DUBLIN, November 01, 2021– (BUSINESS WIRE) – The report “Europe Olive Oil Market Forecast 2021-2027, Industry Trends, Share, Overview, Growth, Impact of COVID-19, Business Analysis opportunity “has been added to ResearchAndMarkets.com offer.
The European olive oil market will reach $ 7.35 billion by 2027, up from $ 3.86 billion in 2020, with a CAGR of 9.64% in 2020-2027
In addition, the olive oil industry is experiencing robust growth in Europe, mainly due to the growing demand for olive oil in the restaurant and retail channels.
Maintaining overall fitness and well-being by switching to healthier oil alternatives has primarily driven the growth of the market. One of the major factors supporting the development of the olive oil market is the growing interest in natural, cold-pressed and raw oils attributed to their safer and healthier counterparts.
Spain is the leading producer, exporter and consumer of olive oil
Spain represents almost half of the world olive oil production; the other important producers are Italy, Greece and Portugal. This is due to olive growing, one of the main activities of these countries due to the Mediterranean diet. Greece, Spain, Italy and Portugal are the main producers and exporters in the region. Italy leads the industry in terms of imports and mainly imports olives from the United States, China, Brazil, Japan and Turkey.
Virgin olive oils expected to show strong performance over the forecast period
Virgin olive oils were the most consumed oil in 2019, due to their growing popularity among customers, attributed to the growing awareness of their health benefits in Europe. The omega-3s and oleic acid in virgin oil help prevent lifestyle disorders such as obesity and cardiovascular disease.
Extra virgin oil is expected to experience substantial growth in Europe due to its increasing use in pharmaceuticals, cosmetics and cooking. In addition, European households use extra virgin oil for cooking; It is widely used in personal care products like skin care for various purposes such as massage, sports injuries and to reduce muscle fatigue among others.
Growing use of olive oil in the European retail and food service industry is propelling market growth
In addition, the growing awareness of the role of olive oil in maintaining good health has remarkably increased the demand for various types of olive oil in European retail channels. On the other hand, retail has remained one of the most dynamic areas that allow players in the olive oil market to be regularly on their toes to discern their target customers and maintain a personalized approach. .
In addition, the catering industry in Europe used olive oil for dressing and preparing cold foods. Olive oil is widely used for making various food products, mainly healthy snacks. The growing demand for healthy snacks among users has forced manufacturers to incorporate nutrient-dense ingredients such as olive oil to enhance the value of the end product.
Impact of the COVID-19 pandemic on the European olive oil industry
Demand for and sale of olive oil has seen a sudden drop due to the outbreak of the COVID-19 pandemic. Nationwide lockdowns in several countries have resulted in disruption of business activities, which has slowed the growth of this industry. However, with the improvement of the situation, the European olive oil market is expected to revive in the coming years.
Key players in the European olive oil industry
Some of the major players in the market include Deoleo, SA, Del Monte Foods, Unilever Group, Semapa, Bunge Limited who are continuously researching. There are many essential strategies adopted by the Olive Oil market players.
For example, in 2020 Deoleo, the world’s leading producer of olive oil with brands such as Bertolli extra virgin olive oil, leads the way in biodiversity.
Del Monte Foods
Analysis of olive oil volume in Europe
Country – Olive oil production volume
Type – Distribution of the world olive oil market from 3 points of view
Industry – Global olive oil market split from 4 points of view
End user – Global olive oil market split from 3 points of view
All key players were covered from 3 points of view
For more information on this report, visit https://www.researchandmarkets.com/r/lbcda1
View the source version on businesswire.com: https://www.businesswire.com/news/home/20211101005753/en/
Laura Wood, Senior Press Director
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