Olive Oil Market Analysis, Size, Share, Growth, Trends, and Forecast Report 2022
In its recent report, Fact.MR offers a comprehensive perspective on the global olive oil market across few targeted regions. Olive oil is slowly but surely becoming the cooking oil of choice for different demographics across both emerging and developed economies. In addition to that, it also finds application in areas as diverse as cosmetics, pharmaceuticals, and as a source of fuel, further boosting its appeal. The report focuses on the provision of in-depth research and detailed insights about global olive oil market for the forecast period 2017 to 2022.
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Scope
The prime focus of Fact.MR’s report is to provide readers with an unbiased and accurate analysis of current market status of olive oil, along with future growth estimations. Olive oil producers, suppliers, and distributors in the global market will benefit from the insights offered in this report. A detailed discussion guide has been formulated in this report, which can attract the interest of top trade magazines and journals related to olive oil.
To offer readers with latest information about advancements in the global olive oil market, updates about opportunities benefitting leading olive oil producing companies are offered in the report. Continuous evolution of the food & beverages sector necessitates keeping record of upcoming and recent developments and trends which are fundamental for olive oil producers to formulate and adopt key business strategies. The detailed analysis pertaining to list of distributors, pricing analysis, raw material sourcing, cost structures, and supply chain are offered in this section.
By considering the global olive oil market, and provide an in-depth analysis, FactMR’s report offers segment-wise analysis and forecast. The olive oil market is categorized on the basis of product type, end-user, distribution channel, and region. Segmentation analysis offered is comprehensive, along with the detailed country-wise forecast offered on all parameters.
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1- According to the report published by Fact.MR, the global market for olive oil is expected to grow at moderate CAGR, raking revenues worth over US$ 11 Bn by the end of 2022. A few of the projections from Fact.MR’s report on the global olive oil market have been highlighted below to give you an understanding of the current as well as future growth opportunities –
2- The processed segment dominates the olive oil market by product type and it is anticipated to remain so for the foreseeable future. With a revenue share approaching three fourth of the olive oil market, it wouldn’t be surprising if key players decided to focus their attention exclusively on this product type. Europe accounts for the largest regional contribution of approx. 1/3rd which works out to just over US$ 2.4 billion in 2022.
3- The virgin segment of the olive oil market is much smaller than its processor brethren and it occupies the remaining portion of the olive oil market by product type. Along with Europe, major companies involved in the olive oil market could seek to target the APEJ region as it is just slightly smaller than Europe in terms of revenue contribution with a value almost touching US$ 700 million in 2017 itself.
4- The food processor segment occupies a comparative niche in the olive oil market with a revenue share just approaching a quarter in terms of end user segment. A moderate CAGR for the period 2017-2022 means that this segment needs a customized approach to be truly successful in. Europe is on track to record the highest CAGR for the period which should help it be worth just under a billion dollars by end of 2022.
5- The E-commerce boom is expected to bring about sweeping changes across diverse industries in the near future and the olive oil market should be no different. As Internet connectivity improves in emerging markets and the cost of data-centric smartphones plummets, consumers will certainly seek to purchase olive oil from the comfort of their homes. A revenue share of just over a fifth is hardly indicative of the immense potential this distribution channel of the olive oil market holds in the long term.
6- The Mediterranean Basin is the original home of the olive tree and therefore it isn’t surprising that Europe is the largest regional contributor in the olive oil market. A market value pushing past US$ 3 billion at the end of the forecast period promises ample opportunities for all players. Within this region, companies might look at targeting the processed segment as it is poised to record a steady CAGR according to this five-year study.
Competition Tracking
The report has also anticipated that companies such as The Adani Wilmar Ltd., Ruchi Soya Industries Ltd., Associated British Foods (Ach), Cargill Inc., Archer Daniels Midland Company, Bunge Limited, and Adams Group Inc. will remain key players in the global olive oil market through 2022.
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