The global olive oil market has witnessed substantial growth over the past few decades. Olive oil consumption has grown tremendously due to rising health consciousness among consumers and increasing awareness about the health benefits of olive oil. Olive oil is rich in monounsaturated fatty acids and antioxidants which help reduce cholesterol levels and lower the risk of heart diseases. It also has anti-inflammatory properties which help reduce the risk of cancer, diabetes, and neurological disorders. Further, the growth of the foodservice industry coupled with rising disposable incomes in developing countries is fueling the demand for olive oil worldwide.
Market Dynamics:
Some of the major drivers boosting the growth of the global olive oil market include increasing health awareness, rising per capita incomes, and growing demand from the foodservice industry. However, volatile prices of olive fruits owing to uncertain climatic conditions and high production costs involved are expected to restrain the market growth. Meanwhile, new product launches catering to consumer preferences for different varieties of olive oil and expanding retail landscape in developing nations are projected to present lucrative opportunities for market players over the coming years.
Key Features of the Study:
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