The Middle East and Africa Olive Oil Market was worth USD xx billion in 2021 and estimated to be growing at a CAGR of xx%, to reach USD xx billion by 2026.
Olive Oil is a liquid fat which is obtained from olives which is a crop typically grown in the Mediterranean basin. The oil is prepared by pressing whole olives. They are various types of olives, each type is for a particular texture, flavour or shelf life which can be used for various applications.
In countries surrounding the Mediterranean, it is used as the primary cooking oil. It is also used for the purpose of salad dressing and also for preparing cold foods. Olive oil is used in skin care for various purposes such as massages, sports injuries and to reduce muscle fatigue among others. It is a natural and safe lubricant which can be used in lubricating kitchen machinery such as blenders, grinders, cookware etc. It is used in other applications such as soap making, as a solvent and substrate in the synthesis of cadmium selenide quantum dots.
Drivers and Restraints:
The driving factors of Middle East and Africa Olive Oil market are rising demand continuously from end user industries, growing awareness about the various health benefits offered by the oil, increasing usage in the manufacture of products in beauty care and cosmetics industry, beverages industry and pharmaceutical industry among others. Changing lifestyles is also affecting the growth of this market positively.
Middle East and Africa Olive Oil Market Segmentation Analysis:
The Middle East and Africa Olive Oil market is segmented based on type into refined olive oil, pomace and virgin. On the basis of application, the market is segmented into food and beverages, pharmaceuticals and personal care segments. Food and beverages is expected to have the largest share in the segment.
The market in the region is divided based on geography broadly into Middle East and Africa regions. Factors such as rising demand from end user industries and rising awareness about health benefits is expected to drive the market growth in the region.
Key Players in the Market:
Some of the major players in the market are Salov, Borges Mediterranean Group, Ybarra, Deoleo, Sovena Group, Figaro, Farrel, Del Monte Foods, Unilever Group, and Lenard.
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