South Asia Olive Oil Market Report and Forecast 2024-2032

South Asia Olive Oil Market Outlook

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.

Market Segmentation

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:

• Extra Virgin Olive Oil
• Virgin Olive Oil
• Refined Olive Oil
• Pomace Olive Oil
• Others

The distribution channels can be segmented as follows:

• Retail
• Institutional
• Other

It finds applications in the following:

• Food and Beverage
• Cosmetic and Personal Care
• Pharmaceuticals
• Others

The regional market can be divided into India, Bangladesh, Pakistan, Sri Lanka, and Nepal, among others.

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Rising Demand from End User Industries to Boost the South Asia Olive Oil Market

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.

Competitive Landscape

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:

• Bunge Ltd.
• Cargill, Incorporated
• Del Monte Foods, Inc
• Colavita Spa
• Deoleo, S.A.
• Others

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.

Key Highlights of the Report