Extra Virgin Olive Oil Market Analysis, Key Players Review and Expected to Grow at CAGR of 6.3%, 2023

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Global Extra Virgin Olive Oil Market Information: by Processing Type (Cold Pressed, Flavored, Virgin, Blended and others), Application (Cooking, Cosmetics, Pharmaceutical and Fuel), Distribution Channel (Store Based and Non-Store Based) and Regions - Forecast to 2023

Market Overview:
Extra Virgin Olive Oil, extracted by the cold pressed process, i.e. without chemical intervention, is the purest form of Olive Oil, offering a range of health benefits. High on monounsaturated fat content, Extra Virgin Olive Oil also contains, Vitamin E along with the polyphenols, Omega-3 & Omega-6 fatty acids.  Due to its nutritional values, it is consumed to get the benefits as antioxidants, to reduce the oxidative stress, risk of heart diseases, to increase brain power & to enhance the health of skin & hair. 

Owing to the changing consumer preference towards including different nutritional sources to their diet; Extra Virgin Olive Oil market is growing by leaps & bounds. Besides Extensive inclusion of this oil in the food for nutritional values is presaging towards the heyday the market is witnessing today. The global Food & Beverages market is opening new avenues of opportunities for the market.

Other factors supporting the market growth include growing urbanization and globalization that is allowing people to come together further encouraging them to learn each other’s trends for food/ attire etc. Growing ecological concerns are prompting the need for sustainable food options that have the lower impact on the environment.  While other oil extracting options are proving to be costlier, leaving the negative impact on the environment & human health equally, (in terms of use of electricity, the extensive use of chemicals etc.); Extra Virgin Olive Oil is far more economical ruling out the need for electricity & chemicals.  Besides the cold press process provides employment in the rural and urban areas.

Conversely, factors such as the absence of regulatory laws and the limited availability of product are expected to restrict the market growth over the review period. Nevertheless, efficient farming techniques developed by the market players which are effectively increasing the production of olives is estimated to provide impetus to the market growth during the forecast period.

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Competitive Analysis:
The Extra Virgin Olive Oil market is fiercely competitive with the presence of several large and small players operating in the market. Growth in terms of product innovations and technologies in the market are also expected to create strong investment opportunities for the global players. Focused on improving their market performance, the market players are acquiring promising companies to expand in the fast-growing markets.

Salov North America Corp (US), Agro Sevilla Group (Spain), Star Fine Foods (US), Deoleo (Spain), Borges USA, Grupo Ybarra Alimentación (Spain), Carapelli Firenze S.p.A (Italy) and Sovena (Portugal) are some of the prominent players profiled in MRFR Analysis and are at the forefront of the competition in the Global  Extra Virgin Olive Oil Market.

Industry/ Innovation/ Related News:
April 02, 2018 – A team of Spanish Researchers from the University of Córdoba & AA1, Department of Nutrition & Food Science, University of Vigo published their findings of a study they carried out collaborating together. Researchers examined two olive varieties, Brava and Mansa especially grown in Galicia, a region in Spain’s northeast. The study was basically about to help the olive trees in Galicia, to establish their identity and determine their genetic relationship to other olive cultivars in the Iberian Peninsula. However, the study was later led to the astonishing findings that evaluated the therapeutic properties of Galicia’s Brava and Mansa extra virgin olive oils. The extracted healthful compounds in the oils called polyphenols, were tested & found to be capable of preventing enzymes associated with neurodegenerative conditions like Parkinson’s disease, Alzheimer’s disease, and major depressive disorder.

Market Segments:
Global Extra Virgin Olive Oil Market is segmented into 4 Key dynamics for an easy grasp and enhanced understanding.

By Processing Types: Comprises - Cold Pressed, Virgin, Flavoured, & Blended among others.

By Applications:  Cooking, Cosmetics, Pharmaceutical and Fuel among others.

By Distribution Channels: Store Based & Non-Store Based among others. 

By Regions: North America, Europe, APAC and Rest of the World.

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Regional Analysis:
Attributing to the extensive demand from the burgeoning industries like F&B, Pharmaceuticals, and Personal care products coupled with the increasing consumer awareness about health benefits the extra virgin olive oil offers, the Europe market is expected to continue with its dominance in the global market followed by the markets of North America, & Asia Pacific respectively, over the forecast period (2017-2023). Spain & Italy among other European countries, stand the largest olive oil producing countries.

The North America market is expected to register a fabulous growth owing to the new product development by the key manufacturers of extra virgin olive oil.

On the other hand, the Asia Pacific region is projected to perceive an outstanding growth in the global Extra Virgin Olive Oil market over the assessment period 2017-2023.

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