Saudi Arabia Olive Oil Market Overview, 2030

The Saudi Arabian olive oil market is a dynamic sector, marked by a fascinating interplay of tradition and modern agricultural development. Characterized by the burgeoning cultivation of olive groves, particularly in regions like Al-Jouf, the Kingdom is witnessing a notable rise in domestic olive oil production. This growth is driven by substantial governmental investments in agricultural technology and sustainability initiatives, aiming to enhance food security and diversify the national economy, in line with Vision 2030. Saudi consumers, with a rising health consciousness, are increasingly valuing the nutritional benefits of olive oil, integrating it into traditional Saudi cuisine and modern culinary practices. Furthermore, the market is seeing an expansion of retail options, from hypermarkets and online platforms to specialized local producers, offering a variety of olive oil products. This evolution is also coupled with the rise of agritourism in olive growing regions, allowing consumers to experience the olive harvest and production process firsthand, further solidifying the connection between local production and Saudi cultural values. The market is also seeing an increase in organic olive oil production, to meet the needs of the more health concious consumers. The history of Saudi Arabia's olive oil market reflects a shift from primarily import-dependent consumption to a burgeoning domestic production sector, driven by strategic governmental initiatives. While traditional olive oil usage existed, modern commercial cultivation gained momentum in the early 21st century, particularly in the Al-Jouf region. Regulatory policies, largely aligned with Gulf Cooperation Council (GCC) standardization, emphasize quality control, food safety, and adherence to international standards like those set by the Codex Alimentarius. This framework ensures that both imported and domestically produced olive oil meets rigorous criteria, encompassing aspects like acidity levels and sensory evaluations. Furthermore, Saudi Arabia is working to improve the quality of their own olive oil, and increase domestic production, to lessen the reliance on imports. These regulations are also tied to Saudi Arabia's ""Vision 2030"" plan, which has a focus on agricultural sustainability, and food security.

According to the research report, “Saudi Arabia Olive oil Market Overview, 2030,"" published by Bonafide Research, the Saudi Arabia Olive oil market is anticipated to add to more than USD 70 Million by 2025–30. The Saudi Arabia olive oil market is experiencing steady growth, driven by evolving consumer preferences, government initiatives, and trade dynamics. A key market trend is the increasing awareness of the health benefits associated with olive oil, particularly its role in the Mediterranean diet, which has gained popularity among health-conscious consumers. This has led to a rising demand for premium olive oils, including extra virgin and organic varieties. Additionally, the market is witnessing a shift towards sustainable and natural products, with consumers showing a preference for cold-pressed and minimally processed olive oils. The growing influence of international cuisines, coupled with the expansion of the foodservice sector, has further boosted the demand for olive oil in Saudi Arabia. Market drivers include the cultural significance of olives in the region, which has historically been a staple in Middle Eastern cuisine. The government's focus on promoting domestic olive cultivation through initiatives such as the National Transformation Program has also played a pivotal role in supporting the market. These efforts aim to reduce reliance on imports and enhance local production capabilities, particularly in regions like Al-Jouf, which is known for its olive farms. Furthermore, the increasing disposable income of consumers and the rising popularity of healthy cooking oils have contributed to the market's expansion. The incorporation of olive oil into various traditional and international dishes has also driven its adoption across households and foodservice establishments. Trade programs and policies have been instrumental in shaping the Saudi olive oil market. The country relies heavily on imports to meet its demand, sourcing olive oil from leading producers such as Spain, Italy, and Greece. Trade agreements and partnerships with these countries have facilitated the steady supply of high-quality olive oils to Saudi Arabia.

In Saudi Arabia, olive oil market is defined by a diverse range of products catering to the unique preferences and demands of its consumers, including extra virgin olive oil, virgin olive oil, refined olive oil, and olive pomace oil. Extra virgin olive oil holds a prominent position in the market due to its superior quality, rich flavor, and health benefits, making it a preferred choice among health-conscious consumers and those seeking premium products for culinary use. Virgin olive oil, while slightly lower in quality compared to extra virgin, is also widely consumed for its affordability and versatility in everyday cooking. Refined olive oil, characterized by its neutral taste and higher smoke point, is extensively used in commercial kitchens and food processing industries, catering to the growing demand for healthier cooking oils in bulk applications. Olive pomace oil, derived from the residue of olive pressing, is the most economical option and is often utilized in high-volume cooking and industrial food production. The Saudi market's reliance on both domestic production and imports significantly influences the type segmentation. The Al-Jouf region, known for its olive farms, contributes to the local production of high-quality olive oils, particularly extra virgin and virgin varieties. However, the country also imports a substantial volume of olive oil from leading producers such as Spain, Italy, and Greece to meet the growing demand. Imported olive oils, especially those with organic and cold-pressed certifications, are gaining popularity among consumers who prioritize natural and minimally processed products. The Saudi market's cultural significance of olives, coupled with the rising disposable income of consumers, has led to a growing preference for high-quality olive oils across households, foodservice establishments, and food manufacturers.

