A fresh study, covering “Olive Oil Market Forecast, Trend Analysis & Competition Tracking - Global Review 2017 to 2022” has been broadcasted to wide online repository of Fact MR, which presents deep focus on the food & beverages market. This smart study contains precise data that offers a clear insight about market current scenario and future projections for the benefit of readers. Moreover, the study enclosed significant data which tends to make the research a powerful source for analysts and industry experts who are looking to gain necessary knowledge about the prevailing market trends, opportunities and drivers present in the olive oil market.
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According to the report published by Fact.MR, the global market for olive oil is expected to grow at moderate CAGR, raking revenues worth over US$ 11 Bn by the end of 2022. A few of the projections from Fact.MR’s report on the global olive oil market have been highlighted below to give you an understanding of the current as well as future growth opportunities –
1- The processed segment dominates the olive oil market by product type and it is anticipated to remain so for the foreseeable future. With a revenue share approaching three fourth of the olive oil market, it wouldn’t be surprising if key players decided to focus their attention exclusively on this product type. Europe accounts for the largest regional contribution of approx. 1/3rd which works out to just over US$ 2.4 billion in 2022.
2- The virgin segment of the olive oil market is much smaller than its processor brethren and it occupies the remaining portion of the olive oil market by product type. Along with Europe, major companies involved in the olive oil market could seek to target the APEJ region as it is just slightly smaller than Europe in terms of revenue contribution with a value almost touching US$ 700 million in 2017 itself.
3- The food processor segment occupies a comparative niche in the olive oil market with a revenue share just approaching a quarter in terms of end user segment. A moderate CAGR for the period 2017-2022 means that this segment needs a customized approach to be truly successful in. Europe is on track to record the highest CAGR for the period which should help it be worth just under a billion dollars by end of 2022.
4- The E-commerce boom is expected to bring about sweeping changes across diverse industries in the near future and the olive oil market should be no different. As Internet connectivity improves in emerging markets and the cost of data-centric smartphones plummets, consumers will certainly seek to purchase olive oil from the comfort of their homes. A revenue share of just over a fifth is hardly indicative of the immense potential this distribution channel of the olive oil market holds in the long term.
5- The Mediterranean Basin is the original home of the olive tree and therefore it isn’t surprising that Europe is the largest regional contributor in the olive oil market. A market value pushing past US$ 3 billion at the end of the forecast period promises ample opportunities for all players. Within this region, companies might look at targeting the processed segment as it is poised to record a steady CAGR according to this five-year study.
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