Olive Vegetable Water: Market Outlook

The demand for organic food products is at its peak in the global food and beverages market, which has led the vegetable and fruit growers to opt for organic fertilizers. Food wastes are generally used in the organic fertilizers to increase the total yield of the agricultural products obtained. To cater to the demand of organic fertilizers in the market, farmers are focusing on various industrial byproducts to use as biofertilizers. In the global biofertilizer market, olive vegetable water is becoming one of the preferred organic fertilizers options among the farmers. Olive vegetable water contains a large number of essential nutrients which increase the mineral content of the soil. In a study, conducted by a group of farmers, it had been observed that using olive vegetable water as a source of fertilizer has significantly increased the yield of crops. It has been observed that using olive vegetable water with other organic fertilizers, the yield increased by 35-40%. In the global olive vegetable water market, Europe and North America hold the major share in production and consumption of olive vegetable water owing to the increasing trend of organic food consumption among the population. In addition, more than 70% of olive oil mills are present in the European regions, due to which the availability of olive vegetable water among the farmers and growers is convenient. With the increasing demand for olive vegetable water among the food growers, it can be anticipated that the demand for olive vegetable oil will increase over the forecast period.

The increasing demand for Olive Vegetable as Biofertlizers

Olive vegetable water is the byproduct obtained during the processing of virgin olive oil by mechanical process and contains a high amount of organic matter, around 5-20% which is mainly used in spreading over the cultivated soil. The high organic content includes sugar, polyalcohol, tannins, polyphenols, pectin, lipids, and many other trace elements. The disposal of the olive oil byproduct mainly olive vegetable water is one of the major concern among the olive oil processors. Despite various existing laws, the disposal of olive vegetable water is done in an uncontrolled way. To reduce the environmental burden, olive vegetable water are gaining recognition as biofertilizers. On the other hand, the avoidance of chemical fertilizers in farming has significantly fueled the demand for organic fertilizers and olive vegetable water has shown the potential to be a good alternative as organic fertilizer. In addition, increasing health consciousness among the consumers has raised the demand for organic food ingredient which abreast the increasing demand for organic food products in the market. On the other hand, food and beverage manufacturers are funding farmers to go for organic farming, which also increases the demand for olive vegetable water. According to data published by Eurostat, the total share of organic area utilized in agriculture is 7.0% and expected to increase over the forecast period with high growth rate, making enough space for the growth of olive vegetable water in coming future.

Want to know the obstructions to your company’s growth in future? Request a brochure here

Olive Vegetable Water: Market Opportunities

Olive vegetable water offers farmers an effective and ergonomic technique to supply nutrients for the plants, overhauling the issue of using solid manure, which takes soil a considerable time to absorb the nutrients. Such valuable factors are likely to boost the growth of the olive vegetable oil market. The application of the olive vegetable water market is also supported through the consensus of the scientific community. In agreement with the Italian government, a study proved that the production volume increased after the spread of olive vegetable water over the soil cultivated with grape and maize. Apart from all the above-mentioned factors, increasing awareness among the farmers about the benefit of olive vegetable oil in organic farming will also contribute to the growth of olive vegetable water in coming years. 

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
  • Europe
  • 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.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Olive Vegetable Water Market

Pre Book