India Olive Oil Market With Current Trends Analysis,2014-2020 FMI | Page 3

Report
Description
Report Description
Olive oil is high nutritive product extracted from the fresh olive fruits. Olive oil is the key
component of Mediterranean diet, found in countries such as Spain, Greece and Italy. It is
commercially manufactured by crushing or grinding olives and extracting oil from it through
various chemical and mechanical process. The health dominating properties has led this product
to hold a promising future. It possess omega-3 monounsaturated fatty acid and antioxidants
which replaces saturated and trans fats and stimulates health benefits such as it helps in
maintaining health cholesterol level, reduces breast cancer risk, helps to prevent stroke, lowers
the risk of depression, protect liver and many others (prevent from acute pancreas, protects
from ulcerative colitis etc.).
Globally, Spain and Italy are the highest consumer of olive oil followed by the U.S. The demand
for olive oil is also increasing in developed countries such as Europe and North America. While
the BRIC (Brazil, India, China and Russia) countries have also shown the vigorous growth towards
the acceptance of this product. Among BRIC countries India and China is expected to be one of
the largest consumer in the near future. In the current scenario the consumption rate of olive oil
in India stands at 10,000 to 13,000 tons annually and is projected to grow at a significant
growth rate. This is expected to remain same for the next five years.
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