Extra Virgin Olive Oil Market size is estimated to reach $3.4 billion in 2021, growing at a CAGR of 6.1% during the forecast period 2022-2027. The growth of the Extra Virgin Olive Oil Market is greatly fuelled by the ingenious applications of Extra Virgin Olive Oil and the emerging significance of Hydroxytyrosol.  Extra virgin olive oil is a kind of unrefined oil owing to the oil not being treated by heat or chemicals. Olive Oil can be applied as a makeup remover. Certain other brilliant applications of olive oil include massage oil, face moisturizer, pet lotion, hair mask, furniture conditioner, exfoliating scrub, sunburn lotion, peppy salad dressing and more. Hydroxytyrosol in extra virgin olive oil has the capability to restrict proliferation and advance apoptosis of numerous tumor cells. It has thus been recommended that hydroxytyrosol may have anticancer impacts. Omega-6 and Omega-3 fatty acids in extra virgin olive oil serve an essential role in the good functioning of the human body. Extra virgin olive oil is packed with monounsaturated fatty acids apart from antioxidants.

Extra Virgin Olive Oil Market Growth Drivers:

Surging Benefits of Extra Virgin Olive Oil are Driving the Growth of the Extra Virgin Olive Oil Industry:

Extra virgin olive oil is a superior constituent to be included in the kitchen cupboard recognized for its versatility, rich flavor and wonderful health advantages. It is the least processed kind of olive oil and is frequently thought to be the healthiest of all. Extra virgin olive oil includes monounsaturated fatty acids that could enhance heart health. The precise balance of omega-3 fatty acid and omega-6 fatty acid makes the oil specifically appropriate for cooking.  The principal antioxidants of olive oil involve the anti-inflammatory oleocanthal and oleuropein. In certain investigations, 10g of freshly olive stoning involving nearly 20mg oleuropein was administered. The surging benefits of Global Extra Virgin Olive Oil are therefore driving the growth of the Extra Virgin Olive Oil Industry, thereby contributing to the Global Extra Virgin Olive Oil Industry Outlook.

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Vital Role of Polyphenols in Extra Virgin Olive Oil is Propelling the Growth of the Extra Virgin Olive Oil Market:

Investigations have demonstrated that extra virgin olive oil possesses a natural content of polyphenols that can change between 50 and 5000 mg/kg (according to NMR spectroscopy). On average, extra virgin olive oil includes between 100 and 250 mg/kg of polyphenols. High-polyphenol olive oil helps in the absorption of omega-3 fatty acids. Extra virgin olive oil includes monounsaturated fatty acids like oleic acid which decreases the level of LDL (bad) cholesterol and increases the level of HDL (good) cholesterol. Numerous kinds of polyphenols, like hydroxytyrosol, tyrosol, oleuropein, oleoresin and oleocanthal, are specifically powerful in olives. The vital role of polyphenols in Extra Virgin Olive Oil is therefore propelling the growth of the Global Extra Virgin Olive Oil Market.

Product Launch:

In March 2021, Esporão introduced a novel organic extra virgin olive oil in Portugal. It was manufactured in the Olive Mill of Herdade do Esporão.

Extra Virgin Olive Oil Market: Competitive Landscape

Key companies holding major shares in the Global Extra Virgin Olive Oil Market are Sovena Group, Gallo, Ybarra, Carbonell, Hojiblanca, Mueloliva, Borges, Olivoila, Betis and Figaro.

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