(MENAFN - Market Press) The global olive oil market size will grow by 485.64 thousand tonnes during 2019-2023 at a CAGR of 3% with culinary usage segment having the largest market size. Olive oil market analysis indicates the health benefits of olive oil will drive growth. Packaging innovations will also impact olive oil industry growth in olive oil.
The rising use of olive oil in different sectors is anticipated to boost the growth of the olive oil market.
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The demand for olive oil is growing at a rapid pace across the world, mainly due to its health benefits. Olive oil is a unique and tasty alternative to conventional edible oils. The consumption of olive oil reduces inflammation as it is a rich, concentrated source of monosaturated fat called the oleic acid. It also protects against type 2 diabetes and is an effective treatment for rheumatoid arthritis. Such health benefits of olive oil are expected to significantly drive the growth of the global olive oil market size during the forecast period.
Olive oil is also being used for various applications across different sectors. They are used for consumer products such as skin care creams, hair oils, snacks, daily products, and others. Pharmaceutical manufacturers are increasingly incorporating olive oil in medicines, owing to its health benefits. Thus, the growing use of olive oil in different sectors will fuel the growth of the market during the forecast period.
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The report includes detailed profiles of the leading companies & prominent vendors of the market:
•BORGES INTERNATIONAL GROUP
Market Segmentation by Application:
The olive oil market can be broadly categorized into the following segments:
Key Regions for the Olive oil Market:
Featuring a breakdown of region-wise market shares until 2019.
Some of the key topics covered in the report include:
•Market segmentation analysis
•Market size and forecast
•Market positioning of vendors
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