Published Date: 24-Nov-2022
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According to a new report, published by KBV research, The Global Extra Virgin Avocado Oil Market size is expected to reach $539.9 million by 2028, rising at a market growth of 4.7% CAGR during the forecast period.
The Supermarkets/Hypermarkets market is leading the Global Extra Virgin Avocado Oil Market by Distribution Channel in 2021; thereby, achieving a market value of $294.8 million by 2028. This is due to the availability of both avocado cooking oil & cosmetics in the same location. Due to the increasing prevalence of online shopping in both developed and developing nations. Also, the large availability of supermarkets/ hypermarkets near the residential areas is further supporting market growth in this segment.
The Cosmetics market is showcasing a CAGR of 5.2% during (2022 - 2028). Even though the substance is green in appearance and odorless, it is compared favorably to lanolin because of its excellent skin penetration, high vitamin E content, and remarkable preservation properties.
The North America market dominated the Global Extra Virgin Avocado Oil Market by Region in 2021; thereby, achieving a market value of $185.2 million by 2028. The Europe market poised to grow at a CAGR of 4% during (2022 - 2028). Additionally, The Asia Pacific market would witness a CAGR of 5.5% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
By Distribution Channel
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