Olive Oil Market in India by 2025: Growth Drivers and Trends | Prominent Players Profiled Colavita S.p.A, FieldFresh Foods Pvt Ltd., Deoleo S.A., Modi Naturals Limited, Cargill Inc., R R Oomerbhoy Pvt Ltd., Ybarra

Rising consumer awareness about the benefits of olive oil is driving the India olive oil market. Olive oil is rich in healthy monounsaturated fat such as oleic acid, it contains large amounts of antioxidants and has strong anti-inflammatory properties. Olive oil helps in preventing several diseases such as cancer, type 2 diabetes, strokes, and other heart diseases. Apart from this, olive oil is enriched with anti-aging antioxidants and hydrating squalene, making it superb for hair, skin, and nails. Thus, olive oil is majorly used in skincare and personal care products.

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The India olive oil market was worth $ 58.6 million in 2017 and is estimated to be growing at a CAGR of 9.9%, to reach $127.5 million by 2025. Olive oil is a liquid fat that is obtained from olives, a crop typically grown in the Mediterranean Basin. The oil is prepared by pressing whole olives. There are various types of olives such as Picholine, Kalamata, Agrinion olives, Cerignola, and many others, each type is for a particular texture, flavor, or shelf life, which can be used for various applications.

By type, the India olive oil market is classified into virgin olive oil, refined olive oil, and pomace olive oil. In 2017, virgin olive oil segment has occupied 15.1% share of the India olive oil market due to its improved nutritional content. Furthermore, the growing acceptance of olive oil in culinary uses is likely to increase its market demand for food and beverage applications.

The factors that drive the India olive oil market include rise in demand for olive oil continuously from end-user industries, growth in awareness about the various health benefits offered by the oil, increase in usage in the manufacturing of products in the beauty care and cosmetics industry, beverages industry, and pharmaceutical industry among others. Changing lifestyle is also anticipated to drive the India olive oil market growth.

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The key players operating in this India olive oil industry include:

•Colavita S.p.A
•FieldFresh Foods Pvt Ltd.
•Deoleo S.A.
•Modi Naturals Limited
•Cargill Inc.
•R R Oomerbhoy Pvt Ltd.
•Ybarra
•Rafael Salgado
•Borges International Group S.L.
•Hashmitha Enterprise.

Higher prices of olive oils and poor domestic production restrict the growth of the olive oil market in India. Nevertheless, government is taking initiative to promote efficient farming techniques developed by the market players, which are effectively increasing the production of olives. These initiatives are estimated to provide impetus to the India olive oil market growth during the forecast period.

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