The global Olive Oil Market 2020 is poised to witness substantial growth over the review period at a high CAGR.
During the forecast period, consistent demand for olive oil from end-use industries is projected to drive the global market. In the food and beverage industry, the skin and cosmetics industry, and the pharmacy industry, olive oil is used. It is likely that the steady growth of these sectors will raise olive oil production.
Owing to growing customer awareness of the many benefits of eating olive oil and strong economic growth, the global demand for olive oil is experiencing considerable growth. The population of developing countries is gradually embracing Western lifestyles. This is credited as one of the key factors driving the worldwide demand for olive oil.
In order to introduce new and creative products containing olive oil, industry players are focused on their R&D operations, as there is an growing demand for olive oil in the market. In addition, the players also concentrate on making olive oil forms available and visible to the customers, owing to the antioxidant, anti-inflammatory and antimicrobial properties. In addition, olive oil serves as an anti-diabetic agent, helping to control both type 1 and type 2 diabetes. During the forecast period, these factors are therefore projected to drive the olive oil demand..
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Based on type, category, channel of distribution, and region, the global olive oil market has been segmented.
The global demand for olive oil has been listed by type as extra organic, organic, processed and others. The extra virgin category is projected to capture the largest share of sales in the global demand for olive oil and to retain its lead over the entire forecast period.
The global market for olive oil, by category, has been classified as organic and conventional. Due to the immense supply of traditional olive oil, the traditional segment is projected to capture a large share in the global olive oil industry.
The global makeup remover industry has been separated into store-based and non-store-based on the basis of the sales channel. The shop is further categorised into hypermarkets, pharmacies, convenience shops and others. Non-store-based is also further segmented into e-commerce. The retail-based sector is projected to produce higher sales, with the sub-segment of supermarkets and hypermarkets being the largest because of the broad and widespread store network. Due to technical developments in the e-commerce industry and rising customer demand for online retailing, the non-store-based segment is expected to record the highest CAGR during the measurement period.
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In relation to four main areas, North America, Europe , Asia-Pacific, and the rest of the world, the global olive oil market has been analysed.
Owing to the huge production of olive oil in the region, Europe is expected to lead the global olive oil market. Countries such as Portugal , Spain, and Italy are among the region’s main olive oil producers.
Owing to the growing production and consumption of olive oil in the regions, the Asia-Pacific and RoW olive oil markets are projected to expand at a rapid rate. In addition, substantial market share is also anticipated in North America due to growing recognition of the health benefits of olive oil and rising customer demand for safe food supplements in the region.
Some of the eminent 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).
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