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. 

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 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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