A new market research report by Transparency Market Research, titled “Olive Oil in Food and Beverages (Virgin Olive Oil, Refined Olive Oil, Extra Virgin Olive Oil) Market - Global Industry Analysis, Size, Share, Trends and Forecast 2015 – 2023,” provides a detailed evaluation of the market for olive oil and the use of olive oil in the industry of food and beverages.

The report presents extensive research and includes relevant data, evaluation of market shares, prime trends, drivers, inhibitors, and challenges in the market for olive oil. The consumption and production of olive oil globally also form an important part of this study. The report also highlights the prime promotional activities conducted by numerous agencies globally for increasing public awareness about the health benefits of olive oil. The report comprises market entry strategies for players looking to penetrate in the market. The export and import dynamics as well as the production and consumption of olive oil globally in the forecast period have also been elaborated upon in this research study.

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According to the report, the benefits related to the use of olive oil such as reducing cancer risk, prevention of osteoporosis, and lowering the chances of cardiac diseases make it a prime ingredient in Mediterranean cuisine, thus boosting the overall growth of the market. The report states that olive oil is used in various applications such as pharmaceuticals, soaps, and cosmetics. However, the demand for olive oil within the food and beverage industry is the highest, especially within Asia Pacific and North America, thus fuelling the overall market.

On the other hand, as per the report, factors such as the limited availability of conditions suited for the production of oil olive have emerged as a key restraint on the market. Olive oil is only being majorly produced in Mediterranean countries such as Italy and Spain and this is why the market is expected to undergo price fluctuations worldwide.

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In terms of type, the report segments the market into refined olive oil, virgin olive oil, and extra virgin olive oil, among others. The varieties of olive oil are graded in terms of the chemical treatment and extraction methodology used on it. In terms of geography, the global olive oil market is segmented into Europe, North America, Asia Pacific, and Rest of the World (RoW). Amongst these, Europe held the largest share in the market in 2015 due to the presence of prime production facilities within countries such as Greece, Italy, Spain, and Turkey, among others. Amongst these, Italy and Spain alone constitute a share of over 55% in the market. On the other hand, within North America, the U.S. emerged as a major olive oil consumer. Asia Pacific is poised to be the most swiftly developing market for olive oil in the coming years.

As stated in the report, the chief players in the market are Deoleo, Salov, Borges, Sovena Group, Pompeian, Ybarra, and Colavita, among others.