Olive Oil Market is estimated to touch USD 16800 million by 2021

Olive Oil Market Analysis Size, Growth rate and Overview:

The Olive Oil Market was valued at USD 13100 million in 2017 and is expected to reach almost USD 16800 million by the end of 2021, growing at a CAGR of around 3.55% over the predicted period.

The world market for olive oil is driven mainly by strong economic growth, greater awareness of the health benefits and the growing influence of the Western lifestyle. Olive oil is a promising product in the world market due to the fact that it has many health benefits compared to other cooking oils.

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Olive Oil Market Key Drivers, Challenges, and Opportunities:

Nowadays, people substitute olive oil for ordinary cooking oil, which has become an integral part of the diets of many countries. The world market is experiencing great demand and is expected to grow strongly in the coming years due to changes in consumption patterns. Potential opportunities in emerging economies are another key factor in the olive oil market. In fact, countries such as Brazil and India have undertaken important olive growing projects to take full advantage of the market.

Price volatility is a great challenge for the global olive oil market. The fluctuating prices of olive oil are caused by problems of production or crops. Adulteration is another restriction in the olive oil industry. In fact, producers often sell low quality or adulterated olive oil instead of pure olive oil. The problem of counterfeiting in this industry can be attributed to the lack of clear classification parameters.

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Olive Oil Market – Regional Presence:

Geographically, the world market for olive oil is classified in Europe, Asia-Pacific, North America and the rest of the world. In terms of consumption, it is expected that the markets in China and India will grow considerably as a result of a greater awareness of health with respect to the consumption of olive oil. The demand for high quality olive oil in the developed regions of North America and Europe is increasing. In terms of production, the markets in India and Brazil are quite small. These countries are constantly striving to improve their overall production using advanced production technologies and agricultural technologies. Collaborations between local distributors and olive oil companies abroad should stimulate the market in these two regions.

Some of the Key Players Profiled in this Olive Oil Market Report are:

Ybarra, Deoleo, Sovena Group, Colavita, Borges, Salov, and Pompeian are few of the manufacturers operating in the global olive oil market.

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