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COVID-19 Impact Affects Olive Oil Market Globally in 2020

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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,


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.  


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


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.


Use of Olive Oil to Fuel its Demand Worldwide

The wide use of olive oil in medicines,

cosmetics, and cooking is likely to create growth opportunities by 2026. It

contains oleic acids and some fatty acids such as linoleic acid (21%) and

palmitic acid (20%). These acids offer several health benefits which include

enhancing metabolism by reducing inflammation. The rising use of this oil for

culinary use is contributing to the growth of the market. Governments around

the world are conducting initiatives to support the consumption of this

nutritional oil, which is further expected to help market flourish. On the other

side, fluctuations in olive oil prices may hamper the growth of the market.

Additionally, the lack of advanced technologies required for the extraction of

this oil is expected to restrict the market growth to an extent.


per product types, virgin oil is expected to register higher growth in the

forecast years on account of its rising demand from cosmetics and chemical



Oil Company and Morocco Gold Launched Extra Virgin Olive Oil in the UK

Leading players in the olive oil market are

continuously focussing on to develop innovative products for different

industries, aiming to maintain their prominence.  Companies such as Almazaras de la Subbetica,

Muela Olives S.L., and Sucesores de Hermanos Lopez S.A, received an award by

the World’s Best Olive Oils (WBOO) Organization. These companies produce the

highest quality olive oil and are likely to contribute to the growth of the

market. Some of the other significant developments made by companies



More Insights into the Olive Oil Market Research Report