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[February 22, 2014]
Global Olive Oil Market: Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2013 - 2019
(PR Web Via Acquire Media NewsEdge) Albany, New York, USA (PRWEB) February 22, 2014 Olive trees, from which olive oil is extracted, are generally found in the Mediterranean countries such as Spain, Italy and Greece. This oil is commercially manufactured by grinding olives and extracting the oil from the olives it by chemical or mechanical process. Common uses of olive oil are in making soaps, pharmaceuticals, cooking and cosmetics. The different product types of olive oils are extra virgin olive oils, virgin olive oils, refined olive oils and other miscellaneous varieties, depending on the method of extraction.
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The increasing demand for olive oil in developing countries like India, China and Brazil is one of the primary drivers. This is owing to the strong economic growth and increasing awareness of health benefits among consumers, coupled with a greater exposure to the western lifestyle, there seems to be an upward trend in consumption of olive oil. In addition, countries like USA and Australia are developing a national standard for grading olive oil. The global standardization of olive oil is attracting more consumer demand for the product.
Olive oil production is limited to only some specific countries that fall under the Mediterranean belt such as Spain and Italy among others. Pricing of olive oil fluctuates when production or cultivation gets affected. This is one of the primary restraints for the olive oil market. Malpractice of some producers to supply lower grade or adulterated oil olive in the form of the purer extra virgin version and arising due to unclear grading parameters is another main restraint for olive oil. In addition, many retail suppliers cannot afford the expensive testing fees for their products.
There is an increasing demand of good quality olive oil in developed regions of Europe and North America. Countries such as Brazil and India have very low output in terms of olive oil production. Determined efforts are being made by such countries to increase production by using advance technology in agriculture and production. In addition, a tie-up between international olive oil producing companies and local distributors in the Brazilian and Indian markets may further promote the olive oil market in these regions.
Some of the key manufacturers of olive oil are Deoleo, Colavita, Salov, Pompeian, Borges, Sovena Group and Ybarra among others.
This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include: North America Asia Pacific Europe Rest of the World This report provides comprehensive analysis of: Market growth drivers Factors limiting market growth Current market trends Market structure Market projections for upcoming years This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
Related Report: Sugar Confectionery Market
Reasons for Buying this Report This report provides pin-point analysis for changing competitive dynamics It provides a forward looking perspective on different factors driving or restraining market growth It provides a technological growth map over time to understand the industry growth rate It provides a seven-year forecast assessed on the basis of how the market is predicted to grow It helps in understanding the key product segments and their future It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments It provides distinctive graphics and exemplified SWOT analysis of major market segments Browse Blog:
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