In the whole world, there are only 47 countries that produce olive oil. Nevertheless, it’s in Europe where almost 80% of production is concentrated. It is these increases that prevent production in Mediterranean countries from going down.īut production in countries such as Italy is on the decrease. That’s really incredible!Įvidently the figures are only approximate since olive oil production varies from one year to the next depending on a good number of factors, climate being one of them.Īnd another interesting fact when we analyse olive oil producing countries : Spain is the only country to increase its output year after year. Of the 3,200,000 tons produced annually, our country produces more than 1,600,000. It’s the country which produces more than half of the olive oil produced in the world. In the ranking of olive oil producing countries, Spain occupies first place. Players in the Olive Oil Market adopt many essential strategies.įor instance, in 2020, Deoleo, the world's leading olive oil producer with brands such as Bertolli extra virgin olive oil, leads in biodiversity.There is no doubt that it’s Spain at number one. Some of the market's key players include Deoleo, S.A, Del Monte Foods, Unilever Group, Semapa, Bunge Limited, which continuously research. Key Players in the European Olive Oil Industry However, now with the improved situation the market of Europe Olive Oil is expected to revive in years to come Nationwide lockdown in several countries has resulted in the disruption of trade activities, which has slowed the growth of this industry. The demand and sale of olive oil have observed a sudden slump because of the outbreak of the COVID-19 pandemic. Impact of COVID-19 Pandemic on Europe Olive Oil Industry The growing demand for healthy snacks among users has necessitated manufacturers to incorporate nutrient-rich ingredients such as olive fruit oil to improve the value of the final product Olive oil is widely utilized for the manufacturing of various food products, essentially healthy snacks. In addition, the foodservice sector in Europe used olive oil for salad dressing and preparing cold foods. On the other side, retail has remained one of the most dynamically developing realms that enable olive oil market players to regularly be on their toes to discern their target customers and maintain a customized approach Growing Use of Olive Oil in European Retail and Foodservice Sector Propels Market Growthīesides, the growing awareness regarding the role of olive oil in keeping good health has remarkably raised the demand for various types of olive oil in European retail channels. Besides, European households use extra virgin oil for cooking it is widely used in personal care products like skincare for various purposes such as massages, sports injuries, and to reduce muscle fatigue, among others. The extra virgin oil is projected to exhibit substantial growth in Europe due to its rising utilization in Pharmaceuticals, the cosmetics industry and cooking. Omega-3 and oleic acid in virgin oil help prevent lifestyle-related disorders such as obesity and cardiovascular diseases. Virgin olive oils were the largest consumed oil in 2019, owing to their increasing popularity among customers attributed to the growing awareness regarding their health advantages in Europe. Virgin Olive Oils are anticipated for strong Performance in Forecast Period Italy leads the industry in terms of imports and majorly imports olives from United States, China, Brazil, Japan and Turkey. Greece, Spain, Italy and Portugal are the primary producers and exporters in the region. This is due to olive farming, one of the primary businesses in these countries due to the Mediterranean diet. Spain accounts for almost half of global olive oil production other significant producers are Italy, Greece and Portugal. Spain is the leading Producer, Exporter and Consumer of Olive Oil One of the major factors supporting the development of the olive oil market is the expanding interest in natural, cold-pressed and raw oils attributed to their safer and healthier counterparts. Maintaining overall fitness and wellness by shifting to healthier oil alternatives mainly drove the market's growth. 02, 2021 (GLOBE NEWSWIRE) - The "Europe Olive Oil Market Forecast 2021-2027, Industry Trends, Share, Insight, Growth, Impact of COVID-19, Opportunity Company Analysis" report has been added to 's offering.Įurope Olive Oil Market will be US$ 7.35 Billion by 2027 from US$ 3.86 Billion in 2020, growing at aCAGR of 9.64% during 2020-2027įurther, the olive oil industry is experiencing robust growth in Europe primarily due to the increasing demand for olive oil across the food service and retail channels.
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