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Olive Oil Market Synopsis

The Olive Oil Market size is estimated at 14.19 billion USD in 2023 and is expected to reach 17.11 billion USD by 2032, growing at a CAGR of 2.10% during the forecast period (2024-2032)

Olive oil is a liquid fat obtained by pressing whole olives (the fruit of Olea europaea family Oleaceae), a traditional tree crop of the Mediterranean Basin, and extracting the oil. It is commonly used in cooking, for frying foods, or as a salad dressing. It can also be found in some cosmetics, pharmaceuticals, soaps, and fuels for traditional oil lamps.

  • It also has additional uses in some religions. The olive is one of three core food plants in Mediterranean cuisine, together with wheat and grapes. Olive trees have been grown around the Mediterranean since the 8th millennium BC.
  • The growing demand from food industries is also driving the growth of the market. Compared to other cooking oils, olive oil has the unique potential to deliver a one-two punch to chronic and degenerative diseases from the potent polyphenol compounds found in extra virgin olive oil and the high percentage of monounsaturated fatty acids (MUFAs) found in all grades.
  • Increasing healthy diet awareness is also expected to impact the growth of the market positively. The health benefits of olive oil have been attributed to its antioxidant and anti-inflammatory properties. Observational studies have shown a link between lower risks of cardiovascular disease and some cancers.

Olive Oil Market-Comprehensive Study Report with Trends

The Olive Oil Market Trend Analysis

Increasing Awareness About Health Benefits From olive oil

  • Health advantages of olive oil abound. Healthy monounsaturated fats are abundant in olive oil. Saturated fat makes up about 14% of the oil, while polyunsaturated fats like omega-6 and omega-3 fatty acids make up 11% of it.
  • A large review of studies in 841,000 people found that olive oil was the only source of monounsaturated fat associated with a reduced risk of stroke and heart disease. Extra virgin olive oil has numerous benefits for heart health. It lowers blood pressure, protects “bad” LDL cholesterol particles from oxidation, and improves the function of blood vessels. ​
  • The demand for healthy edible oils increased in emerging economies like India during COVID-19 as olive fruit oil began to gain shelf space in Indian households for recreating restaurant-like gourmet experiences at home.
  • The growing interest of individuals in raw, natural, and cold-pressed cooking oils as they are attributed to be safer and healthier in comparison to their processed counterparts has supported the market growth.

 

Olive Oil Market-Comprehensive Study Report with Trends

This statistic shows the consumption of olive oil worldwide from 2017/18 to 2021/22. In 2021/22, the global consumption volume of olive oil amounted to just under 3.15 million metric tons.

Increasing Use of Olive Oil in Aromatherapy and household

  • The health benefits of olive oil make it an extremely attractive ingredient to use for cooking. Packed with polyphenols, amino acids, and healthy monounsaturated fats, olive oil can be a key factor not only in establishing a balanced diet but also in adding depth and flavor to food.
  • Olive oil is pressed from olives growing in the Mediterranean region. In the pharmaceutical industry, it has also been used as a vehicle for oily suspensions for injections and topically as a demulcent and emollient in creams or ointments. In years past, it was used as a laxative.
  • Olive oil has been used since ancient times as a cosmetic and to aid skin healing. The ancient Egyptians used it as an anti-wrinkle potion; the Romans used it as a moisturizer after bathing. To this day, olive oil is used widely in many countries to treat and prevent multiple skin conditions.
  • Olive oil is used for therapeutic benefits. However, due to its wide health benefits, olive oil is mostly used in aromatherapy which is increasing the demand for olive oil. Thus, increasing use in aromatherapy and household and driving the Olive Oil Market.

Segmentation Analysis of The Olive Oil Market

Olive Oil market segments cover the Type, Application, Distribution Channel, and End-users. By Type, The Virgin segment is Anticipated to Dominate the Market Over the Forecast period.

  • Virgin olive oil is obtained directly from the ripe fruit by mechanical procedures. It is the only consumed raw without the use of any solvents, so it keeps all its properties intact. Olive oil has excellent antioxidants such as polyphenols and vitamin E, which are lost if the oil is subjected to refining processes.
  • Virgin olive oil is mostly used as a salad dressing and as an ingredient in salad dressings. It is also used with foods to be eaten cold. If uncompromised by heat, the flavor is stronger. It also can be used for sautéing.
  • Virgin olive oil is a high-quality natural product obtained only by physical means. In addition to triacylglycerols, it contains nutritionally important polar and non-polar antioxidant phenols and other bioactive ingredients.

