Global Avocado Oil Market is Gaining Significant Traction in Emerging Economies as Major Market Player Black & Green Introduces India’s First Extra Virgin Avocado Oil

 

Avocado oil is a very good fat that helps to keep skin soft and smooth. With its rich source of vitamins, antioxidants, amino acids, phytosterols, linoleic acid, and other nutrients, it is considered an important part of the body's defense against aging and diseases. Avocado oil has become one of the most popular ingredients used in making creams and lotions. In fact, avocado oil is used for making skincare products that have anti-aging properties. It also helps to moisturize and prevent wrinkle formation on the skin and helps to make skin appear younger. There are several benefits of this oil. It is considered an effective moisturizer and has been found to be very helpful in healing acne scars.

Rising health awareness among consumers is expected to drive growth the global avocado oil market during the forecast period. Avocado oil is full of rich nutrients and has a positive perception among experts and consumers. There has been a significant rise in health issues such as chronic diseases and heart diseases, which has necessitated the adoption of healthier products such as healthy avocado oil. The avocado oil has the optimum level of antioxidants along with good fatty acids. These key properties are beneficial in maintaining a healthy lifestyle. Furthermore, avocadoes do not contain cholesterol and sodium, thereby it helps to reduce blood triglycerides. According to the Centers for Disease Control and Prevention (CDC), over 29 million U.S. adults had high cholesterol in 2017. Such benefits are expected to drive growth of the global avocado oil market during the forecast period. Furthermore, the availability of avocadoes throughout the year is expected to propel the global avocado oil market growth over the forecast period.

However, marginal high prices in emerging economies combined with the presence of alternatives to avocado oil such as chia seed oil, hemp oil, and olive oil are expected to hinder the global avocado oil market growth over the forecast period. Moreover, among regions, North America is expected to witness significant growth in the global avocado oil market during the forecast period.  This is owing to increasing health issues such as chronic and heart diseases. According to the CDC, around 655,000 U.S. citizens die from heart disease each year.

Key players operating in the global avocado oil market are Storino's Quality Products, Sesajal S.A. de C.V., Chosen Foods LLC, Olivado, Bella Vado, Grupo Industrial Batellero S.A. de C.V, The Village Press, and Tron Hermanos SA de CV.

For instance, in August 2019, Black & Green introduced India’s first extra virgin avocado oil.