Press release
Olive Oil Market Size, Share, Future Growth, 2032 | Salov SpA, Deoleo S.A., Cargill Inc.
Olive Oil Market
The global olive oil market size was valued at USD 14.64 billion in 2023 and is projected to grow from USD 15.11 billion in 2024 to USD 19.77 billion by 2032, exhibiting a CAGR of 3.42% during the forecast period. Fortune Business Insightsโข publishes this information in a report titled, "Olive Oil Market, 2024-2032". As per the report, the market is likely to grow during the projected period due to increasing awareness about the health benefits of incorporating the oil in the diet.
๐๐๐ญ ๐ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ : https://www.fortunebusinessinsights.com/enquiry/sample/olive-oil-market-101455
๐๐ข๐ฌ๐ญ ๐จ๐ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐๐ซ๐จ๐๐ข๐ฅ๐๐ ๐ข๐ง ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ:
โข Salov SpA (Italy)
โข Deoleo S.A. (Spain)
โข Conagra Brands, Inc. (U.S.)
โข Sovena Group (Portugal)
โข Del Monte Foods, Inc. (U.S.)
โข Cargill Inc. (U.S.)
โข California Olive Ranch (U.S.)
โข Pompeian (U.S.)
โข Modi Natural Ltd. (India)
โข Borges International Group (Spain)
๐๐๐ ๐ฆ๐๐ง๐ญ๐ฌ:
๐๐ข๐ซ๐ ๐ข๐ง ๐๐ฅ๐ข๐ฏ๐ ๐๐ข๐ฅ ๐๐๐ ๐ฆ๐๐ง๐ญ ๐ญ๐จ ๐๐จ๐ฆ๐ข๐ง๐๐ญ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฎ๐ ๐ญ๐จ ๐๐ข๐ฌ๐ข๐ง๐ ๐๐๐ฆ๐๐ง๐ ๐๐จ๐ซ ๐๐ข๐ ๐ก ๐๐ฎ๐ญ๐ซ๐ข๐๐ง๐ญ ๐๐จ๐ง๐ญ๐๐ง๐ญ
By type, the market is trifurcated into virgin olive oil, refined/pure olive oil, and others (lampante oil and pomace oil). The virgin olive oil segment is expected to hold the largest market share due to increasing demand for high nutrient content and rising awareness of nutritious food products.
๐๐ง๐๐ซ๐๐๐ฌ๐ข๐ง๐ ๐๐ญ๐ข๐ฅ๐ข๐ณ๐๐ญ๐ข๐จ๐ง ๐จ๐ ๐๐ฅ๐ข๐ฏ๐ ๐ ๐ซ๐ฎ๐ข๐ญ ๐๐ข๐ฅ ๐ข๐ง ๐๐จ๐ฎ๐ฌ๐๐ก๐จ๐ฅ๐ ๐ญ๐จ ๐๐จ๐ฅ๐ฌ๐ญ๐๐ซ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ฅ ๐๐ซ๐จ๐ฐ๐ญ๐ก
Based on end-user, the market is categorized into households/retail, food service/HoReCa, food manufacturing, and others (animal feed, pharmaceuticals, and dietary supplements). The increasing use of the oil in foodservices and households is projected to bolster the segmental growth in the coming years.
Geographically, the market is segmented into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
๐๐๐ญ ๐ ๐๐ฎ๐จ๐ญ๐ https://www.fortunebusinessinsights.com/enquiry/get-a-quote/olive-oil-market-101455
๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฏ๐๐ซ๐๐ ๐:
The report provides complete information and insights on recent developments and trends in the market. Also, the impact of COVID-19 pandemic on global market development is highlighted further in this report. Furthermore, the drivers and restraints affecting the market growth during the projected period are mentioned further in the report. Regional market insights on segmented market areas are provided further along with a list of key market players in the industry.
๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ & ๐๐๐ฌ๐ญ๐ซ๐๐ข๐ง๐ญ๐ฌ:
๐๐ข๐ฌ๐ข๐ง๐ ๐๐๐จ๐ฉ๐ญ๐ข๐จ๐ง ๐จ๐ ๐๐ฎ๐ญ๐ซ๐ข๐๐ง๐ญ-๐๐ข๐๐ก ๐๐ข๐ฅ๐ฌ ๐ญ๐จ ๐๐ฎ๐ ๐ฆ๐๐ง๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก
The market is projected to grow during the forecast period due to increasing adoption of nutrient-rich oils in the diet. Also, rising awareness regarding the health benefits of these products is anticipated to bolster market growth. Furthermore, the surging popularity of cold-pressed, artisanal edible oils, and raw oils is expected to drive the market.
However, the availability of low-cost alternatives may hinder market growth.
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ:
๐๐ฎ๐ซ๐จ๐ฉ๐ ๐๐จ๐ฆ๐ข๐ง๐๐ญ๐๐ฌ ๐๐ฅ๐จ๐๐๐ฅ ๐๐๐ซ๐ค๐๐ญ ๐๐ก๐๐ซ๐ ๐๐ฎ๐ ๐ญ๐จ ๐๐ข๐ฌ๐ข๐ง๐ ๐๐๐ฆ๐๐ง๐ ๐๐จ๐ซ ๐ ๐ฎ๐ง๐๐ญ๐ข๐จ๐ง๐๐ฅ ๐ ๐จ๐จ๐๐ฌ
Europe holds a dominant global olive oil market share due to increasing production of oil and rising supplies. Also, the surging popularity of functional foods among the population is projected to fuel the regional market growth. Europe stood at USD 6.98 in 2021 and is projected to grow at a substantial CAGR in the coming years.
North America is projected to grow at a fast pace during the forecast period due to rising demand for healthy oils. Also, the increasing adoption of dietary supplements is anticipated to bolster market growth.
๐๐ฌ๐ค ๐ ๐จ๐ซ ๐๐ก๐ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง: https://www.fortunebusinessinsights.com/enquiry/ask-for-customization/olive-oil-market-101455
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐๐๐ง๐๐ฌ๐๐๐ฉ๐:
๐๐ฑ๐ฉ๐๐ง๐๐ข๐ง๐ ๐๐๐ง๐ฎ๐๐๐๐ญ๐ฎ๐ซ๐ข๐ง๐ ๐๐๐ฉ๐๐๐ข๐ญ๐ข๐๐ฌ ๐๐ฅ๐ฅ๐จ๐ฐ ๐๐จ๐ฆ๐ฉ๐๐ง๐ข๐๐ฌ ๐ญ๐จ ๐๐ซ๐จ๐ฉ๐๐ฅ ๐๐ซ๐จ๐ฐ๐ญ๐ก
The leading market players implement various strategies to propel growth and improve their business performance. Also, the companies plan to enhance their product portfolio by introducing products to attract global customers. These strategies allow key market players to globalize their brands.
๐๐๐ฒ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ:
๐๐ฎ๐ฅ๐ฒ ๐๐๐๐ - Spanish company Genosa announced the launch of oil made from olives with soluble phenol-rich hydroxytyrosol, which offers several health benefits and numerous application possibilities.
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ:
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๐๐๐จ๐ฎ๐ญ ๐๐ฌ:
Fortune Business Insightsโข offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
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