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 US$ 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 US$ 286 million.
Attributes | Details |
---|---|
Industry Size in 2023 | US$ 146 million |
Expected Industry Size by 2033 | US$ 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 | US$ 146 million |
Projected Industry Size in 2033 | US$ 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 US$ 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 US$ 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 1.1. Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Industry Analysis and Outlook 2018 to 2022 and Forecast, 2023 to 2033 4.1. Historical Market Size Value (US$ Million) & Volume (Litres) Analysis, 2018 to 2022 4.2. Current and Future Market Size Value (US$ Million) & Volume (Litres) Projections, 2023 to 2033 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Product Type 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) & Volume (Litres) Analysis By Product Type, 2018 to 2022 5.3. Current and Future Market Size Value (US$ Million) & Volume (Litres) Analysis and Forecast By Product Type, 2023 to 2033 5.3.1. Extra Virgin Oil 5.3.2. Virgin Oil 5.3.3. Refined 5.4. Y-o-Y Growth Trend Analysis By Product Type, 2018 to 2022 5.5. Absolute $ Opportunity Analysis By Product Type, 2023 to 2033 6. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Variety 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) & Volume (Litres) Analysis By Variety, 2018 to 2022 6.3. Current and Future Market Size Value (US$ Million) & Volume (Litres) Analysis and Forecast By Variety, 2023 to 2033 6.3.1. Hass 6.3.2. Fuerte 6.3.3. Zutano 6.3.4. Bacon 6.3.5. Lamb Hass 6.3.6. Gwen 6.3.7. Others 6.4. Y-o-Y Growth Trend Analysis By Variety, 2018 to 2022 6.5. Absolute $ Opportunity Analysis By Variety, 2023 to 2033 7. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Nature 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Million) & Volume (Litres) Analysis By Nature, 2018 to 2022 7.3. Current and Future Market Size Value (US$ Million) & Volume (Litres) Analysis and Forecast By Nature, 2023 to 2033 7.3.1. Organic 7.3.2. Conventional 7.4. Y-o-Y Growth Trend Analysis By Nature, 2018 to 2022 7.5. Absolute $ Opportunity Analysis By Nature, 2023 to 2033 8. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By End Use 8.1. Introduction / Key Findings 8.2. Historical Market Size Value (US$ Million) & Volume (Litres) Analysis By End Use, 2018 to 2022 8.3. Current and Future Market Size Value (US$ Million) & Volume (Litres) Analysis and Forecast By End Use, 2023 to 2033 8.3.1. Personal Care and Cosmetics 8.3.1.1. Skin care 8.3.1.2. Hair Care 8.3.1.3. Bath Care 8.3.2. Food and Beverage Processing 8.3.3. Functional Food and Dietary Supplements 8.3.4. Foodservice 8.3.5. Retail 8.4. Y-o-Y Growth Trend Analysis By End Use, 2018 to 2022 8.5. Absolute $ Opportunity Analysis By End Use, 2023 to 2033 9. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Distribution Channel 9.1. Introduction / Key Findings 9.2. Historical Market Size Value (US$ Million) & Volume (Litres) Analysis By Distribution Channel, 2018 to 2022 9.3. Current and Future Market Size Value (US$ Million) & Volume (Litres) Analysis and Forecast By Distribution Channel, 2023 to 2033 9.3.1. Direct Sales 9.3.2. Indirect Sales 9.3.2.1. Hypermarket/Supermarket 9.3.2.2. Convenience Stores 9.3.2.3. Independent Small Stores 9.3.2.4. Online Retailing 9.3.2.5. Others 9.4. Y-o-Y Growth Trend Analysis By Distribution Channel, 2018 to 2022 9.5. Absolute $ Opportunity Analysis By Distribution Channel, 2023 to 2033 10. