Valued to be $163.8 Million by 2026, Avocado Oil Slated for Robust Growth Worldwide
SAN FRANCISCO, Sept. 8, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Avocado Oil - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 6; Released: April 2021
Executive Pool: 457
Companies: 47 - Players covered include Aconcagua Oil & Extract S.A.- Paltita; Avocado Health Limited; Bella Vado Avocado Oil; CalPure Foods Inc.; Cibaria International Inc.; Crofts Ltd.; La Tourangelle, Inc.; Madana, Inc.; Mevi Quality Avocados, S.A. de C.V.; Olivado USA; Proteco Oils; Sesajal S.A. de C.V.; Spectrum Organic Products LLC; The Village Press; Westfalia Fruit (Pty) Ltd. and Others.
Coverage: All major geographies and key segments
Segments: Application (Cooking, Personal Care Products, Medicinal Products, Other Applications); Type (Virgin Oil, Extra Virgin Oil, Refined Oil, Blend)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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ABSTRACT-
Global Avocado Oil Market to Reach $163.8 Million by 2026
Amid the COVID-19 crisis, the global market for Avocado Oil estimated at US$86.7 Million in the year 2020, is projected to reach a revised size of US$163.8 Million by 2026, growing at a CAGR of 10.9% over the analysis period. Virgin Oil, one of the segments analyzed in the report, is projected to record a 11.5% CAGR and reach US$51.2 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Extra Virgin Oil segment is readjusted to a revised 11.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $26.1 Million in 2021, While China is Forecast to Reach $34.1 Million by 2026
The Avocado Oil market in the U.S. is estimated at US$26.1 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$34.1 Million by the year 2026 trailing a CAGR of 14.4% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.5% and 9.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 8.6% CAGR.
Refined Oil Segment to Reach US$21.6 Million by the year 2026
In the global Refined Oil segment, USA, Canada, Japan, China and Europe will drive the 9.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$9 Million in the year 2020 will reach a projected size of US$16.9 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]
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