The adoption of avocado oil in Western Europe is expected to exhibit a compound annual growth rate of 6.9% through 2033. The avocado oil industry in Western Europe is poised to witness significant opportunities, with a valuation of USD 146 million in 2023.
Consumers in Western Europe have shown a growing preference for natural and organic food products. Avocado oil, especially when produced using organic and sustainable methods, aligns well with this consumer trend.
Cooking shows and food blogging have gained immense popularity in this region and often feature specialty ingredients like avocado oil. These platforms have helped promote the use of avocado oil in cooking and have piqued consumer interest.
By 2033, the sales of avocado oil in Western Europe are expected to reach a value of USD 286 million.
| Attributes | Details |
|---|---|
| Industry Size in 2023 | USD 146 million |
| Expected Industry Size by 2033 | USD 286 million |
| Forecasted CAGR from 2023 to 2033 | 6.9% |
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Extra virgin avocado oil is renowned for its exceptional nutritional profile. It is abundant in monounsaturated fats, antioxidants, vitamins, and minerals, all of which are associated with various health benefits, including heart health, reduced inflammation, and improved lipid profiles.
| Avocado Oil in Western Europe based on Product Type | Extra Virgin Avocado |
|---|---|
| Share in % in 2033 | 48.7% |
The increasing health consciousness among consumers in Western Europe, spurred by a greater awareness of the positive impact of dietary choices on overall well-being, is driving the demand for healthier cooking oils. According to projections, the extra virgin avocado segment is expected to account for 48.7% of the industry share in 2033.
Extra virgin avocado oil is prized for its delicate flavor, making it suitable for a wide range of culinary applications. It imparts a mild, buttery, and slightly nutty taste to dishes, which makes it the preferred choice for gourmet and health-conscious consumers seeking to enhance the flavor of their meals.
Extra virgin avocado oil boasts a high smoke point, rendering it suitable for various cooking methods, including sautéing, frying, roasting, and grilling. Its stability at higher temperatures, without breaking down into harmful compounds, makes it an excellent choice for both cooking and baking.
Hass avocados have a higher oil content compared to other avocado varieties, making them particularly well-suited for oil production. The high oil content translates to a better oil yield, which is a crucial factor for the avocado oil industry.
| Avocado Oil in Western Europe based on Variety | Hass |
|---|---|
| Share in % in 2033 | 84.6% |
Based on variety, the Hass segment is expected to account for a share of 84.6% in 2033. Hass avocados have a rich, creamy texture and a nutty, buttery flavor that is highly appealing for both culinary and oil extraction purposes. Consumers in Western Europe, making Hass avocados a preferred choice for oil production, favor the flavor profile.
Hass avocado oil is prized for its versatility in cooking. It has a high smoke point, which means it can be used for various cooking methods, such as sautéing, frying, roasting, and grilling, without breaking down or producing harmful compounds. The versatility of Hass avocado oil appeals to a wide range of consumers and chefs.
Hass avocados are widely recognized and consumed avocado varieties in Western Europe. The familiarity translates into a higher level of trust and acceptance among consumers when it comes to Hass avocado oil.
| Countries | CAGR from 2023 to 2033 |
|---|---|
| United Kingdom | 5.8% |
| Germany | 6.1% |
| France | 5.2% |
| Italy | 4.3% |
The United Kingdom, like many other countries, has witnessed a surge in health and wellness awareness. Avocado oil is considered a healthy cooking oil due to its high monounsaturated fat content and other nutritional benefits. The trend of making healthier eating choices is driving the demand for avocado oil.
The adoption of plant-based and vegan diets has been increasing in the country. Avocado oil, being a plant-based product, aligns well with the preferences of consumers seeking alternatives to animal-derived products.
The diverse culinary landscape in the United Kingdom has led to the incorporation of avocado oil into various international and fusion dishes. Its versatility in cooking and its use in various cuisines contribute to its popularity.
Consumers are willing to spend on premium and healthier food products as their disposable incomes rise. Avocado oil is often perceived as a premium and healthier option, which appeals to this consumer segment.
Avocado oil is rich in vitamins and antioxidants, which are valued for their potential health benefits, making it attractive to consumers seeking to enhance their nutritional intake.
The use of avocado oil in the beauty and skincare industry, owing to its potential benefits for skin and hair, has contributed to its popularity. Some consumers purchase avocado oil for both culinary and cosmetic purposes.
