According to IMARC Group’s latest research report, titled “Olive Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” presents a comprehensive analysis of the industry, covering olive oil market price, opportunity, statistics size, share, trends, demand, and growth prospects. The report also provides competitor and regional analysis and showcases the contemporary advancements in the global market.
How big is the Olive Oil Market?
The global olive oil market size reached US$ 13.84 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 18.28 Billion by 2028, exhibiting a growth rate (CAGR) of 4.60% during 2023-2028.
What is Olive Oil?
Olive oil is a liquid fat acquired from olives, a traditional Mediterranean basin crop. It is a common ingredient in Mediterranean cuisine and is widely recognized for its health benefits. It consists of monounsaturated fatty acids, which are considered to be a healthy type of fat. It is also rich in antioxidants, including polyphenols, which help to protect the body against oxidative damage. Olive oil is commonly used for cooking and baking, as well as for dressing salads and other dishes. It is also used in cosmetic and beauty products due to its moisturizing and antioxidant properties. There are several different types of olive oil, including extra-virgin, virgin, and refined olive oil.
What are the Growth Prospects and Trends in the Olive Oil Market?
The global market is majorly driven by increasing health awareness among consumers. In line with this, the growing popularity of Mediterranean cuisine is significantly contributing to the market growth. Furthermore, the rising demand for natural and organic food products is positively influencing the market. Apart from this, the escalating demand for premium-quality olive oil products is catalyzing the market. Moreover, the increasing demand for healthy and natural food products is propelling the market. Besides, the escalating demand for olive fruit oil across the food service and retail channels is strengthening the market. Additionally, the increasing interest in trying out exotic cuisines is leading to the rising popularity of Olea europaea fruit oil worldwide. This, in turn, is offering lucrative opportunities for market expansion.
Who are the key Players Operating in the Industry?
- Artajo Oil
- Borges International Group
- S.L.U.
- California Olive Ranch Inc.
- Cargill Incorporated
- Colavita SpA
- Conagra Brands Inc.
- Del Monte Foods Inc. (Del Monte Pacific Ltd.)
- Deoleo
- Domenico Manca S.p.a.
- EU Olive Oil Ltd.
- Gallo Worldwide
- Gruppo Salov
- Sovena Group
What is included in Market Segmentation?
The report has segmented the market into the following categories:
Type Insights:
- Virgin Olive Oil
- Refined Olive Oil
- Extra Virgin Olive Oil
- Olive Pomace Oil
- Others
Distribution Channel Insights:
- Supermarkets and Hypermarkets
- Convenience Stores
- Online Stores
- Others
Application Insights:
- Food and Beverage
- Pharmaceuticals
- Cosmetics
- Others
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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