Olive
oil, an edible oil is being increasingly consumed by people from
across the globe. Considering its nutritional value and the taste,
olive oil is being consumed by a big pool of the global population.
The market offers various types of olive oils such as extra virgin
olive oil, light olive oil, pure olive oil, virgin olive oil, olive
pomace oil, and refined olive oil. At present, the extra virgin olive
oil is the highest quality olive oil, consumed by a majority of
health-conscious people. As the extra olive oil carries less than 1%
acidity, it has gained popularity across the globe.
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By
region, the global olive oil market is divided into Europe, Asia
Pacific, North America, and Rest of the World. Nations such as the
United States and Australia are on the verge of standardization of
olive oil on an international level. This would support the
consistently rising demand for olive oil. The rising demand for olive
oil in Europe and North America is expected to make these two regions
two of the most promising markets for olive oil.
Currently,
the production of olive oil in countries such as Brazil and India is
low. However, consistent efforts are being made by emerging nations
to propel their production so as to meet the rising demand.
The
report on the global olive oil market highlights key factors driving
the growth and factors challenging the market. Factors such as market
structure, the feasibility of new projects, current market trends,
future projections, and key players operating in the market are
measured in the report. A detailed analysis of technological
improvements and market trends is carried out by analysts. The report
briefs readers about key product segments and also gives a clear
picture of the competitive landscape. By using industry-standard
tools such as SWOT analysis, strengths, weaknesses, opportunities,
and threats of key companies are measured in the report.
Overview
of the Olive Oil Market
The
consistent demand for olive oil from end-use industries is expected
to propel the global market throughout the forecast period. Olive oil
finds application in the food and beverages industry, the beauty care
and cosmetics industry, and the pharmaceutical industry. The steady
growth of these industries is likely to boost the demand for olive
oil.
The
global market for olive oil is experiencing a considerable growth
owing to the rising consumer awareness about the many benefits of
consuming olive oil and strong economic growth. Western lifestyle is
being increasingly adopted by the population of developed nations.
This is credited to be one of the biggest factors driving the global
olive oil market.
Companies
Mentioned in the Olive Oil Market Report
Some of the companies operating in the global olive oil market are Salov, Borges, Ybarra, Deoleo, and Sovena Group. By offering new olive oil-based products in many regions, these key companies are expected to maintain their dominance throughout the forecast period. Key companies are predicted to face a high level of competition from the new entrants in the years to come.
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