According to IMARC Group's latest research report, titled "Olive Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," offers a comprehensive analysis of the industry, which comprises insights on the olive oil market share. The report also includes competitor and regional analysis, and contemporary advancements in the market. The global olive oil market size reached US$ 13.84 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 18.28 Billion by 2028, exhibiting a growth rate (CAGR) of 4.60% during 2023-2028.
Olive Oil Market Overview:
Olive oil refers to a type of vegetable oil derived from olives, the fruit of the olive tree. It is a staple in Mediterranean cuisine and is highly considered for its numerous health benefits and culinary versatility. It is predominantly composed of monounsaturated fatty acids, particularly oleic acid, which is known for its positive impact on heart health. It also contains antioxidants, such as vitamin E and polyphenols, which possess anti-inflammatory properties and help protect the body against oxidative stress. It is often utilized in skincare and beauty products on account of its moisturizing and nourishing properties. It is also regarded as a cherished ingredient that enhances both the taste and nutritional value of countless dishes around the world.
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Olive Oil Market Trends:
The rising awareness among the masses about the health benefits associated with olive oil consumption is driving the global market. Additionally, the rise of the Mediterranean diet as a popular and recognized healthy eating pattern has further fueled the demand for olive oil. The increasing globalization of food culture and the growing popularity of international cuisines are playing a significant role in augmenting the demand for olive oil as consumers seek to recreate authentic flavors at home. Moreover, the rise of gourmet and specialty food trends is supporting the demand for premium olive oils. Besides, consumers are now seeking unique and high-quality products that offer exceptional taste and provenance. This is creating a positive market outlook.
Key Market Segmentation:
Competitive Landscape with Key Players:
- Artajo Oil
- Borges International Group
- California Olive Ranch Inc.
- Cargill Incorporated
- Colavita SpA
- Conagra Brands Inc.
- Del Monte Foods Inc. (Del Monte Pacific Ltd.)
- Domenico Manca S.p.a.
- EU Olive Oil Ltd.
- Gallo Worldwide
- Gruppo Salov
- Sovena Group
- Virgin Olive Oil
- Refined Olive Oil
- Extra Virgin Olive Oil
- Olive Pomace Oil
Distribution Channel Insights:
- Supermarkets and Hypermarkets
- Convenience Stores
- Online Stores
- Food and Beverage
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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