Global Olive Oil Market: More Regions Showing Surge in Demand, observes TMR

Transparency Market Research speaks in detail regarding the factors of influence on the demand and supply of olive oil in the world, in “Olive Oil Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024.” Olive oil is one of the more popular types of oil in several end-user industries. The food and beverages industry is currently the dominant end user of olive oil, due to the large scale use of olive oil in cooking and in certain types of beverages. The nutritional value of olive oil is exceptionally high and these factors are gaining in traction among general consumer groups across the world.

The primary factor currently responsible for the growth of the global olive oil market is the increasing use of olive oil by common consumers as well as end users. While the primary application of olive oil in the food and beverages industry is not only increasing in quantity, but also in diversity, the exploration of different types of olive oils is also improving consumer choices and considerations.

Currently, extra virgin olive oil is finding a very high level of preference among consumers and end users, in comparison to the other type based segments of the global olive oil market: refined olive oil, olive pomace oil, virgin olive oil, pure olive oil, light olive oil, and extra light virgin olive oil. Extra virgin olive oil scores very high in preference among consumers that are especially health conscious, due to the lower calorie count as all as the under 1% acidic content. The increasing use of extra virgin and virgin olive oils is currently a core reason for the proliferation of the global olive oil market.

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From a regional perspective, although olive oil demand had been strong in Europe and North America in the past, new research is showing a consistent and high rate of increase in the demand for olive oil from emerging economies from Latin America, the MEA, and Asia Pacific. Countries such as Australia and the U.S., meanwhile, are nearing standardization of olive oil, joining a common global movement for the increasing use of olive oil in food and beverages. The market for olive oil in North America looks especially bright for the coming years.

The leading players in the global olive oil market over the recent times, have included Salov, Borges, Ybarra, Deoleo, and Sovena Group. The leading players in the market are well-established in the regions that score high on olive oil consumption. A large number of the global leaders are also showing increasing interest in emerging economies and their release of new products in these regions.

Olive Oil Market: Nutritional Value Attracting Health-conscious Consumers

The nutritional value and enhanced taste of olive oil is gaining popularity across the globe and as a result, the global market for the same is expanding, finds a new study by Transparency Market Research (TMR). The report, titled “Olive Oil Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016–2024,” observes that while most types of oil have witnessed a reduction in price in the recent past, the olive oil market has recorded steady growth and is projected for a healthy CAGR during the forecast period of 2016 to 2024.

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Several types of olive oils are available in the market, including extra virgin olive oil, virgin olive oil, light olive oil, pure olive oil, olive pomace oil, and refined olive oil. The TMR report detects that currently, extra virgin oil offers the best quality and is consumed by a majority of health-conscious people owing to the fact that extra virgin oil contains less than 1% acidity. However, these oils come at a premium price, which restricts its widespread reach into vast populations with financial limitations, especially in Asia Pacific.

Olive oil also finds application in the food and beverages industry, pharmaceutical industry, and beauty care and cosmetics industry. Consistent growth in these industries, especially the exponentially growing food and beverage sector, is expected to push the demand for olive oil during the forecast period. Moreover, the increasing adoption of a Western lifestyle in developing countries augurs well for the global market for olive oil.

The report observes that there was a steep rise in the unit price of olive oil recently, which was a result of a significant fall in production during the 2014-2015 season. The International Olive Council estimated that the drop in the production was nearly three times lower than the previous season and the lowest since 2000.

Geographically, the global olive oil market can be divided into North America, Europe, Asia Pacific, and Rest of the World. The report observes that the U.S. and Australia are on the verge of standardizing olive oil, which as a result, will further drive the demand. Currently, Brazil and India are falling behind in the production of olive oil due to low awareness and lack of disposable income. However, increasing healthcare awareness is expected to steadily boost the market in these countries.

Some of the prominent companies operating in the global olive oil market are Borges, Salov, Ybarra, Deoleo, and Sovena Group.

Olive Oil in Food and Beverages Market - Global Industry Analysis, Forecast 2016 - 2024

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. 

Olive Oil Market - Global Industry Analysis, Forecast 2016 – 2024

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.

Abundance of Applications to Keep Olive Oil Sales in Food and Beverage Industry on Growth Path Through 2023, says TMR

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.  

Olive Oil in Food and Beverages Market Will Grow at a Strong Rate Through 2023

The mechanics of the global olive oil industry and the growing usage of olive oil in the food and beverage industry comprises a complex web of production, distribution, and consumption. The various interlinked trends and dynamics of this industry are decided by behavioral changes among the consumers, climatic conditions, and the political scenario. In the coming years, the trajectory of the global olive oil market in the food and beverage industry will be decided by the recognition of the health benefits of olive oil and the strategic response of the manufacturers to overcome challenges and cater to the ever-growing consumer base with a steady supply chain.

The global olive oil market has been studied with a special focus on its consumption in the food and beverage industry. The research report includes a study of the market drivers and restraints shaping the overall olive oil market. Furthermore, it also includes SWOT analysis to highlight the impact of the strengths, weaknesses, opportunities, and threats influencing the segments of the overall market. Furthermore, the research report also includes Porter’s five forces analysis to explain the threat of new entrants, the threat of substitute products or services, the bargaining power of suppliers, the bargaining power of customers, and the intensity of competitive rivalry.

