The Asia Pacific Olive Oil Market would witness market growth of 6.0% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 203.0, showcasing a growth of 6.2% (2019-2022)
Geographic indications and origin labels play a pivotal role in traceability. Producers increasingly incorporate these designations on their packaging, giving consumers clear information about the region where the olives were cultivated. This imparts authenticity and allows consumers to connect with the rich terroir of the oil.
In addition, the digital age has revolutionized how consumers access and purchase this oil. E-commerce platforms have emerged as significant retail channels, offering consumers various choices, detailed product information, and the convenience of doorstep delivery. This trend has empowered both producers and consumers, fostering a direct connection. Online platforms provide detailed product information, enabling consumers to educate themselves about the different types of the oil, production methods, and origin.
According to the International Trade Administration data, the pharmaceutical industry in China is projected to attain a value of $161.8 billion by 2023, representing an approximate 30% market share on a global scale. Additionally, as per the data from the International Trade Administration, for 2021, the total value of cosmetics produced in South Korea was $14.5 billion, and cosmetics exports hit a record high, growing 21.3 percent from the previous year to $9.2 billion. Hence, the growing cosmetics and pharmaceutical sectors in Asia Pacific will propel the demand for the oil in the region.
The China market dominated the Asia Pacific Olive Oil Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1347.4 Million by 2030. The Japan market is registering a CAGR of 5.3% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 6.7% during (2023 - 2030).
Based on Type, the market is segmented into Virgin, Refined, Extra Virgin and Others. Based on Application, the market is segmented into Food and Beverage, Personal Care & Cosmetics, Pharmaceuticals, and Others. Based on Distribution Channel, the market is segmented into Hypermarkets/Supermarkets, Online and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Geographic indications and origin labels play a pivotal role in traceability. Producers increasingly incorporate these designations on their packaging, giving consumers clear information about the region where the olives were cultivated. This imparts authenticity and allows consumers to connect with the rich terroir of the oil.
In addition, the digital age has revolutionized how consumers access and purchase this oil. E-commerce platforms have emerged as significant retail channels, offering consumers various choices, detailed product information, and the convenience of doorstep delivery. This trend has empowered both producers and consumers, fostering a direct connection. Online platforms provide detailed product information, enabling consumers to educate themselves about the different types of the oil, production methods, and origin.
According to the International Trade Administration data, the pharmaceutical industry in China is projected to attain a value of $161.8 billion by 2023, representing an approximate 30% market share on a global scale. Additionally, as per the data from the International Trade Administration, for 2021, the total value of cosmetics produced in South Korea was $14.5 billion, and cosmetics exports hit a record high, growing 21.3 percent from the previous year to $9.2 billion. Hence, the growing cosmetics and pharmaceutical sectors in Asia Pacific will propel the demand for the oil in the region.
The China market dominated the Asia Pacific Olive Oil Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1347.4 Million by 2030. The Japan market is registering a CAGR of 5.3% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 6.7% during (2023 - 2030).
Based on Type, the market is segmented into Virgin, Refined, Extra Virgin and Others. Based on Application, the market is segmented into Food and Beverage, Personal Care & Cosmetics, Pharmaceuticals, and Others. Based on Distribution Channel, the market is segmented into Hypermarkets/Supermarkets, Online and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
List of Key Companies Profiled
- Salov SpA (ShangHai Yimin No.1 Foods (Group)Co., Ltd.)
- Cargill, Incorporated
- Del Monte Foods Private Limited (Del Monte Pacific Limited) (Bharti Enterprises)
- Conagra Brands, Inc.
- DEOLEO, S.A. (CVC Capital Partners SICAV-FIS S.A.)
- Modi Naturals Ltd.
- Sovena Group (Nutrinveste SGPS, SA)
- Pompeian, Inc.
Market Report Segmentation
By Type (Volume, Kilo Tonnes, USD Billion, 2019-2030)- Virgin
- Refined
- Extra Virgin
- Others
- Food and Beverage
- Personal Care & Cosmetics
- Pharmaceuticals
- Others
- Hypermarkets/Supermarkets
- Online
- Others
- China
- Japan
- India
- South Korea
- Australia
- Malaysia
- Rest of Asia Pacific
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Asia Pacific Olive Oil Market by Type
Chapter 5. Asia Pacific Olive Oil Market by Application
Chapter 6. Asia Pacific Olive Oil Market by Distribution Channel
Chapter 7. Asia Pacific Olive Oil Market by Country
Chapter 8. Company Profiles
Companies Mentioned
- Salov SpA (ShangHai Yimin No.1 Foods (Group)Co., Ltd.)
- Cargill, Incorporated
- Del Monte Foods Private Limited (Del Monte Pacific Limited) (Bharti Enterprises)
- Conagra Brands, Inc.
- DEOLEO, S.A. (CVC Capital Partners SICAV-FIS S.A.)
- Modi Naturals Ltd.
- Sovena Group (Nutrinveste SGPS, SA)
- Pompeian, Inc.
Methodology
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