Olive Oil Market Size 2021 Analysis By Industry Share, Business Strategies, Emerging Demands, Growth Rate, Recent Trends
Market Highlights Olive oil is a form of fat obtained from the fruit of Olea europaea (olive tree). Olive oil is enriched with healthy fatty acids and it is widely preferred for it properties to prevent heart diseases by maintaining cholesterol levels in the body. It also have moisturizing and exfoliating properties, which leads to it usage in various skincare and personal care products. Based on type , the global olive oil market has been segmented into extra virgin, virgin, refined and others. The extra virgin segment is anticipated to gain the largest revenue share in the global olive oil market and shall maintain lead throughout the forecast period. Extra virgin olive oil is preferred by the health-conscious consumers, as it contains less than 1% of acidity. Moreover, extra virgin olive oil is obtained from cold-press and pure olives, whereas refined oil is a blend of processed oil and cold-pressed oil. This is a crucial determinant that is catalyzing the growth of extra virgin