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Global Market Study on Olive Oil: Increasing Consumption of Extra Virgin Olive Oil Fuelling Market Growth


Olive Oil  Market
  • Published On : Jun-2020 |
  • Pages : 350 Pages |
  • Format : Olive Oil  Market Olive Oil  Market Olive Oil  Market Olive Oil  Market

Extra virgin olive oil is the least processed, unrefined, and high-quality olive oil that contains no chemicals and is rich in nutrients. It retains the original taste of olives and has lower levels of oleic acid; thus, regarded as one of the healthiest oils around. Its nutritional composition includes vitamins D and K, monosaturated fats, and high levels of antioxidants. Extra virgin olive oil is also perceived to reduce the risk of cardiovascular disease, inflammation, and bad cholesterol. The ongoing health consciousness trend promotes the use of extra virgin olive oil, significantly boosting the sales of products containing this super healthy oil. This is one of the main factors expanding the global olive oil market size.

Olive Oil Market Trends

Growing Application of Olive Oil in Cosmetic Industry: Olive oil is a versatile oil used in the foodservice industry for marinades, ranches & dressings, baking, shallow frying, and other purposes. It is also widely used in households for cooking, attributable to its beneficial health properties. Manufacturers are also offering olive oil for different applications, such as olive oil spray for dressings. However, new growth prospects are emerging, as manufacturers of cosmetics are increasingly adopting olive oil for its antioxidant and anti-inflammatory properties, and as a replacement for chemical-added commercial cosmetic ingredients. When used on the skin, olive oil removes dead skin cells and other impurities, and also cleanses, hydrates, and nourishes the hair.

  • In June 2019, ORS Olive Oil, an olive oil-based cosmetic manufacturer, launched olive oil grip gel ‘Fix It’ for wig and weave wearers. This product is sweat- and humidity-resistant, and formulated especially for applying on and styling wigs.

Innovative Packaging for Olive Oil Offerings: 981棋牌app下载Increasing competition in the olive oil market space poses challenges for manufacturers to sustain their market position. Creative and innovative packaging plays a vital role in such a case, ensuring product differentiation and improving brand awareness and sales, in this intensely competitive landscape. Thus, manufacturers in the olive oil market are using smart and attractive packaging to boost sales. Innovative packaging mostly impacts the sales of high quality and premium olive oil products, as premium packaging represents a product of good quality.

  • In April 2018, Deoleo launched new packaging for its Bertolli brand. This updated packaging is expected to boost brand awareness, globally.

Regional Outlook of Olive Oil Market

Olives are mostly cultivated in the Mediterranean region in countries such as Spain, Greece, Italy, Turkey, Morocco, and Egypt. These countries are among the leading producers of olives, and olive farming is one of the important businesses across these countries. Europe accounts for more than 60% share of global olive oil production, whereas, the Middle East & Africa accounts for more than 30% of the market share. As such, these regions are the most attractive for new entrants in the global olive oil market.

The markets in China and India are projected to experience high growth in East Asia and South Asia, respectively. Increasing popularity and high rate of adoption of healthy extra virgin olive oil in a wide range of applications is an important factor, on the back of which, these economies are expected to witness exponential growth rates in the global olive oil market. However, the presence of fraudulent products and adulteration of olive oil is also hindering the growth of the global olive oil market.

COVID-19 Impact on Olive Oil Market

The widespread of COVID-19 disease has become the foremost obstacle for the growth of global economy, which, is consequently impacting the food & beverage industry, Disturbed supply-chain of major agricultural products is also among the major contributing factors for reduced food consumption. Olive oil is majorly used as a cooking oil, in marinades and dressings, and in the foodservice industry. This could be a major setback for olive oil consumption, as restaurants and hotels have been shut due to the pandemic. The use of olive oil by food manufacturers has also reduced as the manufacturing of goods has also slowed down. The use of olive oil in other industries such as cosmetics and personal care has also been affected during the second quarter of 2020. However, after the successful end of this pandemic, the market is expected to pick substantial pace in the future.

Analysts’ Viewpoint

The global olive oil market has witnessed substantial growth over the past few years, and this growth rate is expected to increase by a significant rate throughout the forecast period of 2020-2030. South Asia is projected to experience the highest growth rate, followed by East Asia, owing to the high rate of adoption of olive oil and demand for premium olive oil from the foodservice industry.

Market participants are adopting various strategies to increase and expand their production capacities and improve global olive oil market share. Leading manufacturers are focusing on frequent product launches of varieties of olive oil and its products. They are also partnering with olive farmers for uninterrupted supply of high-quality olives for the production of premium olive oil. However, the limited supply of olives is impacting the production of olive oil and inflating its prices, which is somewhat restricting the market from reaching its full potential.

