New York, Jan. 18, 2023 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Olive Oil Market, Size, Global Forecast 2023-2028, Industry Trends, Growth, Share, Outlook, Impact of Inflation, Opportunity Company Analysis” – https://www.reportlinker.com/p06381994/?utm_source=GNW
As per our research findings, Global Olive Oil Industry will grow at a CAGR of 6.48% from 2022 to 2028.
Moreover, rising awareness among consumers regarding health benefits and massive demand for olive Oil in different industries like food & beverages, personal care products, and the pharmaceutical industry has significantly driven the market. However, High costs and climate and economic problems create the biggest challenges for the olive oil market’s growth.
Olive oil consumption has changed significantly in the EU 27
By Consumption, the Olive oil industry has been classified into eleven parts EU-27, Turkey, Morocco, Tunisia, Syrian Arab Republic, Algeria, Argentina, Lebanon, Jordan, Chile, and Others. EU-27 captured the largest market share due to increasing per capita income; useful in skin care products, helps reduce the risk of heart disease and cancer like breast and colorectal cancer, and mainly drives the market.
In the EU, Italy and Spain are the largest consumers of olive oil, with annual consumptions of around 500,000 tons each. At the same time, Greece has the most extensive EU most significant pitta consumption, with about 14/per person per year.
Furthermore, Olive…
