The 2023 report on the “Extra Virgin Avocado Oil Market” presents a thorough and accurate examination of different factors pertaining to business expansion prospects, challenges, risk elements, and trends in all geographical regions. This report delivers current information on the most recent technological developments, along with SWOT and PESTLE analysis, and valuable insights on market size.
Global Extra Virgin Avocado Oil Market to reach USD $ billion by 2027. Global Extra Virgin Avocado Oil Market is valued approximately at USD $ Billion in 2020 and is anticipated to grow with a healthy growth rate of more than $ over the forecast period 2021-2027. Extra Virgin Avocado Oil is produced through cold-pressed extraction with no heat or chemicals added. It retains its natural antioxidants and vitamins as there is least processed form in manufacturing the oil. It is rich in nutrients including Vitamin E, monounsaturated fat, potassium, Vitamin K, Vitamin C among others. The global Extra Virgin Avocado Oil market is driven by growing production of avocado worldwide. According to Statista, there has been an increase in avocado production globally from 6.01 million metric tons in 2017 to 7.18 million metric tons in 2019.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
Another important driving factor is the increasing product launches. For instance, in August 2019, Black & Green launched India’s first extra virgin Avocado oil. Furthermore, the increasing adoption of healthy lifestyle, rising consumer awareness regarding health benefits of Extra Virgin Avocado Oils, enhancing e-commerce coverage and rising chronic diseases will provide new opportunities for the global Extra Virgin Avocado Oil industry. However, high cost of products and short shelf life may impede market growth over the forecast period of 2021-2027.
The regional analysis for the global Extra Virgin Avocado Oil Market is based on the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading region across the world in terms of market share owing to rise in prevalence of obesity and heart diseases and high consumption of avocado. Whereas Latin America is anticipated to exhibit the highest CAGR over the forecast period 2021-2027 due technological development in avocado harvesting and rising adoption of healthy lifestyle.
Major market player included in this report are:
Aceitera Mevi M?(C)xico SA de CV
Aconcagua Oil & Extract SA
Avocado Oil New Zealand Ltd (Grove Avocado Oil)
Bella Vado, Inc.
CalPure Foods, Inc.
Crofts Ltd.
Mt. Kenya Fresh Avocados
Nobel Foods
Olivado Ltd.
Westfalia Fruit (Pty) Ltd.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Application offerings of key players. The detailed segments and sub-segment of the market are explained below:
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By Application:
Food & Beverage
Cosmetic
By Distribution Channel:
Supermarkets/Hypermarkets
Convenience Store
Online store
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Some of the Key Questions Answered in this Report:
- Market dimension: What is the size of the market at the regional and country level?
- Drivers, restraints, opportunities, and challenges: What are the key factors influencing the market and how are they expected to impact it?
- International revenue, manufacturing value, consumption value, import and export: What is the economic value and trade dynamics of the market across different regions (North America, Europe, Asia-Pacific, South America, Middle East and Africa)?
- Key producers and their working state of affairs: Who are the leading manufacturers in the market industry and what is their current capacity, production, sales, pricing, costs, gross, and revenue?
- Possibilities and threats for market carriers: What opportunities and challenges are faced by the vendors in the global market industry?
- Incremental growth prospects for application/end-users and product types: Which specific applications or product types are expected to experience growth opportunities? What is the market share of each type and application?
- Targeted strategies and constraints: What strategies are being implemented and what constraints are affecting the market?
- Sales, marketing, and distribution channels: What are the different channels used for sales, marketing, and distribution in the global industry?
- Upstream raw materials, production equipment, and manufacturing process: What are the raw materials, production equipment, and manufacturing processes involved in the market?
- Key market trends: What are the significant trends impacting the growth of the market?
- Economic impact and development trends: How does the market industry impact the economy, and what are the development trends within the market?
Overall, the report provides comprehensive insights into the market’s size, drivers, challenges, key players, opportunities, trends, and economic impact, offering a holistic understanding of the market industry.
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