Global Olive Oil Market Size, Share & Trends Analysis Report By Type (Virgin, Refined, Extra Virgin and Others), By Application, By Distribution Channel, By Regional Outlook and Forecast, 2023 - 2030
The Global Olive Oil Market size is expected to reach $26.5 billion by 2030, rising at a market growth of 4.9% CAGR during the forecast period. In the year 2022, the market attained a volume of 1,152.7 Kilo Tonnes experiencing a growth of 5.3% (2019-2022).
The demand for premium and specialty oils, such as extra virgin olive oil, has increased in the North American region. Consequently, the North America region would acquire nearly 25% of the total market share by 2030. Consumers are willing to pay a premium for high-quality, authentic, traceable olive oil products. This trend aligns with a broader interest in gourmet and specialty food products. Hence, these factors can lead to increased demand in the segment.
The increasing awareness of the health benefits associated with the oil consumption has been a significant driver of demand for this culinary oil. Moreover, the oil contains polyphenols, which are powerful antioxidants. These compounds support overall health. Hence, these factors can boost the demand for the oil in the upcoming years. Additionally, the Mediterranean diet, characterized by the oil, fruits, vegetables, and whole grains, has gained global popularity. Additionally, the oil is used to prepare dips, such as hummus, baba ganoush, and various sauces. Thus, owing to these aspects, there will be increased demand for the oil in the upcoming years.
However, the market faces a formidable challenge in the form of climate variability, marked by unpredictable changes in rainfall patterns and temperature fluctuations. Additionally, fluctuations in temperature, including unseasonal warmth or unexpected cold spells, disrupt the delicate balance required for optimal flowering and fruit set. Therefore, these factors can hamper the growth of the market.
By Type Analysis
On the basis of type, the market is divided into refined, virgin, extra virgin, and others. In 2022, the extra virgin segment witnessed a 12% revenue share in the market. Extra virgin oils exhibit diverse flavor profiles influenced by the olive variety, growing conditions, and harvesting methods. The oil extra virgin is widely recognized for its numerous health benefits. It is abundant in antioxidants, including polyphenols and monounsaturated lipids. Therefore, the segment will witness enhanced growth in the coming years.
By Application Analysis
Based on application, the market is divided into personal care & cosmetics, pharmaceuticals, food & beverage, and others. In 2022, the personal care and cosmetics segment witnessed a 20% revenue share in the market. The oil is a remarkable natural moisturizer owing to its substantial composition of healthy lipids and antioxidants. The oil helps to lock in moisture, leaving the skin soft and supple. Hence, the segment will grow rapidly in the upcoming years.
By Distribution Channel Analysis
Based on distribution channel, the market is segmented into hypermarkets/supermarkets, online, and others. In 2022, the online segment garnered a 30% revenue share in the market. Online marketplaces have experienced a surge in prominence due to the convenience of perusing an extensive assortment of products and providing doorstep delivery.
By Regional Analysis
By region, the market is segmented into North America, Europe, Asia Pacific, and LAMEA. In 2022, the Europe segment acquired 52% revenue share in the market. Europe is a major consumer of the oil, with a strong culinary tradition that includes oil in various dishes. Consumers in countries like Italy, Spain, and Greece often prefer extra virgin oil for its quality and flavor. As a result, these factors can boost the demand in the segment.
List of Key Companies Profiled
- Salov SpA (ShangHai Yimin No.1 Foods (Group)Co., Ltd.)
- Cargill, Incorporated
- Del Monte Foods Private Limited (Del Monte Pacific Limited) (Bharti Enterprises)
- Conagra Brands, Inc.
- DEOLEO, S.A. (CVC Capital Partners SICAV-FIS S.A.)
- Modi Naturals Ltd.
- Sovena Group (Nutrinveste SGPS, SA)
- Pompeian, Inc.
