A
new market intelligence study by Transparency Market Research
presents a detailed overview of the global
olive oil in food and beverages market. The report is titled
“Olive Oil in Food and Beverages (Virgin Olive Oil, Refined Olive
Oil, Extra Virgin Olive Oil) Market - Global Industry Analysis, Size,
Share, Trends and Forecast 2015 - 2023.” The global olive oil
market has been studied with the food and beverage industry being the
main focus. It includes the SWOT analysis that throws light on the
strengths, weaknesses, opportunities, and threats influencing the
segments of the olive oil market.
Olive
oil is the fat obtained from the olive crop, which is increasingly
being used in cooking, cosmetics, soaps, pharmaceuticals, and others.
It is used across the globe but often associated with Mediterranean
cuisine and diet. Olive oil has a great culinary significance and due
to its ability to fight depression, mitigate the risk of
cardiovascular diseases and cancer, and prevent osteoporosis, they
are highly in demand. Olive oil is witnessing a high consumption in
Asia Pacific and North America, which is propelling the overall olive
oil market. A growth in the cosmetic and food and beverages industry
is helping the global olive oil market to expand.
The
challenges faced by the global olive oil market include the inability
to meet the high demands of consumers due to low harvest of olives.
Recently, the unusually high temperature in the major olive producing
country of Spain led to early maturation of olives, which led to a
low production of olive oil. These factors have led to an increase in
the prices of olive oil, which is further expected to restrain the
market’s growth.
The
global olive oil market is segmented on the basis of geography into
North America, Europe, Asia Pacific, and the Rest of the World. Of
these, the highest demand is expected to be seen in Europe. European
countries such as Turkey, Spain, Greece, and Italy have massive
production facilities, with Spain accounting for 55% of the global
olive oil market.
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The
market in North America is expected to be driven by the rising
consumption of olive oil in the U.S. An increasing number of health
conscious people in the U.S., is responsible for the high demand of
olive oil in the country. The olive oil market in Asia Pacific looks
promising and is expected to show a health growth rate in the coming
years. The rising awareness about health and fitness among the people
living in India, Australia, China, and Japan is expected to drive the
market in Asia Pacific.
Major
players operating in the global olive oil market studied in the
report are: Borges, Pompeian, Deoleo, Colavita, Salov, Ybarra, and
Sovena Group.
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