Olive Oil Market: Global Industry Analysis and Key Trends, Market Growth

Olive Oil Market size was valued at US$ 8.92 Bn. in 2020 and the total revenue is expected to grow at 6.13 % through 2021 to 2027, reaching nearly US$ 13.53 Bn.

Olive Oil Market Overview:

Olive oil is natural oil that is obtained by pressing olives. Olive oil is said to have a slew of health advantages. Olive oil is a form of lipid that comes from the fruit of the olive tree and contains healthy fatty acids such as monounsaturated fatty acids, hexadecanoic acid, and linolic acid. Vegetable oil is widely utilised and readily available all around the world. It's well-known for its ability to lower cholesterol levels in the body, which helps to avoid heart disease. It's utilised in a number of skincare and personal care products because of its moisturising and exfoliating properties. Vegetable oil can be used in a variety of ways, such as a spray for dressing, cosmetics, and personal care, as well as in foods and pharmaceuticals. As a result of these circumstances, there is a huge demand for vegetable oil on the market. Olive Oil Market To know about the Research Methodology :- Request Free Sample Report 2020 is considered as a base year to forecast the market from 2021 to 2027. 2020’s market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years trends are considered while forecasting the market through 2027. 2020 is a year of exception and analysed specially with the impact of lockdown by region.

Global Olive Oil Market Dynamics:

During the forecast period, the global market is expected to be driven by steady demand for vegetable oil from end-user industries. Vegetable oil is used in the food and beverage industry, as well as in the sweetness care and cosmetics sector and, as a result, in the pharmaceutical sector. The need for vegetable oil will most likely increase as those industries continue to grow. Due to increased consumer knowledge of the multiple benefits of ingesting vegetable oil and a robust economic process, the global market for vegetable oil is seeing substantial growth. The population of wealthy countries is progressively adopting Western lifestyles. One of the most important factors propelling the global vegetable oil industry is generally linked to this Olive oil is gluten-free, making it a healthier and more delicious alternative to other edible oils. It's high in oleic acid and antioxidants, which aid to reduce inflammation and reduce the incidence of chronic and cardiac illnesses. Olive oil also aids in the treatment of rheumatoid arthritis and osteoporosis, as well as the prevention of type 2 diabetes, stomach cancer, and stomach ulcers. The demand for olive oil is expected to rise as a result of all of the above reasons for the health benefits linked with its intake. Due to the onset of the COVID-19 pandemic, the demand for and supply of olive organic product oil has dropped dramatically. The suspension of commercial activity caused by cross-country shutdown in different countries has hampered the development of this industry. According to the US Census Bureau, the United States' imports of olive organic product oil decreased by 13% in 2020 compared to 2019. The COVID-19 pandemic has had a significant impact on olive oil production and distribution; firms have suffered losses, sales have slowed, and profits have decreased. Olive Oil Market Growth is fueled by the growing adoption of a Healthy Lifestyle: The global Olive Oil market is expected to grow due to rising health awareness and adoption of healthier lifestyles as a result of an increase in heart disease cases around the world. Cardiovascular diseases (CVDs) are the largest cause of death globally, killing an estimated 17.9 million people each year, according to the World Health Organization (WHO). Four out of every five CVD deaths are caused by heart attacks and strokes, with one-third of those under the age of 70. Furthermore, due to increased demand for olive oils, global production is rising. Global olive oil output averaged 2.87 million tonnes in 2005–2006 and 2019–2020, according to the International Olive Council (IOC). The sector is gaining traction as people's discretionary income rises. As shown in the UN's 2020 World Economic Survey and Outlook, more than half of the world's main economies expanded in 2018 and 2019. Emerging economies increased at a steady 2.2 percent rate in both years, with growth rates in some countries reaching their potential. The availability of low-cost alternative oils, on the other hand, may limit the global olive oil market's development. Despite this, the rise of the e-commerce business in emerging nations may provide more prospects for the market's future growth.

