The new report by Expert Market Research titled, ‘South Asia Olive Oil Market Size, Share, Growth, Scope, Price, Report and Forecast 2023-2028’, gives an in-depth analysis of the South Asia olive oil market, assessing the market based on its segments like type, distribution channels, applications and regions like India, Bangladesh, Pakistan, Sri Lanka, and Nepal.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
The key highlights of the report include:
Market Overview (2018-2028)
Forecast CAGR (2023-2028): 5%
The South Asian olive oil market will be propelled by consistent demand from end-user industries during the forecast period. Olive oil is used in the food and beverage industry, cosmetics and beauty industries, and the pharmaceutical industry.
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The demand for this product is likely to rise as the industry grows. The global market is booming, thanks to consumers’ rising knowledge of the various benefits of olive oil consumption and rapid economic growth.
The people of developing countries are increasingly adopting the western way of life. Olive oil is rich in antioxidants and has a rich supply of monounsaturated fatty acids (MUFAs) since it is naturally extracted from olives harvested from the olive tree, a major component of the Mediterranean diet. It also undergoes the least processing of all edible oils, shielding the body from cellular damage that leads to various health conditions.
South Asia Olive Oil Industry Definition and Major Segments
Olive oil is a liquid fat derived from the fruit of the olive tree Olea europaea (family Oleaceae), which grows in the Mediterranean Basin. The oil is extracted by pressing whole olives.
This can also be used as a salad dressing or in the preparation of fried fish. It can also be used as a source of fuel for conventional oil lamps, as well as in cosmetics, pharmaceuticals, and soap items, and has other religious applications. It also has several health benefits.
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Based on type, the market can be bifurcated into:
- Extra Virgin Olive Oil
- Virgin Olive Oil
- Refined Olive Oil
- Pomace Olive Oil
The distribution channels can be divided as:
The applications of the market are as follows:
- Food and Beverage
- Cosmetic and Personal Care
The regional market can be segmented into India, Bangladesh, Pakistan, Sri Lanka, and Nepal.
South Asia Olive Oil Market Trends
In terms of demand, Asia is one of the most important regions. It imports a large amount of the commodity from countries such as Spain and Italy, which are among the world’s top exporters. Because of the demand structure, the commodity is in high demand in Southeast Asian countries.
The product’s various health benefits as well as an increasing perception of those benefits among consumers in the region, are fueling the high demand. Because of the product’s health benefits, increasing rates of cardiovascular disease and diabetes, especially in India, are driving up demand for it in this region. In the forecast period, demand in the area is expected to continue to rise at a steady pace.
Key Market Players
The major players in the market are Bunge Ltd., Cargill Incorporated, Del Monte Foods Inc., Colavita Spa, Deoleo S.A and others.
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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