India, a market with great growth potential for olive oil

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India has a growth projection in consumption of olive oil in the coming years due to lack of local production that can’t supply the demand as the growing middle class is increasingly concerned about a healthy diet, starting to introduce this product in the kitchen.

This follows from the report “The olive oil market in India” by Javier Oliván, under the supervision of the Economic and Commercial Office of the Embassy of Spain in New Delhi.

According to this study, in recent years, the size of the olive oil market in India has grown from 1,700 tons sold in 2008 to 6,500 tons in 2013 and expects this trend to continue and keep rising an average of 25% in the next five years.

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