Extra Virgin Avocado Oil Market Size, Share, Growth and Forecast 2034

Extra Virgin Avocado Oil Industry Perspective:

The global extra virgin avocado oil market size was worth around USD 523.26 million in 2024 and is predicted to grow to around USD 1,526.40 million by 2034, with a compound annual growth rate (CAGR) of roughly 11.30% between 2025 and 2034.

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Extra Virgin Avocado Oil Market: Overview

Extra virgin avocado oil (EVAO) is an unrefined oil produced using fresh and ripe avocados. It is typically produced using the cold-press method and is exceptionally high in quality. Extra virgin avocado oil is similar to extra virgin olive oil since it maintains the complete nutrients of the avocado. The demand for extra virgin avocado oil has been growing over the years, driven by multiple applications across end-user industries. For instance, EVAO is widely used for preparing culinary items and as dressings on salads.

However, extended applications of extra virgin olive oil can also be registered in cosmetics & personal care due to the skin nourishing & moisturizing features of the oil. During the forecast period, demand for extra virgin avocado oil is expected to be influenced by growing awareness about the benefits of avocado on overall health.

Moreover, increasing demand for vegan cooking oil may further create higher opportunities for market growth in the coming years. Demand for chemical-free and natural skincare items is expected to propel market growth trends in the future. However, the limited supply of avocados and the high cost of EVAO may limit market expansion during the projection period.

Key Insights:

• As per the analysis shared by our research analyst, the global extra virgin avocado oil market is estimated to grow annually at a CAGR of around 11.30% over the forecast period (2025-2034)
• In terms of revenue, the global extra virgin avocado oil market size was valued at around USD 523.26 million in 2024 and is projected to reach USD 1,526.40 million by 2034.
• The extra virgin avocado oil market is projected to grow at a significant rate due to the growing awareness about the health benefits of avocados.
• Based on the product type, the cold-pressed segment is growing at a high rate and will continue to dominate the global market as per industry projections.
• Based on the application, the food & beverages segment is anticipated to command the largest market share.
• Based on region, North America is projected to dominate the global market during the forecast period.

Extra Virgin Avocado Oil Market: Growth Drivers

How will growing awareness about the health benefits of avocado propel the extra virgin avocado oil?

The global extra virgin avocado oil market is expected to be driven by the rising awareness about the several health benefits of avocado. According to industry research, the highly popular fruit contains several nutrients and has exceptionally comprehensive health benefits. Healthcare experts confirm the positive impact of avocados on heart health, especially in maintaining cholesterol levels.

Furthermore, lutein and zeaxanthin content in avocados also improves vision-related problems, along with helping patients manage osteoporosis. Certain studies have highlighted the importance of avocados in preventing specific types of cancer. In the last few years, awareness of the overall usefulness of avocados has improved among the general population.

Extra virgin avocado oil is an excellent way to obtain the nutrients offered by the whole fruit, as it is unrefined and unadulterated. The rising health consciousness among general buyers worldwide, especially in the backdrop of an increasing number of patients suffering from chronic conditions, is expected to help propel demand for EVAO in the coming years.

Growing demand for vegan and natural food commodities worldwide to create expansion scope for industry players

In recent times, the food industry across the globe has registered a heightened demand for vegan and natural food commodities. Processed and refined food oils are generally considered bad for health since the refining process eliminates a large portion of the overall nutrients of the final product. In addition to this, natural food commodities free of artificial preservatives and other ingredients are becoming more popular, especially as the vegan diet culture continues to expand into new economies.

For instance, in June 2023, JJ Foodservice, a UK-based food wholesale and delivery company, announced the launch of its own brand of EVAO. The all-new Tabaki extra virgin olive oil is produced using the cold-press method. It is derived from single-origin olives from the Turkey region. Tabaki EVAO is produced with limited use of high heat and does not contain chemical ingredients. Such trends are expected to directly impact the revenue in the global extra virgin avocado oil market during the projection period.

Extra Virgin Avocado Oil Market: Restraints

Will the high cost of oil and the limited supply of avocados limit the extra virgin avocado oil market growth in the future?

The global extra virgin avocado oil industry is expected to be restricted due to the high cost of EVAOs. Extra virgin avocado oil is prepared from large volumes of avocados. The fruits are inherently expensive. According to official estimates, around 10 avocados are used to produce 250 mil of EVAO.

In addition to this, the limited supply of avocados across the globe may further restrict market expansion in the coming years. Avocado production is a resource-intensive process and is currently produced in high volumes in select countries. The restricted supply of essential raw materials required for producing EVAO acts as a growth barrier for the industry players.