Overview

The global olive oil market is growing at a robust pace as olive oil is an integral part of the increasingly popular Mediterranean cuisine. Besides its culinary importance, the demand for olive oil is also on the rise due to its ability to fight depression, prevent osteoporosis, and mitigate the risk of cancer and cardiovascular diseases. Furthermore, the growing consumption of olive oil in North America and Asia Pacific is also propelling the overall market. Besides using olive oil in various foods and beverages, olive oil is used for manufacturing pharmaceuticals, cosmetics, and soaps. The steady growth of all of these industries is expected to have a positive influence over the olive oil market in the coming few years.

Geographically, the global olive oil market is segmented into Europe, North America, Asia Pacific, and Rest of the World. Research suggests that the demand for olive oil is expected to be the highest in Europe, as the region has massive production facilities in countries such as Turkey, Greece, Italy, and Spain, among others. Currently, Italy and Spain holds 55% share in the global olive oil market.

Meanwhile, the U.S. olive oil market is driving the North American region due to the increasing demand from health-conscious consumers. Presently, the U.S. is the third largest consumer of olive oil in the world and has production facilities situated in Texas, Arizona, and California. According to analysts, Asia Pacific is showing promise of a good growth rate in the coming years due to increasing awareness about health and fitness amongst consumers in Australia, India, Japan, and China.

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Companies Mentioned in the Global Olive Oil Market Report are:

Some of the important players operating in the global olive oil market are Salov, Borges, Deoleo, Colavita, Pompeian, Sovena Group, and Ybarra, among others.

Global Olive Oil Market by Geography:

• North America
• Europe
• Asia Pacific
• Rest of the World

This report gives you access to decisive data such as:

• Market growth drivers
• Factors limiting market growth
• Current market trends
• Market structure
• Market projections for the coming years

Key highlights of this report

• Overview of key market forces propelling and restraining market growth
• Up-to-date analyses of market trends and technological improvements
• Pin-point analyses of market competition dynamics to offer you a competitive edge
• An analysis of strategies of major competitors
• An array of graphics and SWOT analysis of major industry segments
• Detailed analyses of industry trends
• A well-defined technological growth map with an impact-analysis
• Offers a clear understanding of the competitive landscape and key product segments

Olive Oil Market to Rise owing to Rising Demand for Mediterranean Cuisine

A new market research report by Transparency Market Research, 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,” provides a detailed evaluation of the market for olive oil and the use of olive oil in the industry of food and beverages.

The report presents extensive research and includes relevant data, evaluation of market shares, prime trends, drivers, inhibitors, and challenges in the market for olive oil. The consumption and production of olive oil globally also form an important part of this study. The report also highlights the prime promotional activities conducted by numerous agencies globally for increasing public awareness about the health benefits of olive oil. The report comprises market entry strategies for players looking to penetrate in the market. The export and import dynamics as well as the production and consumption of olive oil globally in the forecast period have also been elaborated upon in this research study.

According to the report, the benefits related to the use of olive oil such as reducing cancer risk, prevention of osteoporosis, and lowering the chances of cardiac diseases make it a prime ingredient in Mediterranean cuisine, thus boosting the overall growth of the market. The report states that olive oil is used in various applications such as pharmaceuticals, soaps, and cosmetics. However, the demand for olive oil within the food and beverage industry is the highest, especially within Asia Pacific and North America, thus fuelling the overall market.

On the other hand, as per the report, factors such as the limited availability of conditions suited for the production of oil olive have emerged as a key restraint on the market. Olive oil is only being majorly produced in Mediterranean countries such as Italy and Spain and this is why the market is expected to undergo price fluctuations worldwide.

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In terms of type, the report segments the market into refined olive oil, virgin olive oil, and extra virgin olive oil, among others. The varieties of olive oil are graded in terms of the chemical treatment and extraction methodology used on it. In terms of geography, the global olive oil market is segmented into Europe, North America, Asia Pacific, and Rest of the World (RoW). Amongst these, Europe held the largest share in the market in 2015 due to the presence of prime production facilities within countries such as Greece, Italy, Spain, and Turkey, among others. Amongst these, Italy and Spain alone constitute a share of over 55% in the market. On the other hand, within North America, the U.S. emerged as a major olive oil consumer. Asia Pacific is poised to be the most swiftly developing market for olive oil in the coming years.

As stated in the report, the chief players in the market are Deoleo, Salov, Borges, Sovena Group, Pompeian, Ybarra, and Colavita, among others.

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

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Global Olive Oil Market: Heightened Concerns Over Health to Bolster Demand Through 2018

The global olive oil market is mainly propelled by strong economic growth, greater awareness about the health benefits of olive oil, and growing influence of Western lifestyle. Olive oil is extracted from olive trees that mostly grow in Mediterranean regions such as Italy, Greece, and Spain. Olives are ground and oil is extracted from them via mechanical or chemical processes to be sold for commercial purposes. What makes olive oil a promising product in the global market is the fact that it has several health benefits as against other cooking oils.

