PRESS RELEASE

Increasing culinary applications in mediterranean dishes and multiple health benefits driving the olive oil market

Jan 15, 2018

Olive Oil

London, Jan 15, 2018: The constant increase in the demand for extra virgin olive oil to cook Mediterranean dishes is driving the growth in the global olive oil market. Extra virgin olive oil is being marketed as premium and provenance-based oil, which has initiated trial and adoption across major consumption markets such as India, Brazil, Russia, Japan, and China.

SpendEdge’s latest procurement research report on the global olive oil market offers an in-depth assessment of the crucial factors influencing the supply market, strategic procurement and sourcing decisions, pricing models, and procurement best practices. The report, a part of the agro commodities and raw materials portfolio, also offers detailed insights into the supply chain management, key market developments, and demand-supply shifts to help sourcing and procurement experts make smart procurement decisions.

Research studies have also proved that olive oil-based diet is more effective for weight-loss as it raises high-intensity lipoproteins (good cholesterol) compared with a standard low-fat diet. This is the prime reason why the global demand for olive oil is in the rise” – A Kowshik, agro commodities and raw materials procurement research specialist at SpendEdge.

A majority of the olive oil production is concentrated in countries around the Mediterranean Basin (Spain, Italy, and Greece). The extreme climatic conditions (high temperature and occurrence of floods) along with the instance of crop infection in 2014 have impacted the production. This has impacted the assurance of supply of the oil in desired quantities. This has also created an upward pressure on the price of the oil and is likely to increase management complexity, and overall procurement spend.

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This procurement report on the olive oil market offers insights on:

  • Supply markets, growth drivers, trends, and imminent restraints
  • Key suppliers and assessment of their capabilities
  • Procurement best practices
  • Negotiation strategies and cost-saving opportunities
  • Pricing models and category innovations
  • For a comprehensive, detailed list, view our full report

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