Olive Oil Market

Olive Oil Market witnessed USD 13,300 Million in 2019, growing at a robust CAGR of 3.2% during forecast period.

Introduction of the Olive Oil Market Report

Olive oil is considered an essential part of the Mediterranean diet and has various antioxidants. These antioxidants support the body from cellular damage, which might lead to different health conditions and diseases. It is generally used for cooking, frying food items or as a salad dressing. The global olive oil market over various types of oil such as virgin olive oil, refined/pure olive oil, among others.

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Market Dynamic

Key Drivers and Emerging Trends

The increasing focus on maintaining the overall health and wellness of individuals is a major factor that is contributing to the growth of the global olive oil market size. People are now shifting towards healthier oil options such as healthy vegetable oils in their daily eating patterns. Moreover, the changing lifestyle pattern of the consumer, along with the rising prevalence of cardiovascular and obesity diseases, is further supporting the market growth. Consumers have started paying attention to the label claims before choosing the right oil product. The market is witnessing an increase in the demand for vegetable oils having high omega-3, vitamin E, and MUFA. The olive oil is rich in MUFA and other antioxidants, which support the normal functioning of the heart. In addition to this, consumers are now becoming more aware of the various health benefits related to MUFAs. Thus, the growing awareness related to the importance of essential fatty acids will surge the demand for olive fruit oil as it contains high omega-3 content.

There has been a shift towards natural, raw, and cold-pressed oils as they are a healthier option and free from any chemicals. Consumers are opting for virgin and extra-virgin olive oil as they protect against diabetes, improves skin and hair health, and assists in weight loss. The unaltered organoleptic features and clean flavor of the cold-pressed virgin oil is further attracting consumers to the market. This is one of the emerging olive oil industry trends that is opening new opportunities for market growth.

Restraint in the Olive Oil Market

On the other hand, the high cost of olive oil has pushed the consumers towards low-cost replacement oils such as sunflower oil, canola oil, and coconut oil. This is a major factor that is likely to hamper the growth of the olive oil market share.

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Type – Segment Analysis

Based on the type, the virgin olive oils is expected to grow at a higher CAGR during the forecast period. The growing popularity of this type of olive oil as it offers various benefits, such as Omega-3 and oleic acid, is a major factor that is surging the growth of the market. The virgin olive oil works as an anti-inflammatory protects against diabetes and insulin resistance while improving blood cholesterol levels. Moreover, the moderate consumption of virgin olive oil reduces the possibility of developing gallstones.

End-User – Segment Analysis

Based on the end-user, the household/retail segment is projected to grow at a higher CAGR over the forecast period. This is mainly due to the rising demand of olive oils, especially among the households for the preparation of different meals. There has been an increase in the awareness related to the various benefits offered by olive oil such as helps in maintain good health, among others. Moreover, the emerging trend of using minimally processed natural oil has further increased the demand for cold-pressed virgin oils. The olive oil is increasingly used for the preparation of food products such as healthy snacks, chips, among others. This is further growing the demand for olive oil over the coming years.

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Regional – Segment Analysis:

Based on the region, Europe is anticipated to grow at a higher CAGR during the forecast period. This is mainly attributed to the high production of olive oil in this region. Spain and Italy are the leading producer and suppliers of olive oil in this region. Furthermore, the rising awareness related to the various benefits offered has increased its demand in the retail and foodservice sector. On the other hand, Asia-Pacific is projected to lead the market during the forecast period. The two major factors that are surging the market’s demand include the emerging trend of dining out and trying Mediterranean cuisine in Asian countries such as India and the rising popularity of functional food and beverages in the region.

Top Market Players

Various notable players operating in the market include GRUPPO SALOV P. IVA, Odysea Ltd., Ybarra, Deoleo, SOVENA, Del Monte, Cargill, Incorporated, Bertolli, ACEITES LA MASÍA, and Gallo, among others. 

Key Developments:

• • In 2020, Odysea Ltd., introduced a range of premium extra virgin olive oils known as “Kalamato PDO Extra Virgin Olive Oils”. This olive oil range is produced from polyphenol rich olives in Messinia.

Segments covered in the Report:

The global Olive Oil market has been segmented on the basis of Type, End-User, and regions. Based on Type, the market is segmented into Virgin olive Oils, Pure/Refined Olive Oil, and Others. Based on End-User, the market is segmented into Household/Retail, Foodservice/HORECA, Food Manufacturing, and Others. 

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Key questions answered in this research report:

• • At what pace is global Olive Oil market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Olive Oil market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Olive Oil market?
  • Which Type generated maximum revenues in 2019 and identify the most promising Type during the forecast period?
  • What are the various End-User areas of global Olive Oil market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Olive Oil Market by Type

• • Virgin olive Oils
  • Pure/Refined Olive Oil
  • Others

Global Olive Oil Market by End-User

• • Household/Retail
  • Foodservice/HORECA
  • Food Manufacturing
  • Others

Global Olive Oil Market by Region

• • North America Olive Oil Market (Option 1: As a part of the free 25% customization)

    • North America Olive Oil Market by Type
    • North America Olive Oil Market by End-User
    • US Olive Oil Market All-Up
    • Canada Olive Oil Market All-Up

  • Europe Olive Oil Market (Option 2: As a part of the free 25% customization)

    • Europe Olive Oil Market by Type
    • Europe Olive Oil Market by End-User
    • UK Olive Oil Market All-Up
    • Germany Olive Oil Market All-Up
    • France Olive Oil Market All-Up
    • Spain Olive Oil Market All-Up
    • Rest of Europe Olive Oil Market All-Up

  • Asia-Pacific Olive Oil Market (Option 3: As a part of the free 25% customization)

    • Asia-Pacific Olive Oil Market by Type
    • Asia-Pacific Olive Oil Market by End-User
    • China Olive Oil Market All-Up
    • India Olive Oil Market All-Up
    • Japan Olive Oil Market All-Up
    • Rest of APAC Olive Oil Market All-Up

  • RoW Olive Oil Market (Option 4: As a part of the free 25% customization)

    • RoW Olive Oil Market by Type
    • RoW Olive Oil Market by End-User
    • Brazil Olive Oil Market All-Up
    • South Africa Olive Oil Market All-Up
    • Saudi Arabia Olive Oil Market All-Up
    • UAE Olive Oil Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Olive Oil Market All-Up

Major Players Operating in the Olive Oil (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • GRUPPO SALOV P. IVA
  • Odysea Ltd.
  • Ybarra
  • Deoleo
  • SOVENA
  • Del Monte
  • Cargill, Incorporated
  • Bertolli
  • ACEITES LA MASÍA
  • Gallo