The new report by Expert Market Research titled, ‘Europe Avocado Oil Market Size, Share, Growth, Analysis, Report and Forecast 2023-2028’, gives an in-depth analysis of the avocado oil market in Europe, assessing the market based on its end-use and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.
The key highlights of the report include:
Market Overview (2018-2028)
- Forecast CAGR (2021-2026): 6%
- Forecast Market Size (2026): USD 87 Million
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The growth in the Europe Avocado Oil Market is induced by the growing understanding of the rich nutritional profile of avocado oil. Through an uptick in nutritional awareness, consumers are now able to incorporate healthier foods into their daily eating habits. Avocado oil is marketed as an instant, healthier alternative to olive oil as well as to other cooking and dressing oils. Changes in consumer purchase preferences, such as first noting the nutritional content of a food product and the propensity for new and healthier items, serve as a major driving force for the market for avocado oil in Europe.
Europe Avocado Oil Industry Definition and Major Segments
Avocado is a tropical fruit, mostly native to South America, although it is now commonly cultivated in other tropical regions and some Mediterranean regions of the world as demand increases. Avocado contains 5-30% oil depending on the variety and is extracted by cold pressing or by solvent extraction.
Based on nature, the market is divided into:
Based on product type, the industry is segmented into:
- Extra-Virgin Oil
- Refined Oil
Based on application, the market can be categorised as:
- Food and Beverages
- Cosmetics and Personal Care
Based on distribution channel, the market is divided into:
- Business to Business
- Business to Consumer
- Supermarkets/ Hypermarkets
- Convenience Stores
On the basis of region, the market is divided into:
- United Kingdom
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Europe Avocado Oil Market Trends
Consumers are increasingly replacing butter and vegetable oils with high amounts of saturated fats with avocado oil, which has a higher content of beneficiary fatty acids. A considerable number of avocados have been produced that are discarded, i.e., either left to rot or fed to livestock. They are especially unsuitable for export due to their short shelf life. This provides a huge incentive for local producers to convert them into high-value-added products, such as avocado oil. In addition to providing an alternative source of income for avocado farmers through the manufacture of avocado oil, it is likely to minimise the risk of waste loss through establishing a direct partnership with farms to acquire avocado feedstock or to provide processing capabilities in or near farms. This is very advantageous for regional markets, especially Europe.
Key Market Players
The major players in the market are Spack BV, Gustav Heess Oleochemische Erzeugnisse GmbH, Henry Lamotte Oils GmbH, Hunter & Gather Foods Ltd., among Others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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