Olive oil is becoming increasingly popular as consumers seek out healthier and more natural food and beverage options. Technological advancements in the production and distribution of olive oil have helped to improve the quality and consistency of th
The global olive oil market is projected to be worth US$ 13.79 billion in 2023 and is expected to surpass US$ 18.35 billion by 2033. The market is expected to register at a CAGR of 2.9% during the forecast period.
The market is rapidly expanding, owing primarily to rising demand for olive oil in both the food service and retail sectors. Olive oil is extracted from olives that contain beneficial fatty acids such as oleic acid, palmitic acid, and linoleic acid. It’s a cooking oil with numerous nutritional advantages. Because of its widespread popularity, the market offers a wide range of olive oils.
Request for Sample Report: https://www.futuremarketinsights.com/reports/sample/rep-in-208
Increasing Knowledge of the Health Benefits of the Products to Support Market Performance
Due to their positive health effects, MUFA-containing fats and oils are becoming more popular among consumers. Consuming foods that are omega-3 enriched has recently been linked to improved cardiovascular health and other bodily processes, according to several clinical studies. Due to consumers’ growing awareness of the value of consuming essential fatty acids in maintaining good health, the high omega-3 content of olive fruit oil has fueled their demand. Due to the fact that it contains healthy fatty acids, antioxidants, and vitamins, olive fruit oil has become incredibly popular as a healthy oil all over the world.
The demand for olive fruit oil has significantly increased as ethnic Mediterranean cuisines become well-liked around the world. Its widespread inclusion in many different cuisines, including Italian, Greek, and Spanish cuisines, has also contributed to its rise in demand. Additionally, consumers’ willingness to try new flavors, textures, and exotic cuisines, as well as the growth of travel and tourism, has boosted market performance.
Artisanal and Minimally Processed Edible Oils are Becoming More Popular, which May Spur Growth
The market has grown as a result of consumers’ growing interest in raw, natural, and cold-pressed cooking oils, which are thought to be safer and healthier than their processed counterparts. According to such claims, edible oils that have undergone minimal processing and manufacturing are thought to be free of any harmful chemicals. Because there is little to no processing, the nutrients are retained, making the food healthier. Additionally, as virgin and extra-virgin olive oils undergo less processing and have a profile with a consistent fatty acid, their demand has increased lately.
Due to their pure flavor and unaltered organoleptic properties, cold-pressed virgin oils have seen an increase in demand, which further propels the market performance. Additionally, the demand for natural, minimally processed edible olive fruit oil is expected to increase in the coming years due to the growing environmental sustainability concerns around the world.
Talk with Research Analyst: https://www.futuremarketinsights.com/ask-question/rep-in-208
Key Takeaways:
Competitive Landscape
The global olive oil market is dominated by several regional players. Olive oil producers are targeting consumers who prefer pure and health-beneficial extra virgin olive oil. Deoleo, Cargill Inc, Borges, Almazaras de la Subbética, and California Olive Ranch are a few of the key players in the global olive oil market. Multinational players control 30-40% of the market, while domestic players control 5-10%. These businesses are involved in the olive oil industry, operate on a smaller scale, and are more export-oriented.
Recent Developments
Buy Complete Report: https://www.futuremarketinsights.com/checkout/208
Given Below are the olive oil market Segments
Type:
End User:
Region:
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
Apr 05, 2023