Global Olive Oil Market | Trends, Forecast and Outlook

The global olive oil market expected to witness a CAGR of over 3% during the forecast period. Certain factors that are driving the market growth include an increasing number of new product launches, the health benefits of olive oil, and the rising use of olive oil in different stores. Why it is expected to grow? To know more get the free sample report.

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Olive oils have a value-added advantage over the other cooking oils as they are gluten-free. Also, they form a unique and tasty alternative to conventional edible oils. Major health benefits are associated with the consumption of olive oil such as the reduction in inflammation, lowers the risk of heart disease, protects against type 2 diabetes helps in reducing depression, and more.

These benefits are one of the major reasons leading to the growing demand and consumption of olive oil, which is driving the growth of the olive oil market during the forecast period.

The Mediterranean region contributes to nearly 90% of the world’s olives production. The majority of olive oil production and processing facilities were set up previously in the areas of Andalusia in Spain and Italy.

In recent years, manufacturers have moved to the southern hemisphere and are exploring the opportunities to set up their manufacturing bases in Northern regions of Morocco, Tunisia, Algeria, and Southern regions of Portugal. Since 2015, olive oil production has increased in the US, with California being the major producer followed by Texas, Florida, Georgia, and Arizona.

Hence, the expanding production area is contributing to the olive oil market. Technavio’s research experts have conducted an in-depth analysis of this market below the link of the complete report.

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