Press release
Olive Oil Market touched USD 13,300 million in 2019 and will grow at 3.2% CAGR till 2027 | Size, Growth, analysis & Forecast
Olive Oil Market
The Olive Oil Market was valued around USD 13,300 million in 2019 and is expected to grow at a CAGR of 3.2% over the forecast period (2020-2027).
For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/olive-oil-market-size-share-analysis-industry-research/
The factors driving the growth of Olive Oil Market includes increasing consumers inclination towards adopting healthy diets, rising prevalence of cardiovascular diseases, diabetes and obesity, sedentary lifestyles, and growing demand for vegetable oil rich in Omega 3, Vitamin E and Monounsaturated fatty acids. As per the Global Burden of Diseases, Injuries, and Risk Factors Study, in 2019 approximately 9.6 million men and 8.9 million women died globally due to cardiovascular disease and highest number of deaths were reported in China, India, Russia and Untied States, rising prevalence of cardiovascular diseases is pushing the demand for olive oil products worldwide. Moreover, easy availability of different variety of olive oil products at offline retail outlets and online stores, growing popularity of artisanal and minimally processed olive oils and increasing number of Free Trade Agreements (FTAs) signed between countries, are some of the additional factors supplementing the Global Olive Oil Market. In addition, rising awareness about the health benefits of olive oil, increasing investments by leading players on research and development, rapid urbanization, and growing population growth rates, are further propelling the Olive Oil Market share.
However, growth of the Olive Oil Market is hindered due to easy availability of substitute oils such as sunflower oil and canola oil.
The major players operating the Olive Oil Market are Cargill, Incorporated, Bertolli, ACEITES LA MASÍA, GRUPPO SALOV P. IVA, Odysea Ltd., Ybarra, Deoleo, Gallo, Deoleo, SOVENA and Del Monte, among others.
Based on Type, the Virgin Olive Oils segment is predicted to grow at a robust CAGR during the forecast period
Virgin olive oil reduced inflammations, minimizes oxidation of LDL (bad) cholesterol, lowers blood pressure, and helps in managing blood clotting, are some of the factors responsible for the segment's growth.
Based on End-User, the Household/Retail segment is projected to grow at a significant CAGR over the forecast period
Olive oils are increasingly used at home for cooking food and growing demand for minimally processed natural oil, are propelling growth of the segment.
Based on Region, the European region is anticipated to expand at a remarkable CAGR during the forecast period
As per the Olive Oil Market Analysis, increasing awareness amongst consumers about the health benefits of olive oils, easy availability of olive oil at distribution channels, rapid urbanization, growing population growth rates and high per capita incomes, are some of the important factors augmenting the Olive Oil Market size in European region.
Key Development
In 2020, Odysea Ltd., launched a range of premium extra virgin olive oils products as "Kalamato PDO Extra Virgin Olive Oils", which are produced from polyphenol rich olives in Messinia.
Market Segmentation
Segmentation by Type
Virgin olive Oils
Pure/Refined Olive Oil
Others
Segmentation by End-User
Household/Retail
Foodservice/HORECA
Food Manufacturing
Others
Segmentation by Region
Asia Pacific
China
Japan
India
Rest of APAC
North America
United States of America
Canada
Europe
United Kingdom
Germany
France
Spain
Rest of Europe
RoW
Brazil
South Africa
Saudi Arabia
UAE
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
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