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Country 10.1. Introduction 10.2. Historical Market Size Value (US$ Million) & Volume (Litres) Analysis By Country, 2018 to 2022 10.3. Current Market Size Value (US$ Million) & Volume (Litres) Analysis and Forecast By Country, 2023 to 2033 10.3.1. UK 10.3.2. Germany 10.3.3. Italy 10.3.4. France 10.3.5. Spain 10.3.6. Rest of Western Europe 10.4. Market Attractiveness Analysis By Country 11. UK Industry Analysis and Outlook Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 11.1. Historical Market Size Value (US$ Million) & Volume (Litres) Trend Analysis By Market Taxonomy, 2018 to 2022 11.2. Market Size Value (US$ Million) & Volume (Litres) Forecast By Market Taxonomy, 2023 to 2033 11.2.1. By Region 11.2.1.1. England 11.2.1.2. Scotland 11.2.1.3. Wales 11.2.1.4. Northern Ireland 11.2.2. By Product Type 11.2.3. By Variety 11.2.4. By Nature 11.2.5. By End Use 11.2.6. By Distribution Channel 11.3. Market Attractiveness Analysis 11.3.1. By Region 11.3.2. By Product Type 11.3.3. By Variety 11.3.4. By Nature 11.3.5. By End Use 11.3.6. By Distribution Channel 11.4. Key Takeaways 12. Germany Industry Analysis and Outlook Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 12.1. Historical Market Size Value (US$ Million) & Volume (Litres) Trend Analysis By Market Taxonomy, 2018 to 2022 12.2. Market Size Value (US$ Million) & Volume (Litres) Forecast By Market Taxonomy, 2023 to 2033 12.2.1. By Region 12.2.1.1. North-east (Germany) 12.2.1.2. North-west (Germany) 12.2.1.3. Central (Germany) 12.2.1.4. South (Germany) 12.2.1.5. Other(Germany) 12.2.2. By Product Type 12.2.3. By Variety 12.2.4. By Nature 12.2.5. By End Use 12.2.6. By Distribution Channel 12.3. Market Attractiveness Analysis 12.3.1. By Region 12.3.2. By Product Type 12.3.3. By Variety 12.3.4. By Nature 12.3.5. By End Use 12.3.6. By Distribution Channel 12.4. Key Takeaways 13. Italy Industry Analysis and Outlook Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 13.1. Historical Market Size Value (US$ Million) & Volume (Litres) Trend Analysis By Market Taxonomy, 2018 to 2022 13.2. Market Size Value (US$ Million) & Volume (Litres) Forecast By Market Taxonomy, 2023 to 2033 13.2.1. By Region 13.2.1.1. North (Italy) 13.2.1.2. Central (Italy) 13.2.1.3. South (Italy) 13.2.1.4. Islands (Italy) 13.2.2. By Product Type 13.2.3. By Variety 13.2.4. By Nature 13.2.5. By End Use 13.2.6. By Distribution Channel 13.3. Market Attractiveness Analysis 13.3.1. By Region 13.3.2. By Product Type 13.3.3. By Variety 13.3.4. By Nature 13.3.5. By End Use 13.3.6. By Distribution Channel 13.4. Key Takeaways 14. France Industry Analysis and Outlook Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 14.1. Historical Market Size Value (US$ Million) & Volume (Litres) Trend Analysis By Market Taxonomy, 2018 to 2022 14.2. Market Size Value (US$ Million) & Volume (Litres) Forecast By Market Taxonomy, 2023 to 2033 14.2.1. By Region 14.2.1.1. Northern (France) 14.2.1.2. Central (France) 14.2.1.3. Southern (France) 14.2.1.4. Eastern (France) 14.2.2. By Product Type 14.2.3. By Variety 14.2.4. By Nature 14.2.5. By End Use 14.2.6. By Distribution Channel 14.3. Market Attractiveness Analysis 14.3.1. By Region 14.3.2. By Product Type 14.3.3. By Variety 14.3.4. By Nature 14.3.5. By End Use 14.3.6. By Distribution Channel 14.4. Key Takeaways 15. Spain Industry Analysis and Outlook Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 15.1. Historical Market Size Value (US$ Million) & Volume (Litres) Trend Analysis By Market Taxonomy, 2018 to 2022 15.2. Market Size Value (US$ Million) & Volume (Litres) Forecast By Market Taxonomy, 2023 to 2033 15.2.1. By Region 15.2.1.1. Basque Country 15.2.1.2. Andalusia 15.2.1.3. Extremadura 15.2.1.4. Catalonia 15.2.1.5. Valencia 15.2.1.6. Rest of Spain 15.2.2. By Product Type 15.2.3. By Variety 15.2.4. By Nature 15.2.5. By End Use 15.2.6. By Distribution Channel 15.3. Market Attractiveness Analysis 15.3.1. By Region 