The global olive oil market was valued at 3,026.6 KT in 2018, according to Olive Oil Market Report, by Product Type (Extra Virgin Oil, Virgin Oil, and Others (Pomace Olive Oil, Lampante Oil, etc.)), by Distribution Channel (Business-to-business (Food & Beverages, Pharmaceutical, and Beauty & Personal Care) and Business-to-consumer (Hypermarket & Supermarket, Grocery Stores, Online Channel, and Others)), and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa), published by Coherent Market Insights.
The global olive oil market is projected to reach 3,299.9 KT by 2027, exhibiting a CAGR of 1% during the forecast period (2019-2027). Olive oil is obtained from olives, which are traditional tree crops within the Mediterranean region. The major ingredients of olive oil include oleic acid and also fatty acids such as palmitic acid and linoleic acid. One of the major ingredients, oleic acid present in olive oil reduces the risk of breast cancer.
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Browse 50 market data tables* and 40 figures* on "Olive Oil Market” - Global forecast to 2027.
Key Trends and Analysis of the Olive Oil Market:
Olive oil is a highly nutritive product, which is extracted from fresh olive fruits. The lifestyle of people and the quality of food consumed is deteriorating continuously. Therefore, it is very essential to ensure that people consume healthy food. Health experts across the globe recommend the use of extra virgin olive oil, as it has high monosaturated fat content and omega acids. Olive oil also possess anti-inflammatory properties, which facilitates in dealing with chronic inflammation that might cause cardiovascular diseases. Thus, there is an increasing trend of using extra virgin olive oil amongst the end users.
Key Takeaways of the Market:
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