Olive Oil Market Size, Restraints, Portfolio, and Forecast 2030

 

Olive Oil Market Overview

By 2030, the olive oil market is anticipated to be worth USD 16.31 billion, expanding at a CAGR of 8.10% from 2022 to 2030.

Market Research Future Insights:

Olive oil is a type of fat made from Olea europaea fruit (olive tree). Olive oil is popular because it contains healthy fatty acids and has the ability to lower cholesterol levels in the body, thereby preventing heart diseases. Its exfoliating and moisturizing qualities allow it to be used in a variety of skincare and personal care products. During the forecast period, consistent demand for olive oil from end-use industries is projected to drive the global olive oil market share.

The olive oil market has been divided into extra virgin, virgin, refined, and other categories based on kind. In the worldwide olive oil market, the extra virgin category is predicted to grow at the fastest rate and hold the top spot for the entire forecast period. Due to its low acidity of less than 1%, extra virgin olive oil is favoured by consumers who are concerned about their health. Additionally, refined oil is a mixture of processed oil and cold-pressed oil, whereas extra virgin olive oil is produced from cold-pressing and pure olives. This is a key factor driving the extra virgin segment's expansion in the global olive oil market. Due to the health advantages connected with, the same segment is anticipated to grow at the highest growth rate.

Organic and conventional olive oils are sold separately in different categories on the global market. Due to the widespread availability of conventional olive oil, the conventional category is anticipated to gain a significant share of the global olive oil market. A higher CAGR is anticipated for the organic segment during the forecast period, though, as a result of consumers' growing preference for organic olive oil.

Key Players:

Some of the key players in the global olive oil market are Salov S.p.A (Italy), Borges Branded Foods SLU  (Spain), Grupo Ybarra Alimentación, SL (Spain), Sovena Group (Portugal), DEOLEO S.A.(Spain), Del Monte Pacific Limited (Singapore), The Unilever Group (UK), Cargill, Incorporated (US), Jindal Retail India Pvt. Ltd. (India), and GALLO Worldwide, Lda. (Portugal).

Market Segmentation:

The type, category, distribution method, and region-based segments of the worldwide olive oil market have been identified.

The olive oil market research has been segmented into extra virgin, virgin, refined, and other types.

The organic and conventional olive oil markets have been divided into separate categories.

By distribution channel, the worldwide olive oil market has been divided into store-based and non-store-based segments. Supermarkets and hypermarkets, convenience stores, and other establishments make up the store-based segment. Due to the robust and extensive network of stores, the store-based segment is anticipated to generate higher revenue, with the supermarkets and hypermarkets sub-segment being the largest.

Regional Analysis:

North America, Europe, Asia-Pacific, and the Rest of the World are the regions into which the worldwide olive oil market has been divided.

Due to the region's extensive olive oil production, Europe is predicted to dominate the worldwide olive oil industry. Italy, Spain, and Portugal are some of the biggest producers of olive oil in the area.

Due to the areas' rising production and consumption of olive oil, the Asia-Pacific and RoW olive oil market is anticipated to expand quickly. Because of the region's consumers' growing preference for healthy food supplements and increased awareness of the health benefits of olive oil, North America is also anticipated to project a sizable market share.

NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

Contact us:

Market Research Future (part of Wantstats Research and Media Private Limited),

99 Hudson Street,5Th Floor, New York, New York 10013, United States of America

Comments

Post a Comment

Popular posts from this blog

3D Printed Steak Market Exploring Its Impact on the Food Industry

  3D Printed Steak Market Overview 3d printed steak market size was estimated at 5.078 (USD billion) by 2032 with CAGR of 59.24% The 3D printed steak market represents a cutting-edge intersection of food technology and culinary innovation. By leveraging 3D printing technology, manufacturers can create steaks from plant-based ingredients, cultured meat cells, or a combination of both, aiming to replicate the taste, texture, and appearance of traditional meat. This market is driven by various factors including the rising demand for sustainable food sources, ethical concerns regarding animal welfare, and technological advancements in food production. 3D printed steaks offer significant advantages, such as the ability to precisely control the nutritional content and reduce environmental impact compared to conventional meat production. The market is at a nascent stage but holds immense potential, attracting significant investments and interest from food tech companies, venture ca...
Read more

Edible Insects Market Insights: Drivers, Key Players, and Forecast 2032

Image
Edible Insects Market Overview The Global Edible Insects Market 2022 is poised to witness substantial growth over the review period. Edible Insects Market is projected to register a CAGR of 28.36 % and reach a value of USD 10.40 billion by 2032 Market Highlights In the food and feed industry, increased market interest in edible insects is increasing due to amino acids and essential minerals, which have many health benefits associated with intake. Edible insects are rich in calories, fibre, energy, minerals, vitamins, and fatty acids, which have demonstrated a limitless tendency for the products of edible insects. In addition, the increased preference for natural ingredients in food & beverage products has fuelled the global consumer demand for edible insects. In addition, the increasing effect of the use of chemical fertilisers and other harmful substances in the crop sector on the environment has raised demand for organic food due to the low environmental impact on nutrition and s...
Read more

Breakfast Bars Market: A Comprehensive Analysis on Share of Competitor

  Breakfast Bars Market Overview Breakfast bars market is expected to grow from 14.78(USD billion) in 2024 to 17.7 (USD billion) and CAGR of 2.28% during the forecast period (2024 - 2032). The breakfast bars market has experienced significant growth over recent years, driven by the rising demand for convenient and healthy breakfast options. With the modern lifestyle becoming increasingly hectic, consumers are seeking quick and nutritious alternatives to traditional breakfast meals. Breakfast bars, known for their convenience, portability, and nutritional benefits, are filling this niche effectively. These products are generally made from a blend of ingredients such as oats, nuts, dried fruits, and sweeteners, often fortified with vitamins and minerals. They come in various forms, including granola bars, protein bars, and cereal bars, catering to diverse consumer preferences. The market is characterized by a high degree of innovation, with manufacturers constantly introducing...
Read more