Global Olive Oil Market thrives with the growing health awareness of consumers

1. Global Olive Oil Market estimated to reach around USD 12.5 billion by 2025 Market overview: The global Olive Oil Market was worth USD 8.2 billion in 2019, and it is estimated that it will reach a valuation of USD 12.5 billion 2025 at a CAGR of 6.05% during the conjecture period. The olive oil is used mainly in cosmetic, pharmaceutical and culinary applications. This oil is very popular all over the world and is available in the market. It consists of oleic acid along with some fatty acids like palmitic acid and linoleic acid. Consuming olive oil has numerous benefits, including many antioxidants, monounsaturated fats, anti-inflammatory properties, and more, which help prevent strokes, heart disease, weight gain, obesity, Alzheimer's, diabetes, and more. Recent developments: In June 2019, ORS Olive Oil, a manufacturer of olive oil-based cosmetics, launched 'Fix It', an olive oil hold gel for wigs and weaving wearers. This product is resistant to sweat and moisture and is specifically designed for applying and styling wigs. Market Drivers and Restrains: The increasing adoption of olive oil in various industries, including cosmetics, pharmaceuticals, food and beverages around the world, is a key factor that is expected to drive the growth of the global olive oil market. Increased olive oil production, rise in individual per capita income, and increased health awareness among people are the main factors that are expected to drive the growth of the global market during the forecast period. Also, the growing awareness of the various health benefits among people, the rising demand for olive oil around the world, is another factor that is expected to drive the growth market during the forecast period. The western way of life is being adopted more and more by the population of developed countries. This is considered one of the most important factors driving the world olive oil market. Also, the global expansion of olive oil producing regions and the increasing launch of premium and new olive oil products from major olive oil manufacturers is another factor that is expected to

2. extend the growth of the global market in the future. It is also expected to support the growth of the target market as the popularity of a variety of olive oils, including extra virgin, refined and virgin, increases worldwide. However, the availability of olive oil substitutes, such as mustard oil, coconut oil, palm oil, etc., along with the high cost of marketing, is a major factor that is expected to hamper the market growth. Limited olive production in some geographic areas, along with fluctuations in olive oil prices, hampered market growth. To know more read: https://www.marketdataforecast.com/market-reports/olive-oil-market Report is segmented as: By type, the global olive oil market is segmented into refined olive oil, virgin olive oil, pomace oil and others. Virgin olive oil was the largest product segment with revenue share in 2019. Olive oil market applications include food, soap, pharmaceuticals, pet food, cosmetics and personal care and lubricants. Geographical Segmentation: The European olive oil market has the largest share of world market revenue and is expected to dominate the target market during the forecast period. The high presence of olive oil producers and the high consumption of olive oil in countries of the region such as France, England, Italy and Germany. The Asia Pacific market is expected to experience significant growth in the global market after the North American market due to the expansion of the food sector and the major health problems among people in countries such as India, China, Canada and the United States. The markets of Latin America, the Middle East and Africa are expected to register modest growth in terms of sales as olive oil rises in the countries of the region. Impact of COVID 19 on Olive Oil Market Olive oil is used primarily in the foodservice, marinade, and cooking seasoning industries. The COVID 19 pandemic has faced enormous challenges in olive oil consumption as restaurants and hotels have been closed due to the pandemic. The use of olive oil by food manufacturers has also decreased due to slower manufacturing of the product.

3. Key market players: The global olive oil market include major players like Borges Mediterranean Group, Salov, Ybarra, Sovena Group, Deoleo, Figaro, Unilever Group, Del Monte Foods, Farrel and Lenardo. View sample and decide: https://www.marketdataforecast.com/market-reports/olive-oil-market/request- sample Scope of the report: The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated. The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity. What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions. About Us: Market Data Forecast is a firm working in the areas of market research, business intelligence and research, business intelligence and consulting. We have rich

4. experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients. For more information: Abhishek Shukla Sales Manager at Market Data Forecast Email: abhishek@marketdataforecast.com Tel: +1-888-702-9626 Website: https://www.marketdataforecast.com/