Olive Oil Market - Forecast (2021 - 2026)
Olive Oil Market size is forecast to reach $4.79 Billion by 2025, growing at a CAGR of 2.93% during the forecast period 2020-2025. Olive oil is a form of fat obtained from the fruit of Olea europaea (olive tree) which consists of healthy fatty acids like oleic acid along with palmitic acid and linoleic acid. Olive oil is popular across the globe and easily available in the market. It is widely preferred for its properties to prevent heart diseases by maintaining cholesterol levels in the body. It also has moisturizing and exfoliating properties, which leads to its usage in various skincare and personal care products. Olive oil offer usage for different applications such as spray for dressing, cosmetics and personal care, usages in foods and medicines. Owing to these factors there is huge demand for Olive Oil in the Market.
The report: “Olive Oil MarketForecast (2020-2025)”, by Industry ARC, covers an in-depth analysis of the following segments of the Olive Oil Market.
By Source: Organic, Non-Organic
By Type: Virgin Olive Oil, Refined Olive Oil, Pomace Olive Oil, Others
By Application: Pharmaceutical, Food Industry, Cosmetic and Personal Care, Pet Foods, Soaps and Lubricants, Others
By Packaging: Tins, Bottles, Others
By Distribution Channel: Supermarket/Hypermarket, Convenience Store, Online Channel, Others
By Geography: North America, Asia-Pacific, Europe, Rest of World
Key Takeaways
Geographically, Europe’s olive oil market accounted for the highest revenue share in 2019 and is poised to dominate the target market during the forecast period 2020-2025 owing to the increase in demand of food sector.
Manufacturers, innovative and creative packaging is set to play a vital role in ensuring product differentiation, improving brand awareness, and sales in the forecast period 2020-2025.
An Increase in demand from the personal care and pharmaceutical products owing to the benefits against hair fall and skin nourishment is set to foster the growth of the market over the forecast period 2020-2025.
Olive Oil Market Segment Analysis - By Type
Based on type Olive Oil market is segmented in Virgin Olive Oil, Refined Olive Oil, Pomace Olive Oil and Others. Virgin olive oil was the largest product segment with commanding revenue share in 2019. This is owing to the demand from health-conscious consumers as it contains natural vitamins and minerals and is effective against cardiovascular diseases, osteoporosis (bones), high blood pressure, diabetes, and Alzheimer’s is set to increase in the coming years. Processed olive oil is the refined version that has been treated for organoleptic defects. Consumer preference towards processed form is relatively low as it is usually tasteless, odorless, and colorless. Its consumption is poised to remain low as compared to the virgin form for the forecast period 2020-2025.
Olive Oil Market Segment Analysis - By By Application
The application segment of Olive Oil Market has Pharmaceutical, Food, Cosmetic & Personal Care, Pet foods, soaps and lubricants and others. The Food segment has dominated the market with the highest market share in 2019 and is estimated to grow at a CAGR of 3.19% during the forecast period 2020-2025. Consumers’ inclination towards maintaining a healthy lifestyle has increased the usage of olive oil in various food products as an effective alternative. Olive oil is also used for the dressing of salads to maintain the antioxidants and phenols level of the vegetable and legume. The product has become an important part of the diet of diabetic patients, as it is the main source of good fats for consumers suffering from diabetes.
Olive Oil Market Segment Analysis - By Geography
The global Olive Oil Market by geography had the dominant share in North America, in terms of revenue in 2019. Europe held the largest market share in 2019 accounting to 38.7% of total market. This is owing to olive farming, which is one of the important business in these countries. The foodservice sector in Europe is the largest application sector for the product. European nations follow the Mediterranean diet, which is characterized by the high use of olive oil. Spain, Greece, and Italy are the major producers and exporters in the region. Asia Pacific is poised to be the fastest-growing region with the highest CAGR from 2020 to 2025. The main reason owing to the consumption pattern changes in the region. Consumers have become health conscious and preferring healthy foods with low-fat content. Besides, the per capita spending on healthy food in countries such as China and India has increased significantly. China has also become one of the prime export destinations for producers, which are set to increase the market during the forecast period 2020-2025.
Olive Oil Market Report Coverage
The report: “Olive Oil MarketForecast (2020-2025)”, by Industry ARC, covers an in-depth analysis of the following segments of the Olive Oil Market.
By Source: Organic, Non-Organic
By Type: Virgin Olive Oil, Refined Olive Oil, Pomace Olive Oil, Others
By Application: Pharmaceutical, Food Industry, Cosmetic and Personal Care, Pet Foods, Soaps and Lubricants, Others
By Packaging: Tins, Bottles, Others
By Distribution Channel: Supermarket/Hypermarket, Convenience Store, Online Channel, Others
By Geography: North America, Asia-Pacific, Europe, Rest of World
Key Takeaways
Geographically, Europe’s olive oil market accounted for the highest revenue share in 2019 and is poised to dominate the target market during the forecast period 2020-2025 owing to the increase in demand of food sector.
Manufacturers, innovative and creative packaging is set to play a vital role in ensuring product differentiation, improving brand awareness, and sales in the forecast period 2020-2025.
An Increase in demand from the personal care and pharmaceutical products owing to the benefits against hair fall and skin nourishment is set to foster the growth of the market over the forecast period 2020-2025.
Olive Oil Market Segment Analysis - By Type
Based on type Olive Oil market is segmented in Virgin Olive Oil, Refined Olive Oil, Pomace Olive Oil and Others. Virgin olive oil was the largest product segment with commanding revenue share in 2019. This is owing to the demand from health-conscious consumers as it contains natural vitamins and minerals and is effective against cardiovascular diseases, osteoporosis (bones), high blood pressure, diabetes, and Alzheimer’s is set to increase in the coming years. Processed olive oil is the refined version that has been treated for organoleptic defects. Consumer preference towards processed form is relatively low as it is usually tasteless, odorless, and colorless. Its consumption is poised to remain low as compared to the virgin form for the forecast period 2020-2025.
Olive Oil Market Segment Analysis - By By Application
The application segment of Olive Oil Market has Pharmaceutical, Food, Cosmetic & Personal Care, Pet foods, soaps and lubricants and others. The Food segment has dominated the market with the highest market share in 2019 and is estimated to grow at a CAGR of 3.19% during the forecast period 2020-2025. Consumers’ inclination towards maintaining a healthy lifestyle has increased the usage of olive oil in various food products as an effective alternative. Olive oil is also used for the dressing of salads to maintain the antioxidants and phenols level of the vegetable and legume. The product has become an important part of the diet of diabetic patients, as it is the main source of good fats for consumers suffering from diabetes.
Olive Oil Market Segment Analysis - By Geography
The global Olive Oil Market by geography had the dominant share in North America, in terms of revenue in 2019. Europe held the largest market share in 2019 accounting to 38.7% of total market. This is owing to olive farming, which is one of the important business in these countries. The foodservice sector in Europe is the largest application sector for the product. European nations follow the Mediterranean diet, which is characterized by the high use of olive oil. Spain, Greece, and Italy are the major producers and exporters in the region. Asia Pacific is poised to be the fastest-growing region with the highest CAGR from 2020 to 2025. The main reason owing to the consumption pattern changes in the region. Consumers have become health conscious and preferring healthy foods with low-fat content. Besides, the per capita spending on healthy food in countries such as China and India has increased significantly. China has also become one of the prime export destinations for producers, which are set to increase the market during the forecast period 2020-2025.
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