Saudi Arabia olive oil market is shaped by the country's unique demographic, cultural, and economic landscape, encompassing households, foodservice establishments, and food manufacturing industries. Households represent a significant segment, driven by the cultural importance of olive oil in Middle Eastern cuisine and the increasing awareness of its health benefits. Saudi families, particularly in urban areas, are adopting olive oil as a staple in their kitchens, using it for traditional dishes like kabsa and mandi, as well as for international recipes influenced by Mediterranean and global cuisines. Extra virgin olive oil is particularly favored in this segment for its superior quality and nutritional value, aligning with the preferences of health-conscious consumers. The growing trend of organic and cold-pressed olive oils also resonates strongly with this group, reflecting a shift towards sustainable and minimally processed products. The foodservice sector, including hotels, restaurants, and cafes (HoReCa), constitutes another vital end-user segment. This sector's demand is fueled by Saudi Arabia's thriving hospitality and tourism industry, which caters to a global clientele with diverse tastes. Olive oil is a key ingredient in many international cuisines, making it an essential component in the menus of fine dining establishments and casual eateries alike. Refined olive oil and olive pomace oil are commonly used in this segment due to their cost-effectiveness and versatility in high-volume cooking applications. The food manufacturing industry also plays a crucial role as an end-user of olive oil in Saudi Arabia. This segment utilizes olive oil in the production of a wide range of products, including dressings, sauces, marinades, and baked goods. The industry's preference for refined olive oil stems from its neutral flavor and stability, which make it suitable for various processing requirements. The increasing consumer demand for clean-label and health-oriented products has prompted manufacturers to incorporate premium olive oils into their formulations, enhancing the appeal of their offerings.

Olive oil market in Saudi Arabia is deeply influenced by the country's reliance on both domestic production and imports to meet its growing demand. Saudi Arabia has made significant strides in cultivating olives locally, particularly in the Al-Jouf region, which is renowned for its expansive olive farms and high-quality production. This region has become a cornerstone of the domestic olive oil industry, producing premium extra virgin and virgin olive oils that cater to health-conscious consumers and those seeking locally sourced products. However, the country's desert climate limits the scale of domestic production, necessitating substantial imports to bridge the gap between supply and demand. Spain, the world's largest olive oil producer, dominates Saudi Arabia's import market, supplying a wide range of olive oils, including extra virgin, virgin, and refined varieties. Italian olive oil, celebrated for its rich flavor and artisanal appeal, also holds a strong presence, catering to the premium segment of the market. Greece, known for its robust and traditionally produced olive oils, has carved a niche among consumers who value authenticity and bold flavors. The Saudi market has also seen a growing interest in organic and cold-pressed olive oils, prompting imports from countries like Tunisia and Morocco, which leverage their traditional production methods and organic certifications to appeal to environmentally conscious and health-focused consumers. The strategic trade relationships and agreements between Saudi Arabia and these olive oil-producing nations ensure a steady supply of high-quality products, while also fostering competitive pricing and variety in the market. The distribution of imported olive oil is facilitated through a robust network of wholesalers, distributors, and retailers, including supermarkets, hypermarkets, specialty stores, and online platforms. The interplay between domestic production and imports highlights the importance of maintaining quality standards and authenticity in the Saudi olive oil market. Consumers increasingly seek transparency and traceability in the products they purchase, driving demand for certified and high-quality olive oils.

Considered in this report
• Historic Year: 2019
• Base year: 2024
• Estimated year: 2025
• Forecast year: 2030

Aspects covered in this report
• Olive Oil Market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Type
• Extra Virgin Olive Oil (EVOO)
• Virgin Olive Oil
• Refined Olive Oil
• Others (Blended & Flavored Oils)

By End User
• Households/Residential
• Foodservice & HoReCa
• Cosmetics & Personal Care
• Pharmaceutical Industry
• Industrial & Others(soap and detergent manufacturing, textile and leather processing, lubricants, biodiesel production, wood polishing, and premium pet food)

By Source
• Conventional
• Organic

By Distribution Channel
• Supermarkets & Hypermarkets
• Online Retail
• Convenience Stores
• Specialty Stores
• Others (Direct Sales & HoReCa)

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to agriculture industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.