IMARC Group, a leading market research company, has recently released a report titled “United States Avocado Oil Market Report by Product Type (Extra Virgin Oil, Refined Oil, Blends, and Others), Application (Food and Beverages, Cosmetics, Pharmaceuticals, and Others), Distribution Channel (Business to Business, Business to Consumer), and Region 2024-2032” The study provides a detailed analysis of the industry, including the United States avocado oil market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big is the United States Avocado Oil Market?
The United States avocado oil market size reached US$ 235.9 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 382.2 Million by 2032, exhibiting a growth rate (CAGR) of 5.51% during 2024-2032.
United States Avocado Oil Market Trends and Drivers:
The United States avocado oil market is experiencing significant growth, primarily driven by the increasing consumer inclination towards healthier and natural food options. In addition to this, the growing popularity of avocado oil as a heart-healthy cooking oil alternative to traditional fats, due to its nutritional benefits and versatility, is further catalyzing market growth. Moreover, the elevating awareness of avocado oil's high monounsaturated fat content, which is helpful for heart health, along with its use in various dietary regimes such as keto and paleo diets, is acting as another significant growth-inducing factor. Besides this, the rising interest in clean-label and minimally processed foods among American consumers, who actively seek out products with natural ingredients, is further propelling the market growth.
Moreover, the adoption of avocado oil applications in culinary, cosmetic, and personal care industries is acting as another significant growth-inducing factor. Apart from this, the increasing use of avocado oil in skincare and hair care products by the cosmetic industry due to its hydrating and antioxidant properties is also stimulating market growth. Additionally, the growing domestic production and import of avocados to meet the inflating demand, with suppliers and manufacturers investing in sustainable and ethical sourcing practices to appeal to environmentally conscious consumers, is creating a positive outlook for the market. Besides this, the increasing availability of avocado oil in various retail formats, from gourmet stores to mainstream supermarkets, making it more accessible to a broad spectrum of consumers, is expected to boost the United States avocado oil market over the forecasted period.
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Who are the Key Players Operating in the United States Avocado Oil Market?
The report has categorized the market based on product type, application and distribution channel.
Breakup by Product Type:
- Extra Virgin Oil
- Refined Oil
- Blends
- Others
Breakup by Application:
- Food and Beverages
- Cosmetics
- Pharmaceuticals
- Others
Breakup by Distribution Channel:
- Business to Business
- Business to Consumer
- Supermarkets/Hypermarkets
- Convenience Stores
- Online Stores
- Others
Regional Analysis:
- Northeast
- Midwest
- South
- West
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Key highlights of the report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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