Regional Analysis of The Olive Oil Market

Europe is Expected to Dominate the Market Over the Forecast period.

  • The market in Europe is further fueled by consumers' increased interest in healthy oils as a means of avoiding lifestyle-related health issues that can arise from their hectic lifestyles. As a result, enterprises intending to enter the worldwide olive oil sector find these regions to be the most enticing.
  • Spain is the world’s largest producer of olive oil. According to the Food Information and Control Agency (AICA), Spain produced 1.3 million tonnes of olive oil in 2021, accounting for 42% of global olive oil production. Spain is also the largest olive oil exporter, with a share of 49% in 2021, followed by Greece (13%), Italy (11%), Tunisia (11%), and Portugal (10%).
  • Europe is the largest importing region of olive oil in the world. In 2021, European imports of olive oil accounted for 86% of the world’s total value of olive oil imports. European imports of olive oil recorded a slight decrease of 4% compared to 2020. Most of the olive oil trade in Europe is produced in the region, mainly in Spain and Italy.
  • European countries import most of their olive oil from other European countries (intra-European trade). In 2021, 13% of Europe’s imports of olive oil came from developing countries. The biggest share of intra-European trade consists of bulk olive oil blended by the largest olive oil companies before bottling. Significant volumes of bulk olive oil are not traded but only moved across borders by these companies for processing. For example, the leading European olive oil producer has facilities in both Spain and Italy, which exchange the company’s olive oil among them during processing.
  • European olive oil consumption was estimated at 1.46 million tonnes in 2021, which is approximately half of the total world consumption. Italy and Spain are the largest consumers of olive oil in the EU, with annual consumptions of around 500,000 tonnes each, while Greece has the biggest EU per capita consumption, with around 12 kg per person per year.

Covid-19 Impact Analysis On Olive Oil Market

The global market for organic olive oil grew as a result of the COVID-19 pandemic's outbreak. Consumers started including organic olive oil in their daily diets as a result of rising health concerns. Olive oil is widely used in a variety of products, including dietary supplements, food & beverages, and pharmaceuticals. Products containing organic olive oil are also used to cure chronic diseases. This factor led to high demand for organic olive oil products in the market. COVID-19 also has affected the market to some extent due to the lockdown. The manufacturing process was halted as well as the demand from the end users also decreased, which affected the market.

Top Key Players Covered in The Olive Oil Market

  • Borges International Group(Spain)
  • Deoleo S.A. (Spain)
  • EU Olive Oil (U.K.)
  • Artajo oil(Spain)
  • SALOV GROUP (Italy)
  • Aceites Sandúa (Spain)
  • Tucan Olive Oil Company (U.S.)
  • Domenico Manca S.p.a (Italy)
  • Minerva Foods(Greece)
  • Olinexo S.L. (Spain)
  • Nutrinveste SGPS (Portugal)
  • Curation Foods (U.S.), and Other Major Players

Key Industry Developments in the Olive Oil Market

  • In December2023: North American Olive Oil Association announced a new certification program for sustainable olive oil production practices, encouraging ethical and environmentally responsible sourcing.
  • In December 2023, Brio Partnered with a leading medical research institute to launch a study investigating the potential of olive oil in managing cholesterol levels.
  • In November 2023, La Mancha DOP announced a partnership with World Wildlife Fund (WWF) to launch a reforestation project, planting 10,000 olive trees in Spain to combat climate change and preserve biodiversity.
  • In October 2023, Colavita Introduced a new line of organic & carbon-neutral extra virgin olive oils from Italy, highlighting sustainability and environmental consciousness.

Global Olive Oil Market

Base Year:

2023

Forecast Period:

2024-2032

Historical Data:

2017 to 2023

Market Size in 2023:

USD 14.19 Bn.

