The growing awareness regarding health benefits associated with its consumption increases the demand for olive oil among consumers. As per the findings of a newly published market research report by IndustryARC, the global olive oil market valued at $7.6 billion as of 2018. The demand is anticipated to grow at a compound annual growth rate (CAGR) of 5.10% during the forecast period of 2019 to 2025.
titled “Olive Oil Market: By Type (Virgin Olive Oils, Refined Olive Oil, Olive
Oil); By Pack Type (Tins, Bottles); By Category (Organic, Non-Organic); By
Application & By Geography – Forecast (2019-2025),” states that the
consumption of olive oil has apparently increased in developing countries such
as China, Japan, and India due to its domestic production. Furthermore, the
stringent government norms have propelled the production in Brazil and are anticipated
to boost the olive oil market.
Global Olive Oil Market: Leading
According to the analyst of the IndustryARC research report, Europe dominated the revenue generation in 2018 with a share of 59.50%, which is more than half of the global contribution from the rest of the world. The growing demand for organic and virgin olive oil, the rising number of organized retailing outlets, and increasing imports and exports are the factors driving the growth of the olive oil market in this region. However, Italy and Spain in Europe are the largest consumers of olive oil. Olive oil is being consumed increasingly more in countries that are the non-producer countries.
On the other hand, food & beverage
application is the leading segment which is anticipated to grow at a CAGR of
5.36% during the aforementioned forecast period. Growing usage of olive oils in
preparing a variety of foods such as deep frying, salad dressing to lower the
cholesterol levels in the body, which will propel the growth of the market in the
food & beverage industry.
Olive Oil Market: Market Trends and Growth Drivers
· Packaging innovations in olive oil
The olive oil packaging provides the reduction of oxygen in the packaging is the key factors in lowering lipid oxidation and off-flavor development, which helps in maintaining the quality of the oil for long. The attractive designs of the bottles is another factor that attracts consumers.
· Ultrasound Technology for Oil Extraction
Ultrasound is one of the main emerging technology widely used to enhance oil extraction. This method induces to release oil easily from vacuoles with a considerably lower malaxation time, higher oil quality, and yield.
· Health Benefits of Olive Oil
The major reason for growing olive oil demand is the consumption of it due to increasing health concerns. It is one of the best alternatives for conventional edible oil in terms of taste and its unique properties. Furthermore, olive oil is gluten-free in nature that is a value-added advantage and it is propelling in the market.
· Increased Production of Extra Virgin Olive Oil
More of extra virgin olive oil is being produced in the Mediterranean countries. The producers of it is now shifting to bottled branded products which have increased the competition for retail shelf-space. The large supermarket chains are launching private label and house label brands. Hence, this has increased the demand for virgin olive oil in the market.
Olive Oil Market: Competitive Landscape
Some of the key companies identified in the report that are currently holding majority shares in the global olive oil market are Lamasia, Sovena Group, Gallo, Grup Pons, Maeva Group, Ybarra, Jaencoop, Deoleo, Carbonell, Hojiblanca, Mueloliva, Borges, Olivoila, BETIS, and Minerva.
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Culinary Oils Market
Edible Oil Market
What can you expect from the report?
The olive oil market is prepared with the main agenda to cover the following 20 points:
1. Market Size by Product Categories
& Application 11. Demand
Analysis (Revenue & Volume)
2. Market trends & Relevant Market Data 12. Country level Analysis
3. Manufacturer Landscape 13. Competitor Analysis
4. Distributor Landscape 14. Market Shares Analysis
5. Pricing Analysis 15. Value Chain Analysis
6. Top 10 End user Analysis 16. Supply Chain Analysis
7. Product Benchmarking 17. Strategic Analysis
8. Product Developments 18. Current & Future Market Landscape Analysis
9. Mergers & Acquisition Analysis 19. Opportunity Analysis
10. Patent Analysis 20. Revenue and Volume Analysis
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Response: Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization:
1. Increase the level of data in application or end user industry.
2. Increase the number of countries in geography chapter.
3. Find out market shares for other smaller companies or companies which are of interest to you.
4. Company profiles can be requested based on your interest.
5. Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end use segment.
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