expanding Olive Oil Consumption

Olive oil consumption is increasing throughout the world. Heart conscious consumers are becoming aware of the protective effects of this oil on the heart. Cooks throughout the world are becoming aware of the delicious foods they can prepare. The sum total of this is that are much higher proportion of olive oil is consumed face of the Mediterranean Basin and the Middle East. This is good news for those who like the oil and for whatever curious in investing in its increasing consumption worldwide.

World Consumption

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The International Olive Oil Council figures on olive oil consumption show a worldwide growth from 1,666.5 tones in 1990 to 2,839 tons in 2009. Consumption went up in the olive's primary base in the Mediterranean and Middle East from 1,427.5 tons in 1990 to 2.242.5 tons in 2009. However, it is the growth in consumption of the oil face of where it is traditionally part of the diet that is the most spectacular. From 1990 to 2009 consumption of olive oil in the world face of the Mediterranean and Middle East more than from 239 tons to 596.9 tons.

A record published by the United States department of Agriculture Foreign Agricultural service (Gain record It1028) notes that "Ten years ago, Italy, Spain, and Greece produced 80 percent and consumed 90 percent of olive oil globally. Today, those leading Mediterranean countries consume about 60 percent of total oil, with consumption increasing the most in the United States, Japan, South America, and Eastern Europe."

The record also states that, "The Eu accounts for about 80 percent of global olive production, North Africa accounts for 15 percent, and the others produce the remaining 5 percent."

Olive oil producers world wide are organizing and preparing for a lasting growth in olive oil consumption. For example, the secretly owned international food products giant, Cargill, and a Spanish partner have just inaugurated a new 18 million Euro bottling plant in Spain. According to Cargill's press publish the plant will have the capacity to bottle more than a million liters of olive oil each year. The plant is also built so that capacity may be increased in hereafter years!

The nearnessy of Cargill in this execution is telling as Cargill is an international execution with vast output and risk management expertise as well as a weighty global trade, export, and distribution system.

Two Examples: the Uk and India

We gift two examples of countries where olive oil is not a primary food and where consumption is gaining ground.

The United Kingdom: Olives in the Land of Fish and Chips

As worldwide consumption has increased by 70% from 1990 to 2009 the Uk share of the total has increased from 1.9% to 2.9% (more than 60,000 tons). In just the last ten years olive oil use has increased from 35% of British homes to 50%.

The Uk share of the world consumption of oil from olives has risen from 1.9% to 2.9% in the middle of 1990 and 2009. The Uk now consumes 28 million liters of this oil per annum, all of which is imported, and sales topped £150 million a year for the first time in 2008. This is duplicate the estimate sold eight years ago and significantly more than the £90 million spent on vegetable oil. Half of Uk homes now use olive oil compared with just 35% in 2001. The use of extra virgin oil for dressings, sauces, and as a dip for bread has increased as well as the use of olive oil for cooking. This latter use is replacing the use of other oils for cooking and frying foods in the Uk. Interestingly, stock investigate shows that the majority of Brits do not know that Spain is an olive producer even though it is the largest. They just like olive oil

Breaking into the Indian Cooking Oil Market

May 5 issue of an online trade journal speaks of a promotional and awareness campaign by the International Olive Oil Council in India. In its record entitled, "Big shop Getting Bigger," the Times states that India ranks forth in the world in consumption of vegetable oils and is the third leading importer. The record states that, "The occasion of India's economy and increasing exposure to world trends in cuisine and other areas has slowly brought this oil to the attention of health-conscious Indians. The growing popularity is shown in the growth in imports of olive oil, which has gone up from 2,300 tons in 2007 to colse to 4,500 tons in 2008. Quiz, is estimated to growth to 42,000 tons in 2012, with the growing middle class affluence and concerns about condition and fitness."

As this information shows the growth of olive oil consumption in what has become the world's most populous nation is becoming exponential.

Good Food is Becoming a Good Investment

People use olive oil because of its taste, cooking qualities, and, increasingly, its heart healthy qualities. Habitancy spend in the rising consumption of olive oil for profit.

The Mediterranean Basin is historically the producer and consumer of the olive and its oil. Its climate is conducive to growing olive trees. However, the vast majority of output is on the North of the Mediterranean Sea in Spain, Italy, and Greece. As worldwide consumption outstrips provide the major producers will have a hard time keeping up. Thus orchards are being planted in North Africa. Tunisia is already the forth leading producer at colse to 8% of total production. Now Algeria is embarking on a huge agenda to plant olive trees, a million hectares.

Investors seeing to profit from the growth of olive oil consumption may do well seeing at projects in a country like Algeria where soil and climate are conducive to growth the Arbequinia olive in hyper intensive culture for local processing and international export. Projects that will be thriving will pick the right olive variety, build processing plants near to output to optimize quality, and have international partners or parent associates in order to drill international markets.

expanding Olive Oil Consumption