Health factors like cholesterol level maintenance, blood pressure level management and blood sugar regulation can be effectively addressed with the incorporation of extra virgin olive oil into daily diet. Increase in fitness and wellness sector awareness has enhanced the market growth trajectory of the sector to an elevated level. Fast pace of lifestyle increases in awareness related to diverse effects of consumption of oils with high level of saturated fatty acids have led to consumers demanding healthy oils to balance their nutritional requirements. However, product adulteration is identified to possess high threat to the growth of this market.
Due to the large number of health advantages associated to extra virgin olive oil consumption, the market is growing at an incremental pace on the global stage. Increasing health awareness and rising demand for oils imparting healthy fats have prompted the high growth of extra virgin olive oil market. Extra virgin olive oil consumption is identified to reduce the risk of heart diseases. The oil contains healthy monounsaturated fatty acid content and polyphenols which act as antioxidants. The nutrient content of the oil is one of the major factors responsible for its high growth in the global market. Escalating in health consciousness and shift in consumers spending behavior is giving a boost to the extra virgin olive oil market.
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Major Key Players
With the entry of new industrial players in the extra virgin olive oil segment, established players are continuously involved in product improvisations and constantly keep adding new products to their offerings. With companies aiming to capture a considerable share of the market segment as early as possible, they are competing in terms of quality and creating product differentiation to gain consumers attention. The best long-term growth opportunities for this sector can be captured by ensuring ongoing process improvisations to enhance their product capacity and curing techniques.
The key players profiled in Extra Virgin Olive Oil Market are
- SALOV NORTH AMERICA CORP (U.S.),
- COBRAM Estate (Australia),
- AGRO Sevilla Group (Spain),
- Star Fine Foods – Borges USA (U.S.),
- Grupo Ybarra ALIMENTACIÓN (Spain),
- DEOLEO (Spain), SOVENA (Portugal)
- CARAPELLI Firenze S.p.A (Italy)
Global Extra Virgin Olive Oil Market has been divided into packaging material, application, distribution channel and region.
Based on Packaging Material: Plastic, Glass, Metal, Others
Based on Application: Cosmetics, Culinary, Pharmaceuticals, and Others
Based on Distribution Channel: Store Based, and Non-Store Based
Based on Region: North America, Europe, Asia Pacific, and ROW.
Extra Virgin Olive Oil Market is segmented into North America, Europe, APAC, and Rest of the World (RoW). Global dietary market is highly dominated by North America and Europe due to high awareness and adoption of healthy lifestyle by the consumers. APAC is fastest growing region due to changing lifestyle and improved disposable income in the region. The consumption extra virgin olive oil in developing countries is anticipated to grow at a high rate in the upcoming years.
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