Global avocado oil production increased from 11666 MT in 2022 to 13277 MT in 2017

Avocado oil is edible oil pressed from the fruit of the avocado. This oil contains a high level of monounsaturated fat (oleic acid) and smaller amounts of polyunsaturated fat. It is also used to make edible oil and cosmetics & skin care products, etc. Avocado oil used in cosmetics & skin care products is lower than that of edible oil. In 2016, edible oil used avocado oil took a share of 63.75%.
There are three kinds of avocado oil, extra virgin avocado oil, refined avocado oil and crude avocado oil. Refined avocado oil is odorless, pale yellow oil, which is extracted from the avocado with an expeller-press. Extra virgin avocado oil is extracted from pressing avocados and then filtering it, which has strong avocado aroma, with a green color. Generally, price of refined avocado oil is much higher than that of extra virgin avocado oil. Also, refined avocado oil’s gross margin is higher than extra virgin avocado oil’s.

Avocado oil production is limited by avocado production. Also avocado oil manufacturers are close to avocado growing areas. They mainly concentrated in Mexico, South America, United States, Africa and Austria In 2016, North America avocado oil production took 50.36% of global production. South America and Asia-Pacific separately took 27.01% and 10.44% in 2016.
Global avocado oil production increased from 11666 MT in 2022 to 13277 MT in 2017, with an CARG of 4%.
In the future, we predict that global avocado oil production will continue to increase. By 2022, it will be 16393 MT. Also, edible oil application share will increase.