In
the years to come, the success of the global olive oil market in the
global food and beverages industry is expected to depend on the
realization of the many health benefits of using olive oil. Besides
being used in food and beverages, the use of olive oil is also
increasing for manufacturing soaps, cosmetics, and pharmaceuticals.
This is expected to propel the global olive oil market.
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Based
on region, the global olive oil in food and beverages market is
divided into Asia Pacific, Europe, North America, and Rest of the
World. Currently, the demand for olive oil in the European food and
beverages industries is the highest. Europe houses massive production
facilities and infrastructure, which is benefiting its food and
beverages companies. The rising use of olive oil in food and
beverages will help Europe to maintain its dominance in the years to
come. Massive production facilities in nations such as Greece, Spain,
Turkey, and Italy will continue to make Europe as the leading
producer of olive oil. At present, Spain and Italy collectively hold
55% of the global olive oil market.
The
report on the global olive oil in food and beverages market studies
the factors driving and restricting the market. Current market trends
and the future prospects of key players are listed in the report.
With industry-standard tools such as Porter’s five force analysis
and SWOT analysis, strengths, opportunities, threats, and weaknesses
of key companies are measured. Analysts brief readers about
technological improvements and innovations that have impacted the
global market. For a better understanding of this global market, the
report analysts have divided it into segments and sub-segments. Key
companies and startups operating in this global market are listed in
the report.
Overview
of the Olive Oil in Food and Beverages Market
The
global olive oil in food and beverages market is in its growth phase
and is expected to grow at a robust pace. Olive oil has become an
integral part of the rising Mediterranean food. Owing to its health
benefits and its culinary importance, the demand for olive oil is
predicted to increase in many regions across the globe. Olive oil has
the ability to fight various health issues such as cancer,
depression, cardiovascular diseases, and osteoporosis. This has led
to the increasing use of olive oil in various food and beverages.
At
present, the North America olive
oil in food and beverages market is driven by the increasing
demand for olive oil in the United States. Currently, the United
States is ranked as the third biggest consumer of olive oil across
the globe. With production facilities in California, Arizona, and
Texas, the U.S. is expected to maintain its dominance in the North
America olive oil in food and beverages market.
Going
forward, Asia Pacific is predicted to register a considerable growth
in the global market owing to the rising awareness of the health
benefits of consuming olive oil. The demand for olive oil in food and
beverages is predicted to increase in India, China, Japan, and
Australia.
Companies
Mentioned in the Olive Oil in Food and Beverages Market Report
The global olive oil in food and beverages market is currently offering opportunities for the key companies. Some of the leading players operating in the global olive oil in food and beverages market are Colavita, Salov, Deoleo, Borges, Sovena Group, Ybarra, and Pompeian.
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