Market Scenario
The global extra virgin olive oil market size 2020 is poised to grow at a significant rate of 6.2% over the review period (from 2019 to 2024) and secure revenue generation of USD 2.3 billion by 2025.
Market highlights
Growing health consciousness and the demand for safe fat-providing oils have spurred the fast growth of the extra virgin olive oil industry. Extra virgin olive oil intake is considered to reduce the risk of heart disease. The oil contains healthy concentrations of monounsaturated fatty acids, and antioxidant polyphenols.
One of the essential reasons responsible for its fast demand in the global market is the nutritional quality of the commodity. The integration of extra virgin olive oil into the daily diet can effectively address health factors such as cholesterol level maintenance, blood pressure level management and blood sugar regulation. Growing health awareness and changing customer buying behaviour gives the extra virgin olive oil industry an impetus. The incorporation of extra virgin olive oil into the daily diet effectively counteracts health problems such as management of cholesterol levels, control of blood pressure levels and regulation of blood sugar. Growing recognition of the health and wellbeing industry has raised the company's business growth trend to a high degree. The accelerated lifestyle tempo expanded understanding related to the diverse effects of oils intake with a high level of saturated fatty acids have led consumers to demand healthier oils to meet their nutritional needs. But product adulteration is described as posing a high threat to this market 's growth.
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Competitive Dashboard
The eminent market players of the global market are Star Fine Foods - Borges USA (US), Miguel Gallego SA (Spain), DEOLEO (Spain), Carapelli Firenze S.p.A (Italy), Jindal group (India), Salov S.p.A. (US), Tous droits réservés à Gallo (Portugal), Borges Mediterranean Group (Spain), Grup Pons (Spain), Aceites La Masía (Spain), Del Monte Foods, Inc. (US), Maeva Group LLC (US), Nutrinveste SGPS, SA. (Portugal), Agro Sevilla Group (Spain), Jaencoop Group (Spain).
Segmental Analysis
The global extra virgin olive oil market has been analyzed into distribution channel, packaging material, Application, and region.
Based on Packaging Material, the market has been segmented into Glass, Plastic, Metal, Others
Based on the Application the market has been divided into Culinary, Cosmetics, Pharmaceuticals, and Others
Based on Distribution Channel, the market has been segmented into Store Based, and Non-Store Based
Regional Overview
The world demand for extra virgin olive oil is segmented into North America , Europe, APAC and the Rest of the World (RoW).
Owing to the strong visibility and acceptance by the consumers of a balanced lifestyle, the global dietary market is heavily dominated by North America and Europe.
During the forecast era Europe is predicted to lead the extra virgin olive oil market. The involvement of renowned olive oil companies, such as Borges Mediterranean Group, Agro Sevilla Group, Miguel Gallego SA, Deoleo, and Carapelli Firenze S.p. A, is catalysing the development of the region's extra virgin olive oil industry. In many packaged food products extra virgin olive oil is used as an ingredient by food processing industries. Growing consumption of processed foods and beverages is expected to trigger growth in the region's extra virgin olive oil market over the forecast period.
During the forecast period Asia-Pacific is predicted to record the highest CAGR on the extra virgin olive oil market. APAC is the fastest growing market in the country, owing to shifting habits and increased disposable income. In developing countries the consumption of extra virgin olive oil is expected to rise at a fast pace in the coming years. Furthermore, growing recognition among consumers of the health benefits of extra virgin olive oil propels regional development further.
Global Extra Virgin Olive Oil Market – OverviewDue to the large number of health advantages associated to extra virgin olive oil consumption, the market is growing at an incremental pace on the global stage.
Market Research Future, a firm which specializes in market reports related to the Food, Beverages & Nutrition sector among others, recently forecasted in its report on ‘Global Extra virgin olive Oil Market Research Report- Forecast to 2023’ that the market will demonstrate an exceptional CAGR % while achieving good growth rapidly in the forecast period.Increasing health awareness and rising demand for oils imparting healthy fats have prompted the high growth of extra virgin olive oil market.
The oil contains healthy monounsaturated fatty acid content and polyphenols which act as antioxidants.
Escalating in health consciousness and shift in consumers spending behavior is giving a boost to the extra virgin olive oil market.Health factors like cholesterol level maintenance, blood pressure level management and blood sugar regulation can be effectively addressed with the incorporation of extra virgin olive oil into daily diet.
However, product adulteration is identified to possess high threat to the growth of this market.The key players profiled in extra virgin olive oil are Cobram Estate (Australia), Agro Sevilla Group (Spain), SALOV NORTH AMERICA CORP (U.S.), Star Fine Foods - Borges USA (U.S.), Grupo Ybarra Alimentación (Spain), DEOLEO (Spain), SOVENA (Portugal), and Carapelli Firenze S.p.A (Italy) among many others.Industry UpdatesOct 2017 To suffice the rising demand for extra virgin olive oil and to promote the consumption of healthy oils, Agriculture Minister Khaled Hneifat, Olive Presses Association President Inad Fayez (Amman, Jordan) signed a memorandum to launch the 6th national campaign to market local olive oil to public and private sector employees for the season.Jan 2017 To meet the rising demand for healthy oil from consumers’ end, Clover acquired Olive Pride business from Southern Canned Products (SCP).
The strategy will help the company to strengthen their product portfolio and generate high revenue.Sep 2016 To enter into the olive oil business and gain consumers attention towards the offerings, Filippo Berio announced the launch of 'robustly flavoured' 100% Italian extra virgin olive oil.Mar 2016 To reduce the chances of counterfeit products in the global oil market, Italy launched olive oil certification label.
Global Extra Virgin Olive Oil Market – OverviewDue to the large number of health advantages associated to extra virgin olive oil consumption, the market is growing at an incremental pace on the global stage.
Market Research Future, a firm which specializes in market reports related to the Food, Beverages & Nutrition sector among others, recently forecasted in its report on ‘Global Extra virgin olive Oil Market Research Report- Forecast to 2023’ that the market will demonstrate an exceptional CAGR % while achieving good growth rapidly in the forecast period.Increasing health awareness and rising demand for oils imparting healthy fats have prompted the high growth of extra virgin olive oil market.
The oil contains healthy monounsaturated fatty acid content and polyphenols which act as antioxidants.
Escalating in health consciousness and shift in consumers spending behavior is giving a boost to the extra virgin olive oil market.Health factors like cholesterol level maintenance, blood pressure level management and blood sugar regulation can be effectively addressed with the incorporation of extra virgin olive oil into daily diet.
However, product adulteration is identified to possess high threat to the growth of this market.Access Complete Report @ https://www.marketresearchfuture.com/reports/extra-virgin-olive-oil-market-4124Latest Industry UpdatesOct 2017 To suffice the rising demand for extra virgin olive oil and to promote the consumption of healthy oils, Agriculture Minister Khaled Hneifat, Olive Presses Association President Inad Fayez (Amman, Jordan) signed a memorandum to launch the 6th national campaign to market local olive oil to public and private sector employees for the season.Jan 2017 To meet the rising demand for healthy oil from consumers’ end, Clover acquired Olive Pride business from Southern Canned Products (SCP).
The strategy will help the company to strengthen their product portfolio and generate high revenue.Sep 2016 To enter into the olive oil business and gain consumers attention towards the offerings, Filippo Berio announced the launch of 'robustly flavoured' 100% Italian extra virgin olive oil.Mar 2016 To reduce the chances of counterfeit products in the global oil market, Italy launched olive oil certification label.
