Extra Virgin Olive Oil Market Future Innovations And Global Key Players | Foreseen Till 2024

Extra Virgin Olive Oil Market Scenario:

The global extra virgin olive oil market 2020 is poised to grow at a significant rate of 6.2% over the review period (from 2019 to 2024) and secure revenue generation of USD 2.3 billion by 2025. 

Segmental Analysis

The global extra virgin olive oil market has been analyzed into the distribution channel, packaging material, Application, and region.

Based on Packaging Material, the market has been segmented into Glass, Plastic, Metal, Others

Based on the Application the market has been divided into Culinary, Cosmetics, Pharmaceuticals, and Others

Based on Distribution Channel, the market has been segmented into Store Based, and Non-Store Based.

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Competitive Dashboard

The eminent market players of the global market are Star Fine Foods – Borges USA (US), Miguel Gallego SA (Spain), DEOLEO (Spain), Carapelli Firenze S.p.A (Italy), Jindal group (India), Salov S.p.A. (US), Tous droits réservés à Gallo (Portugal), Borges Mediterranean Group (Spain), Grup Pons (Spain), Aceites La Masía (Spain), Del Monte Foods, Inc. (US), Maeva Group LLC (US), Nutrinveste SGPS, SA. (Portugal), Agro Sevilla Group (Spain), Jaencoop Group (Spain).

Regional Overview

The world demand for extra virgin olive oil is segmented into North America, Europe, APAC and the Rest of the World (RoW).

Owing to the strong visibility and acceptance by the consumers of a balanced lifestyle, the global dietary market is heavily dominated by North America and Europe.

During the forecast era Europe is predicted to lead the extra virgin olive oil market. The involvement of renowned olive oil companies, such as Borges Mediterranean Group, Agro Sevilla Group, Miguel Gallego SA, Deoleo, and Carapelli Firenze S.p. A, is catalysing the development of the region’s extra virgin olive oil industry. In many packaged food products extra virgin olive oil is used as an ingredient by food processing industries. Growing consumption of processed foods and beverages is expected to trigger growth in the region’s extra virgin olive oil market over the forecast period.

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During the forecast period Asia-Pacific is predicted to record the highest CAGR on the extra virgin olive oil market. APAC is the fastest growing market in the country, owing to shifting habits and increased disposable income. In developing countries, the consumption of extra virgin olive oil is expected to rise at a fast pace in the coming years. Furthermore, growing recognition among consumers of the health benefits of extra virgin olive oil propels regional development further.

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