By 2033, The Olive Oil Market is expected to be worth 18.35 billion dollars, with a 2.9% compound annual growth rate During 2023 to 2033 | Future Market Insights, Inc.

The increase in demand for healthy and natural food products is the major factor driving the growth of the olive oil market. Castor Oil Derivative Market reach a valuation of US$ 2.38 billion by 2033. The demand for Oilseed Marke is estimated to record a steady 4.64% CAGR.

/EIN News/ -- NEWARK, Del, Feb. 17, 2023 (GLOBE NEWSWIRE) -- The global olive oil market is projected to be worth US$ 13.79 billion in 2023 and is expected to surpass US$ 18.35 billion by 2033. The market is expected to register at a CAGR of 2.9% during the forecast period.

The market is rapidly expanding, owing primarily to rising demand for olive oil in both the food service and retail sectors. Olive oil is extracted from olives that contain beneficial fatty acids such as oleic acid, palmitic acid, and linoleic acid. It's a cooking oil with numerous nutritional advantages. Because of its widespread popularity, the market offers a wide range of olive oils.

Request for Sample Report: https://www.futuremarketinsights.com/reports/sample/rep-in-208

Increasing Knowledge of the Health Benefits of the Products to Support Market Performance

Due to their positive health effects, MUFA-containing fats and oils are becoming more popular among consumers. Consuming foods that are omega-3 enriched has recently been linked to improved cardiovascular health and other bodily processes, according to several clinical studies. Due to consumers' growing awareness of the value of consuming essential fatty acids in maintaining good health, the high omega-3 content of olive fruit oil has fueled their demand. Due to the fact that it contains healthy fatty acids, antioxidants, and vitamins, olive fruit oil has become incredibly popular as a healthy oil all over the world.

The demand for olive fruit oil has significantly increased as ethnic Mediterranean cuisines become well-liked around the world. Its widespread inclusion in many different cuisines, including Italian, Greek, and Spanish cuisines, has also contributed to its rise in demand. Additionally, consumers' willingness to try new flavors, textures, and exotic cuisines, as well as the growth of travel and tourism, has boosted market performance.

Artisanal and Minimally Processed Edible Oils are Becoming More Popular, which May Spur Growth

The market has grown as a result of consumers' growing interest in raw, natural, and cold-pressed cooking oils, which are thought to be safer and healthier than their processed counterparts. According to such claims, edible oils that have undergone minimal processing and manufacturing are thought to be free of any harmful chemicals. Because there is little to no processing, the nutrients are retained, making the food healthier. Additionally, as virgin and extra-virgin olive oils undergo less processing and have a profile with a consistent fatty acid, their demand has increased lately.

Due to their pure flavor and unaltered organoleptic properties, cold-pressed virgin oils have seen an increase in demand, which further propels the market performance. Additionally, the demand for natural, minimally processed edible olive fruit oil is expected to increase in the coming years due to the growing environmental sustainability concerns around the world.

Talk with Research Analyst: https://www.futuremarketinsights.com/ask-question/rep-in-208

Key Takeaways:

• Olive oil is becoming increasingly popular as consumers seek out healthier and more natural food and beverage options.
• Technological advancements in the production and distribution of olive oil have helped to improve the quality and consistency of the product.
• Producers have the opportunity to expand into new markets, particularly in developing countries.
• Sustainability is becoming an increasingly important factor for consumers and producers, and producers who can promote their sustainability practices are likely to differentiate themselves in the market.
• Olive oil faces competition from other oils, such as palm oil and canola oil, which are often cheaper and more widely available.
• The olive oil market is subject to fluctuations in prices and supply, which can be impacted by factors such as weather conditions and political instability.

Competitive Landscape

The global olive oil market is dominated by several regional players. Olive oil producers are targeting consumers who prefer pure and health-beneficial extra virgin olive oil. Deoleo, Cargill Inc, Borges, Almazaras de la Subbética, and California Olive Ranch are a few of the key players in the global olive oil market. Multinational players control 30-40% of the market, while domestic players control 5-10%. These businesses are involved in the olive oil industry, operate on a smaller scale, and are more export-oriented.

Recent Developments

• Curation Foods, Inc., under the brand O Olive Oil & Vinegars, released a batch of Olio Nuovo Extra Virgin Olive Oil in February 2022, which is a seasonal oil with a fresh and robust flavor.
• Pietro Coricelli, an Umbrian olive fruit oil producer and one of the extensive and most widely distributed olive fruit oil brands, has announced to join IBM Food Trust to trace its extra-virgin olive fruit oil using the Blockchain technology.
• Del Monte Foods, Inc. launched one-liter olive fruit oil pouches at a competitive price in India in January 2021, making healthy edible oil more affordable.
  

Buy Complete Report: https://www.futuremarketinsights.com/checkout/208

Given Below are the olive oil market Segments

Type:

• Refined/Pure
• Virgin
• Others
  

End User:

• Household/Retail
• Foodservice/HoReCa
• Food Manufacturing
• Others

Region:

• North America
• Latin America
• Europe
• Asia Pacific
• The Middle East & Africa
  

Table of Content:

1. Executive Summary | Olive Oil Market

    1.1. Global Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

Read More TOC

Check Our Latest Food and Beverage Research Reports:

Low- and No-calorie Soda Market: The low- and no-calorie soda market generated total revenue of US$ 20.99 billion in 2022. The industry is anticipated to record a significant CAGR of 2.2% over the forecast period to attain a market revenue of US$ 26.67 billion by 2033.

Baking Ingredients Market: The global baking ingredients market is projected to cross US$ 34.60 billion by 2033. The FMI analysts are of the view that the market is expected to record a CAGR of 6.8% from 2023 to 2033. The market size is anticipated to be at US$ 17.92 billion in 2023.

Trace Minerals in Feed Market: The trace minerals in feed market is expected to register 5.4% CAGR during the forecast period. Sales of trace minerals in feed are rising expected to rise from US$ 552.67 billion in 2023 to US$ 926.04 billion by 2033.

Flavors and Fragrances Market: The flavors and fragrances market is anticipated to expand its roots at an average CAGR of 4.67% during the forecast period. The market is likely to hold a share of US$ 28.94 billion in 2023, while it is anticipated to cross a value of US$ 45.68 billion by 2033.

Plant-based Milk Market: The global plant based milk market size is expected to reach a valuation of US$ 19.8 billion by 2023. It is likely to accelerate with a CAGR of 9.9% from 2023 to 2033.

About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
LinkedIn| Twitter| Blogs | YouTube
For Sales Enquiries: sales@futuremarketinsights.com