Olive Oil Market Growth, Size, Share, Trends, Key Players Analysis, and Forecast by 2031

Coverage: Olive Oil Market covers analysis By Packaging Type (Bottles, Cans, Others); Category (Organic, Conventional); Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Online Retail, Others), and Geography

  • Report Code : TIPRE00010072
  • Category : Food and Beverages
  • Status : Upcoming
  • No. of Pages : 150
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The olive oil market is expected to register a CAGR of 5% during 2023–2031. The increasing incorporation of nutrient-rich oils in diets to reduce the risk of certain health conditions is likely to remain a key trend in the market.

Olive Oil Market Analysis:

  • The market is witnessing strong growth primarily owing to the rising demand for olive fruit oil in food service as well as the retail sector.
  • Moreover, the demand for exotic cuisines is also anticipated to drive the popularity of Olea European fruit oil in several parts of the world.
  • Olea European fruit oil is essential to a Mediterranean diet due to its several health benefits. The awareness about these health benefits, which are attributed to its omega-3 fatty acid content, is expected to surge its demand in the years to come.
  • The demand for this oil is also rising owing to its utilization as an ingredient in manufacturing dietary supplements and pharmaceuticals.

Olive Oil Market Overview

  • Olive oil is obtained from olive fruit and is available as virgin olive oil, extra virgin olive oil, light olive oil, olive pomace oil, and refined olive oil.
  • Extra virgin olive oil is used for food, body care, and other products. It is a multipurpose liquid, and, hence, it is used by the majority of the population worldwide.
  • This oil is used in cooking food, baked products, and in salad dressing. Also, extra virgin olive oil is rich in antioxidants and monounsaturated fats, and hence, this oil has a light flavor.
  • People who are health conscious prefer cooking in olive oil due to its health advantages. Extra virginity is healthy for the human heart and helps in obesity management.
  • The extra virgin olive oil market plays a major role in skin care as this oil moisturizes and heals the skin.

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Olive Oil Market: Strategic Insights

Olive Oil Market
  • Market Size 2023
    US$ XX Million
  • Market Size 2031
    US$ XX Million

Market Dynamics

GROWTH DRIVERS
  • Increasing awareness of the product's health benefits
FUTURE TRENDS
  • The increasing incorporation of nutrient-rich oils in diets to reduce the risk of certain health conditions
OPPORTUNITIES
  • Increased demand for industrial applications

Regional Overview

Regional Overview
  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa

Market Segmentation

Market SegmentPackaging Type
  • Bottles
  • Cans
Market SegmentCategory
  • Organic
  • Conventional
Market SegmentDistribution Channel
  • Supermarkets and Hypermarkets
  • Convenience Stores
  • Online Retail
  • Get Top Key Market Trends of this report.
    This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.

Olive Oil Market Drivers and Opportunities

Increasing Awareness of the Product's Health Benefits

  • Consumer awareness of the health benefits of olive oil is an important driver for the market Increased consumer awareness of the health benefits of olive oil has become an important driver for the market.
  • With consumers becoming more health-conscious and looking for healthy alternatives, the demand for olive oil has shot up as it is known to be rich in monounsaturated fats and antioxidants and has anti-inflammatory properties, which in turn are directly linked to reduced risks of heart disease and other serious illnesses such as stroke and certain cancers, as well as the dreaded Alzheimer’s.
  • Research in this area, now positive and widespread in the medical field, has converted olive oil into a super-food in the minds of consumers.
  • These benefits and the halo effect of the Mediterranean diet, which has been sufficiently hyped as being good for you and which includes olive oil as an important staple, have, in turn, encouraged manufacturers and marketers to highlight the health benefits of olive oil in their marketing initiatives. This has resulted in increased demand and sales across all consumer segments.

Increased Demand for Industrial Applications

  • The growing need for industrial uses is also a big opportunity for the olive oil market.
  • As global manufacturers and consumers search for natural, healthier alternatives to synthetic ingredients, olive oil is being used more widely in various industries.
  • In cosmetics, it is valued for its moisturizing and antioxidant qualities and is thus used in creams and lotions for the skin and hair.
  • In the pharmaceutical sector, olive oil is used to formulate drugs as a carrier and manufacture supplements. In industry, its lubricating properties mean that it is a more environmentally friendly option for some processes.
  • This diversification of use expands the market for the producers of olive oil, helps stabilize demand, and potentially increases the profit margin for producers in the non-food segments.