Extra Virgin Avocado Oil Market: Opportunities

Will rising applications in the personal care & cosmetic sector generate growth opportunities for the extra virgin avocado oil industry?

The global extra virgin avocado oil market is expected to generate growth opportunities due to the growing applications of the oil in the thriving personal care industry. Oil produced from avocado has excellent moisturizing properties. It also gets easily absorbed into the skin. In addition to this, the presence of an extensive portfolio of essential nutrients allows extra virgin avocado oil to act as a superior nourishing agent for hair care. Among consumer groups, demand for chemical-free personal care items has been growing steadily.

The growing awareness of the adverse effects of chemically loaded personal care products on skin, hair, and the environment will drive demand for EVAOs in the future.

Rising popularity of the premium dining segment creates new avenues for future growth in the industry

Changes in consumer lifestyle are propelling demand for the fine dining and gourmet food segment. The ordinary population is willing to invest in new experiences surrounding food-based innovations. An increase in disposable income and improved accessibility to fine dining restaurants worldwide have created more demand for extra virgin avocado oil. Such trends are expected to open new doors for future growth in the market.

Extra Virgin Avocado Oil Market: Challenges

Competition from other oils in the industry to challenge market growth

The global extra virgin avocado oil industry is expected to face increasing competition from other oils. For instance, extra virgin olive oil is more widely used due to its higher versatility as well as greater acceptance among the common population. Moreover, increasing innovation in terms of fruit-based oils will further dilute consumers in the EVAO industry during the forecast period.

Extra Virgin Avocado Oil Market: Report Scope

Extra Virgin Avocado Oil Market: Segmentation

The global extra virgin avocado oil market is segmented based on product type, distribution channel, application, and region.

Based on the product type, the global market segments are solvent-extracted and cold-pressed. In 2024, the highest revenue was registered in the cold-pressed segment. This method of EVAO production retains the majority of the nutrients present in the original fruit. EVAO prepared using cold-pressed methods has more than 70% of oleic acid, making the oil highly powerful in terms of health benefits. The existing technologies assisting the production of cold-pressed extra virgin avocado oil will aid higher segmental expansion.

Based on distribution channels, the global extra virgin avocado oil industry divisions are specialty stores, online stores, and supermarkets & hypermarkets/.

Based on the application, the global market is divided into food & beverages, cosmetics & personal care, and pharmaceuticals. In 2024, the highest growth was listed in the food & beverages segment. According to market research, extra virgin avocado oil is steadily gaining popularity in household and commercial kitchens worldwide. Extra virgin avocado oil is light green and has a smoke point of 250°C. Although extra virgin avocado oil is recommended for high-heat cooking, experts advise against using it for deep frying food ingredients.

Extra Virgin Avocado Oil Market: Regional Analysis

What factors will help North America lead the extra virgin avocado oil market during the forecast period?

The global extra virgin avocado oil market will be led by North America during the projection period. Recent market analysis suggests that the US has an exceptionally high demand for extra virgin avocado oil. The rising prevalence of patients with chronic conditions and growing health awareness are propelling demand for EVAO in the region. Mexico is an integral region of North America’s dominant EVAO industry since it is one of the largest producers of avocados in the world. In recent times, the Mexican government has initiated several sustainable practices in avocado production to ensure a continuous supply of the fruit to its end-consumers.

Furthermore, the ongoing launch of a new range of EVAO in North America will facilitate improved regional revenue during the projection period. The increasing acceptance of unrefined and natural food ingredients across major North American nations is propelling regional demand. In addition to this, the region has a mature market for gourmet dining, especially with the growing rate of food tourism in North America, which could further contribute to increased use of EVAO in the regional food sector.

Extra Virgin Avocado Oil Market: Competitive Analysis

The global extra virgin avocado oil market is led by players like:

• BetterBody Foods
• Chosen Foods
• Primal Kitchen
• Bella Vado
• Naturow
• Carrington Farms
• La Tourangelle
• Nutiva
• Kevala
• Black & Green
• CalPure
• Olivado
• MaryRuth Organics
• Avohass
• Sattvic Foods

The global extra virgin avocado oil market is segmented as follows:

By Product Type

• Solvent Extracted
• Cold Pressed

By Distribution Channel

• Specialty Stores
• Online Stores
• Supermarkets & Hypermarkets

By Application

• Food & Beverages
• Cosmetics & Personal Care
• Pharmaceuticals

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa