Olive oil is a key part of various Mediterranean cuisines such as Greek and Lebanese. Moreover, Spanish, and Italian dishes also notably use olive oil. In the past few decades, these dishes have gained global popularity, thereby boosting the cultivation and demand for olive oil across the world. Other than being a key ingredient in several exotic delicacies, olive oil also offers a plethora of health benefits. Its high omega-3 fatty acid content makes it appropriate for usage by patients with diabetes, and other cardiovascular diseases. Olive fruit oil is also being used for manufacturing dietary supplements and pharmaceuticals. Recent studies have further intensified olive oil’s long list of health benefits. All these factors, coupled with the growing fitness-oriented lifestyle, are also boosting the consumption of olive oil, thereby leading the global olive market to sound fruition.
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Increasing Demand for Organic Olive Oils to Create Novel Opportunities
Of late, raw, natural, and cold-pressed cooking oils have gained considerable traction as a healthier and safer alternative to processed oils. Edible oils are processed minimally, contain no detrimental chemicals, and have high nutritional value. The demand for these virgin and extra-virgin olive oils is also growing due to their favourable fatty-acid profile. Clean flavour and unaltered organic properties are also boosting the sales of cold-pressed virgin olive oil. All these factors are operating in conjunction to elevate the demand for olives as a whole. To this end, the global olive market is projected to grow substantially during the forecast period.
Notable Health Benefits to Sustain Strong Market Growth Momentum
Recently, the growing healthcare and fitness awareness has affected the global olive market positively. Increasing preference for oils and fats containing monosaturated fatty acids (MUFAs) due to their health benefits is changing consumption patterns at large. Recent medical science breakthroughs and clinical studies have suggested that omega-3-rich products such as olive fruit oil are healthy for patients with cardiovascular diseases. Besides, olive also supplies vitamins, antioxidants, and other healthy fatty acids. Consequently, the consumption of olive oil has skyrocketed in the recent past. In addition, the paced demand for several ethnic Mediterranean cuisines with high olive oil usage is creating further growth prospects for the olive market.
Europe to Lead Olive Market on Account of Increasing Olive Production and Consumption
Europe is the biggest producer, exporter, and consumer of olives in all forms. Recently, these numbers grew significantly alongside increasing demand for olives across the world. To this end, Europe is set to stay the dominant force in the olive market during the study period. Increasing health and fitness awareness and widespread demand for exotic diets are expected to sustain this trend. Further West, North America is also showcasing promise due to the high prevalence of lifestyle disorders, and growing fitness, pharmaceutical, and healthcare industries.
Leading Market Entities
Some of the most competitive players in the global olive market include Two Brothers Organic Farms, Eugene Brunel, Servicentral Agrosevilla SL, Adamakis Olives, OliveOilsLand, Bell-Carter Foods, LLC., Mantziolive Hellas, Aceituna Verde SL, Olive Line International, S.L., and OLIVES ESCAMILLA.
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