India Olive Oil Market Overview:
Olive oil is the liquid fat derivative obtained from olives, which is a traditional tree crop of the Mediterranean Basin. It is native to the Mediterranean regions and is especially found in Spain, Italy, and Greece. The composition of olive oil varies with altitude, time of harvest, and extraction process. It has a low smoke point of 240°C and hence can be consumed raw. This oil is primarily used for cooking, cosmetics, and pharmaceutical applications. It mainly consists of oleic acid, with the smaller amount of fatty acids including linoleic acid (up to 21%) and palmitic acid (up to 20%). Olive oil consumption is often considered healthy as it is associated with a lower risk of heart disease and certain cancers including colorectal and breast cancer. It is also a good source of monounsaturated fatty acid and antioxidants such as polyphenols, vitamins E & K, chlorophyll, and carotenoids. The nutritional value and taste associated with olive oil have raised its demand among the consumers. It has a wide range of application in the food and cosmetics industries.
In addition, the health benefits associated with olive oil are expected to increase the demand for India olive oil market in the coming years. Virgin olive oil segment has dominated the market due to its chemical free processing techniques and dense nutritional content. Furthermore, growing acceptance of olive oil in culinary uses is expected to increase the demand for the olive oil market in food and beverage applications. Moreover, personal care products are blended with olive oil extracts and have gained market acceptance due to the skin benefits associated with it. Increase in purchasing power and rise in aspiration among the lower- and middle-class society in the nation and industry players coming out with products and pricing to suit consumes across different levels of purchasing power drive the growth of the India olive oil market for personal care. However, limited production of olives in India coupled with fluctuations in olive oil prices have hindered the market growth but increase in demand for olive oil for cooking is expected to provide lucrative opportunities for the growth of the India olive oil market.
The report on the India olive oil market is segmented based on type which includes virgin, pomace, and refined olive oil. On the basis of application, the market is segmented into food, beverage, personal care, and pharmaceuticals segments. The personal care segment is expected to have the largest share in the application segment. The factors such as increasing demand from end-user industries such as food, personal care, pharmaceuticals, etc. and rising awareness about health benefits is expected to drive the India olive oil market growth.
Some of the key players analyzed in this market include Colavita S.p.A, FieldFresh Foods Pvt Ltd., Deoleo, S.A., Modi Naturals Limited, Cargill Inc., R R Oomerbhoy Pvt Ltd., Ybarra, Rafael Salgado, Borges International Group, S.L., and Hashmitha Enterprise.
Key Benefits for India Olive Oil Market:
This report presents a quantitative analysis of the current trends, estimations, and dynamics of the India olive oil market from 2013 to 2025 to identify the prevailing market opportunities.
Porter’s five forces analysis highlights the potency of the buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the India olive oil market segmentation assists in determining the prevailing market opportunities.
The market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the key players operating in the India olive oil market.
India Olive Oil Key Market Segments:
By Type
Virgin
Pomace
Refined
By Application
Food
Beverage
Personal Care
Pharmaceuticals
Olive oil is the liquid fat derivative obtained from olives, which is a traditional tree crop of the Mediterranean Basin. It is native to the Mediterranean regions and is especially found in Spain, Italy, and Greece. The composition of olive oil varies with altitude, time of harvest, and extraction process. It has a low smoke point of 240°C and hence can be consumed raw. This oil is primarily used for cooking, cosmetics, and pharmaceutical applications. It mainly consists of oleic acid, with the smaller amount of fatty acids including linoleic acid (up to 21%) and palmitic acid (up to 20%). Olive oil consumption is often considered healthy as it is associated with a lower risk of heart disease and certain cancers including colorectal and breast cancer. It is also a good source of monounsaturated fatty acid and antioxidants such as polyphenols, vitamins E & K, chlorophyll, and carotenoids. The nutritional value and taste associated with olive oil have raised its demand among the consumers. It has a wide range of application in the food and cosmetics industries.
In addition, the health benefits associated with olive oil are expected to increase the demand for India olive oil market in the coming years. Virgin olive oil segment has dominated the market due to its chemical free processing techniques and dense nutritional content. Furthermore, growing acceptance of olive oil in culinary uses is expected to increase the demand for the olive oil market in food and beverage applications. Moreover, personal care products are blended with olive oil extracts and have gained market acceptance due to the skin benefits associated with it. Increase in purchasing power and rise in aspiration among the lower- and middle-class society in the nation and industry players coming out with products and pricing to suit consumes across different levels of purchasing power drive the growth of the India olive oil market for personal care. However, limited production of olives in India coupled with fluctuations in olive oil prices have hindered the market growth but increase in demand for olive oil for cooking is expected to provide lucrative opportunities for the growth of the India olive oil market.
