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The olive oil market share is expected to increase by 862.83 thousand MT from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 4.73%.
This olive oil market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers olive oil market segmentation by application (culinary usage and other purpose) and geography (Europe, MEA, North America, APAC, and South America). The olive oil market report also offers information on several market vendors, including AVRIL SCA, Borges International Group SLU, Botticelli Foods, Bunge Ltd., California Olive Ranch, Cargill Inc., Deoleo SA, Grup Pons, Olivier Pacific Ltd., and Sovena Group among others.
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Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The health benefits of olive oil is notably driving the olive oil market growth, although factors such as distribution challenges may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the olive oil industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Olive Oil Market Driver
Olive oil is gluten-free, which makes it a healthy and tasty alternative to conventional edible oils. It is rich in oleic acid and antioxidants, and it helps in reducing inflammation and lowering the risk of chronic and heart diseases, respectively. Apart from these benefits, olive oil also helps in the treatment of rheumatoid arthritis and osteoporosis and prevents type 2 diabetes, stomach cancer, and stomach ulcers. With growing awareness about the health benefits associated with its consumption, the demand for olive oil will increase among consumers.
Key Olive Oil Market Trend
Innovations in the packaging of olive oil will be one of the key olive oil market trends. Olive oil companies are focusing on the development of innovative packaging formats to attract more customers. For instance, DEOLEO owned brand BERTOLLI is trying to increase its brand awareness by adopting a new packaging format in the form of an oval-shaped bottle representing the Piazza dell?Anfiteatro. Similarly, various other olive oil companies are adopting new innovative packaging techniques such as aerosol packaging and green-colored tin packaging formats.
This olive oil market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the olive oil market encompasses successful business strategies deployed by the key vendors. The olive oil market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The olive oil market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
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54% of the market's growth will originate from Europe during the forecast period. Spain, Italy, and Greece are the key markets for olive oil in Europe. Market growth in this region will be faster than the growth of the market in North America and South America.
The increasing imports and exports in the olive oil industry in Europe, the growing demand for organic and extra virgin olive oil among consumers, and the rising number of organized retailing outlets that offer olive oil will significantly influence the olive oil market growth in this region. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
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The olive oil market share growth by the culinary usage segment will be significant during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the olive oil market size and actionable market insights on post COVID-19 impact on each segment.
Olive Oil Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.73% |
Market growth 2021-2025 |
862.83 thousand MT |
Market structure |
Fragmented |
YoY growth (%) |
4.07 |
Regional analysis |
Europe, MEA, North America, APAC, and South America |
Performing market contribution |
Europe at 54% |
Key consumer countries |
Spain, Italy, US, Turkey, and Greece |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
AVRIL SCA, Borges International Group SLU, Botticelli Foods, Bunge Ltd., California Olive Ranch, Cargill Inc., Deoleo SA, Grup Pons, Olivier Pacific Ltd., and Sovena Group |
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, 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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Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Application
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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