The global olive oil market is estimated to progress at a CAGR of 5.2% from 2023 to 2033. The market stands at a valuation of US$ 12 billion in 2023 and is expected to reach US$ 20 billion by 2033-end. Demand for virgin olive oil is projected to rise rapidly over the coming years due to its effectiveness in preventing cardiovascular illnesses.
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Sales Outlook of Olive Oil as per Fact.MR’s Market Survey is positive and expected to register higher market growth during forecast period 2021 -2031. Learn how leading companies are striking potential partnership agreements to generate sales in Olive Oil Market. The report answers the Demand outlook of Olive Oil from 2021 to 2031. The report also examines the Olive Oil market key trends and growth opportunities.
Some of the prominent players reviewed in the research report include:
- Associated British Foods (Ach)
- Ruchi Soya Industries Ltd.
- The Adani Wilmar Ltd.
- Archer Daniels Midland Company
- Cargill Inc.
- Adams Group Inc.
- Bunge Limited.
This report has been detailed and is structured in a manner that covers all of the aspects required to gain a complete understanding of the pre-market conditions, current conditions as well as a well-measured forecast in order for the client to establish a strong position in the Olive Oil market.
China to Make it Big in Olive Oil Market; North America Still Awaits Breakthrough Progress
China, with an estimated US$ 200 million worth of yearly olive oil consumption, is predicted to emerge as a big market for olive oil in the near future.
China’s nouveau riche is rapidly shifting to healthier dietary alternatives including olive oil, compelling the country to raise a massive volume to import each year. American consumers have been relatively unaffected by the supply-demand and pricing scenario of the olive oil market.
According to industry experts, Americans are relatively undereducated regarding nutritional offerings of olive oil, which highlights the scope for improved performance of North America’s olive oil market.
Market Segment by Regions, regional analysis covers:-
North America (United States, Canada, Mexico)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
Europe, Middle East and Africa (Germany, France, UK, Russia and Italy, Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
Olive Oil Market- Scope of Report
The study also provides the dynamics that are responsible for influencing the future status of the market over the forecast period. A detailed assessment of value chain analysis, business execution, cost structure analysis, and supply chain analysis across regional markets has been covered in the report.
