(Entertainment-NewsWire.com, November 09, 2017 ) Olive Oil Market was worth USD xx billion in 2016 and estimated to be growing at a CAGR of xx%, to reach USD xx billion by 2021. 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.
In countries surrounding the Mediterranean, it is used as the primary cooking oil Extra virgin olive oil is used for the purpose of salad dressing and also for 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.
The driving factors of Asia Pacific 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.
The Asia Pacific 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 Asia Pacific Olive Oil market is divided based on geography into India, China, Japan, Australia and other parts of the region. Asia Pacific is the third largest market for olive oil in the world by share. It is also the fastest growing region in the world. 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.
About Us: Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, we cater to the needs of both individual and corporate clients. Our analyst team comprises expert professionals in market research, who with their collective knowledge and sksillset dedicatedly serve clients from various industries and regions.