Olive Oil Market Size, Share & Trends: Report 2029
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Data Bridge Market Research recently undertook a comprehensive market intelligence investigation into the Olive Oil Market. Their freshly released report adopts an attractive format, effectively presenting crucial data through visually captivating tables, graphs, charts, and figures.
Acquiring maximum return on investment (ROI) hinges on understanding brand awareness, market landscapes, potential future challenges, industry trends, and customer behavior. Every detail and insight within this Olive Oil report serves as a guide for businesses to make informed decisions and enhance their ROI. Employing a data triangulation method involving data mining, analysis of data variables’ impact on the market, and validation by industry experts, this report ensures robustness. Furthermore, market segmentation is a pivotal aspect of this Olive Oil market report, categorizing the market based on applications, verticals, deployment models, end-users, and geography.
Utilizing cutting-edge tools and techniques, this Olive Oil market report rigorously conducts research, analysis, and data gathering. It strategically profiles key market players, conducts systematic analyses of their core strengths, and presents a competitive landscape. In today's business landscape, there’s a dire need for precise, comprehensive, and detail-oriented market information to gain a clear understanding of market landscapes. The Olive Oil market report serves as a reliable resource, empowering businesses to focus on the realities and nuances of the Olive Oil industry, thereby guiding them on the right path.
Increasing use of olive oil coupled with the growing application of olive oil in personal/ skincare products has surged its demand. Data Bridge Market Research analyses that the olive oil market will grow at a CAGR of 4.7% during the forecast period of 2022 to 2029.
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Global Olive Oil Market Dynamics
Drivers
- Changing Dietary Style of the Consumers Across the Globe
Due to the increase in incidences of a number of diseases, including diabetes, cardiovascular disease, and cancer, there is a major change in the dietary style of consumers across the globe. Thus, due to these growing numbers, the trend of maintaining overall health and wellness by shifting to healthier oil choices is expected to drive the market.
- Rising Awareness about the Health Benefits of Olive Oil
There is rising health awareness and adoption of healthier lifestyles. Olive oils have many health benefits. Olive oil is rich in healthy monounsaturated fats. About 14% of the oil is saturated fat, whereas 11% is polyunsaturated, such as omega-6 and omega-3 fatty acids. The recent recognition of the positive health effects of MUFs has increased the demand for olive oil.
- Increasing use of Olive Oil in Personal/ Skincare Products and Pharmaceutical Drugs
Olive oil has antioxidant and anti-inflammatory properties, which are beneficial for skin care. When used on the skin, olive oil removes dead skin cells and other impurities and also cleanses, hydrates, and nourishes the hair. Olive oil can decrease acne by killing off the bacteria that causes acne. At the same time, olive oil also moisturizes skin by locking in moisture and hydrating skin, which is expected to increase the demand for olive oil in personal/skincare products.
- Increasing Use of Olive oil in Household and Foodservice Sector
The increase in olive oil demand for cooking in households is due to growing awareness regarding the good health benefits of olive oil. Olive oil has the highest content of monounsaturated fats and contains antioxidants such as vitamins A, D, E, K, and beta-carotene, which help in reducing bad cholesterol and preventing heart disease.
Opportunities
- Increasing Demand for Aromatherapy
Aromatherapy is the practice of using essential oils such as oregano oil, cinnamon bark oil, jasmine oil, and olive oil for therapeutic benefit. However, due to the wide health benefits, olive oil is mostly used in aromatherapy which is increasing the demand for olive oil. Thus, the increasing demand for aromatherapy is creating an opportunity for the growth of the global olive oil market.
Some of the major players operating in the olive oil market are:
Cargill, Incorporated, Deoleo, Del Monte Foods, Inc, Gallo Worldwide, BORGES INTERNATIONAL GROUP, S.L.U., Avenida Rafael Ybarra, SOVENA, Sun Grove Foods Inc., EU Olive Oil Ltd, Artajo oil, SALOV GROUP, Aceites Sandúa, Tucan Olive Oil Company LTD, Domenico Manca S.p.a., Les huiles d'olive Lahmar, GRAMPIANS OLIVE CO., Victorian Olive Groves, Gourmet Foods Inc., JAENCOOP GROUP, ΜΙΝΕRVΑ, among others.
Report Scope:
- Analysis of market trends influencing the global beverage stabilizers market's growth.
- Examination of trends within key regional and country-level markets based on type, function, and application.
- Providing a comprehensive overview of the Olive Oil market.
- Evaluation of historical, current, and projected market sizes in terms of volume and value.
- Offering a neutral perspective on market performance.
- Essential information for market players seeking to maintain and expand their market presence.
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