Olive oil is mainly extracted from the olive fruit and available as virgin olive oil, extra virgin olive oil, light olive oil, olive pomace oil, and refined olive oil. Extra virgin olive oil is utilized in food products, body care items, and some other products. Since extra virgin olive oil is considered a multipurpose liquid, it is utilized by a major chunk of the global population. Extra virgin olive oil is utilized in cooking food, baked products, and salad dressing. Apart from its light flavor, this oil is further rich in antioxidants as well as monounsaturated fats. Health-conscious consumers prefer cooking in olive oil due to its health benefits. Extra virgin olive oil is suitable for the heart along with obesity management. The extra virgin olive oil market further contributes majorly to skincare since the oil has moisturizing properties as well as skin healing properties.
MARKET SCOPE
The "Global Olive Oil Market Analysis to 2028" is a specialized and in-depth study of the food and beverage industry with a special focus on the global market trend analysis. The report aims to provide an overview of the olive oil market with detailed market segmentation by type, category, distribution channel, and geography. The report provides key statistics on the market status of the leading olive oil market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type, the global olive oil market is segmented into virgin olive oil, extra virgin olive oil, refined olive oil, and others
- Based on category, the global olive oil market is segmented into organic and conventional
- Based on distribution channel, the market is bifurcated into supermarkets and hypermarkets, convenience stores, online retail, and others.
Drivers
- Increasing demand from personal care and cosmetic industry
- Increasing inclination towards the usage of natural and organic cooking oil
- Conscious eating habits among consumers
- High cost of extra virgin olive oils may restrict the market growth
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The olive oil market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the olive oil market in these regions.
IMPACT OF COVID-19 ON OLIVE OIL MARKET
As of June 2021, the US, India, Brazil, Russia, Spain, France, the UK, Turkey, and Italy, are some of the worst affected countries in terms of confirmed cases and reported deaths. The COVID-19 is affecting economies and several industries in different countries due to lockdowns, travel bans, and business shutdowns. The shutdown of various manufacturing plants and factories has also been affected the global supply chains also negatively impacted the manufacturing, delivery schedules, and sales of goods in the global market. In addition, the global travel bans further imposed by countries in Europe, Asia-Pacific, and North America are also affecting business collaborations as well as partnership opportunities.
Due to the Covid-19 pandemic, the food and beverage industry is also facing huge losses, which is further impacting the world economy. It has further disrupted the transportation system and disrupted the supply of raw materials. The disruptive value chain has had a negative impact on the raw material supply, which, in turn, is impacting the growth of the olive oil market. However, as the economies are planning to revive their operations, the demand for olive oil is presumed to rise since consumers are buying food products through online retailers. Some of the safety measures followed by the companies include limiting direct contact with delivery person & visitors, strengthening & communicating proper hygiene practices, and conducting complete sanitations & eliminating personnel contact during shift changes. With all these factors, it can be presumed that in post-pandemic times, the demand for these products will take a hike.
MARKET PLAYERS
The report covers key developments in the olive oil market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnership & collaborations. These activities have paved the way for the expansion of business and the customer base of market players. The market players from the olive oil market are anticipated to lucrative growth opportunities in the future with the rising demand for olive oil in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the olive oil market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Avril SCA
- Borges International Group SLU
- Botticelli Foods
- Bunge Ltd
- California Olive Ranch
- Cargill, Incorporated.
- Deoleo, S.A.
- Del Monte Foods, Inc.
- Olivier Pacific Ltd.
- Sovena Group