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 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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