According to the latest report by IMARC Group, titled “Mexico Avocado Oil Market: Industry, Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the Mexico avocado oil market is expected to grow at a CAGR of 7.30% during the forecast period (2022-2027).
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Avocado oil refers to the oil pressed from the pulp of an avocado fruit with the help of a cold-pressing technique. It is a flavorful oil used for high-heat cooking, salad dressings, and dips. The two main kinds of avocado oil include refined and virgin. It is a good source of vitamins, oleic acid, lutein carotenoid, monosaturated fat, antioxidants, and other vital nutrients. In recent years, avocado oil has gained traction in Mexico due to its numerous health benefits. It contains detoxifying and nourishing properties that enhance the health of the skin. It also assists in weight loss, reduces cholesterol levels, enhances digestion, and minimizes the risk of developing neurological disorders.
Mexico Avocado Oil Market Trends:
One of the primary factors driving the market is the rising awareness among consumers about the rich nutritional profile of avocado oil. Besides this, rapid urbanization and the high-income levels of individuals in Mexico is another major growth-inducing factor. Additionally, the rising health consciousness among the masses has shifted their preference from cooking in butter and vegetable oil containing high concentrations of saturated fats to a healthy avocado oil fortified with essential nutrients, thus creating a positive market outlook. Other than this, the extensive utilization of avocado oil in the cosmetics and personal care industry is propelling the market growth. Apart from this, the widespread adoption of avocado oil in the food and beverage industry (F&B) due to its lower saturated fat content is creating lucrative growth opportunities for the key players. Other growth-inducing factors include constant technological improvements in the production of avocado oil, and increasing product utilization in ready-to-eat (RTE) food products and manufacturing dietary supplements that individuals consume to meet nutritional requirements.
Key Market Segmentation:
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
Breakup by Region:
- North
- Center
- West
- East
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Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
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