Latin America Avocado Oil Market: Regional Analysis; Key Segmentation and Scope; Industry Opportunities and Challenges; Market Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Value Chain Analysis; Industry Events and Developments; Competitive Landscape, 2023-2028

Latin America Avocado Oil Market Outlook

The Procurement Resource Latin America Avocado Oil industry report provides a complete evaluation of the Latin America Avocado Oil market trends and factors that are augmenting the industry growth.

The Latin America Avocado Oil market size attained a total value of approximately USD 200.00 million in 2021. Furthermore, the market size is projected to obtain a value of about USD 280.50 million by 2027 growing at a CAGR of around 5.80%.

The extensive application of the product in cooking is expected to drive Latin America Avocado Oil market growth. On the basis of region, Mexico is the most significant contributor in the Latin America Avocado Oil industry.

Industry Definition of Latin America Avocado Oil market and its Segmentation

Avocado oil is derived from the pulp of the original fruit and is high in protein, antioxidant properties, soluble & insoluble fibres and various vitamins and minerals. It contains lutein in abundance which is a carotenoid found in the eyes naturally.

The Latin America Avocado Oil market comprises segments by Application (, Food and Beverages, Pharmaceuticals Cosmetics, Others), by Distribution Channel (Business to Consumers, Business to Business (Online, Supermarkets and Hypermarkets, Convenience Stores, Others), by Regions (Mexico and Others), Product Type (Blends Refined Oil Extra Virgin Oil, Others).

Mexico, and Other Regions are Driving the Latin America Avocado Oil Market Development

Latin America Avocado Oil market in Mexico holds the largest share due to the country's prevalence of diabetes, obesity, cardiovascular, and other chronic diseases. Furthermore, applying the product in the food and beverage industry also significantly boosts market growth.

The rising consumer awareness regarding the product's nutrient rich composition and its health benefits is primarily driving the market’s growth. Avocado oil is rich in glutathione source, which enhances the immune system. In addition, the employment of the product in the expanding pharmaceutical industry is expected to aid the sector further, owing to its medicinal properties.

Moreover, in the food and beverages sector, significant advances are taking place as the development of different varieties of personal care products, like dishes made with refined avocado oil, which is likely to impact the industry's expansion in the forecast period positively.

Also, the growing awareness about the high nutritional content of the edible healthy oil, the likeness toward the development by specialists, and the shift toward a healthy lifestyle pursued by Latin American population are some of the crucial factors propelling the industry forward.

Study of the Production Process in the Latin America Avocado Oil market

Avocado oil has a high smoke point: 250 °C (482 °F) for unrefined oil and 271 °C (520 °F) for refined. Next, the avocado flesh of avocado fruits is dried to dispose of as much water as possible and the oil for cosmetics is derived by using solvents at high temperatures. In the next step, it is refined, deodorized and bleached which results in an odourless yellow oil. Edible cold-pressed extra virgin avocado oil is usually in an unrefined state same as extra virgin olive oil, so it holds the flavour and colour of the fruit flesh.

Critical Factors, Further Driving the Latin America Avocado Oil market Outlook

The oil is employed for various applications, including, personal care, cosmetics and medicinal which is driving the market growth. Furthermore, other crucial factors like the constantly changing purchasing habits of consumer like knowing the supplement synthesis of a nutritional item and an inclination towards organic and natural products are fuelling its market growth.

Avado oil can also be produced organically, and the yield is high. With this, the quality of the derived oil is improved, and the manufacturers could make avocado oil of cosmetic and food-grade quality, which is likely to create Latin America Avocado Oil market opportunities.

The regional bifurcation of Latin America Avocado Oil market can be divided into Mexico, Others.

The Latin America Avocado Oil Market Key Players Mentioned in the Report are:

• SESAJAL SA de CV
• Diricom, S.A. de C.V.
• NOBEL FOODS, S.A. DE C.V
• Grupo MaDiVi SA de CV
• Others

The Latin America Avocado Oil Market Competitive Landscape

The major players in the industry are implementing enhanced fat-replacement technologies to meet the client's demand for zero grams trans-fat in various food products. In addition, several companies participate in the collaborations and acquisitions with a number of firms to gain Latin America Avocado Oil market share and recognition in the global market. Most companies indulge in increasing their production capacity and product launches, in order to create new market opportunities.

Latin America Avocado Oil Market News

• Biogas's factory in Murang'a, Kenya, is participating in sustainable practices owing to the introduction of the Olivado Biogas Project, which was started to discover a sustainable and responsible solution to deal with the waste created by the factory.