LAMEA Extra Virgin Avocado Oil Market Size, Share & Industry Trends Analysis Report By Distribution Channel (Supermarkets/Hypermarkets, Convenience Store, and Online Store), By Application, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Latin America, Middle East and Africa Extra Virgin Avocado Oil Market would witness market growth of 10.2% CAGR during the forecast period (2022-2028).
Extra virgin avocado oil is distinguished from other oils by its exceptionally high polyphenol content. These molecules function as antioxidants as well as protect cells from harmful inflammation and disease, such as atherosclerosis and cancer. Extra virgin avocado oil is richer in polyphenols than refined avocado oils, which lack antioxidants. Extra virgin avocado oil has high levels of the antioxidant vitamin E, which protects cells from damage caused by free radicals.
Vitamin E is frequently recommended to promote skin health and slow ageing. Lastly, a polishing separator removes any leftover impurities to produce its distinctive, emerald-green extra virgin olive oil. In contrast, corn, canola, soybean, seed, and vegetable oils must be extracted, refined, bleached, and deodorized using chemical processes. Due to its minimum processing, extra virgin avocado oil is essentially a fruit juice.
Compared to canola and corn oils, which contain 60% oleic acid, extra virgin avocado oil contains approximately 75% oleic acid. This monounsaturated fat aids in decreasing total blood cholesterol levels via lowering LDL (commonly referred to as "bad") cholesterol levels while maintaining and even boosting HDL (often referred to as "good") cholesterol levels. A diet abundant in monounsaturated fats, such as the ones found in extra virgin avocado oil, nuts, olives, and seeds, protects against numerous ailments.
Further, as the hospitality industry is thriving in the United Arab Emirates, and in Dubai in particular, hotels are anxious to spruce up their premises by adding quite a bit of a designer touch, that would distinguish them from the crowd of other hospitality providers. Because of the enormous number of tourists, the number of businesses catering to tourists as well as the entire services sector, including a variety of forms of entertainment, shopping, restaurants, and more, is expanding continuously. The demand for extra virgin avocado oil would rise from the hospitality market for use as a cooking oil.
The Brazil market dominated the LAMEA Extra Virgin Avocado Oil Market by Country in 2021; thereby, achieving a market value of $12.5 million by 2028. The Argentina market is registering a CAGR of 10.8% during (2022 - 2028). Additionally, The UAE market would showcase a CAGR of 9.9% during (2022 - 2028).
Based on Distribution Channel, the market is segmented into Supermarkets/Hypermarkets, Convenience Store, and Online Store. Based on Application, the market is segmented into Food & Beverages and Cosmetics. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Aceitera Mevi México SA de CV, Aconcagua Oil & Extract S.A., Avocado Oil New Zealand Ltd. (Grove Avocado Oil), Bella Vado, Inc., Olivado Ltd. and Westfalia Fruit (Pty) Ltd.
Scope of the Study
Market Segments Covered in the Report:
By Distribution Channel
- Convenience Store
- Online Store
- Food & Beverages
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Aceitera Mevi México SA de CV
- Aconcagua Oil & Extract S.A.
- Avocado Oil New Zealand Ltd. (Grove Avocado Oil)
- Bella Vado, Inc.
- Olivado Ltd.
- Westfalia Fruit (Pty) Ltd.
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