Olive Oil Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018

The global olive oil market will grow at a moderate yet steady rate due to the expansion of its end-use segments. The key consumers of olive oil are the food industry, the pharmaceutical industry, and the beauty care and cosmetics industry. As these industries are witnessing continuous growth, they will in turn drive the global olive oil market significantly.

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Olive oil is an edible product and is offered to consumers on the basis of its taste, nutritional value, and packaging. Some of the various types of olive oil are pure olive oil, olive pomace oil, virgin olive oil, light olive oil, extra virgin olive oil, and refined olive oil. The best quality of olive oil in the market is extra virgin olive oil. This olive oil type has less than 1% acidity level and is rich in antioxidants.

Broadly, the global olive oil market is divided on the basis of product type and geography. Region-wise, the global olive oil market is segmented into Asia Pacific, North America, Europe, and Rest of the World (RoW). The research study on the global olive oil market offers the key trends impacting the global and regional olive oil markets. Valuable market facts and figures of each regional market are mentioned in the report. Statistical forecasts of the key regional markets presented in the research study will help businesses make informed business decisions.

Overview of the Global Olive Oil Market

The global olive oil market is driven by the rising demand for olive oil in emerging economies such as Brazil, China, and India. The demand for olive oil is growing in these nations due to factors such as strong economic growth, rising consumer awareness on health benefits of olive oil, and increasing exposure to the Western lifestyle.

Furthermore, countries such as Australia and the U.S. are in the process of developing a national standard for grading olive oil. Such steps towards the standardization of olive oil on a global level are further supporting demand for olive oil. The demand for high-quality olive oil in developed countries of North America and Europe is growing. The output production of olive oil in nations such as India and Brazil is very low. Nevertheless, determined efforts are being made by these emerging countries to boost their production by deploying advanced technology in both agriculture and production.

Currently, olive oil production is limited to specific countries located in the Mediterranean belt. Spain is the largest producer and exporter in the global olive oil market, followed by Italy and the U.S. India and China are some of the largest consumers of olive oil.

Pricing of olive oil tends to fluctuate when production or cultivation is impacted, due to it being produced in specific nations. This is the primary restraint on the global olive oil market. Moreover, the malpractice of some producers related to supplying lower grade/adulterated olive oil in place of purer forms of olive oil such as extra virgin form is also suppressing the market. This is due to the unclear grading parameters existing in this industry. Another factor suppressing the growth of the global olive oil market is the unaffordability of the expensive testing fees of olive oil products.

Companies mentioned in the research report

The key players operating in the global olive oil market are Deoleo, Pompeian, Salov, Sovena Group, Borges, and Ybarra.

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