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
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
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.
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.
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
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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What can you expect from the
oil market is prepared with the main agenda to cover the following 20
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
9. Mergers & Acquisition Analysis 19. Opportunity Analysis
10. Patent Analysis 20. Revenue and Volume Analysis
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