Olive Oil Market Report Segmentation Analysis

The scope of the global olive oil market is segmented on the basis of packaging type, category, and distribution channel.

  • Based on packaging type, the olive oil market is segmented into bottles, cans, and others.
  • On the basis of category, the market is bifurcated into organic and conventional.
  • Based on distribution channel, the market is categorized into supermarkets and hypermarkets, convenience stores, online retail, and others.

Olive Oil Market Share Analysis by Geography

  • Olive Oil Market Report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
  • Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering olive oil market dynamics such as drivers, trends, and opportunities that are impacting the markets at the regional level.
  • Also, the report covers Porter’s Five Forces analysis, which involves the study of major factors that influence the olive oil market in these regions.

Olive Oil Market Market Report Scope

Report Attribute Details
Market size in 2023 US$ XX Million
Market Size by 2031 US$ XX Million
Global CAGR (2023 - 2031) 5%
Historical Data 2021-2022
Forecast period 2024-2031
Segments Covered By Packaging Type
  • Bottles
  • Cans
By Category
  • Organic
  • Conventional
By Distribution Channel
  • Supermarkets and Hypermarkets
  • Convenience Stores
  • Online Retail
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • Avril SCA
  • Borges International Group SLU
  • Botticelli Foods
  • Del Monte Foods Inc
  • California Olive Ranch
  • Cargill Inc
  • Deoleo SA
  • Bunge Ltd
  • Neolea
  • Olivier Pacific Ltd
  • Olive Oil Market News and Recent Developments:

    The olive oil market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for innovations, business expansion, and strategies:

    • GOOD PLANeT Foods, known for its Olive Oil Cheese, expanded its product line with Cheese Slices in Sharp Cheddar and Smoked Gouda flavors, offering dairy-free options with exceptional taste, meltability, and heart health benefits due to their use of olive oil. (Source: GOOD PLANeT Foods, Press Release, March 2024)
    • Neolea, a Mediterranean producer, introduced its extra virgin olive oil in sustainable aluminum can packaging, featuring a reusable 'Fresh Cap' to ensure the oil's integrity, freshness, and flavor. (Source: Neolea, Newsletter, May 2024)

    Olive Oil Market Report Coverage and Deliverables

    The “Olive Oil Market Size and Forecast (2021 – 2031)” provides a detailed analysis of the market covering below areas:

    • Olive oil market size and forecast at global, regional and country levels for all the key market segments covered under the scope
    • Olive oil market trends as well as market dynamics such as drivers, restraints, and key opportunities
    • Detailed PEST/Porter’s Five Forces and SWOT analysis
    • Olive oil market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
    • Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the olive oil market
    • Detailed company profiles
    • Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
    • PEST and SWOT Analysis
    • Market Size Value / Volume - Global, Regional, Country
    • Industry and Competitive Landscape
    • Excel Dataset
    Report Coverage

    Report Coverage

    Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

    Segment Covered

    Segment Covered

    This text is related
    to segments covered.

    Regional Scope

    Regional Scope

    North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

    Country Scope

    Country Scope

    This text is related
    to country scope.

    Frequently Asked Questions


    What is the expected CAGR of the olive oil market?

    The global olive oil market is estimated to grow above 4% during the forecast period 2024-2031.

    What are the driving factors olive oil market?

    Increasing awareness of the product's health benefits is one of the major factors driving the olive oil market.

    What are the future trends of the olive oil market?

    The increasing incorporation of nutrient-rich oils in diets to reduce the risk of certain health conditions is likely to remain a key trend in the market.

    Which are the leading players operating in the olive oil market?

    The leading players operating in the olive oil market are Avril SCA, Borges International Group SLU, Botticelli Foods, Del Monte Foods Inc, California Olive Ranch, Cargill Inc, Deoleo SA, Bunge Ltd, Neolea, and Olivier Pacific Ltd.

    What are the deliverable formats of the olive oil market?

    The report can be delivered in PDF/Word format, we can also share excel data sheet based on request.

    What are the options available for the customization of this report?

    Some of the customization options available based on request are additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.

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    The List of Companies

    1. Avril SCA
    2. Borges International Group SLU
    3. Botticelli Foods
    4. Del Monte Foods, Inc.
    5. California Olive Ranch
    6. Cargill Inc.
    7. Deoleo SA
    8. Bunge Ltd
    9. Olivier Pacific Ltd.
    10. Sovena Group