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The South Asia olive oil industry is expected to grow at a CAGR of nearly 5% in the forecast period of 2024 and 2032.
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Asia is one of the leading regions in terms of consumption. It imports a significant volume of the product from countries like Spain and Italy, which are among the major exporters of the product globally. The demand for the product in the South East Asian countries is thriving due to the excessive demand. The excessive demand is being fuelled by the numerous health benefits of the product and the rising awareness of the same among the consumers in the region. The rising rates of cardiovascular disease and diabetes, especially in India, is leading to an increased demand for the product in the region, owing to its health benefits. The demand in the region is expected to continue growing at a steady rate in the forecast period as well.
Olive oil refers to a liquid fat extracted from the typical Mediterranean Basin tree olive seed, the fruit of Olea europaea; family Oleaceae. The oil is extracted with full olives pressed. This is also used as a salad dressing or for frying fish. It can also be used as fuel for traditional oil lamps in cosmetics, pharmaceuticals, soap products and has more uses in certain faiths. It also has numerous health benefits.
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Based on type, the market can be divided into:
The distribution channels can be segmented as follows:
It finds applications in the following:
The regional market can be divided into India, Bangladesh, Pakistan, Sri Lanka, and Nepal, among others.
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During the forecast period, steady demand from end user industries would propel the South Asia olive oil market. Food and drink business, cosmetics, and beauty sectors and the pharmaceutical industry refer to olive oil. This industry's continued growth would probably increase the demand. Due to the increasing perception of consumers of the various advantages of consuming olive oil and rapid economic growth, the global market is growing strongly. The population of developing countries is gradually embracing the western lifestyle. Since olive oil is naturally extracted from olives obtained from the olive tree, a major component of the Mediterranean diet, the oil is rich in antioxidants and has a rich source of monounsaturated fatty acids (MUFAs) as it Undergoes the least processing amongst other edible oils, protecting the body from cellular damage that may otherwise lead to several diseases and health conditions. This factor is boosting the olive oil market.
The report gives a detailed analysis of the following key players in the South Asia olive oil market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by Distribution Channel |
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Breakup by Application |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The South Asia olive oil market is likely to grow at a CAGR of 5% in the forecast period of 2024-2032.
The major market drivers are rising disposable incomes, increasing population, and the surging usage of olive oil in the food and beverage, cosmetics and personal care, and pharmaceutical sectors.
The increasing consumer awareness regarding the health benefits of olive oil, the increasing prevalence of cardiovascular issues, and rising health consciousness are the key trends augmenting the market for olive oil.
India, Pakistan, Bangladesh, Sri Lanka, and Nepal, among others, are the major regions in the market.
The major types of olive oil are extra virgin olive oil, virgin olive oil, refined olive oil, and pomace olive oil, among others.
Retail and institutional, among others, are the various distribution channels in the market.
The significant applications of olive oil are food and beverage, cosmetic and personal care, and pharmaceuticals, among others.
The leading players in the market are Bunge Ltd., Cargill, Incorporated, Del Monte Foods, Inc, Colavita Spa, and Deoleo, S.A., among Others.
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