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The Olive Leaf Extract Market size is projected to increase by USD 485.18 million and the market size is estimated to grow at a CAGR of 4.43% between 2022 and 2027.
This olive leaf extract market report extensively covers market segmentation by product (conventional and organic), type (liquid and solid), and geography (Europe, Middle East and Africa, North America, APAC, and South America). Our report examines historic data from 2017 to 2021 besides analyzing the current market scenario.
Increasing preference for the Mediterranean diet is the key factor driving market growth. The Mediterranean diet emphasizes eating foods such as fish, fruits, vegetables, beans, high-fiber bread, whole grains, nuts, and olive oil. This diet makes it very difficult to eat meat, cheese, and sweets. The foods recommended under the Mediterranean diet are rich in monounsaturated fats, fiber, and omega-3 fatty acids. Olive leaf extract plays a major role in the Mediterranean diet. This, in turn, leads to an increase in the olive leaf extract market worldwide due to a growing preference for Mediterranean cuisine among people around the world. The awareness of the importance of having a strong heart and a longer life is driving the demand for olive leaf extract-containing products, as olive leaf extract regulates blood pressure. Hence, such factors will drive the market growth during the forecast period.
The Olive Leaf Extract Market shows an accelerated CAGR during the forecast period.
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The growing demand for organic olive leaf extract is the primary trend shaping market growth. Consumers are increasingly health-conscious, leading to a rise in vegetarianism and vegan lifestyles by consumers across the world have contributed to the demand for foods that are formulated using organic ingredients, such as grains, seeds, and fruits. Demand for olive leaf extract products is increasing throughout the world.
Moreover, companies are increasingly offering organic food products to cater to the growing consumer demand. Organic products during their growing stage do not involve the use of pesticides and insecticides and, thus, do not have pesticide and insecticide residues in them. The growing demand for organic olive leaf extract will drive the growth of the global olive leaf extract market during the forecast period.
The stringent regulations are a challenge that affects market growth. Due to strict rules and regulations imposed by various authorities, market players in the global olive leaf extraction industry are required to comply with them. These regulations pertain to permits, new entrants, residual management issues, and the expiry dates of certain olive leaf extract products. In order to market and sell olive leaf extract, the FDA has put strict controls in place, on the number of ingredients that can be added to it, and how various ingredients should be mentioned on the labels.
However, complying with these regulations is an uphill task for companies, which is it prevents new entrants from entering the market, and makes it difficult for product innovation to be launched in the market. These regulations are valid for the products containing olive leaf extract as well, which may impede the growth of the market in focus during the forecast period.
The advantage of using liquid olive leaf extract is its versatility and can be taken directly from the bottle. They can be used with other plant extracts to make medicinal elixirs, syrups, teas, salves, essential oils, and more. They can also be consumed straight from the container using a dropper. If the capsules and tablets are uncomfortable to swallow, liquid olive leaf extract is an excellent choice for this reason that it can be consumed in liquid form and easily absorbed. The production of arterial plaque, which can cause strokes or myocardial infarctions (heart attacks), can be stopped by olive leaf extract. Few factors increase the demand for the liquid form of olive leaf extract, which in turn is anticipated to propel the growth of the market during the forecast period.
The market share growth by the conventional segment will be significant during the forecast period. The demand for olive leaf extract is increasing due to the health benefits associated with its consumption and is expected to rise further during the forecast period. The demand for olive leaf extract is also expected to rise in the forecast period as new products are launched that contain it as an ingredient.
The conventional segment was valued at USD 1,639.48 million in 2017.
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The increasing instances of pesticide and insecticide residues in the products that are cultivated using conventional means will hamper the growth of the market. The residuals will pass to the end product and may have a negative effect on its demand. This will lead to a decrease in the demand for products containing olive leaf extract and can also create mistrust among consumers. The growing demand for the organic variant of olive leaf extract can challenge the growth of the market during the forecast period.
Europe is estimated to contribute 58% to the growth of the global market during the forecast period.
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Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The UK, Italy, and Germany were among the key contributing countries to the olive leaf extract market in Europe. The market is highly competitive, with the presence of several international and regional vendors. Due to the rising demand for olive leaf extract and its associated health benefits, the consumption of olive leaf extract has been increasing in Northern European markets, especially the UK, France, Germany, and the Netherlands, since 2010. Countries such as the Czech Republic, Russia, Poland, Romania, and Hungary have seen a rise in the demand for olive leaf products. Hence, such factors are expected to drive market growth in this region during the forecast period.
The COVID-19 pandemic had a negative impact on the regional olive leaf extract market in 2020. However, in 2021, the initiation of large-scale vaccination drives?lifted the lockdown and travel restrictions, which led to the resumption of supply chain activities. Additionally, olive leaf extract plants in the region resumed their operations. In the region demand for extracts from olive leaves has risen. The rise in the use of olive leaf extracts across industries, and the increase in the launch of new products containing olive leaf extracts among consumers are likely to drive the growth of the market in Europe during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The olive leaf extract market report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The olive leaf extract market report forecasts market growth by revenue at global, regional & country levels and analyzes the latest trends and growth opportunities from 2017 to 2027.
Olive Leaf Extract Market Scope |
|
Report Coverage |
Details |
Page number |
16 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.43% |
Market growth 2023-2027 |
USD 485.18 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
4.02 |
Regional analysis |
Europe, Middle East and Africa, North America, APAC, and South America |
Performing market contribution |
Europe at 58% |
Key countries |
US, Turkey, Spain, Italy, and Portugal |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Barleans Organic Oils LLC, Comvita Ltd., Dohler GmbH, Dr. Willmar Schwabe GmbH and Co. KG, Evergreen Life Products Srl, Gaia Herbs Inc., Grupo Natac S.L.U., Healthy Hey LLP Research, International Flavors and Fragrances Inc., Medikonda Nutrients, Nanjing NutriHerb BioTech Co. Ltd., NOW Health Group Inc., Olivus Inc., Select Botanical S.L., Simple Life Nutrition, Stakich Inc., Starwest Botanicals.com Inc., The Naked Pharmacy Ltd., Vabori, and Creative Enzymes |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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