COVID-19 Impact Affects Olive Oil Market Globally in 2020

January 4, 2021

Olives are the traditional tree crops of the Mediterranean Basin. The rising consumption of olive oil in developing as well as developed nations is expected to drive the global olive oil market in the forecast years. Olive oils have several health benefits and are considered as a healthier option to fatty acids. These oils have anti-inflammatory properties and contain antioxidants, thereby protecting against heart diseases and obesity. Spurred by these health benefits, the demand for olive oils is expected to increase in the forthcoming years.

Fortune Business Insights offers a detailed overview of the global market in a report, titled “Olive Oil Market Size, Share & Industry Analysis, By Product Type (Virgin olive oil, Refined, Pomace), By Application (Food and Beverages, Pharmaceuticals, Cosmetics & Personal Care), By Distribution Channel (Convenience Stores, Online, Specialty Stores, Drug Stores, Hypermarkets/Supermarkets, Retail) and Regional Forecast, 2019-2026.”

The report provides a detailed overview of the overall market landscape, aiming to help key players build business strategies. These strategies will further help companies to stay ahead of the competition. In addition to this, it analyzes some of the latest trends prevalent in the market, helping our readers to gain valuable insights into the olive oil industry. Last but not least, the report gives a detailed overview of the competitive landscape and profiles of key players.

Increasing Health Consciousness to Drive Market in Europe

Among regions, Europe is expected to dominate the global olive oil market through the forecast years. The growth us ascribable to the rising usage of olive oil in households. People in the region are increasingly becoming health conscious and focussing on consuming healthier products. Spurred by this, the market is expected to rise at a higher CAGR in Europe in the forthcoming years. Industries such as pharmaceuticals, cosmetics are growing at a rapid rate, surging demand for olive oil products across the region.

Countries such as Greece, Syria, Spain, Italy, and Tunisia are the highest contributors to this oil. Among these, Spain is one of the largest producers and exporters for olive oil in the world. Moreover, countries such as France, Portugal, Australia, U.K., China, France, and the U.S. are the largest importers of olive oil from Spain.  Other regions such as North America, Asia Pacific, and the Middle East and Africa are expected to rise at a considerable rate in the years to come.


Gain More Insights into the Olive Oil Market Research Report


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