15.3.2. By Product Type 15.3.3. By Variety 15.3.4. By Nature 15.3.5. By End Use 15.3.6. By Distribution Channel 15.4. Key Takeaways 16. Rest of Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 16.1. Historical Market Size Value (US$ Million) & Volume (Litres) Trend Analysis By Market Taxonomy, 2018 to 2022 16.2. Market Size Value (US$ Million) & Volume (Litres) Forecast By Market Taxonomy, 2023 to 2033 16.2.1. By Product Type 16.2.2. By Variety 16.2.3. By Nature 16.2.4. By End Use 16.2.5. By Distribution Channel 16.3. Market Attractiveness Analysis 16.3.1. By Product Type 16.3.2. By Variety 16.3.3. By Nature 16.3.4. By End Use 16.3.5. By Distribution Channel 16.4. Key Takeaways 17. Market Structure Analysis 17.1. Competition Dashboard 17.2. Competition Benchmarking 17.3. Market Share Analysis of Top Players 17.3.1. By Regional 17.3.2. By Product Type 17.3.3. By Variety 17.3.4. By Nature 17.3.5. By End Use 17.3.6. By Distribution Channel 18. Competition Analysis 18.1. Competition Deep Dive 18.1.1. Spack BV 18.1.1.1. Overview 18.1.1.2. Product Portfolio 18.1.1.3. Profitability by Market Segments 18.1.1.4. Sales Footprint 18.1.1.5. Strategy Overview 18.1.1.5.1. Marketing Strategy 18.1.2. Gustav Heess Oleochemische Erzeugnisse GmbH 18.1.2.1. Overview 18.1.2.2. Product Portfolio 18.1.2.3. Profitability by Market Segments 18.1.2.4. Sales Footprint 18.1.2.5. Strategy Overview 18.1.2.5.1. Marketing Strategy 18.1.3. Henry Lamotte Oils GmbH 18.1.3.1. Overview 18.1.3.2. Product Portfolio 18.1.3.3. Profitability by Market Segments 18.1.3.4. Sales Footprint 18.1.3.5. Strategy Overview 18.1.3.5.1. Marketing Strategy 18.1.4. Hunter & Gather Foods Ltd 18.1.4.1. Overview 18.1.4.2. Product Portfolio 18.1.4.3. Profitability by Market Segments 18.1.4.4. Sales Footprint 18.1.4.5. Strategy Overview 18.1.4.5.1. Marketing Strategy 18.1.5. Sesajal S.A de C.V. 18.1.5.1. Overview 18.1.5.2. Product Portfolio 18.1.5.3. Profitability by Market Segments 18.1.5.4. Sales Footprint 18.1.5.5. Strategy Overview 18.1.5.5.1. Marketing Strategy 18.1.6. Grupo Industrial Batellero 18.1.6.1. Overview 18.1.6.2. Product Portfolio 18.1.6.3. Profitability by Market Segments 18.1.6.4. Sales Footprint 18.1.6.5. Strategy Overview 18.1.6.5.1. Marketing Strategy 18.1.7. Grove 18.1.7.1. Overview 18.1.7.2. Product Portfolio 18.1.7.3. Profitability by Market Segments 18.1.7.4. Sales Footprint 18.1.7.5. Strategy Overview 18.1.7.5.1. Marketing Strategy 18.1.8. Cibaria International 18.1.8.1. Overview 18.1.8.2. Product Portfolio 18.1.8.3. Profitability by Market Segments 18.1.8.4. Sales Footprint 18.1.8.5. Strategy Overview 18.1.8.5.1. Marketing Strategy 18.1.9. Olivado USA 18.1.9.1. Overview 18.1.9.2. Product Portfolio 18.1.9.3. Profitability by Market Segments 18.1.9.4. Sales Footprint 18.1.9.5. Strategy Overview 18.1.9.5.1. Marketing Strategy 18.1.10. Spectrum Organics Products, LLC 18.1.10.1. Overview 18.1.10.2. Product Portfolio 18.1.10.3. Profitability by Market Segments 18.1.10.4. Sales Footprint 18.1.10.5. Strategy Overview 18.1.10.5.1. Marketing Strategy 18.1.11. Bella Vado Inc. 18.1.11.1. Overview 18.1.11.2. Product Portfolio 18.1.11.3. Profitability by Market Segments 18.1.11.4. Sales Footprint 18.1.11.5. Strategy Overview 18.1.11.5.1. Marketing Strategy 18.1.12. The Village Press 18.1.12.1. Overview 18.1.12.2. Product Portfolio 18.1.12.3. Profitability by Market Segments 18.1.12.4. Sales Footprint 18.1.12.5. Strategy Overview 18.1.12.5.1. Marketing Strategy 18.1.13. La Tourangelle, Inc. 18.1.13.1. Overview 18.1.13.2. Product Portfolio 18.1.13.3. Profitability by Market Segments 18.1.13.4. Sales Footprint 18.1.13.5. Strategy Overview 18.1.13.5.1. Marketing Strategy 19. Assumptions & Acronyms Used 20. Research Methodology
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