Global Olive Oil Market Outlook

Global Olive Oil Market Size is anticipated to be worth USD 16.31 billion By 2030, expanding at a CAGR of 8.10% from 2022 to 2030. The market is driven by the increasing demand for olive oil for its health benefits, growing popularity of Mediterranean cuisine, and rising disposable income in developing countries.

Olive oil is a liquid fat extracted from the olive fruit. It is a major component of the Mediterranean diet, which is considered to be one of the healthiest diets in the world. Olive oil is rich in monounsaturated fatty acids, which have been shown to have a number of health benefits, including reducing the risk of heart disease, stroke, and cancer.

Click Here to Get Sample Premium Report- : https://www.marketresearchfuture.com/sample_request/7228

The global olive oil market is segmented by type, application, and region.

By type, the market is divided into extra virgin olive oil, virgin olive oil, ordinary virgin olive oil, lampante olive oil, and refined olive oil. Extra virgin olive oil is the highest quality olive oil and is made from the first pressing of the olives. It is the most popular type of olive oil and is used for cooking, salad dressings, and dipping bread. Virgin olive oil is made from the second pressing of the olives and has a slightly lower quality than extra virgin olive oil. Ordinary virgin olive oil is made from the third pressing of the olives and has a lower quality than virgin olive oil. Lampante olive oil is olive oil that has a strong flavor and is not suitable for consumption. It is used for industrial purposes, such as soap making. Refined olive oil is made from lampante olive oil and has had its flavor removed. It is the least expensive type of olive oil and is used for cooking.

By application, the market is divided into food, cosmetics, and industrial. Food is the largest application segment, accounting for a share of over 80% of the market in 2022. Olive oil is used in a variety of food applications, including cooking, salad dressings, and dipping bread. Cosmetics is the second-largest application segment, accounting for a share of over 10% of the market in 2022. Olive oil is used in a variety of cosmetic applications, such as soaps, lotions, and creams. Industrial is the smallest application segment, accounting for a share of less than 10% of the market in 2022. Olive oil is used in a variety of industrial applications, such as lubricants and fuel additives.

By region, the market is divided into Europe, Asia Pacific, North America, Latin America, and Middle East & Africa. Europe is the largest market for olive oil, accounting for a share of over 40% of the market in 2022. This is due to the long history of olive oil production and consumption in the region. Asia Pacific is the fastest-growing market for olive oil, accounting for a share of over 20% of the market in 2022. This is due to the rising disposable income in the region and the increasing popularity of Mediterranean cuisine.

Browse In-depth Market Research Report (128 Pages, Charts, Tables, Figures) Report : https://www.marketresearchfuture.com/reports/olive-oil-market-7228

The growth of the global olive oil market is being driven by a number of factors, including:

  • Increasing awareness of the health benefits of olive oil
  • Growing popularity of Mediterranean cuisine
  • Rising disposable income in developing countries
  • Increasing demand for organic and sustainable products
  • Growing demand for olive oil-based cosmetics

The market is expected to face some challenges, such as:

  • Fluctuations in the price of olive oil
  • Competition from other oils, such as canola oil and sunflower oil
  • Counterfeiting of olive oil

Browse In-depth Market Research Report (128 Pages, Charts, Tables, Figures) Report : 

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact us:

Market Research Future (part of Wantstats Research and Media Private Limited),

99 Hudson Street,5Th Floor, New York, New York 10013, United States of America

Sales: +1 628 258 0071(US) +44 2035 002 764(UK)

Website : https://www.wantstats.com

Email: [email protected]