Olive Oil Market:
Growth opportunities in the Olive Oil Market look promising over the next six years. This is mainly due to the changing lifestyle pattern of the consumer, the rising prevalence of cardiovascular diseases, and the increasing focus on maintaining overall health.
Olive Oil Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The augmenting emphasis on sustaining health and wellness across individuals is a prominent driver responsible for the growth of the global olive oil market. Also, the altering lifestyle of consumers has prompted them to include healthier oil options like vegetable oil in their daily diet. The increasing incidences of obesity and cardiovascular diseases are strengthening the market size. Moreover, consumers have become more conscious about the label claims to acknowledge the nutritional value of products before choosing the product. The growing awareness among consumers has accelerated the demand for vegetable oils high in vitamin E, MUFA, and omega-3. Olive oil is affluent in MUFA and several other antioxidants, which assist the functioning of the heart. Therefore, the expanding consciousness about the health benefits of essential fatty acids will promote olive oil market size owing to a high content of omega 3 fatty acids.
The inclination towards raw, cold-processed, and natural oils is because they are a better option and does not contain any chemicals. Moreover, the benefits offered by virgin and extra-virgin olive oils such as enhancement of skin and hair health, protection against diabetes, and help in weight loss are alluring consumers towards the market. However, as per the olive oil market analysis, high price of these oils has pushed the consumers in favor of its low-cost substitutes such as canola oil, sunflower oil, and coconut oil and is obstructing the market growth.
Type Segment Drivers
Based on the type, the virgin olive oil is expected to witness a higher CAGR during the forecast period. This is attributed to the rising prominence of this type of oil because of the enormous nutritional benefits, such as Omega-3 and oleic acid. Also, it works as an anti-inflammatory and protects against diabetes and insulin resistance while enhancing blood cholesterol levels. Moreover, their modest consumption reduces the probability of gallstones.
Olive Oil Market’s leading Manufacturers:
- Gallo
- Bertolli
- Del Monte
- Deoleo
- Odysea Ltd.
- ACEITES LA MASÍA
- Cargill, Incorporated
- SOVENA
- Ybarra
- GRUPPO SALOV P. IVA
Olive Oil Market Segmentation:
Segmentation by Type
- Virgin olive Oils
- Pure/Refined Olive Oil
- Others
Segmentation by End-User
- Household/Retail
- Foodservice/HORECA
- Food Manufacturing
- Others
- Private Cloud
- Hybrid Cloud
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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