Global Olive Oil Market Segment Analysis:

The global Olive Oil Market is segmented by Temperature Type, Type, Packaging Type, and Application. Based on the Type, the global Olive Oil market is sub-segmented into Virgin olive oil, Extra-Virgin Olive Oil, Pomace Olive Oil, and Others. The Virgin olive oil segment held the largest market share of xx% in 2020. This is due to rising demand from health-conscious customers since it includes natural vitamins and minerals and is beneficial against cardiovascular disorders, osteoporosis (bones), elevated vital signs, diabetes, and Alzheimer's disease. Also, the pomance olive oil segment held the 2nd largest market share of xx% in 2020. This is due to the fact that pomace olive oil is more affordable and widely available olive oil. Despite the fact that pomace olive oil has been processed, it is still seen as a superior option to other oils on the market and is thus in great demand when compared to other olive oils.  Olive Oil Market   Based on the Application, the global Olive Oil market is sub-segmented into Food and Beverage, Pharmaceuticals, and Cosmetics. The Food and Beverage segment held the largest market share of xx% in 2020 and it is expected to grow at the highest CAGR of 3.22% in the global olive oil market during the forecast period. Consumers' desire to live a healthy lifestyle has escalated the use of vegetable oil in a variety of food items as a cost-effective substitute. Vegetable oil is also used to season salads in order to preserve the antioxidants and phenols in vegetables and legumes. The product has become an important element of diabetic patients' diets since it is the primary source of healthy fats for diabetics. Olive Oil Market

Global Olive Oil Market Regional Insights:

Europe held the largest market share of 39% in 2020. Due to the great output of olive fruit oil in this region, Europe dominates the olive oil industry, and this oil is widely utilized in Mediterranean cuisine. Italy and Spain, which produce a lot of olive fruit oil, are the main contributors to this region. Global olive oil output reached 2.87 million tonnes during crop decades 2005–2006 and 2019–2020, as per figures from the International Olive Council (IOC), with 72 percent of it generated in the European Union (EU). Spain, Italy, and Greece produced almost 2 million tonnes of olive oil, contributing to 96 percent of all olive oil produced in the EU. Demand in the EU's non-producing countries increased considerably in countries like the United Kingdom and Germany. Asia Pacific is expected to grow at the highest CAGR of 5.5% in the global Olive Oil market during the forecast period. This signifies that throughout the projection period, the region will have the highest compound annual growth rate. This is due to an increase in the adoption of a healthier lifestyle, increased awareness of the health benefits of olive oil, and more personal discretionary money. Residents' discretionary income increased by 5.8% in 2019, according to the State Council of the People's Republic of China. China's disposable income per capita is 30,733 yuan ($ 4,461.95), up 5.5 percent over the previous year. The objective of the report is to present a comprehensive analysis of the global Olive Oil Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also helps in understanding the global Olive Oil Market dynamic, structure by analyzing the market segments and project the global Olive Oil Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Olive Oil Market make the report investor’s guide.

Global Olive Oil Market Scope: Inquire before buying

Global Olive Oil Market
Report Coverage Details
Base Year: 2020 Forecast Period: 2021-2027
Historical Data: 2016 to 2020 Market Size in 2020: US $ 8.92 Bn.
Forecast Period 2021 to 2027 CAGR: 6.13 % Market Size in 2027: US $ 13.53 Bn.
Segments Covered: by Type • Virgin olive oil • Extra-Virgin Olive Oil • Pomace Olive Oil • Others
by  Source • Organic • Conventional
by Application • Food and Beverage • Pharmaceuticals • Cosmetics
by Distribution Channel • Supermarket/Hypermarket • Convenience Store • Online Channel • Others

