Global Olive Oil Market 2019-2023| Expanding Production Areas to Boost Growth| Technavio

Technavio has released a new market research report on the global olive oil market for the period 2019-2023. (Graphic: Business Wire)

LONDON--()--The global olive oil market is expected to post a CAGR of over 3% during the period 2019-2023, according to the latest market research report by Technavio.

A key factor driving the growth of the market is the health benefits of olive oil. One of the primary reasons behind the growing demand and consumption of olive oil is the associated health benefits. Olive oil forms a unique and tasty alternative to conventional edible oils. Besides, its gluten-free nature is an additional value-added advantage over the other cooking oils. Therefore, with such benefits, the market is expected to showcase a positive outlook during the forecast period.

As per Technavio, the expanding production areas will have a positive impact on the market and contribute to its growth significantly over the forecast period. This global olive oil market 2019-2023 research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.

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Global olive oil market: Expanding production areas

Nearly 90% of the world's production of olives takes place in the Mediterranean region. Previously, manufacturers of the global olive oil market had set up the majority of their production and processing facilities in the areas of Andalusia in Spain and Italy. In recent years, the leading global manufacturers of olive oil have moved down in the Southern Hemisphere and have been exploring opportunities to set up their manufacturing bases in Northern regions of Morocco, Tunisia, Algeria, and Southern regions of Portugal. Also, Peloponnese, Crete, and the Aegean Islands in Greece have been the areas of interest for cultivars and farmers of olive leaves. The production areas of olives have witnessed an increase from countries such as India, Australia, the US, Egypt, Turkey, and Argentina.

“Apart from expanding production areas, the global olive oil market is being invigorated by the increasing number of new and innovative product launches. The rise in demand for olive oil products in various countries has been attributed to the product innovation in the extra virgin olive oil category, where vendors have continually involved themselves in launching new, refined, and innovative products to attract customers,” says a senior analyst at Technavio.

Global olive oil market: Segmentation analysis

This market research report segments the global olive oil market by application (culinary usage and other purpose) and geographical regions (Europe, MEA, North America, APAC, South America).

Geographically, the European region led the market in 2018 with a market share of over 55%, followed by MEA, North America, APAC, and South America respectively. However, during the forecast period, the APAC region is expected to register the highest incremental growth followed by North America.

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Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200

Release Summary

The global olive oil market is expected to post a CAGR of over 3% during 2019-2023, according to the latest market research report by Technavio.


Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200