Global Olive Oil Market is projected to grow at a double digit CAGR during the forecast period. The major factors driving the growth of the market are increasing disposable income, growing production of olive oil, growing consumption per capita and changing dietary style of the consumers across the globe. The growth in global demand for olive oil has been powered in part by the health benefits associated with the consumption of olive oil. Due to diet revolution, the consumption of olive oil has seen an upsurge in countries like Brazil & Russia, the consumption was increased in 2017 as compared to previous year, which is positively impacting the growth of the market, globally.
Based on type, the market has been categorised into virgin olive oil, refined olive oil and pomace olive oil. The Virgin olive oil has gained major traction owing to its improved nutritional content. Furthermore, the growing acceptance of olive oil in culinary uses is likely to increase its market demand in food and beverage applications.
In terms of regional analysis, market can be segregated into Asia Pacific, MEA, North America, South America, and Europe. In 2019, the & CIS region dominated the market since countries such as Spain and Italy are the largest consumer of olive oil. Furthermore, the APAC region is projected to witness growth in the market since emerging economies such as India, China, and Japan have witnessed a rapid increase in the demand for olive oil coupled with domestic production. Moreover, consistent government norms to propel the production in countries such as Brazil are anticipated to boost the olive oil market.
Some of the leading players in the global olive oil market include Figaro, Farrel, Del Monte Foods, Unilever Group, Salov, Borges Mediterranean Group, Ybarra, Deoleo, Sovena Group and Lenardo, among others.
Years considered for this report:
Historical Years: 2016-2019
Base Year: 2019
Estimated Year: 2021
Forecast Period: 2022–2026
Objective of the Study:
- To analyse and forecast the market size of Olive Oil Market, in terms of value & volume.
- To classify and forecast Global Olive Oil Market based on type, application, distribution channel and regional distribution.
- To identify drivers and challenges for Global Olive Oil Market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Global Olive Oil Market.
- To conduct the pricing analysis for Olive Oil Market.
- To identify and analyse the profile of leading players involved in the manufacturing of Global Olive Oil Market.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the suppliers which could not be identified due to the limitations of secondary research. TechSci Research analysed the service offerings, distribution channels and presence of all major collaboration manufacturer across the globe.
TechSci Research calculated the market size of Global Olive Oil Market using a bottom-up approach, where data for various end user industries and its application across various product types were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analysing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.
Key Target Audience:
- Olive Oil manufacturers
- Raw Material Supplier
- End Users
- Distributors, and Suppliers
- Industry associations and experts
- Research organizations and consulting companies.
- Research Institutes
- Industry associations
- Market research and consulting firm.
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as collaboration manufacturer and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
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