About Extra Virgin Olive Oil
Extra virgin olive oil is extracted from the olive, the fruit of the olive tree, using only mechanical or other physical means, in thermal conditions, which do not change the oil in any way. Extra virgin olive oil is having a free acidity, expressed as oleic acid, of not more than 0.8 grams per 100 grams and a peroxide value of less than 20 milliequivalent O2. It must be manufactured completely without the use of any solvents, and under temperatures that will not degrade the oil. The EU is the leading world’s producer of olive oil, accounting for 80% and consumes near about 70% of the world’s olive oil. Spain is the top manufacturer worldwide, followed by Italy, Greece, and Portugal. Each tablespoon of extra virgin olive oil has about 1.9 mg of Vitamin E, a fat-soluble anti-oxidant that can protect the body against eye and skin problems and in fact make hair and skin much healthier. It has also been shown to protect the body from diabetes, neurological diseases such as Alzheimer's, and lung cancer.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that Spanish Vendors will contribute the maximum growth to Global Extra Virgin 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.
Salov North America Corp (United States), Agro Sevilla Group (Spain), Star Fine Foods (United States), Deoleo (Spain), Borges USA (United States), Grupo Ybarra Alimentación (Spain), Carapelli Firenze S.p.A (Italy), Sovena (Portugal), Cobram Estate (Australia) and Del Monte Foods (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Extra Virgin Olive Oil market by Type (Virgin Olive Oil, Refined Olive Oil, Olive Oil, Crude Olive-Pomace Oil, Refined Olive-Pomace Oil and Olive-Pomace Oil), Application (B2B and B2C) and Region.
On the basis of geography, the market of Extra Virgin 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). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Extra Virgin Olive Oil market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Packaging Method, the sub-segment i.e. Glass Container will boost the Extra Virgin Olive Oil market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Packaging Size, the sub-segment i.e. Less than 500ml will boost the Extra Virgin Olive Oil market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Popularity of Virgin Olive Oil among the Health-Conscious Population and Health Benefits Associated With the Consumption of Olive Oil
Market Growth Drivers:
Growing Urbanization and Globalization of Food Trade Is Anticipated. Increasing Disposable Income
Challenges:
Side Effects Related to Olive Oil
Restraints:
High Cost of Extra Virgin Olive Oil as Compare to Normal Oil
Opportunities:
Growing Acceptance of Olive Oil in Culinary Uses and Increasing Consumption of Olive Oil
Market Leaders and their expansionary development strategies
Portuguese olive oil manufacturer Grupo Sovena has entered the Chilean market with the purchase of a 24.6% stake in local company Soho.
Pompeian, Inc. The Olive Oil People announced the expansion of their olive oil and vinegar portfolios with three innovations that will aim to eliminate confusion in the aisle and provide shoppers with a product for every unique taste preference and cooking occasion.
All olive oils sold at the retail stage in the EU must be labelled in accordance with the general labelling requirements of Directive 2000/13/EC. In any case, a label may not mislead consumers regarding the characteristics of oils (composition, quality, origin, category, method of production, etc.). More information on these general labelling requirements can be found in the CBI document EU legislation: Food labelling.
Key Target Audience
Manufacturers of Olive Oil, Suppliers of Olive Oil, Wholesalers, Distributors and Retailers of Olive Oil, Food & Beverage Industry, Regulatory Bodies, Research Organization and Governmental Bodies
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.