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Olive Oil Market Size and Forecast: 2014-2020 by Future Market Insights

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Olive Oil Market Size and Forecast: 2014-2020 by Future Market Insights
India Olive Oil
Market
Share, Indian Trends,
Analysis, Research, Report,
Opportunities,
Segmentation and Forecast,
2014

Future Market Insights

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Description
Report Description
Olive oil is high nutritive product extracted from the fresh olive fruits. Olive oil is the key component of Mediterranean diet, found in countries such as Spain, Greece and Italy. It is commercially manufactured by crushing or grinding olives and extracting oil from it through various chemical and mechanical process. The health dominating properties has led this product to hold a promising future. It possess omega-3 monounsaturated fatty acid and antioxidants which replaces saturated and trans fats and stimulates health benefits such as it helps in maintaining health cholesterol level, reduces breast cancer risk, helps to prevent stroke, lowers the risk of depression, protect liver and many others (prevent from acute pancreas, protects from ulcerative colitis etc.).

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Globally, Spain and Italy are the highest consumer of olive oil followed by the U.S. The demand for olive oil is also increasing in developed countries such as Europe and
North America. While the BRIC (Brazil, India, China and Russia) countries have also shown the vigorous growth towards the acceptance of this product. Among BRIC countries India and China is expected to be one of the largest consumer in the near future. In the current scenario the consumption rate of olive oil in India stands at 10,000 to 13,000 tons annually and is projected to grow at a significant growth rate. This is expected to remain same for the next five years.

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Traditionally in India the high saturated fatty oil such as ghee or vanaspati were used but due to rise in health concerns, the consumption pattern changed towards vegetable refined oil such as sunflower,

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