The global avocado oil market was valued at US$ 62.8 million in 2016 and is expected to reach US$ 177.4 million by 2025, witnessing a CAGR of 12.27% over the forecast period (2017-2025), according to Avocado Oil Market, by Product Type (Virgin Oil, Extra Virgin Oil, Refined Oil, and Blend), by Application (Personal Care Products, Cooking, Medicinal Products, and Others), and by Distribution Channel (Hypermarkets, Supermarkets, Specialty Stores, Convenience Stores, and Others) published by Coherent Market Insights. Avocado oil is extracted from the pulp of avocado fruit originated in Central America and Mexico. High protein, antioxidant, good fats, soluble and insoluble fibers, and various minerals and vitamins are some of the benefits associated with avocado oil, which in turn increases its demand and fueled growth of the avocado oil market. Furthermore, it is also used in the treatment of health related problems as coronary heart diseases, leading to growth of the market. In 2017, avocado oil is listed as a prescription drug in France for the treatment of knee and hip osteoarthritis, owing to its ability to counter the negative effects of arthritis when taken internally. They are considered to be as healthy as almond or olive, however are more expensive, which in turn hampers the market growth.
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