The adoption of plant based and vegan diets has been on the rise in France. Avocado oil, being a plant based product, aligns well with the preferences of consumers seeking alternatives to animal derived products.
Avocado oil products are increasingly available in supermarkets, health food stores, and online platforms, making them accessible to a wide range of consumers.
Companies continue to develop new avocado oil-based products, including cooking sprays, salad dressings, and flavored oils. Such product diversification can stimulate industry growth.
Italy places a strong emphasis on sustainability and ethical sourcing. Brands that prioritize responsible and sustainable avocado sourcing for oil production can gain a competitive edge. Avocado oil is used as an ingredient in functional foods and nutraceuticals, capitalizing on the demand for products that offer health benefits beyond basic nutrition.
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The competitive landscape of the avocado oil industry in Western Europe is dynamic and evolving, with several key companies at the forefront of this industry. The companies are well positioned to benefit from the continued growth of the landscape by adopting various strategies and initiatives.
Recent Developments Observed in Avocado Oil Industry in Western Europe
| Attribute | Details |
|---|---|
| Estimated Industry Size in 2023 | USD 146 million |
| Projected Industry Size in 2033 | USD 286 million |
| Anticipated CAGR from 2023 to 2033 | 6.9% CAGR |
| Historical Analysis of Demand for Avocado Oil in Western Europe | 2018 to 2022 |
| Demand Forecast for Avocado Oil in Western Europe | 2023 to 2033 |
| Report Coverage | Industry Size, Industry Trends, Analysis of key factors influencing Avocado Oil adoption in Western Europe, Insights on Global Players and their Industry Strategy in Western Europe, Ecosystem Analysis of Manufacturers in Western Europe |
| Key Countries Analyzed while Studying Opportunities in Avocado Oil in Western Europe | United Kingdom, Germany, France, Netherlands, Italy |
| Key Companies Profiled | Spack BV; Gustav Heess Oleochemische Erzeugnisse GmbH; Henry Lamotte Oils GmbH; Hunter & Gather Foods Ltd; Olivado Group; Koppert Cress; Olvea; Interchemie; Bio Planète; Naissance; Avocado Company; Al-natura; DM; Rossmann; Waitrose & Partners; Ocado; Tesco; Sainsbury's |
The avocado oil industry in Western Europe is set to be valued at USD 146 million by 2023.
The anticipated CAGR for avocado oil in Western Europe through 2033 is 6.9%.
Demand for the avocado oil in Western Europe is expected to reach USD 286 million by 2033.
Extra virgin oil segment is the highly preferred avocado oil type in Western Europe.
Hass segment to remain a key contributor in the avocado oil ecosystem in Western Europe.
1. Executive Summary 2. Market Overview 3. Market Background 4. Industry Analysis and Outlook 2018 to 2022 and Forecast, 2023 to 2033 5. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Product Type 5.1. Extra Virgin Oil 5.2. Virgin Oil 5.3. Refined 6. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Variety 6.1. Hass 6.2. Fuerte 6.3. Zutano 6.4. Bacon 6.5. Lamb Hass 6.6. Gwen 6.7. Others 7. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Nature 7.1. Conventional 8. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By End Use 8.1. Personal Care and Cosmetics 8.2. Food and Beverage Processing 8.3. Functional Food and Dietary Supplements 8.4. Foodservice 8.5. Retail 9. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Distribution Channel 9.1. Direct Sales 9.2. Indirect Sales 10. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Country 10.1. UK 10.2. Germany 10.3. Italy 10.4. France 10.5. Spain 10.6. Rest of Western Europe 11. UK Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region 12. Germany Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region 13. Italy Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region 14. France Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region 15. Spain Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region 16. Rest of Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 17. Market Structure Analysis 18. Competition Analysis 18.1. Spack BV 18.2. Gustav Heess Oleochemische Erzeugnisse GmbH 18.3. Henry Lamotte Oils GmbH 18.4. Hunter & Gather Foods Ltd 18.5. Sesajal S.A de C.V. 18.6. Grupo Industrial Batellero 18.7. Grove 18.8. Cibaria International 18.9. Olivado USA 18.10. Spectrum Organics Products, LLC 18.11. Bella Vado Inc. 18.12. The Village Press 18.13. La Tourangelle, Inc. 19. Assumptions & Acronyms Used 20. Research Methodology
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Demand and Trend Analysis of Avocado Oil in Western europe
