Avocado Oil - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2026 - 2031)

The global avocado oil market is witnessing consistent growth, increasing from USD 627.19 million in 2025 to USD 660.63 million in 2026, and is projected to reach USD 856.48 million by 2031, with a CAGR of 5.33% during 2026-2031.

This growth is primarily driven by the rising consumer preference for health-focused and functional edible oils, supported by growing awareness of the benefits of monounsaturated fats, antioxidants, and clean-label ingredients. Avocado oil is increasingly regarded as a premium, plant-based alternative to conventional oils, gaining traction among consumers seeking natural, minimally processed, and nutrient-rich food options. The shift away from heavily refined oils toward organic, non-GMO, and minimally processed alternatives further strengthens avocado oil's market position. Additionally, its high smoke point and versatility in various cooking applications enhance its appeal to a broader consumer base.

Global Avocado Oil Market Trends and Insights

Growing popularity of plant-based diets

The increasing adoption of plant-based diets is a key factor driving the growth of the avocado oil market. Consumers are progressively shifting toward plant-derived, nutrient-rich food options to support healthier and more sustainable lifestyles. Avocado oil, as a naturally sourced plant-based fat, aligns well with this trend due to its high content of monounsaturated fats, antioxidants, and clean-label attributes. These qualities make it a favorable alternative to animal-based fats and conventional cooking oils. This transition is particularly prominent in developed markets, where dietary preferences are moving toward flexitarian and vegan options. According to the Good Food Institute (GFI), 59% of households in the United States purchased plant-based foods in 2024, underscoring the widespread acceptance of plant-based consumption . As consumers increasingly prioritize natural ingredients, functional health benefits, and sustainability, avocado oil is being incorporated into everyday cooking, processed foods, and health-oriented product formulations, thereby sustaining demand and driving market growth.

Increasing awareness of healthy fats

Growing awareness of healthy fats is driving the avocado oil market as consumers become increasingly informed about the role of dietary fats in promoting overall health and wellness. Traditional perceptions linking fats to negative health outcomes are shifting, with greater recognition of the benefits of monounsaturated and unsaturated fats, which are associated with heart health, improved cholesterol levels, and anti-inflammatory effects. Avocado oil, rich in these healthy fats, along with vitamin E and antioxidants, is being viewed as a functional and heart-friendly alternative to conventional edible oils. This trend is further supported by health professionals, nutrition research, and clean-label initiatives, encouraging consumers to make more informed dietary choices. Consequently, avocado oil is gaining wider acceptance for both household use and product formulations, solidifying its position as a preferred option in the health-focused edible oils market.

High production costs

High production costs significantly restrain the growth of the avocado oil market, limiting its adoption and competitiveness compared to conventional edible oils. Avocado oil production is resource-intensive, requiring substantial quantities of avocados to produce relatively small volumes of oil, which increases raw material costs. Additionally, processes such as cold-pressing, sorting, grading, and quality control add to operational expenses, particularly for premium-grade oils. The reliance on specific avocado varieties and agricultural conditions further contributes to cost variability and supply constraints, making production less predictable. Furthermore, the use of advanced extraction technologies and compliance with certifications increases production and processing costs. Consequently, avocado oil is often priced higher than alternatives such as sunflower, soybean, or palm oil, reducing its accessibility for price-sensitive consumers and limiting its penetration in mass-market segments.

Other drivers and restraints analyzed in the detailed report include:

1. High smoke point suitability
2. Shift toward organic, clean-label, and minimally processed oils
3. Climate sensitivity affecting avocado crop yields

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

Extra-virgin avocado oil, which accounted for 46.12% of the market in 2025, emerged as a key driver of growth in the avocado oil industry. This was attributed to its premium quality, health benefits, and clean-label appeal. The segment's growth was primarily fueled by increasing consumer preference for minimally processed, nutrient-rich oils. Extra-virgin avocado oil, produced through cold-pressed extraction methods, retained high levels of monounsaturated fats, antioxidants, and vitamins. These attributes made it highly desirable for both household consumption and foodservice applications, where there was growing demand for high-performance cooking oils with a high smoke point and natural origin.

Refined avocado oil, anticipated to grow at a CAGR of 6.12% through 2031, is gaining popularity as an accessibility-focused segment, supporting the overall expansion of the avocado oil market. Refined avocado oil undergoes additional processing, resulting in a neutral taste, lighter color, and enhanced stability, making it well-suited for high-temperature cooking applications such as frying, grilling, and commercial food preparation. Its longer shelf life and reduced sensitivity to storage conditions further increase its appeal in retail and bulk distribution channels. Additionally, refined avocado oil is increasingly utilized as a base oil in blended formulations and processed foods, contributing to its consistent demand.

The Avocado Oil Market Report is Segmented by Type (Virgin Oil, Refined Oil, and Others), Extraction Type (Cold-Pressed/Mechanical, Solvent Extraction, and More), End-Use (Industrial, and Retail), and Geography (North America, Europe, Asia-Pacific, and More). The Market Forecasts are Provided in Both Value (USD) and Volume (Tons).

Geography Analysis

In 2025, North America accounted for 38.01% of the global avocado oil market value, maintaining its leading position. This dominance is supported by the mature health and wellness ecosystem in the United States and the established consumption of premium edible oils. Mexico plays a pivotal role as a major avocado producer and supply hub, ensuring consistent raw material availability and cost advantages across the region. According to the Agri-Food and Fisheries Information Service, Mexico's avocado production reached 2.76 million metric tons in 2024, underscoring its critical role in the global value chain . Additionally, the United States and Canada contribute to regional growth through increased retail penetration, product diversification, and the adoption of avocado oil in food processing and personal care applications, further solidifying North America's leadership in the market.

The Asia-Pacific region is projected to grow at a CAGR of 6.81% through 2031, making it the fastest-growing regional market for avocado oil. This growth is driven by rapid urbanization, changing dietary habits, and the rise of health-conscious consumers in countries such as China, India, Japan, and Australia. Increasing awareness of the benefits of healthy fats and natural oils, coupled with the expansion of modern retail infrastructure and e-commerce platforms, is enhancing product accessibility. Urban consumers are increasingly shifting from traditional cooking oils to premium and functional alternatives, including avocado oil.

Europe, South America, and the Middle East and Africa represent a diverse but strategically important landscape for the avocado oil market. In Europe, there is a growing focus on organic, non-GMO, and clean-label certifications, with consumers favoring sustainably sourced and high-quality oils, particularly in countries like Germany, the United Kingdom, and France. South America, led by Brazil and Argentina, benefits from its proximity to major avocado-producing countries such as Chile, Peru, and Colombia, which supports raw material availability and export potential. However, limited domestic processing infrastructure in South America continues to constrain value addition within the region.

1. Hans Merensky Holdings (Pty) Ltd. (Westfalia Fruit)
2. Sesajal S.A. de C.V.
3. Olivado Ltd
4. CalPure Foods Inc.
5. La Tourangelle Inc.
6. Chosen Foods LLC
7. The Hain Celestial Group, Inc. (Spectrum Organics)
8. Grove Avocado Oil (Avocado Oil NZ Ltd)
9. Bella Vado
10. BetterBody Foods
11. Stonewall Kitchen LLC
12. AvoHealth Ltd
13. Kevala International LLC
14. Cosmopolitan Food Group
15. Fruittal LLC
16. Ava Jane's Kitchen
17. De La Rosa Real Foods & Vineyards
18. BMA USA Inc.
19. Sulu Organics LLC
20. Agroindustrias Avoin SAC

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support