Olive Oil Market To Surpass 3,299.9 KT By 2027 | Cargill, Inc., SOVENA, DEOLEO, COLAVITA S.p.a., Olivezia, Stone Axe Estate, PORTTABLE Produtos Alimentares, Lda., Castello di Albola, Planeta, Empresa Esporão S.A., and Domaine De Marquiliani

Olive oil is extracted from olives and is considered as one of the healthy oil types, owing to its health benefits such as lowering of blood pressure. Olive oil is offered as extra virgin olive oil, virgin olive oil, and lampante olive oil according to the method of production and composition of fatty acids in the oil. For instance, virgin olive oil is the oil derived from the fruit of olive tree (Olea europaea L.) by mechanical extraction method such as by washing, decantation, centrifugation, and filtration.

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Major players operating in the global olive oil market include Cargill, Inc., SOVENA, DEOLEO, COLAVITAS.p.a., Olivezia, Stone Axe Estate, PORTTABLE Produtos Alimentares, Lda., Castellodi Albola, Planeta, Empresa Esporão S.A., and Domaine De Marquiliani (Kermit Lynch Wine Merchant).

Increasing awareness regarding health benefits offered by olive oil is expected to drive the market growth over the forecast period. Olive oil contains monounsaturated fatty acids, which are considered as healthy fats. Monounsaturated fatty acids reduce bad cholesterol that is low-density polysaccharides (LDL) and triglycerides. Therefore, olive oil is considered as an effective solution for patients of coronary heart disease.

According to Coherent Market Insights’ analysis, Asia Pacific is expected to gain significant traction in the global olive oil market over the forecast period. This is attributed to increasing awareness regarding health benefits of olive oil in the region. For instance, according to Olive Oil Import Data for (FY 2017-18) published by Indian Olive Association in 2018, import of total olive oil was pegged at 11,254.44 MT in FY 2015-2016 (Apr-Mar), which increased to 12,812.55 in FY 2016-2017 (Apr-Mar). As per the same source, import of virgin olive oil was pegged at 1,623.05 MT in FY 2015-2016 (Apr-Mar), which increased to 1,809.66 in FY 2016-2017 (Apr-Mar).

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Detailed Segmentation:

Global Olive Oil Market, By Product Type:
Extra Virgin Oil
Virgin Oil
Others (Pomace Olive Oil, Lampante Oil etc.)
Global Olive Oil Market, By Distribution Channel:
Business-to-business
Food & Beverages
Pharmaceutical
Beauty & Personal Care
Business-to-consumer
Grocery Stores
Online Channel
Others (Convenience Stores, etc.)

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