Olive Oil Market: Scope of the Study

The latest market report by Persistence Market Research on the global olive oil market evaluates the opportunities and current market scenario, providing insights and updates about the corresponding segments in the global olive oil market for the forecast period of 2020-2030. The report provides detailed assessment of key market dynamics and comprehensive information about the structure of the global olive oil market. This report contains exclusive insights into how the global olive oil market is anticipated to grow during the forecast period of 2020-2030.

The primary objective of the global olive oil market report is to provide insights regarding opportunities in the market that are supporting the transformation of global businesses associated with olive oil. It is very important to consider that, in an ever-wavering economy, we provide estimated (Y-o-Y) year-on-year growth rate in addition to compound annual growth rate (CAGR) for overall forecasts, enabling readers to better understand the analysis and evaluation of the global olive oil market, and to discover lucrative opportunities in the market.

981棋牌app下载This report also provides an estimate of the global olive oil market size and corresponding revenue forecasts carried out in terms of absolute $ opportunity. It offers actionable insights based on future trends in the olive oil market. Furthermore, new and emerging players in the global olive oil market can use the information presented in the study to make effective business decisions, which will provide momentum to their businesses as well as the olive oil market.

981棋牌app下载The study is relevant for manufacturers, suppliers, distributors, and investors in the global olive oil market. All stakeholders in the global olive oil market, as well as industry experts, researchers, journalists, and business researchers, can leverage the information and data presented in PMR’s study.

Key Segments of Global Olive Oil Market

PMR’s report on the global olive oil market offers information divided into six segments - product, nature, end use, packaging, distribution channel, and region.

Product

Nature

End Use

Packaging

Distribution Channel

Region

  • Extra Virgin Olive Oil
  • Organic
  • Retail
  • Bulk
  • Business to Business
  • North America
  • Virgin Olive Oil
  • Conventional
  • Food Industry
    • Marinades
    • Ranches & Dressings
    • Baking
    • Shallow Frying
    • Others
  • Retail
    • Plastic Bottles
    • Glass Bottles
    • Pouches
    • Tin Cans
  • Business to Consumer
    • Hypermarkets/Supermarkets
    • Convenience Stores
    • Independent Small Grocery Stores
    • Food & Drink Specialty Stores
    • e-Retail
  • Latin America
  • Olive Pomace Oil
  • Cosmetics
    • Skin Care
    • Hair Care
    • Toiletries
  • Europe
  • Refined Olive Oil
  • Others
  • South Asia
  • East Asia
  • Oceania
  • Middle East & Africa

Key Questions Answered in PMR’s Global Olive Oil Market Report

  • Which region will hold the highest market share in the global olive oil market during the forecast period?
  • Which regional market is experiencing the highest growth (CAGR)?
  • Which factors are impacting the global olive oil market?
  • What are the global trends impacting the olive oil market?
  • What strategies must emerging players adopt to capture opportunities in various regions in the olive oil market?
  • What is the market structure of the global olive oil market?

Global Olive Oil Market: Research Methodology

PMR is committed to providing unbiased market research solutions to its clients. PMR follows a robust methodology for the deduction of data included in its reports. A unique research methodology is utilized to conduct extensive research on the global olive oil market, and reach conclusions about the future growth factors of the market. The research methodology uses primary research methods coupled with secondary research methods, which ensures the accuracy and reliability of the conclusions in this report.

981棋牌app下载A demand-side approach is followed to estimate the sales of target products, followed by an in-depth supply-side assessment of value generated, key trends, and events over a predefined period. This methodology is based on the use of standard market structures, methods, and definitions that are based on inputs from local sources in over seven regions - North America, Latin America, Europe, South Asia, East Asia, Oceania, and the Middle East & Africa, which PMR considers for segmenting the global market. Statistics, characteristics, and variances are collected at a regional level, aggregated at the same level, and then synthesized at a global level to create global market measurements. Our main sources of research include:

  • Primary Research
  • Secondary Research
  • Trade Research

Companies covered in Olive Oil Market Report

  • GALLO Worldwide, Lda
  • Cargill, Incorporated. 
  • Broges SA
  • Deoleo, S.A.
  • California Olive Ranch
  • Fieldfresh Foods Private Limited
  • Almazaras de la Subbetica
  • Paolo Bonomelli Boutique Olive Farm 
  • Conagra Brands
  •  Oro del desierto
  • Sucesores de Hermanos López SA
  • HACIENDA EL PALO SL
  • frantoio romano
  • Colavita USA, LLC
  • Azienda Agricola Leone Sabino
  • Knolive Oils
  • MONINI 
  • Hispasur Aceites S.L.
  • LIÁ Olive Oil
  • Nicola Pantaleo S.p.A..

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