Olive Oil Market is Dazzling Worldwide and Forecast to 2031

The global olive oil market is anticipated to grow at a considerable CAGR of 5.3% during the forecast period (2024-2031). Consumers nowadays pay more attention to label claims while purchasing their oil products. There is an increasing demand for vegetable oils with specific health claims such as high omega-3, MUFA (monounsaturated fatty acids), and vitamin E due to the rising awareness of their positive health attributes. The product is high in MUFA and antioxidant content, which supports the normal functioning of the heart. The growing demand for such nutritious oils heavily contributes to the growth of the market.

The growing appreciation of fats and oils containing MUFAs due to their health-benefiting attributes has propelled their demand among consumers. Recently, numerous clinical studies have suggested that consuming omega-3-enriched products can support research on cardiovascular health and other body functions. The high omega-3 content in olive fruit oil has fueled its demand among consumers owing to their increased understanding of the importance of essential fatty acid consumption in maintaining good health. As it provides beneficial fatty acids, antioxidants, and vitamins, it has led olive fruit oil to gain remarkable popularity as a healthy oil across the globe.

As ethnic Mediterranean cuisines gain global popularity, it has significantly contributed to surging the demand for olive fruit oil. Its wide incorporation into various cuisines, such as Italian, Greek, and Spanish, has also influenced its surge in demand. Furthermore, the rise in travel and tourism and consumers willing to experiment with new flavors, textures, and exotic cuisines have supported the market performance. For instance, in June 2021, Pietro Coricelli, an Umbrian olive fruit oil producer and one of the largest and most widely distributed olive fruit oil brands in the world, announced that it would join IBM Food Trust to use blockchain technology to trace its extra-virgin olive fruit oil. For instance, in January 2021, Del Monte Foods, Inc., in India launched one-liter olive fruit oil pouches at competitive prices for making healthy edible oil affordable.

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Market Coverage

The market number available for - 2023-2031
Base year- 2023
Forecast period- 2024-2031

Segment Covered- 

By Type
By End-User

Regions Covered-

North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- Borges Agricultural Cooperative, Italian Food Corp. (IFC), Koster Keunen BV, California Olive Ranch, Filippo Berio PLC., and others.

Olive Oil Market Report Segment

By Type  

Refined/Pure
Virgin
Others

By End-User 

Household/Retail
Foodservice/HoReCa
Food Manufacturing
Others

A full Report of Olive Oil Market is Available @  https://www.omrglobal.com/industry-reports/olive-oil-market

Olive Oil Market Report Segment by Region

North America                                                                                                           

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Latin America
Middle East and Africa 

Company Profiles 

Adeptio Pharmaceuticals Ltd.
BORGES AGRICULTURAL & INDUSTRIAL NUTS, S.A.
California Olive Ranch
Deoleo, S.A.
Filippo Berio PLC
Gaea Products S.A.
SOS GROUP (GROUPE SOS)
Hojiblanca USA
Koster Keunen (Holland) B.V.
Leonardo Alimentare S.p.A
Lifestyles, Inc.
Salov S.p.A
SCCL
Sovena Group
Zaytoun

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This release was published on openPR.