Forecast Period 2024-2032 CAGR:

2.10%

Market Size in 2032:

USD 17.11 Bn

Segments Covered:

By Type

  • Virgin
  • Refined
  • Others

By Application

  • Food And Beverages
  • Pharmaceutical
  • Cosmetic And Personal Care
  • Aromatherapy
  • Others

By Distribution Channel

  • Online
  • Supermarkets or Hypermarkets
  • Specialty Store
  • Others

By End Users

  • Food and Beverage
  • Personal Care
  • Pharmaceuticals
  • Others

By Region

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Increasing Awareness About Health Benefits

Key Market Restraints:

  • Availability of Alternative Oils May Hamper The Market Growth Rate

Key Opportunities:

  • Increasing Use of Olive Oil in Aromatherapy and household

Companies Covered in the report:

  • Borges International Group (Spain), Deoleo S.A. (Spain), EU Olive Oil (U.K.), Artajo oil (Spain), SALOV GROUP (Italy), and Other major players.

Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
 3.1 By Type
 3.2 By Application
 3.3 By Distribution Channel
 3.4 By End Users

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 5: Olive Oil Market by Type
 5.1 Olive Oil Market Overview Snapshot and Growth Engine
 5.2 Olive Oil Market Overview
 5.3 Virgin
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2017-2032F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Virgin: Geographic Segmentation
 5.4 Refined
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2017-2032F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Refined: Geographic Segmentation
 5.5 Others
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size (2017-2032F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Others: Geographic Segmentation

Chapter 6: Olive Oil Market by Application
 6.1 Olive Oil Market Overview Snapshot and Growth Engine
 6.2 Olive Oil Market Overview
 6.3 Food And Beverages
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size (2017-2032F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Food And Beverages: Geographic Segmentation
 6.4 Pharmaceutical
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size (2017-2032F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Pharmaceutical: Geographic Segmentation
 6.5 Cosmetic And Personal Care
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size (2017-2032F)
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 Cosmetic And Personal Care: Geographic Segmentation
 6.6 Aromatherapy
  6.6.1 Introduction and Market Overview
  6.6.2 Historic and Forecasted Market Size (2017-2032F)
  6.6.3 Key Market Trends, Growth Factors and Opportunities
  6.6.4 Aromatherapy: Geographic Segmentation
 6.7 Others
  6.7.1 Introduction and Market Overview
  6.7.2 Historic and Forecasted Market Size (2017-2032F)
  6.7.3 Key Market Trends, Growth Factors and Opportunities
  6.7.4 Others: Geographic Segmentation

Chapter 7: Olive Oil Market by Distribution Channel
 7.1 Olive Oil Market Overview Snapshot and Growth Engine
 7.2 Olive Oil Market Overview
 7.3 Online
  7.3.1 Introduction and Market Overview
  7.3.2 Historic and Forecasted Market Size (2017-2032F)
  7.3.3 Key Market Trends, Growth Factors and Opportunities
  7.3.4 Online: Geographic Segmentation
 7.4 Supermarkets or Hypermarkets
  7.4.1 Introduction and Market Overview
  7.4.2 Historic and Forecasted Market Size (2017-2032F)
  7.4.3 Key Market Trends, Growth Factors and Opportunities
  7.4.4 Supermarkets or Hypermarkets: Geographic Segmentation
 7.5 Specialty Store
  7.5.1 Introduction and Market Overview
  7.5.2 Historic and Forecasted Market Size (2017-2032F)
  7.5.3 Key Market Trends, Growth Factors and Opportunities
  7.5.4 Specialty Store: Geographic Segmentation
 7.6 Others
  7.6.1 Introduction and Market Overview
  7.6.2 Historic and Forecasted Market Size (2017-2032F)
  7.6.3 Key Market Trends, Growth Factors and Opportunities
  7.6.4 Others: Geographic Segmentation