Global Olive Oil Market, by Region

• North America • Europe • Asia Pacific • South America • Middle East and Africa

Global Olive Oil Market Key Players

• DEOLEO • SOVENA • BORGES INTERNATIONAL GROUP • Minerva • Gallo • Vendors covered • Vendor classification • Market positioning of vendors • AVRIL • Bright Food • Almazaras de la Subbetica SL • Salov SpA • Avenida Rafael Ybarra • Cargill • Rafael Salgado • World Excellent Productions S.A. • POMPEIAN. • MONINI • Antonio Celentano Extra Virgin Olive Oil • Colavita. Frequently Asked Questions: 1] What segments are covered in Olive Oil Market report? Ans. The segments covered in Olive Oil Market report are based on Type, Source Application and Distribution Channel. 2] Which region is expected to hold the highest share in the global Olive Oil Market? Ans. Europe is expected to hold the highest share in the global Olive Oil Market. 3] What is the market size of global Olive Oil Market by 2027? Ans. The market size of global Olive Oil Market by 2027 is US $ 13.53 Bn. 4] Who are the top key players in the global Olive Oil Market? Ans. DEOLEO, SOVENA, BORGES INTERNATIONAL GROUP, Minerva, Gallo and Vendors covered are the top key players in the global Olive Oil Market. 5] What was the market size of global Olive Oil Market in 2020? Ans. The market size of global Olive Oil Market in 2020 was US $ 8.92 Bn.
1. Global Olive Oil Market: Research Methodology 2. Global Olive Oil Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Olive Oil Market 2.2. Summary 2.1.1. Key Findings 2.1.2. Recommendations for Investors 2.1.3. Recommendations for Market Leaders 2.1.4. Recommendations for New Market Entry 3.Global Olive Oil Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12 COVID-19 Impact 4. Global Olive Oil Market Segmentation 4.1 Global Olive Oil Market, by Type (2020-2027) • Virgin olive oil • Extra-Virgin Olive Oil • Pomace Olive Oil • Others 4.2 Global Olive Oil Market, by Source (2020-2027) • Organic • Conventional 4.3 Global Olive Oil Market, by Application (2020-2027) • Food and Beverage • Pharmaceuticals • Cosmetics 4.4 Global Olive Oil Market, by Distribution Channel (2020-2027) • Supermarket/Hypermarket • Convenience Store • Online Channel • Others 5. North America Olive Oil Market(2020-2027) 5.1 Global Olive Oil Market, by Type (2020-2027) • Virgin olive oil • Extra-Virgin Olive Oil • Pomace Olive Oil • Others 5.2 Global Olive Oil Market, by Source (2020-2027) • Organic • Conventional 5.3 Global Olive Oil Market, by Application (2020-2027) • Food and Beverage • Pharmaceuticals • Cosmetics 5.4 Global Olive Oil Market, by Distribution Channel (2020-2027) • Supermarket/Hypermarket • Convenience Store • Online Channel • Others 5.5 North America Olive Oil Market, by Country (2020-2027) • United States • Canada • Mexico 6. Asia Pacific Olive Oil Market (2020-2027) 6.1. Asia Pacific Olive Oil Market, by Type (2020-2027) 6.2. Asia Pacific Olive Oil Market, by Source (2020-2027) 6.3. Asia Pacific Olive Oil Market, by Application (2020-2027) 6.4. Asia Pacific Olive Oil Market, by Distribution Channel (2020-2027) 6.5. Asia Pacific Olive Oil Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 7. Middle East and Africa Olive Oil Market (2020-2027) 7.1 Middle East and Africa Olive Oil Market, by Type (2020-2027) 7.2. Middle East and Africa Olive Oil Market, by Source (2020-2027) 7.3. Middle East and Africa Olive Oil Market, by Application (2020-2027) 7.4. Middle East and Africa Olive Oil Market, by Distribution Channel (2020-2027) 7.5. Middle East and Africa Olive Oil Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 8. Latin America Olive Oil Market (2020-2027) 8.1. Latin America Olive Oil Market, by Type (2020-2027) 8.2. Latin America Olive Oil Market, by Source (2020-2027) 8.3. Latin America Olive Oil Market, by Application (2020-2027) 8.4. Latin America Olive Oil Market, by Distribution Channel (2020-2027) 8.5. Latin America Olive Oil Market, by Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 9. European Olive Oil Market (2020-2027) 9.1. European Olive Oil Market, by Type (2020-2027) 9.2. European Olive Oil Market, by Source (2020-2027) 9.3. European Olive Oil Market, by Application (2020-2027) 9.4. European Olive Oil Market, by Distribution Channel (2020-2027) 9.5. European Olive Oil Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 10. Company Profile: Key players 10.1. DEOLEO 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. SOVENA 10.3. BORGES INTERNATIONAL GROUP 10.4. Minerva 10.5. Gallo 10.6. Vendors covered 10.7. Vendor classification 10.8. Market positioning of vendors 10.9. AVRIL 10.10. Bright Food 10.11. Almazaras de la Subbetica SL 10.12. Salov SpA 10.13. Avenida Rafael Ybarra 10.14. Cargill 10.15. Rafael Salgado 10.16. World Excellent Productions S.A. 10.17. POMPEIAN. 10.18. MONINI 10.19. Antonio Celentano Extra Virgin Olive Oil 10.20. Colavita.

About This Report

Report ID 27227
Category Food & Beverages
Published Date Jan 2020
Updated Date Nov 2021
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