Olive Oil Market

Olive Oil Market Size, Share and Forecast Upto 2027
Olive oil is the liquid extracted from olives, and is primarily used for cooking,
frying, or salad dressing. In addition to this, it is used in the manufacturing of
beauty and personal care products, as well as pharmaceutical products.
Moreover, consumption of olive oil reduces risk of heart disease, and cancers
such as breast cancer and colorectal cancer.
Key players operating in the global olive oil market are focused on capacity
expansions in order to cater to increasing demand for olive oil, which, in turn, is
expected to boost the market growth. For instance, the agricultural company,
Solfrut is in the process of expanding its existing olive oil production plant in
Argentina in order to increase the storage capacity to 4,000 tons by the end of
2019.
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Market Dynamics:Increasing awareness regarding health benefits offered by olive oil, and growing
demand for premium/pure virgin oil is expected to drive the market growth.
Increasing awareness regarding health benefits of olive oil is expected to boost
its consumption, and facilitate the market growth. Health benefits associated
with olive oil such as low saturated fats and presence of antioxidants are
expected to drive the market growth. For instance, according to data released by
the International Olive Oil Council in November 2018, olive oil consumption in
the U.S. increased from 258 thousand tons during 2009-10, to 295 thousand tons
in 2014-15.
However, wide availability and preference for alternatives such as corn oil,
palm oil, and coconut oil in the manufacturing of food and beverages, and
personal care products is expected to restrain growth of the global olive oil
market over the forthcoming years.
Key Players:Major players operating in the global olive oil market include Cargill, Inc.,
SOVENA, DEOLEO, COLAVITA S.p.a., Olivezia, Stone Axe Estate, Produtos
Alimentares Lda., Castello di Albola, Planeta, Empresa Esporão S.A., and
Domaine De Marquiliani (Kermit Lynch Wine Merchant).
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The research report on Olive Oil Market is segmented by Product Type, by Distribution Channel, and by Region - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027

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