Avocado Oil Market Size & Share | Growth Forecast - 2034

According to the report by Expert Market Research (EMR), the global avocado oil market reached a value of approximately USD 640.09 million in 2024. Aided by the growing awareness of health and wellness among consumers and the increasing demand for natural and functional food ingredients, the market is expected to grow at a CAGR of 5.80% between 2025 and 2034, reaching a value of nearly USD 1124.86 million by 2034.

Avocado oil, extracted from the pulp of avocados, is renowned for its nutritional benefits, including a high content of monounsaturated fats, antioxidants, and vitamins such as E and K. It is widely used in culinary applications for cooking and salad dressings and is also gaining popularity in the cosmetics and personal care industry due to its moisturizing and regenerative properties.

The shift towards healthier cooking oils and the rise in demand for clean-label, natural, and organic products are pivotal in supporting the global avocado oil market growth. As consumers become increasingly conscious about their dietary choices and their impact on overall health, avocado oil is being positioned as a premium and healthful alternative to conventional oils.

Market Size

The avocado oil market size of USD 640.09 million in 2024 reflects its expanding footprint across multiple sectors, including food and beverages, personal care, and pharmaceuticals. The growing prevalence of lifestyle diseases such as obesity, cardiovascular ailments, and diabetes is propelling the demand for heart-friendly oils, which has significantly contributed to the rising popularity of avocado oil.

The surge in demand for functional foods and superfoods, coupled with increasing disposable incomes in developing economies, is further contributing to the expansion of the avocado oil market. Moreover, the rise of e-commerce and improved distribution networks has made avocado oil more accessible to a broader consumer base, driving market growth.

Avocado Oil Market

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Market Share

In terms of market segmentation, the food and beverage sector commands the largest share of the global avocado oil market. Within this category, avocado oil is used for cooking, frying, and as a salad dressing due to its high smoke point and mild flavor. The cosmetics and personal care industry follows closely, with increasing use of avocado oil in skincare products, hair treatments, and sunscreens.

Based on product type, extra virgin avocado oil holds a significant share due to its minimal processing and superior nutritional profile. This segment is particularly popular among health-conscious consumers and is often marketed as a gourmet cooking ingredient. Refined avocado oil also has a notable presence, especially in industrial and commercial applications.

Regionally, North America accounts for the largest market share, driven by high health awareness, robust retail infrastructure, and a strong presence of major market players. Europe also holds a significant share, with increasing consumer inclination toward clean-label and organic products. Meanwhile, the Asia-Pacific region is emerging as a high-growth market due to changing dietary patterns, rising income levels, and expanding health and wellness trends.

Market Trends

Several trends are shaping the dynamics of the avocado oil market. One of the prominent trends is the growing demand for plant-based and functional foods. As more consumers adopt vegan and flexitarian diets, plant-derived oils such as avocado oil are gaining traction.

Another key trend is the increased utilisation of avocado oil in cosmetics and personal care products. Its anti-inflammatory, antioxidant, and moisturizing properties make it an ideal ingredient in lotions, creams, serums, and hair care formulations.

Sustainability and ethical sourcing are also becoming important considerations for consumers. As a result, market players are increasingly focusing on sustainable farming practices, ethical labor standards, and transparent supply chains to attract environmentally and socially conscious consumers.

Additionally, innovation in packaging and product formats, such as sprays, pouches, and blends with other superfood oils, is enhancing the appeal and convenience of avocado oil products.

Drivers of Growth

The global avocado oil market growth is primarily driven by several interrelated factors. Increasing health awareness among consumers is at the forefront, as people seek natural and nutrient-rich alternatives to processed and synthetic products. Avocado oil's rich profile of healthy fats and bioactive compounds makes it an attractive choice for those looking to manage cholesterol, support heart health, and improve skin and hair condition.

The growth of the functional food industry is another key driver. Avocado oil is increasingly incorporated into health supplements, fortified foods, and dietary products, boosting its demand. Additionally, rising disposable incomes and changing lifestyles in emerging markets are enabling consumers to spend more on premium and health-oriented products.

Government initiatives and endorsements from health organisations promoting the consumption of healthy oils over saturated and trans fats are also playing a vital role in driving avocado oil market expansion. Furthermore, the increasing prevalence of culinary tourism and the popularity of global cuisines that use avocado oil are contributing to greater product awareness and adoption.

Technology and Advancement

Technological advancements in oil extraction and processing are significantly impacting the avocado oil market. Cold-press extraction techniques are gaining popularity as they preserve the oil's nutritional value and enhance its shelf life. Innovations in refining and filtration processes are also improving product purity and taste, making avocado oil more appealing to both culinary and cosmetic industries.

Modern packaging solutions, including UV-protected bottles and air-tight dispensers, are being developed to maintain oil quality and extend product longevity. Furthermore, advancements in quality control and testing methodologies are ensuring that products meet safety, purity, and nutritional standards, which is essential for gaining consumer trust and regulatory approvals.

Digital platforms and AI-driven tools are being leveraged by manufacturers to analyse market trends, forecast demand, and manage supply chains efficiently. These technologies are helping businesses respond swiftly to changing consumer preferences and optimise product offerings.

Key Players

The global avocado oil market is moderately fragmented, with several international and regional players competing on the basis of quality, price, innovation, and distribution. Key players in the market include:

• Olivado Group

• Grupo Industrial Batellero

• The Village Press

• Spectrum Organics

• Chosen Foods LLC

• Tanlay AG (Olivado)

• La Tourangelle

• Crofts Limited

• Kevala

• Bella Vado Avocado Oil

• Others

These companies are actively involved in expanding their product portfolios, entering strategic partnerships, and investing in R&D to develop advanced and sustainable avocado oil products. The focus on organic and non-GMO certifications is also gaining traction among leading brands to appeal to a health-conscious and environmentally aware consumer base.

Challenges and Opportunities

Despite its positive outlook, the avocado oil market faces several challenges. High production costs and limited availability of raw materials in certain regions can constrain supply and affect pricing. Moreover, fluctuations in avocado prices due to climate change, pests, or geopolitical issues can impact profit margins and market stability.

Another challenge is consumer education. While health-conscious consumers are aware of the benefits of avocado oil, broader market penetration requires sustained marketing efforts to highlight its advantages over other oils.

However, the market presents numerous opportunities. Expanding into untapped markets, particularly in Asia and Latin America, offers significant growth potential. Innovations in product formats, such as avocado oil-based snacks, dressings, and supplements, can help diversify offerings and attract new consumer segments.

There is also a growing opportunity in the B2B segment, with foodservice providers, cosmetics manufacturers, and nutraceutical companies increasingly incorporating avocado oil into their product formulations.

Market Forecast

Looking forward, the global avocado oil market is set to experience robust growth over the forecast period. From its current value of USD 640.09 million in 2024, the market is projected to reach nearly USD 1124.86 million by 2034, expanding at a CAGR of 5.80%.

This growth will be underpinned by rising health awareness, technological advancements, sustainable sourcing practices, and broader applications across food, cosmetic, and pharmaceutical industries. As consumers continue to prioritise nutrition, wellness, and sustainability, avocado oil is poised to solidify its position as a staple in both kitchens and personal care routines worldwide.