By Type (Volume, Kilo Tonnes, USD Billion, 2019-2030)
- Virgin
- Refined
- Extra Virgin
- Others
- Food and Beverage
- Personal Care & Cosmetics
- Pharmaceuticals
- Others
- Hypermarkets/Supermarkets
- Online
- Others
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Global Olive Oil Market, by Type
- 1.4.2 Global Olive Oil Market, by Application
- 1.4.3 Global Olive Oil Market, by Distribution Channel
- 1.4.4 Global Olive Oil Market, by Geography
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- 3.3 Porter Five Forces Analysis
- Chapter 4. Global Olive Oil Market by Type
- 4.1 Global Virgin Market by Region
- 4.2 Global Refined Market by Region
- 4.3 Global Extra Virgin Market by Region
- 4.4 Global Others Market by Region
- Chapter 5. Global Olive Oil Market by Application
- 5.1 Global Food and Beverage Market by Region
- 5.2 Global Personal Care & Cosmetics Market by Region
- 5.3 Global Pharmaceuticals Market by Region
- 5.4 Global Others Market by Region
- Chapter 6. Global Olive Oil Market by Distribution Channel
- 6.1 Global Hypermarkets/Supermarkets Market by Region
- 6.2 Global Online Market by Region
- 6.3 Global Others Market by Region
- Chapter 7. Global Olive Oil Market by Region
- 7.1 North America Olive Oil Market
- 7.1.1 North America Olive Oil Market by Type
- 7.1.1.1 North America Virgin Market by Country
- 7.1.1.2 North America Refined Market by Country
- 7.1.1.3 North America Extra Virgin Market by Country
- 7.1.1.4 North America Others Market by Country
- 7.1.2 North America Olive Oil Market by Application
- 7.1.2.1 North America Food and Beverage Market by Country
- 7.1.2.2 North America Personal Care & Cosmetics Market by Country
- 7.1.2.3 North America Pharmaceuticals Market by Country
- 7.1.2.4 North America Others Market by Country
- 7.1.3 North America Olive Oil Market by Distribution Channel
- 7.1.3.1 North America Hypermarkets/Supermarkets Market by Country
- 7.1.3.2 North America Online Market by Country
- 7.1.3.3 North America Others Market by Country
- 7.1.4 North America Olive Oil Market by Country
- 7.1.4.1 US Olive Oil Market
- 7.1.4.1.1 US Olive Oil Market by Type
- 7.1.4.1.2 US Olive Oil Market by Application
- 7.1.4.1.3 US Olive Oil Market by Distribution Channel
- 7.1.4.2 Canada Olive Oil Market
- 7.1.4.2.1 Canada Olive Oil Market by Type
- 7.1.4.2.2 Canada Olive Oil Market by Application
- 7.1.4.2.3 Canada Olive Oil Market by Distribution Channel
- 7.1.4.3 Mexico Olive Oil Market
- 7.1.4.3.1 Mexico Olive Oil Market by Type
- 7.1.4.3.2 Mexico Olive Oil Market by Application
- 7.1.4.3.3 Mexico Olive Oil Market by Distribution Channel
- 7.1.4.4 Rest of North America Olive Oil Market
- 7.1.4.4.1 Rest of North America Olive Oil Market by Type
- 7.1.4.4.2 Rest of North America Olive Oil Market by Application
- 7.1.4.4.3 Rest of North America Olive Oil Market by Distribution Channel
- 7.2 Europe Olive Oil Market
- 7.2.1 Europe Olive Oil Market by Type
- 7.2.1.1 Europe Virgin Market by Country
- 7.2.1.2 Europe Refined Market by Country
- 7.2.1.3 Europe Extra Virgin Market by Country
