LONDON--(BUSINESS WIRE)--The global olive oil market size is poised to grow by 485.64 thousand tons during 2019-2023, according to a new report by Technavio, progressing at a CAGR of more than 3% during the forecast period.
Read the 125-page research report with TOC on "Olive Oil Market Analysis Report by application (culinary usage and other purposes) and geography (MEA, APAC, Europe, North America, and South America) 2019 - 2023" at https://www.technavio.com/report/global-olive-oil-market-industry-analysis?
The rising use of olive oil in different sectors is anticipated to boost the growth of the olive oil market.
The demand for olive oil is growing at a rapid pace across the world, mainly due to its health benefits. Olive oil is a unique and tasty alternative to conventional edible oils. The consumption of olive oil reduces inflammation as it is a rich, concentrated source of monosaturated fat called the oleic acid. It also protects against type 2 diabetes and is an effective treatment for rheumatoid arthritis. Such health benefits of olive oil are expected to significantly drive the growth of the global olive oil market size during the forecast period.
Olive oil is also being used for various applications across different sectors. They are used for consumer products such as skin care creams, hair oils, snacks, daily products, and others. Pharmaceutical manufacturers are increasingly incorporating olive oil in medicines, owing to its health benefits. Thus, the growing use of olive oil in different sectors will fuel the growth of the market during the forecast period.
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The report includes detailed profiles of the leading companies & prominent vendors of the market:
- BORGES INTERNATIONAL GROUP
- Bright Food
Market Segmentation by Application:
The olive oil market can be broadly categorized into the following segments:
- Culinary usage
- Other purposes
Key Regions for the Olive oil Market:
Featuring a breakdown of region-wise market shares until 2019.
- North America
- South America
Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
Related Reports on Food Products are:
Flaxseed Oil Market – Global Flaxseed Oil Market by product (organic and inorganic) and geography (the Americas, APAC, and EMEA).
Coriander Oil Market – Global Coriander Oil Market by application (food and beverage, medical, and others) and geography (APAC, Europe, MEA, North America, and South America).
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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