Avocado Oil Market Size, Share, Growth Analysis, By Type(Virgin Oil, Refined Oil, Blend), By Application(Food and Beverages, Pharmaceuticals and Medicinal Formulations, Personal Care and Cosmetics, Others), By Region - Industry Forecast 2024-2031

Avocado Oil Market size was valued at USD 553.27 million in 2022 and is poised to grow from USD 578.34 million in 2023 to USD 892.3 million by 2031, growing at a CAGR of 5.82% in the forecast period (2024-2031).

The use of organic food items has greatly expanded as a result of consumers' growing preference for nutritious food as a means of achieving wellbeing and good health. Internet-facilitated access to a seemingly limitless amount of information has increased customer awareness of their need for better eating, which has increased demand for organic goods.

The high-income growth rate in industrialized nations, coupled with the acceleration of urbanization and the growth of the upper middle class, is the main driver behind the rising use of avocado fruit oil in numerous industries. Also, the fact that it is the most expensive oil used in the food and cosmetics industries has been advantageous to the producers who use it because it distinguishes their goods as high-quality goods. As a result, big businesses tend to include these specialist components to their products. Due to its nutritional value, adaptability, and health benefits, it is one of the food ingredients with the fastest expanding market.

US Avocado Oil Market is poised to grow at a sustainable CAGR for the next forecast year.