People these days are substituting regular cooking oil with olive oil and it has become an integral dietary component in many countries. The global olive oil market is currently witnessing surging demand and is expected to grow robustly in the coming years owing to changing consumption patterns. Potential opportunities in emerging economies is another factor that will drive the olive oil market. In fact, countries such as Brazil and India have undertaken large olive cultivation projects in order to make the most of the olive oil market.

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Spain: Largest producer and exporter of olive oil

The global olive oil market is segmented on the basis of types, application, and geography. The different types of olive oils that dominate the market are virgin olive oil, extra virgin olive oil, refined olive oil, and others. The technique of extraction determines the type of olive oil that is produced. Based on application, the global olive oil market is categorized into cooking, cosmetics, pharmaceuticals, and soap.

Geographically speaking, the largest global manufacturers of olive oil are Italy and Spain. Spain is by far the largest exporter and producer of olive oil in world, followed by Italy. In terms of consumption, the largest consumers of olive oil in the world are the BRIC (Brazil, Russia, India, and China) nations. Furthermore, the level of olive oil consumption in these markets is expected to increase significantly over the forecast period.

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Brazil and India on a market-expansion drive

Geographically, the global olive oil market is classified into Europe, Asia Pacific, North America, and Rest of the World. In terms of consumption, it is anticipated that the olive oil markets in China and India will expand substantially owing to greater health awareness with regard to the consumption of olive oil. The demand for high-quality olive oil in developed areas of North America and Europe is on the rise. In terms of production, the olive oil markets in India and Brazil are quite small. These countries are making continuous efforts to enhance their overall production of olive oil with the help of advanced production and agriculture technologies. Collaborations between local distributors and overseas olive oil manufacturing companies are expected to drive the olive oil markets in these two regions.

Fluctuating prices hindering the demand

Price volatility is a major challenge facing the global olive oil market. Fluctuating prices of olive oil are brought about by cultivation or production-related issues. Another restraint in the global olive oil industry is adulteration, wherein producers often tend to sell low-quality or adulterated olive oil in place of pure olive oil. The problem of adulteration in this industry can be attributed to the absence of clear grading parameters.

Ybarra, Deoleo, Sovena Group, Colavita, Borges, Salov, and Pompeian are few of the manufacturers operating in the global olive oil market.

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

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Olive Oil in Food and Beverages Market - Global Industry Analysis, Size, Share, Trends and Forecast 2015 – 2023

The global market for olive oil is growing at a significant pace globally, owing to its rising demand from various sections for consumers. Olive oil accounts to be a key ingredient of the Mediterranean cuisine owing to the associated health benefits such as fighting depression, reducing risk of cancer, preventing osteoporosis, and minimizing chances of cardiac diseases among others, which acts as a major driver to the market. An increasing consumption trend in the Asia Pacific and North America is boosting the demand for olive oil substantially. The major applications of olive oil is observed in the soaps, cosmetics and pharmaceuticals, however, the adoption of olive oil in food and beverage in North America and Asia Pacific has fuelled the growth of the market to a large extent. These factors are expected to continue driving the market for olive oil throughout the forecast period.

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The market for olive oil also experiences restraints such as limited production environment. Olive oil is chiefly produced in the Mediterranean countries such as Spain and Italy among others. Owing to this the market experiences major fluctuations in prices at the global level. The market for olive oil can be segmented on the basis of type and geography. Based on the segmentation by type, the market can be segmented into virgin olive oil, refined olive oil, extra virgin olive oil and others. The type of olive oil is graded based on the extraction methodology and chemical treatment associated with it.

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Based on the geographical segmentation, the global olive oil market has been classified into regions such as North America, Europe, Asia Pacific and the Rest of the world. The demand for olive oil is presently highest in Europe owing to the major production facilities in countries such as Spain, Italy, Greece and Turkey among others. Spain and Italy account for more than 55% of the global market share of olive oil. In North America region, the U.S. market for olive oil in food and beverage is growing at a rapid pace owing to the surging demand from consumers for the nutritional values of olive oil. The U.S. accounts to be third largest consumer of olive oil in the world with domestic olive oil production facilities in Arizona, Texas and California.

However, the Asia Pacific is estimated to be the fastest growing market over the period of forecast, owing to the increasing health consciousness of consumers in countries such as India, China, Japan, Australia and others. Rest of the world region includes the Middle East, Africa and South America. The countries in Middle East such as Saudi Arabia, UAE and Qatar among others are also estimated to be growing markets for olive oil owing to the growing foreign immigration in the region. Various developing nations across the world such as Brazil and India have undertaken initiatives to produce olive oil indigenously to meet the domestic consumer demands, however, the success of such initiatives are still limited. Some of the major players in the global olive oil market include Salov, Deoleo, Borges, Colavita, Sovena Group, Pompeian and Ybarra among others.

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About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

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Mr. Atil Chaudhari

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