The report on the India olive oil market is segmented based on type which includes virgin, pomace, and refined olive oil. On the basis of application, the market is segmented into food, beverage, personal care, and pharmaceuticals segments. The personal care segment is expected to have the largest share in the application segment. The factors such as increasing demand from end-user industries such as food, personal care, pharmaceuticals, etc. and rising awareness about health benefits is expected to drive the India olive oil market growth.
Some of the key players analyzed in this market include Colavita S.p.A, FieldFresh Foods Pvt Ltd., Deoleo, S.A., Modi Naturals Limited, Cargill Inc., R R Oomerbhoy Pvt Ltd., Ybarra, Rafael Salgado, Borges International Group, S.L., and Hashmitha Enterprise.
Key Benefits for India Olive Oil Market:
This report presents a quantitative analysis of the current trends, estimations, and dynamics of the India olive oil market from 2013 to 2025 to identify the prevailing market opportunities.
Porter’s five forces analysis highlights the potency of the buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the India olive oil market segmentation assists in determining the prevailing market opportunities.
The market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the key players operating in the India olive oil market.
India Olive Oil Key Market Segments:
By Type
Virgin
Pomace
Refined
By Application
Food
Beverage
Personal Care
Pharmaceuticals
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: INDIA OLIVE OIL MARKET, BY TYPE
CHAPTER 5: INDIA OLIVE OIL MARKET, BY APPLICATION
CHAPTER 6: COMPANY PROFILES
List Of Tables
List Of Figures
Executive Summary
According to a new report titled, 'India Olive Oil Market by Type and Application: Opportunity Analysis and Industry Forecast, 2018 - 2025,' the India olive oil market was worth 58.6 million in 2017 and is estimated to be growing at a CAGR of 9.9%, to reach 127.5 million by 2025. Olive oil is a liquid fat that is obtained from olives, a crop typically grown in the Mediterranean Basin. The oil is prepared by pressing whole olives. There are various types of olives such as Picholine, Kalamata, Agrinion olives, Cerignola, and many others, each type is for a particular texture, flavor, or shelf life, which can be used for various applications. By type, the India olive oil market is classified into virgin olive oil, refined olive oil, and pomace olive oil. In 2017, virgin olive oil segment has occupied 15.1% share of the India olive oil market due to its improved nutritional content. Furthermore, the growing acceptance of olive oil in culinary uses is likely to increase its market demand for food and beverage applications.The factors that drive the India olive oil market include rise in demand for olive oil continuously from end-user industries, growth in awareness about the various health benefits offered by the oil, increase in usage in the manufacturing of products in the beauty care and cosmetics industry, beverages industry, and pharmaceutical industry among others. Changing lifestyle is also anticipated to drive the India olive oil market growth.
However, higher prices of olive oils and poor domestic production restrict the growth of the olive oil market in India. Nevertheless, government is taking initiative to promote efficient farming techniques developed by the market players, which are effectively increasing the production of olives. These initiatives are estimated to provide impetus to the India olive oil market growth during the forecast period.
Key Findings of the India Olive Oil Market:
The personal care segment was the highest contributor to the India olive oil market in 2017, and is projected to grow at a CAGR of 9.0%.
In 2017, virgin olive oil segment accounted for 15.1% of the India olive oil market and is projected to grow at the most astounding CAGR of 14.5% from 2018 to 2025.
In 2017, pomace olive oil accounted for almost 65.7% of the share in terms of value in the India olive oil market and is projected to grow at a significant CAGR of 9.1%.
Pharmaceutical accounted for the 24.5% market share with CAGR of 9.6% in the India olive oil market, in 2017.
In 2017, the food segment accounted for 20.0% of the India olive oil market share and is expected to grow at the significant CAGR of 12.7%.
The key players operating in this India olive oil industry include Colavita S.p.A, FieldFresh Foods Pvt Ltd., Deoleo, S.A., Modi Naturals Limited, Cargill Inc., R R Oomerbhoy Pvt Ltd., Ybarra, Rafael Salgado, Borges International Group, S.L., and Hashmitha Enterprise.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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