Global Olive Oil Market is predicted to reach a huge market valuation by 2023. It can exhibit a modest growth rate from 2018 to 2023 (forecast period). Elevated demand for the product due to being content-dense in antioxidants and monounsaturated fats is expected to drive the market growth. The benefits of the product in alleviating inflammation, thrombosis, and carbohydrate metabolism can influence the olive oil market demand.
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SALOV S.P.A, SOVENA Group, the Unilever Group, Borges Branded Foods SLU, DEOLEO S.A., Del Monte Pacific Limited, Grupo Ybarra ALIMENTACIÓN, Cargill, Incorporated, Jindal Retail India PVT. Ltd. And GALLO Worldwide Others are prime players in the Global Olive Oil Market
These players are focused on launching new olive oil infused products for attracting customers and boosting sales of their companies.
Global Olive Oil Market is segmented by Type, Category and Distribution Channel. By type, it is segmented into refined, virgin, extra virgin, and others. The extra virgin oil segment can continue to take the lead till 2023 due to being preferred by health-conscious consumers and containing less than 1% acidity. The manufacture of the product via the blend of processed and cold-processed oils is a vital growth driver of the segment. On the contrary, the virgin segment is predicted to exhibit a healthy growth rate
By category, it is segmented into organic and conventional. The conventional segment is expected to garner a higher market share due to higher availability of the product.
Regionally, Global Olive Oil Market entails North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).
Europe is presumed to be the leading region of the market throughout the forecast period due to presence of several players producing the product and high consumer awareness levels. The use of the product in the treatment of Alzheimer’s, heart disease, and diabetes can work favorably for the market. Furthermore, the inclusion of the oil in several Mediterranean cuisines can bolster the market demand over the assessment period.
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