Market Overview:

Olive oil is a liquid fat that is obtained by pressing whole olives, a traditional tree crop of the Mediterranean Basin (Olea European family Oleaceae). It is frequently used in cooking, in salad dressings, and for frying food. Additionally, it can be found in some soaps, medicines, cosmetics, and fuel for conventional oil lamps. Some religions use it for additional purposes as well. Along with wheat and grapes, the olive is one of the three staple food crops in Mediterranean cuisine. Since the eighth millennium BC, olive trees have been grown in the Mediterranean region. The market is expanding as a result of the rising demand from the food industries.

Top Key Players in Olive Oil Market:

Borges International Group (Spain), Deoleo S.A. (Spain), EU Olive Oil (U.K.), Artajo oil(Spain), SALOV GROUP (Italy), Aceites Sandúa (Spain), Tucan Olive Oil Company (U.S.), Domenico Manca S.p.a (Italy), Minerva Foods(Greece), Olinexo S.L. (Spain), Nutrinveste SGPS (Portugal), and Other Major Players.

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The report summarizes all the information collected and serves the customer's requirements. However, these market analyses help in understanding market growth at both global and regional levels. For market data analysis, we have market panorama tools such as Market Dynamics, Competitor Analysis, PESTEL Analysis, SWOT Analysis, Porter Five Forces Analysis, Value Chain Analysis, Technology Roadmap and Evolution, Regulatory Framework, Price Trend Analysis, Patent Analysis, Covid-19 Impact Analysis, Russia-Ukraine War Impact and others.

Market Dynamics and Factors for the Olive Oil Market:

Drivers:

Increasing Awareness About Health Benefits From olive oil

The health advantages that Olive Oil provides are what primarily fuel its market demand. Due to the creation of organic non-alcoholic Olive Oil drinks, Olive Oil is now categorized alongside organic soft drinks and tea. Due to its beneficial interactions with the gut, Olive Oil has a number of health benefits. Several studies have also revealed that regular Olive Oil consumption aids in calorie burning, belly fat reduction, blood sugar regulation, and cholesterol reduction.

Opportunities:

Increasing Use of Olive Oil in Aromatherapy and Household

Olive oil is an extremely alluring ingredient to use in cooking due to its health advantages. Olive oil, which is rich in polyphenols, amino acids, and good monounsaturated fats, can play a significant role in creating a balanced diet as well as in enhancing the flavor and depth of food. Olives grown in the Mediterranean region are used to press olive oil. It has additionally been applied topically as a demulcent and emollient in creams or ointments in the pharmaceutical industry as a vehicle for oily suspensions for injections. It was once employed as a laxative.

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Segmentation Analysis of the Olive Oil Market:

By Type, Virgin olive oil is obtained directly from the ripe fruit by mechanical procedures. It is the only food that is consumed unprocessed and retains all of its natural properties. Excellent antioxidants in olive oil, such as polyphenols and vitamin E, are lost during the refining process.

By Application, the Food and beverages segment is dominating the Olive Oil market. Olive oil is widely recognized as a healthier alternative to other cooking oils due to its high monounsaturated fat content and potential health benefits. Consumer preferences for healthier eating habits drove the demand for olive oil as a cooking and dressing option.

By Type

• Virgin
• Refined
• Others

By Application

• Food And Beverages
• Pharmaceutical
• Cosmetic And Personal Care
• Aromatherapy
• Others

By Distribution Channel

• Online
• Supermarkets or Hypermarkets
• Specialty Store
• Others

By End Users

• Food and Beverage
• Personal Care
• Pharmaceuticals
• Others

Regional Analysis of the Olive Oil Market:

The market in Europe is further fueled by consumers' increased interest in healthy oils as a means of avoiding lifestyle-related health issues that can arise from their hectic lifestyles. As a result, enterprises intending to enter the worldwide olive oil sector find these regions to be the most enticing. Europe is the largest importing region of olive oil in the world. The leading European olive oil producer has facilities in both Spain and Italy, which exchange the company’s olive oil among them during processing.

• North America (US, Canada, Mexico)
• Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
• Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
• Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
• South America (Brazil, Argentina, Rest of SA)

Key Industry Development:

In June 2021 - Pietro Coricelli, an Umbrian olive fruit oil producer and one of the largest and most widely distributed olive fruit oil brands in the world, announced that it would join IBM Food Trust to use blockchain technology to trace its extra-virgin olive fruit oil.

In December 2021 Borges officially opens a new seed oil extraction plant in tárrega, creating value in the territory. Borges Agricultural & Industrial Edible Oils has reached a hugely significant milestone in its master plan, which is designed to improve efficiency, competitiveness, and sustainability.

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