Report ID: SQMIG30K2021
Report ID:
SQMIG30K2021 |
Region:
Global |
Published Date: February, 2024
Pages:
242
|
Tables:
64 |
Figures:
72
In 2022, North America region held significant share in the global Avocado Oil market. The dominance of the region is linked to rising customer interest in the product and its applications as a result of the product's technological and nutritional attributes. Due to its high oleic fatty acid content and vitamin E content, avocado fruit oil is used in cooking and has certain established advantages. From this point forward, it is projected that rising interest in various dietary components, with a focus on fat, which has been linked to a number of ailments, including obesity and diabetes, would support the steady rise of the regional market. Spectrum Organics Products, La Tourangelle, Inc., and Olivado USA are a few of the significant competitors active in the avocado market in North America that are consistently concentrating on increasing their product offers.
The region with the greatest projected CAGR is Asia Pacific, primarily because the product is becoming more and more popular in China, Japan, and other countries. China has just begun extensive avocado cultivation in the provinces of Guangdong, Yunnan, and Fujian. The Chinese government claims that because raw materials are so readily available, China will be able to produce more avocado fruit oil over the next years. Additionally, it is anticipated that the regional market would be driven by the growing demand for the product from other Asian nations, including Malaysia and Japan, as well as its widespread availability through both online and offline distribution channels.
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Report ID: SQMIG30K2021