Olive Oil Market (Type - Virgin, Refined/ Pure, and Others (lampante Oil, Pomace Oil); End-user - Households/ Retail, Foodservice/ HoReCa, and Food Manufacturing): Global Industry Analysis, Trends, Size, Share and Forecasts to 2028

A recent report published by Infinium Global Research on the olive oil market provides an in-depth analysis of segments and sub-segments in the global as well as the regional olive oil market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional olive oil market over the short term as well as the long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of the global olive oil market. According to the report, the global olive oil market is projected to grow at a significant CAGR over the forecast period of 2022-2028. 

Market Insight

Olive oil is an oil that is obtained from olives and contains fatty acids that are good for you, including oleic acid, palmitic acid, and linoleic acid. It's a cooking oil with lots of nutritional benefits. Due to its widespread appeal, there is a huge variety of olive oils available on the market. Monosaturated fats, vitamins D and K, and plenty of antioxidants are all part of its nutritional profile. Olive oil is used for a variety of purposes in addition to being only edible cooking oil. For instance, olive oil is ideal for skin care and personal care products since it possesses hydrating and exfoliating characteristics. 

Due to the rising use of nutrient-rich oils in the diet, the market is anticipated to expand throughout the forecast period. Additionally, increased consumer awareness of these products' health advantages is predicted to support market expansion. Further, the market is anticipated to be driven by the rising popularity of cold-pressed, artisanal culinary oils, and raw oils. The industry is expanding due to the rising demand for artisanal, raw, cold-pressed culinary oils. The accessibility of inexpensive substitute oils, however, limits market expansion. Due to the high price of olive fruit oil, people are looking for inexpensive substitute oils that have comparable health benefits. Due to their high level of essential fatty acids, canola oil, sunflower oil, and coconut oil are becoming more and more popular among consumers. Additionally, changes in olive oil prices will further slow the market's expansion. 

The high level of olive tree cultivation and production in the area is primarily responsible for the market's brisk growth in Europe. Olea europaea fruit oil is primarily produced and exported by Italy and Spain to several nations in other parts of the world. The demand for Olea europaea fruit oil has expanded throughout Europe's food manufacturing sector due to the rising popularity of functional foods. The growth is primarily driven by the rising demand for healthy oils to stop lifestyle-related health issues from developing as a result of consumers' busy lifestyles. Studies demonstrating the health benefits of olive oil use have considerably accelerated regional development. The demand for Olea europaea fruit oil for the region's nutraceuticals and pharmaceutical industries has increased due to the rising popularity of dietary supplements to maintain overall health and wellness. 

Segment Covered

The report on the global olive oil market covers segments such as type, and end-user. On the basis of type, the sub-markets include virgin, refined/pure, and others (lampante oil, pomace oil). On the basis of end-user, the sub-markets include households/retail, foodservice/ HoReCa, and food manufacturing. 

Companies Profiled:

The report provides profiles of the companies in the market such as Cargill, Incorporated, Deoleo, S.A., Del Monte Foods, Inc, Gallo Worldwide, Borges International Group, S.L.U., Avenida Rafael Ybarra, Sovena Group, Tucan Olive Oil Company LTD, Domenico Manca S.P.A., and Pompeian, Inc.. 

Report Highlights:

The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the olive oil market. Moreover, the study highlights current market trends and provides forecasts from 2022-2028. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings insight into the market share of the leading players.