Report ID: UCMIG30I2296
Report ID:
UCMIG30I2296 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The Asia Pacific region maintains a substantial stake in the worldwide olive oil market, with projections indicating that the olive oil market in Asia Pacific will experience a 5.49% Compound Annual Growth Rate (CAGR) over the forecast period. The global olive oil market is also expected to expand from USD 14.20 billion in 2022 to USD 18.42 billion by 2030. This growth is driven by increasing consumer concerns regarding health and well-being, spurring greater demand for olive oil in the region. Additionally, the heightened production of olives in the region is contributing positively to market growth. The organization of promotional trade campaigns by associations such as the International Olive Council and Interprofessional Association of Spanish Olive Oil is further boosting product sales in the region.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Packaged Foods & Meats by segment aggregation, the contribution of the Packaged Foods & Meats in Food, Beverage & Tobacco and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG30I2296