Online Stores: Avocado Oil Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 34. North America Others: Avocado Oil Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 35. North America Avocado Oil Market Breakdown By Key Countries, 2018 & 2027(%)
Figure 36. US Avocado Oil Market Forecasts To 2027 (US$ Mn)
Figure 37. Canada Avocado Oil Market Forecasts To 2027 (US$ Mn)
Figure 38. Mexico Avocado Oil Market Forecasts To 2027 (US$ Mn)
Figure 39. Impact of COVID-19 Pandemic in North American Country Markets
The List of Companies - North America Avocado Oil Market
- 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.)
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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