At present, the demand for olive oil in the international market is increasing, especially olive oil for meals. Olive oil is recognized as a green and healthy edible oil due to its rich nutrients and outstanding health care functions, the olive oil industry has a broad market prospect. In the latest olive oil market research of FORTUNE BUSINESS SIGNTS, pointed out that the global olive oil market in 2019 was USD 13.03 billion and is expected to reach USD 16.64 billion by 2027, the compound annual growth rate during the forecast period (2020-2027) is 3.2%.
The main reasons for promoting the growth of the olive oil market are as follows:
(1). Due to the increasing concern about food safety, consumers have more preference for safer and healthier vegetable oils. In addition, with repeated COVID-19 epidemics, people stay in isolation at home and become increasingly interested in family cooking.
(2). With the modernization of lifestyles, changes in dietary structure, and reduction in physical activity, the prevalence of obesity and cardiovascular diseases in modern people is increasing at an alarming rate. Cardio-cerebrovascular diseases are often caused by hyperlipidemia, arteriosclerosis, etc., animal fats and oils contain more saturated fatty acids, which can cause blood cholesterol to increase. Obesity and cardiovascular patients are more suitable to choose olive oil that contains monounsaturated fatty acids and has a certain effect of reducing blood lipids.
(3). The Mediterranean diet is a nutritionally balanced diet, mainly composed of fruits and vegetables, seafood, whole grains, nuts, and olive oil, as well as a small amount of beef, dairy products, alcohol, etc. It is a diet structure characterized by high dietary fiber, high vitamins, and low saturated fatty acids, which is becoming more and more popular among people all over the world. Olive oil is a commonly used oil in the Mediterranean diet, and it is also the core and focus of the Mediterranean diet.
(4). Olive oil is widely used in the daily chemical industry, it is a natural skin care product, which is rich in squalene and essential fatty acids with excellent skin affinity, can be absorbed quickly, and effectively maintains skin elasticity and moisturizing. Olive oil is rich in monounsaturated fatty acids, vitamins E, K, A, D, etc., and phenolic antioxidants, it can eliminate facial wrinkles and prevent skin aging, has the effects of skin care and hair care, and prevention of hand and foot chapped.
Olive oil is also good for postpartum skincare. Extra virgin olive oil can remove stretch marks or make them lighter. Note that if you want to use olive oil for beauty, you must buy real extra virgin olive oil, this kind of olive oil has not been refined or high temperature, but only pressed at low temperature, all nutrients can be preserved. Extra virgin olive oil can also be used to remove makeup, promote body metabolism, facial masks, lip care, etc.