- 7.2.1.4 Europe Others Market by Country
- 7.2.2 Europe Olive Oil Market by Application
- 7.2.2.1 Europe Food and Beverage Market by Country
- 7.2.2.2 Europe Personal Care & Cosmetics Market by Country
- 7.2.2.3 Europe Pharmaceuticals Market by Country
- 7.2.2.4 Europe Others Market by Country
- 7.2.3 Europe Olive Oil Market by Distribution Channel
- 7.2.3.1 Europe Hypermarkets/Supermarkets Market by Country
- 7.2.3.2 Europe Online Market by Country
- 7.2.3.3 Europe Others Market by Country
- 7.2.4 Europe Olive Oil Market by Country
- 7.2.4.1 Germany Olive Oil Market
- 7.2.4.1.1 Germany Olive Oil Market by Type
- 7.2.4.1.2 Germany Olive Oil Market by Application
- 7.2.4.1.3 Germany Olive Oil Market by Distribution Channel
- 7.2.4.2 UK Olive Oil Market
- 7.2.4.2.1 UK Olive Oil Market by Type
- 7.2.4.2.2 UK Olive Oil Market by Application
- 7.2.4.2.3 UK Olive Oil Market by Distribution Channel
- 7.2.4.3 France Olive Oil Market
- 7.2.4.3.1 France Olive Oil Market by Type
- 7.2.4.3.2 France Olive Oil Market by Application
- 7.2.4.3.3 France Olive Oil Market by Distribution Channel
- 7.2.4.4 Russia Olive Oil Market
- 7.2.4.4.1 Russia Olive Oil Market by Type
- 7.2.4.4.2 Russia Olive Oil Market by Application
- 7.2.4.4.3 Russia Olive Oil Market by Distribution Channel
- 7.2.4.5 Spain Olive Oil Market
- 7.2.4.5.1 Spain Olive Oil Market by Type
- 7.2.4.5.2 Spain Olive Oil Market by Application
- 7.2.4.5.3 Spain Olive Oil Market by Distribution Channel
- 7.2.4.6 Italy Olive Oil Market
- 7.2.4.6.1 Italy Olive Oil Market by Type
- 7.2.4.6.2 Italy Olive Oil Market by Application
- 7.2.4.6.3 Italy Olive Oil Market by Distribution Channel
- 7.2.4.7 Rest of Europe Olive Oil Market
- 7.2.4.7.1 Rest of Europe Olive Oil Market by Type
- 7.2.4.7.2 Rest of Europe Olive Oil Market by Application
- 7.2.4.7.3 Rest of Europe Olive Oil Market by Distribution Channel
- 7.3 Asia Pacific Olive Oil Market
- 7.3.1 Asia Pacific Olive Oil Market by Type
- 7.3.1.1 Asia Pacific Virgin Market by Country
- 7.3.1.2 Asia Pacific Refined Market by Country
- 7.3.1.3 Asia Pacific Extra Virgin Market by Country
- 7.3.1.4 Asia Pacific Others Market by Country
- 7.3.2 Asia Pacific Olive Oil Market by Application
- 7.3.2.1 Asia Pacific Food and Beverage Market by Country
- 7.3.2.2 Asia Pacific Personal Care & Cosmetics Market by Country
- 7.3.2.3 Asia Pacific Pharmaceuticals Market by Country
- 7.3.2.4 Asia Pacific Others Market by Country
- 7.3.3 Asia Pacific Olive Oil Market by Distribution Channel
- 7.3.3.1 Asia Pacific Hypermarkets/Supermarkets Market by Country
- 7.3.3.2 Asia Pacific Online Market by Country
- 7.3.3.3 Asia Pacific Others Market by Country
- 7.3.4 Asia Pacific Olive Oil Market by Country
- 7.3.4.1 China Olive Oil Market
- 7.3.4.1.1 China Olive Oil Market by Type
- 7.3.4.1.2 China Olive Oil Market by Application
- 7.3.4.1.3 China Olive Oil Market by Distribution Channel
- 7.3.4.2 Japan Olive Oil Market
- 7.3.4.2.1 Japan Olive Oil Market by Type
- 7.3.4.2.2 Japan Olive Oil Market by Application
- 7.3.4.2.3 Japan Olive Oil Market by Distribution Channel
