Olive Oil Market – Global Industry Analysis, Forecast 2016 – 2024
Olive oil, an edible oil is being increasingly consumed by people from across the globe. Considering its nutritional value and the taste, olive oil is being consumed by a big pool of the global population. The market offers various types of olive oils such as extra virgin olive oil, light olive oil, pure olive oil, virgin olive oil, olive pomace oil, and refined olive oil. At present, the extra virgin olive oil is the highest quality olive oil, consumed by a majority of health-conscious people. As the extra olive oil carries less than 1% acidity, it has gained popularity across the globe.
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By region, the global olive oil market is divided into Europe, Asia Pacific, North America, and Rest of the World. Nations such as the United States and Australia are on the verge of standardization of olive oil on an international level. This would support the consistently rising demand for olive oil. The rising demand for olive oil in Europe and North America is expected to make these two regions two of the most promising markets for olive oil.
Currently, the production of olive oil in countries such as Brazil and India is low. However, consistent efforts are being made by emerging nations to propel their production so as to meet the rising demand.
The report on the global olive oil market highlights key factors driving the growth and factors challenging the market. Factors such as market structure, the feasibility of new projects, current market trends, future projections, and key players operating in the market are measured in the report. A detailed analysis of technological improvements and market trends is carried out by analysts. The report briefs readers about key product segments and also gives a clear picture of the competitive landscape. By using industry-standard tools such as SWOT analysis, strengths, weaknesses, opportunities, and threats of key companies are measured in the report.
Overview of the Olive Oil Market
The consistent demand for olive oil from end-use industries is expected to propel the global market throughout the forecast period. Olive oil finds application in the food and beverages industry, the beauty care and cosmetics industry, and the pharmaceutical industry. The steady growth of these industries is likely to boost the demand for olive oil.
The global market for olive oil is experiencing a considerable growth owing to the rising consumer awareness about the many benefits of consuming olive oil and strong economic growth. Western lifestyle is being increasingly adopted by the population of developed nations. This is credited to be one of the biggest factors driving the global olive oil market.
Companies Mentioned in the Olive Oil Market Report
Some of the companies operating in the global olive oil market are Salov, Borges, Ybarra, Deoleo, and Sovena Group. By offering new olive oil-based products in many regions, these key companies are expected to maintain their dominance throughout the forecast period. Key companies are predicted to face a high level of competition from the new entrants in the years to come.