Chapter 8: Olive Oil Market by End Users
 8.1 Olive Oil Market Overview Snapshot and Growth Engine
 8.2 Olive Oil Market Overview
 8.3 Food and Beverage
  8.3.1 Introduction and Market Overview
  8.3.2 Historic and Forecasted Market Size (2017-2032F)
  8.3.3 Key Market Trends, Growth Factors and Opportunities
  8.3.4 Food and Beverage: Geographic Segmentation
 8.4 Personal Care
  8.4.1 Introduction and Market Overview
  8.4.2 Historic and Forecasted Market Size (2017-2032F)
  8.4.3 Key Market Trends, Growth Factors and Opportunities
  8.4.4 Personal Care: Geographic Segmentation
 8.5 Pharmaceuticals
  8.5.1 Introduction and Market Overview
  8.5.2 Historic and Forecasted Market Size (2017-2032F)
  8.5.3 Key Market Trends, Growth Factors and Opportunities
  8.5.4 Pharmaceuticals: Geographic Segmentation
 8.6 Others
  8.6.1 Introduction and Market Overview
  8.6.2 Historic and Forecasted Market Size (2017-2032F)
  8.6.3 Key Market Trends, Growth Factors and Opportunities
  8.6.4 Others: Geographic Segmentation

Chapter 9: Company Profiles and Competitive Analysis
 9.1 Competitive Landscape
  9.1.1 Competitive Positioning
  9.1.2 Olive Oil Sales and Market Share By Players
  9.1.3 Industry BCG Matrix
  9.1.4 Heat Map Analysis
  9.1.5 Olive Oil Industry Concentration Ratio (CR5 and HHI)
  9.1.6 Top 5 Olive Oil Players Market Share
  9.1.7 Mergers and Acquisitions
  9.1.8 Business Strategies By Top Players
 9.2 BORGES INTERNATIONAL GROUP (SPAIN)
  9.2.1 Company Overview
  9.2.2 Key Executives
  9.2.3 Company Snapshot
  9.2.4 Operating Business Segments
  9.2.5 Product Portfolio
  9.2.6 Business Performance
  9.2.7 Key Strategic Moves and Recent Developments
  9.2.8 SWOT Analysis
 9.3 DEOLEO S.A. (SPAIN)
 9.4 EU OLIVE OIL (U.K.)
 9.5 ARTAJO OIL (SPAIN)
 9.6 SALOV GROUP (ITALY)
 9.7 ACEITES SANDÚA (SPAIN)
 9.8 TUCAN OLIVE OIL COMPANY (U.S.)
 9.9 DOMENICO MANCA S.P.A (ITALY)
 9.10 MINERVA FOODS (GREECE)
 9.11 OLINEXO S.L. (SPAIN)
 9.12 NUTRINVESTE SGPS (PORTUGAL)
 9.13 CURATION FOODS (U.S.)
 9.14 OTHER MAJOR PLAYERS.

Chapter 10: Global Olive Oil Market Analysis, Insights and Forecast, 2017-2032
 10.1 Market Overview
 10.2 Historic and Forecasted Market Size By Type
  10.2.1 Virgin
  10.2.2 Refined
  10.2.3 Others
 10.3 Historic and Forecasted Market Size By Application
  10.3.1 Food And Beverages
  10.3.2 Pharmaceutical
  10.3.3 Cosmetic And Personal Care
  10.3.4 Aromatherapy
  10.3.5 Others
 10.4 Historic and Forecasted Market Size By Distribution Channel
  10.4.1 Online
  10.4.2 Supermarkets or Hypermarkets
  10.4.3 Specialty Store
  10.4.4 Others
 10.5 Historic and Forecasted Market Size By End Users
  10.5.1 Food and Beverage
  10.5.2 Personal Care
  10.5.3 Pharmaceuticals
  10.5.4 Others

Chapter 11: North America Olive Oil Market Analysis, Insights and Forecast, 2017-2032
 11.1 Key Market Trends, Growth Factors and Opportunities
 11.2 Impact of Covid-19
 11.3 Key Players
 11.4 Key Market Trends, Growth Factors and Opportunities
 11.4 Historic and Forecasted Market Size By Type
  11.4.1 Virgin
  11.4.2 Refined
  11.4.3 Others
 11.5 Historic and Forecasted Market Size By Application
  11.5.1 Food And Beverages
  11.5.2 Pharmaceutical
  11.5.3 Cosmetic And Personal Care
  11.5.4 Aromatherapy
  11.5.5 Others
 11.6 Historic and Forecasted Market Size By Distribution Channel
  11.6.1 Online
  11.6.2 Supermarkets or Hypermarkets
  11.6.3 Specialty Store
  11.6.4 Others
 11.7 Historic and Forecasted Market Size By End Users
  11.7.1 Food and Beverage
  11.7.2 Personal Care
  11.7.3 Pharmaceuticals
  11.7.4 Others
 11.8 Historic and Forecast Market Size by Country
  11.8.1 U.S.
  11.8.2 Canada
  11.8.3 Mexico

