Global Olive Oil Market Revenue To Reach Nearby US$ 11 Bn By 2022

Posted on 2018-06-08 by Mark Hub in Food & Beverage // 0 Comments

ROCKVILLE, US, 2018-Jun-08 — /EPR Network/ — Recently, a novel report developed using proven research methodologies at the headquarters of Fact. MR has identified various prominent factors and trends prompting market growth of Olive Oil Market. The study is titled as “Olive Oil Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022”, which deeply analyses the global market trends, with historical data from 2016 and 2017, and projections of compound annual growth rates (CAGRs) during the mentioned forecast of 2017-2022. For the benefit of the readers, the report concludes with a special focus on the detailed profiles of the major vendors in the Global Olive Oil Market.

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Known in the Mediterranean since the 8^th millennium BC, olive oil has spread far beyond its boundaries and become a product popular all across the world, even in far-flung regions which have never been exposed to it. While the consumption of olive oil is usually higher in developed countries, fast-growing countries in APEJ are catching up to their developed counterparts and could shape the olive oil market in the days ahead.

According to Fact.MR, the global market for olive oil is expected to grow at moderate pace, procuring revenues worth just over US$ 11 Bn towards the end of forecast period, 2017-2022.

Once known only to the regions bordering the Mediterranean Sea, the fame and virtues of olive oil have spread far and wide, giving rise to a global market for olive oil products. The first thought that comes to one’s mind is usually immense health benefits of olive oil when used as a cooking oil, but one also can’t ignore the rising applications of olive oil in industries as varied as pharmaceuticals and cosmetics. While Europe might be the largest region largely due to its long heritage in the olive oil market, the fast-growing APEJ region is anticipated to become a driving force in the olive oil market in the long term.

Bad Weather Has Taken a Huge Toll on the Olive Oil Market

The supply in the olive oil market entirely depends on weather conditions in key growing regions in the Mediterranean. Erratic weather in Italy and Spain has drastically affected the olive oil market sending prices through the roof. Olive oil is charged according to the quantity per tablespoon, exactly like other expensive foodstuffs such as caviar. There has been substantial price volatility in the last few years and global production could even reduce because of this. Heat waves witnessed in Italy and Greece and recent floods in Spain have devastated the olive crop. At the same time, demand shows no signs of abating in emerging economies led by China, pointing to challenging times ahead in the olive oil market which is anticipated to reach a value of over US$ 11 billion in 2022.

Smaller Opportunity in the Franchise Segment of Olive Oil Market

The franchise segment represents a market opportunity of less than a fifth by distribution channel in the olive oil market. With a CAGR of 3.3% and a value of a little under US$ 2 billion in end 2022, only players with an effective marketing message can hope to succeed in this segment.

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Online Segment Could be the Future of the Olive Oil Market

The e-commerce boom has not impacted the olive oil market as much as it should have but it is highly likely to do so in the days ahead. Companies that do not devote time to this strategic distribution channel may be left behind in the 21^st century.

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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About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized Food & Beverages Market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

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