Olive oil, an edible oil is being increasingly consumed by people from across the globe. Considering its nutritional value and the taste, olive oil is being consumed by a big pool of the global population. The market offers various types of olive oils such as extra virgin olive oil, light olive oil, pure olive oil, virgin olive oil, olive pomace oil, and refined olive oil. At present, the extra virgin olive oil is the highest quality olive oil, consumed by a majority of health-conscious people. As the extra olive oil carries less than 1% acidity, it has gained popularity across the globe.
By region, the global olive oil market is divided into Europe, Asia Pacific, North America, and Rest of the World. Nations such as the United States and Australia are on the verge of standardization of olive oil on an international level. This would support the consistently rising demand for olive oil. The rising demand for olive oil in Europe and North America is expected to make these two regions two of the most promising markets for olive oil.
Currently, the production of olive oil in countries such as Brazil and India is low. However, consistent efforts are being made by emerging nations to propel their production so as to meet the rising demand.
The report on the global olive oil market highlights key factors driving the growth and factors challenging the market. Factors such as market structure, the feasibility of new projects, current market trends, future projections, and key players operating in the market are measured in the report. A detailed analysis of technological improvements and market trends is carried out by analysts. The report briefs readers about key product segments and also gives a clear picture of the competitive landscape. By using industry-standard tools such as SWOT analysis, strengths, weaknesses, opportunities, and threats of key companies are measured in the report.
Overview of the Olive Oil Market
The consistent demand for olive oil from end-use industries is expected to propel the global market throughout the forecast period. Olive oil finds application in the food and beverages industry, the beauty care and cosmetics industry, and the pharmaceutical industry. The steady growth of these industries is likely to boost the demand for olive oil.
The global market for olive oil is experiencing a considerable growth owing to the rising consumer awareness about the many benefits of consuming olive oil and strong economic growth. Western lifestyle is being increasingly adopted by the population of developed nations. This is credited to be one of the biggest factors driving the global olive oil market.
Companies Mentioned in the Olive Oil Market Report
Some of the companies operating in the global olive oil market are Salov, Borges, Ybarra, Deoleo, and Sovena Group. By offering new olive oil-based products in many regions, these key companies are expected to maintain their dominance throughout the forecast period. Key companies are predicted to face a high level of competition from the new entrants in the years to come.
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:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- 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
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
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?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.