Chapter 12: Europe Olive Oil Market Analysis, Insights and Forecast, 2017-2032
 12.1 Key Market Trends, Growth Factors and Opportunities
 12.2 Impact of Covid-19
 12.3 Key Players
 12.4 Key Market Trends, Growth Factors and Opportunities
 12.4 Historic and Forecasted Market Size By Type
  12.4.1 Virgin
  12.4.2 Refined
  12.4.3 Others
 12.5 Historic and Forecasted Market Size By Application
  12.5.1 Food And Beverages
  12.5.2 Pharmaceutical
  12.5.3 Cosmetic And Personal Care
  12.5.4 Aromatherapy
  12.5.5 Others
 12.6 Historic and Forecasted Market Size By Distribution Channel
  12.6.1 Online
  12.6.2 Supermarkets or Hypermarkets
  12.6.3 Specialty Store
  12.6.4 Others
 12.7 Historic and Forecasted Market Size By End Users
  12.7.1 Food and Beverage
  12.7.2 Personal Care
  12.7.3 Pharmaceuticals
  12.7.4 Others
 12.8 Historic and Forecast Market Size by Country
  12.8.1 Germany
  12.8.2 U.K.
  12.8.3 France
  12.8.4 Italy
  12.8.5 Russia
  12.8.6 Spain
  12.8.7 Rest of Europe

Chapter 13: Asia-Pacific Olive Oil Market Analysis, Insights and Forecast, 2017-2032
 13.1 Key Market Trends, Growth Factors and Opportunities
 13.2 Impact of Covid-19
 13.3 Key Players
 13.4 Key Market Trends, Growth Factors and Opportunities
 13.4 Historic and Forecasted Market Size By Type
  13.4.1 Virgin
  13.4.2 Refined
  13.4.3 Others
 13.5 Historic and Forecasted Market Size By Application
  13.5.1 Food And Beverages
  13.5.2 Pharmaceutical
  13.5.3 Cosmetic And Personal Care
  13.5.4 Aromatherapy
  13.5.5 Others
 13.6 Historic and Forecasted Market Size By Distribution Channel
  13.6.1 Online
  13.6.2 Supermarkets or Hypermarkets
  13.6.3 Specialty Store
  13.6.4 Others
 13.7 Historic and Forecasted Market Size By End Users
  13.7.1 Food and Beverage
  13.7.2 Personal Care
  13.7.3 Pharmaceuticals
  13.7.4 Others
 13.8 Historic and Forecast Market Size by Country
  13.8.1 China
  13.8.2 India
  13.8.3 Japan
  13.8.4 Singapore
  13.8.5 Australia
  13.8.6 New Zealand
  13.8.7 Rest of APAC

Chapter 14: Middle East & Africa Olive Oil Market Analysis, Insights and Forecast, 2017-2032
 14.1 Key Market Trends, Growth Factors and Opportunities
 14.2 Impact of Covid-19
 14.3 Key Players
 14.4 Key Market Trends, Growth Factors and Opportunities
 14.4 Historic and Forecasted Market Size By Type
  14.4.1 Virgin
  14.4.2 Refined
  14.4.3 Others
 14.5 Historic and Forecasted Market Size By Application
  14.5.1 Food And Beverages
  14.5.2 Pharmaceutical
  14.5.3 Cosmetic And Personal Care
  14.5.4 Aromatherapy
  14.5.5 Others
 14.6 Historic and Forecasted Market Size By Distribution Channel
  14.6.1 Online
  14.6.2 Supermarkets or Hypermarkets
  14.6.3 Specialty Store
  14.6.4 Others
 14.7 Historic and Forecasted Market Size By End Users
  14.7.1 Food and Beverage
  14.7.2 Personal Care
  14.7.3 Pharmaceuticals
  14.7.4 Others
 14.8 Historic and Forecast Market Size by Country
  14.8.1 Turkey
  14.8.2 Saudi Arabia
  14.8.3 Iran
  14.8.4 UAE
  14.8.5 Africa
  14.8.6 Rest of MEA

