(Entertainment-NewsWire.com, November 10, 2017 ) North America 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. 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 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 North America 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.
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 North America Olive Oil market is divided based on geography into United States, Canada and Mexico. North America holds the second largest market for olive oil in the world after Europe region. In the North America region, United States is expected to have the largest share. 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. 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 Lenardo.
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