Global Aromatic Olive Oils Market: Overview

Olive oils are one of the major constituents in the Mediterranean diet and are evaluated on the basis of its fruity, bitterness and peppery content, thus offering broad spectrum for the players investing in the market. However, the pungent smell of the olive oils acts as a reluctant factor for its adoption among consumers in few regions. In order to mask the pungent smell, aromatic olive oils have been introduced, which are gaining significant popularity among the consumers. Though the flavours, aroma, taste of the olive oils depend upon various factors such as maturity of the olives, region of its cultivation, its processing age among others. As escalated demand for aromatic olive oils is being witnessed among the consumers, which has further led to the introduction of varied aroma types by the olive oil manufacturers.

The tantalising and exclusive aroma of aromatic olive oils is due to the occurrence of a large number of chemical compounds. Phenolic compounds have substantial effect on the olive oil aroma. Also, the aromatic component in the aromatic olive oils is due to the enzymatic activity of the volatile flavoured compounds that are formed in the olive fruit. Thus, the quality of the processing of the olive oils plays a significant role in its taste and aroma. Along with the ethnicity of aroma, aromatic olive oils are also rich in Vitamin E and D.

Global Aromatic Olive Oils Market: Drivers and Restraints

Due to various curative properties of olive oils especially for diabetic and heart disease patients, it has gained vital importance in the global edible oils market. The aromatic component of olive oils also impart psychological therapeutic effects apart from curatives benefits. Thus upwelling the growth of aromatic olive oils market. However, immense precision and care is required in the processing of aromatic olive oils. As the aromatic component is volatile in nature such as aldehydes and esters, it may decompose off at high temperature during the milling process. Various yielding process also results in the reduction of aroma in the aromatic olive oils. Thus a lot of maintenance is required in the process of harvesting and extracting the aromatic olive oils. These factors hinder the growth of aromatic olive oils market. The age and storage conditions have significant role to play, as with age the aromatic content starts decreasing and if not kept under cool and dry storage conditions, the aromatic compounds may fickle. Furthermore, the desired concentration of aromatic content is obtained at optimal maturity stage of the olive fruit.

Global Aromatic Olive Oils Market:  Segmentation 

On the basis of aromatic compounds, global aromatic olive oils market is segmented into:

  • Aldehydes
  • Alcohols
  • Esters
  • Hydrocarbons
  • Ketones
  • Furans
  • Others

On the basis of flavours, global aromatic olive oils market is segmented into:

  • Lemon Rind
  • Soya and Ginger
  • Fresh Basil
  • Fried Garlic
  • Black Olives
  • Others

On the basis of sales channel, global aromatic olive oils market is segmented into:

  • Wholesalers
  • Retailers
  • Supermarkets
  • Hypermarkets
  • Online Retail

Global Aromatic Olive Oils Market:  Region wise Outlook

The global aromatic olive oils market is distributed into seven regions, namely Latin America, Western Europe, North America, Japan, Asia Pacific excluding Japan (APEJ), Eastern Europe and Middle East and Africa (MEA). Europe is the leading player in the aromatic olive oils market. Among which Spain and Italy account for largest share as producers as well as exporters of aromatic olive oils. In North America region, US is the third largest consumer of aromatic olive oils. The market of aromatic olive oils is witnessing tremendous growth in Asia Pacific region as consumers have recognised the associated health benefits of olive oils. India and China witness increased demand for aromatic olive oils, as consumers are preferring aromatic olive oils as cooking oil. 

Global Aromatic Olive Oils Market:  Key Players

  • Moulin À Huile Paschetta Henry
  • Borges Branded Foods SLU
  • Karaagac Olive Oil Ltd. Co.
  • GAEA

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

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  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

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Below is a snapshot of these quadrants.

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The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

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Aromatic Olive Oils Market

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