Chapter 15: South America Olive Oil Market Analysis, Insights and Forecast, 2017-2032
 15.1 Key Market Trends, Growth Factors and Opportunities
 15.2 Impact of Covid-19
 15.3 Key Players
 15.4 Key Market Trends, Growth Factors and Opportunities
 15.4 Historic and Forecasted Market Size By Type
  15.4.1 Virgin
  15.4.2 Refined
  15.4.3 Others
 15.5 Historic and Forecasted Market Size By Application
  15.5.1 Food And Beverages
  15.5.2 Pharmaceutical
  15.5.3 Cosmetic And Personal Care
  15.5.4 Aromatherapy
  15.5.5 Others
 15.6 Historic and Forecasted Market Size By Distribution Channel
  15.6.1 Online
  15.6.2 Supermarkets or Hypermarkets
  15.6.3 Specialty Store
  15.6.4 Others
 15.7 Historic and Forecasted Market Size By End Users
  15.7.1 Food and Beverage
  15.7.2 Personal Care
  15.7.3 Pharmaceuticals
  15.7.4 Others
 15.8 Historic and Forecast Market Size by Country
  15.8.1 Brazil
  15.8.2 Argentina
  15.8.3 Rest of SA

Chapter 16 Investment Analysis

Chapter 17 Analyst Viewpoint and Conclusion

Global Olive Oil Market

Base Year:

2023

Forecast Period:

2024-2032

Historical Data:

2017 to 2023

Market Size in 2023:

USD 14.19 Bn.

Forecast Period 2024-2032 CAGR:

2.10%

Market Size in 2032:

USD 17.11 Bn

Segments Covered:

By Type

  • Virgin
  • Refined
  • Others

By Application

  • Food And Beverages
  • Pharmaceutical
  • Cosmetic And Personal Care
  • Aromatherapy
  • Others

By Distribution Channel

  • Online
  • Supermarkets or Hypermarkets
  • Specialty Store
  • Others

By End Users

  • Food and Beverage
  • Personal Care
  • Pharmaceuticals
  • Others

By Region

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Increasing Awareness About Health Benefits

Key Market Restraints:

  • Availability of Alternative Oils May Hamper The Market Growth Rate

Key Opportunities:

  • Increasing Use of Olive Oil in Aromatherapy and household

Companies Covered in the report:

  • Borges International Group (Spain), Deoleo S.A. (Spain), EU Olive Oil (U.K.), Artajo oil (Spain), SALOV GROUP (Italy), and Other major players.
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Frequently Asked Questions :

What would be the forecast period in the Olive Oil Market research report?

The forecast period in the Olive Oil Market research report is 2024-2032.

Who are the key players in Olive Oil Market?

Borges International Group (Spain), Deoleo S.A. (Spain), EU Olive Oil (U.K.), Artajo oil (Spain), SALOV GROUP (Italy), Aceites Sandúa (Spain), Tucan Olive Oil Company (U.S.), Domenico Manca S.p.a (Italy), Minerva Foods (Greece), Olinexo S.L. (Spain), Nutrinveste SGPS (Portugal), Curation Foods (U.S.), and other major Players.

What are the segments of the Olive Oil Market?

The Olive Oil Market is segmented into Type, Application, Distribution Channel, End Users, and region. By Type, the market is categorized into Virgin, Refined, and Others. By Application, the market is categorized into Food and Beverages, Pharmaceutical, Cosmetic and Personal Care, Aromatherapy, and Others. By Distribution Channel, the market is categorized into Online, Supermarkets or Hypermarkets, Specialty Store and Others. By End Users, the market is categorized into Food and Beverage, Personal Care, Pharmaceuticals and Others. By region, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).

What is the Olive Oil Market?

Olive oil is a liquid fat obtained by pressing whole olives (the fruit of Olea europaea; family Oleaceae), a traditional tree crop of the Mediterranean Basin, and extracting the oil. It is commonly used in cooking, for frying foods, or as a salad dressing. It can also be found in some cosmetics, pharmaceuticals, soaps, and fuels for traditional oil lamps.

How big is the Olive Oil Market?

The Olive Oil Market size is estimated at 14.19 billion USD in 2023 and is expected to reach 17.11 billion USD by 2032, growing at a CAGR of 2.10% during the forecast period (2024-2032)