About Olive Oil
Olive oil is a liquid fat extracted from the fruits of the olive tree (Olea europaea). It's been a prized culinary ingredient and household staple for millennia, revered for its rich flavor, health benefits, and versatility. The main ingredient of olive oil is oleic acid with a small amount of fatty acids such as linoleic acid and palmitic acid. Out of various types of Olive oil, extra virgin oil has less than 0.8% of free acidity making it good in flavor. Olive oil's flavor profile varies depending on the olive variety, growing region, and production method. In the past few years, the global olive oil market has significantly grown.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key players are adopting numerous strategies to gain market attention and to increase their market share, this strategy can be listed as increasing product portfolio, making partnerships to adopt certain technologies, and acquiring small players to finish the competition in the future. As well as investing money in the R&D sector to make technical upgrades to the product. Analyst at AMA Research estimates that Spanish Vendors will contribute the maximum growth to Global Olive Oil market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Lamasia [Spain], Sovena Group [Portugal], Gallo [Portugal], Grup Pons [Spain], Maeva Group [Spain], Ybarra [Spain], Jaencoop [Spain], Deoleo [Spain], Carbonell [Spain], Hojiblanca [Spain], Mueloliva [Spain], Borges [Spain], Olivoila [Italy], BETIS [Spain] and Minerva [Germany] are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Archer Daniels Midland Company [United States], Bunge Limited [United States], International Foodstuff Company Holdings Limited [United Arab Emirates], United Plantations Berhad [Malaysia] and Conagra Brands [United States].
Segmentation Overview
AMA Research has segmented the market of Global Olive Oil market by Type (Extra Virgin Olive Oil, Olive Oil, Olive Pomace Oil and Refined olive oil), Application (Cooking, Cosmetics, Pharmaceuticals and Other) and Region.
On the basis of Type, Extra Virgin Olive Oil are dominating the market in the year 2023On the basis of geography, the market of Olive Oil has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Europe region held largest market share in the year 2023. If we see Market by Flavor, the sub-segment i.e. Delicate will boost the Olive Oil market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Extract Method, the sub-segment i.e. Cold-pressed will boost the Olive Oil market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Acceptance of Olive Oil in Culinary Uses and Increasing Use of Personal Care Products
Market Growth Drivers:
Growing Demand for Olive Oil Owing to Healthy benefits Associated With Its Use and Rising Demand for Biodiesel
Challenges:
Excessive Consumption may Affect the Health Adversely and High Cost Involved in Extraction of Olive Oil
Restraints:
New Label Requirements & Trans-fat Levels Limit Consumption and Limited Production of Olive Oil in Some Geographic Areas
Opportunities:
Rapid Growth in Raw Material Cultivation and Production and Growth in Production in Emerging Countries of Asia Pacific
Market Leaders and their expansionary development strategies
In October 2023, Spanish giant Deoleo, owner of brands like Bertolli and Carbonell, acquired Bunge's edible olive oil business, further consolidating its position as a global leader. This move strengthens Deoleo's presence in North America and Asia.
In September 2023, Spanish producer Acesur launched a new range of olive oils with flavors like smoked paprika and garlic, targeting culinary adventurous consumers seeking unique flavor profiles.
FDA mandates proper labeling of Olive oil products just as it does to other consumer goods. Mis-branding of products may lead to stern punishment against concerned firms.
Key Target Audience
Olive Oil Manufacturers, Suppliers/Distributors, Potential Investors, Research Institutes, Government Agencies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.