Europe Avocado Oil Market

Number of Pages-92

Category:

Food & Beverages

Europe Avocado Oil Market Forecast to 2027 – COVID-19 Impact and Analysis – by Type (Extra Virgin, Virgin, Refined, and Blends), Nature (Organic and Conventional), Variety (Hass, Pinkerton, Fuerte, Gwen, and Others), Application (Food and Beverages, Pharmaceuticals, Cosmetics, and Others), and Distribution Channel (Hypermarkets and Supermarkets, Specialty Stores, Online Stores, and Others)

The Europe avocado oil market is expected to grow from US$ 120.30 million in 2018 to US$ 257.05 million by 2027; it is estimated to grow at a CAGR of 8.9% from 2019 to 2027. Avocado oil are perceived to be one of the healthiest ingredients which can be used in various food products such as bakery & confectionary, beverages, dairy & frozen desserts, and sweet & savory snacks. Avocado oil is gaining high popularity among the consumers due to rising awareness about the health benefits offered by avocado oil. Avocado oil also has numerous benefits due to its high content of antioxidants and healthy fats. Various studies show that avocado oil benefits heart health and help in reducing blood pressure and blood cholesterol levels. Avocado oil is a good source of lutein, a carotenoid that is naturally found in eyes. This nutrient improves eye health and also lowers the risk of age-related eye diseases. Some nutrients need fat in order to be absorbed by the body. Therefore, rising awareness among the consumers about the health benefits of avocado oil is projected to boost its demand over the forecast period.

Based on variety, the Hass segment led the Europe avocado oil market in 2018. The Hass variety of avocado that has a dark green colored bumpy skin is the cultivar of avocado. The Hass avocado is large, with weight ranging from 200 to 300 grams. When these avocados ripe, their skin turns into dark purplish-black and yields a gentle pressure. It becomes white to green in the middle part of preparing the food and is ready to serve after the change of its color. The Hass avocado was first grown and sold by the southern California mail carrier and amateur horticulturist Rudolph Hass who later gave his name to these avocados. Due to the taste, size, shelf-life, high growth yield, and year-round harvesting possibilities in some areas, the Hass variety is the most commercially popular avocado across the world. The Hass avocado trees flourish in the regions that have the right combination of abundant sunshine, mineral-rich soil, moderate humidity, warm days, and cool night.

In Europe, Italy is the hardest-hit country by the coronavirus outbreak. Italy recorded the highest number of coronavirus cases. The country is expected to suffer an economic hit due to the lack of revenue from various industries. Other member states have implemented drastic measures and travel restrictions, including partially closing their borders. This is anticipated to restrain the market growth in Europe. Many countries in Europe has issued and extended their lockdown period in order to sustain the virus.

The overall Europe avocado oil market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining overview and forecast for the Europe avocado oil market with respect to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants who typically take part in such a process include industry experts, such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants, such as valuation experts, research analysts, and key opinion leaders specializing in the Europe avocado oil market. Key players operating in the market include Avocado Health Limited.; Crofts ltd; La Tourangelle Inc.; Olivado USA; Sesajal S.A. de C.V.; and Spectrum Organics Products, LLC (Hain Celestial Group, Inc.)