Olives are the traditional tree crops of
the Mediterranean Basin. The rising consumption of olive oil in developing as
well as developed nations is expected to drive the global olive oil market in
the forecast years. Olive oils have several health benefits and are considered
as a healthier option to fatty acids. These oils have anti-inflammatory
properties and contain antioxidants, thereby protecting against heart diseases
and obesity. Spurred by these health benefits, the demand for olive oils is expected
to increase in the forthcoming years.
Fortune Business Insights offers a detailed
overview of the global market in a report, titled “Olive Oil Market Size, Share
& Industry Analysis, By Product Type (Virgin olive oil, Refined, Pomace),
By Application (Food and Beverages, Pharmaceuticals, Cosmetics & Personal
Care), By Distribution Channel (Convenience Stores, Online, Specialty Stores,
Drug Stores, Hypermarkets/Supermarkets, Retail) and Regional Forecast,
2019-2026.”
The report provides a detailed overview of
the overall market landscape, aiming to help key players build business
strategies. These strategies will further help companies to stay ahead of the
competition. In addition to this, it analyzes some of the latest trends prevalent
in the market, helping our readers to gain valuable insights into the olive oil
industry. Last but not least, the report gives a detailed overview of the
competitive landscape and profiles of key players.
Increasing
Health Consciousness to Drive Market in Europe
Among regions, Europe is expected to
dominate the global olive oil market through the forecast years. The growth us
ascribable to the rising usage of olive oil in households. People in the region
are increasingly becoming health conscious and focussing on consuming healthier
products. Spurred by this, the market is expected to rise at a higher CAGR in
Europe in the forthcoming years. Industries such as pharmaceuticals, cosmetics
are growing at a rapid rate, surging demand for olive oil products across the
region.
Countries such as Greece, Syria, Spain,
Italy, and Tunisia are the highest contributors to this oil. Among these, Spain
is one of the largest producers and exporters for olive oil in the world.
Moreover, countries such as France, Portugal, Australia, U.K., China, France,
and the U.S. are the largest importers of olive oil from Spain. Other regions such as North America, Asia
Pacific, and the Middle East and Africa are expected to rise at a considerable
rate in the years to come.
Culinary
Use of Olive Oil to Fuel its Demand Worldwide
The wide use of olive oil in medicines,
cosmetics, and cooking is likely to create growth opportunities by 2026. It
contains oleic acids and some fatty acids such as linoleic acid (21%) and
palmitic acid (20%). These acids offer several health benefits which include
enhancing metabolism by reducing inflammation. The rising use of this oil for
culinary use is contributing to the growth of the market. Governments around
the world are conducting initiatives to support the consumption of this
nutritional oil, which is further expected to help market flourish. On the other
side, fluctuations in olive oil prices may hamper the growth of the market.
Additionally, the lack of advanced technologies required for the extraction of
this oil is expected to restrict the market growth to an extent.
As
per product types, virgin oil is expected to register higher growth in the
forecast years on account of its rising demand from cosmetics and chemical
industry.
Artisan
Oil Company and Morocco Gold Launched Extra Virgin Olive Oil in the UK
Leading players in the olive oil market are
continuously focussing on to develop innovative products for different
industries, aiming to maintain their prominence. Companies such as Almazaras de la Subbetica,
Muela Olives S.L., and Sucesores de Hermanos Lopez S.A, received an award by
the World’s Best Olive Oils (WBOO) Organization. These companies produce the
highest quality olive oil and are likely to contribute to the growth of the
market. Some of the other significant developments made by companies
include:
Gain
More Insights into the Olive Oil Market Research Report
https://www.fortunebusinessinsights.com/industry-reports/olive-oil-market-101455