Global Olive Oil Market Size is estimated to expand rapidly in coming years, at a CAGR of 11.2 % from 2019 to 2027. In 2017, the global market valuation was USD 1.28 billion, and it is anticipated to be greater than USD xx.xx billion by 2027. Olive oil is a liquid olive fat product that is commonly used in baking, cosmetics and pharmaceuticals. It mainly consists of oil acid, linoleic acid and palmitic acid, along with other fatty acids.
Product criteria are increased by the nutritional value and flavor synonymous with olive oil. In turn, olive oil has also raised its market demand for health benefits, which is expected to increase further in the coming years. Thanks to the chemical-free processing techniques combined with increased nutritional content, virgin olive oil has gained significant popularity.
In addition, the growing market demand for olive oils in cooking applications is likely to increase. In addition, personal care products are mixed with extracts of olive oil that gain market popularity due to the associated skin advantages. However, limited olive production in certain geographical areas and fluctuations in olive oil prices have impeded market growth and are expected to create lucrative opportunities for the market.
This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global olive oil market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global olive oil market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.
By Source Insights: On the basis of source, global olive oil market has been segmented into organic and conventional sources. Among which organic segment has accounted for largest share in the global market. This growth is mainly owing to the increasing demand, awareness and benefits regarding organic products.
By Type Insights: On the basis of type, global olive oil market has been segmented into extra virgin olive oil, virgin olive oil, and pure olive oil. Among which extra virgin olive oil segment is expected to witness high growth in forecast period. This growth is mainly ascribed to the increasing demand of this type of olive oil among consumers.
By Application Insights: On the basis of application, global olive oil market has been segmented into food, beverage, personal care, pharmaceuticals. Due to its large applications in cooking and health benefits, olive oil is expected to witness high growth in food industry.
The olive oil market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. North America region is expected to witness high growth in the global market of olive oil owing to the high use of olive oil for food purposes and as a home remedy for removing makeup, skin moisturizer and giving shiny texture to hair.
Global Olive Oil Market Size, Share and Trend Analysis by Region 2019
Regionally, Asia Pacific region is expected to witness high growth in forecast period. High consumption of olive oil in hotels and food industries, increased income per capita are some of the key reasons behind the market growth of olive oil. Olive oil is rich in monotonic fats and offers a variety of health benefits that make it a healthy complement in moderate consumption to a balanced diet. Daily olive oil can help you get the optimal healthy fat intake and can improve overall health in a number of ways. This is the key reason behind the market growth of olive oil.
As large projects are ongoing in countries like China, India, Australia, and Indonesia in Asia Pacific, the region has potential to bypass any competition. This is also because of the great amount of reserves that the region has. Exploration activities in China are increasing which is why China may have great demand for tin catalysts and compounds. According to the National Bureau of Statistics, olive oil market will increase the regional demand during the forecast period.
Global Olive Oil Market Study Objective
To forecast the market size of olive oil market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.
Market analysis and forecast of olive oil market on the basis of region, substrate, and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.
To analyze and elaborate significant factors that will have a major impact on the growth of olive oil market, such as drivers, restraints, challenges, and opportunities.
The regional analysis of olive oil market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa, and the Asia Pacific.
Strategic analysis of micro markets, in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.
To provide detailed analysis of competitive and strategic developments in the olive oil market like a new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.
Key Players Landscape
Salov, Borges Mediterranean Group, Ybarra, Deoleo, Sovena Group, Figaro, Farrel, Del Monte Foods, Unilever Group, and Lenardo are some of the key players in the global market of olive oil. Such manufacturers plan to supply customized goods to increase consumer base and market share. They also focus on increasing geographical reach in order to gain maximum application penetration, especially in developing countries. It is likely to be a key factor in success for companies to set up R&D centers, together with strategic partnerships with investment companies, to introduce innovative technologies.
Global Olive Oil Market Study Report Offer You!
The global olive oil market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.
Save Your Time
Wide Range of Reports
World Class Market Research
100% Customer Satisfaction
24/7 Customer care Support
Let's Talk Online