21 Apr

Olive Oil Market during this Recession

With the global economy on rocky ground, sales of olive oil may be cloudy as the market shows signs of reaching maturity, according to market research publisher Packaged Facts new report, “Market Trend: Olive Oil in the U.S., 3rd Edition.

According to the report, the market for olive oil in the United States grew at a compound annual growth rate of 7 percent between 2004 and 2008, much in part to U.S. consumers embracing olive oil’s health benefits and culinary versatility; however, in volume terms growth was more muted in recent years as the market showed some signs of nearing market maturity.

The reported examined current market, trends, major marketers and brands, and consumer preferences and presents a concise, thought provoking analysis of various aspects of the industry and provides a forecast for the market through 2013.

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