- 7.3.4.3 India Olive Oil Market
- 7.3.4.3.1 India Olive Oil Market by Type
- 7.3.4.3.2 India Olive Oil Market by Application
- 7.3.4.3.3 India Olive Oil Market by Distribution Channel
- 7.3.4.4 South Korea Olive Oil Market
- 7.3.4.4.1 South Korea Olive Oil Market by Type
- 7.3.4.4.2 South Korea Olive Oil Market by Application
- 7.3.4.4.3 South Korea Olive Oil Market by Distribution Channel
- 7.3.4.5 Australia Olive Oil Market
- 7.3.4.5.1 Australia Olive Oil Market by Type
- 7.3.4.5.2 Australia Olive Oil Market by Application
- 7.3.4.5.3 Australia Olive Oil Market by Distribution Channel
- 7.3.4.6 Malaysia Olive Oil Market
- 7.3.4.6.1 Malaysia Olive Oil Market by Type
- 7.3.4.6.2 Malaysia Olive Oil Market by Application
- 7.3.4.6.3 Malaysia Olive Oil Market by Distribution Channel
- 7.3.4.7 Rest of Asia Pacific Olive Oil Market
- 7.3.4.7.1 Rest of Asia Pacific Olive Oil Market by Type
- 7.3.4.7.2 Rest of Asia Pacific Olive Oil Market by Application
- 7.3.4.7.3 Rest of Asia Pacific Olive Oil Market by Distribution Channel
- 7.4 LAMEA Olive Oil Market
- 7.4.1 LAMEA Olive Oil Market by Type
- 7.4.1.1 LAMEA Virgin Market by Country
- 7.4.1.2 LAMEA Refined Market by Country
- 7.4.1.3 LAMEA Extra Virgin Market by Country
- 7.4.1.4 LAMEA Others Market by Country
- 7.4.2 LAMEA Olive Oil Market by Application
- 7.4.2.1 LAMEA Food and Beverage Market by Country
- 7.4.2.2 LAMEA Personal Care & Cosmetics Market by Country
- 7.4.2.3 LAMEA Pharmaceuticals Market by Country
- 7.4.2.4 LAMEA Others Market by Country
- 7.4.3 LAMEA Olive Oil Market by Distribution Channel
- 7.4.3.1 LAMEA Hypermarkets/Supermarkets Market by Country
- 7.4.3.2 LAMEA Online Market by Country
- 7.4.3.3 LAMEA Others Market by Country
- 7.4.4 LAMEA Olive Oil Market by Country
- 7.4.4.1 Brazil Olive Oil Market
- 7.4.4.1.1 Brazil Olive Oil Market by Type
- 7.4.4.1.2 Brazil Olive Oil Market by Application
- 7.4.4.1.3 Brazil Olive Oil Market by Distribution Channel
- 7.4.4.2 Argentina Olive Oil Market
- 7.4.4.2.1 Argentina Olive Oil Market by Type
- 7.4.4.2.2 Argentina Olive Oil Market by Application
- 7.4.4.2.3 Argentina Olive Oil Market by Distribution Channel
- 7.4.4.3 UAE Olive Oil Market
- 7.4.4.3.1 UAE Olive Oil Market by Type
- 7.4.4.3.2 UAE Olive Oil Market by Application
- 7.4.4.3.3 UAE Olive Oil Market by Distribution Channel
- 7.4.4.4 Saudi Arabia Olive Oil Market
- 7.4.4.4.1 Saudi Arabia Olive Oil Market by Type
- 7.4.4.4.2 Saudi Arabia Olive Oil Market by Application
- 7.4.4.4.3 Saudi Arabia Olive Oil Market by Distribution Channel
- 7.4.4.5 South Africa Olive Oil Market
- 7.4.4.5.1 South Africa Olive Oil Market by Type
- 7.4.4.5.2 South Africa Olive Oil Market by Application
- 7.4.4.5.3 South Africa Olive Oil Market by Distribution Channel
- 7.4.4.6 Nigeria Olive Oil Market
- 7.4.4.6.1 Nigeria Olive Oil Market by Type
- 7.4.4.6.2 Nigeria Olive Oil Market by Application
- 7.4.4.6.3 Nigeria Olive Oil Market by Distribution Channel
- 7.4.4.7 Rest of LAMEA Olive Oil Market
- 7.4.4.7.1 Rest of LAMEA Olive Oil Market by Type
- 7.4.4.7.2 Rest of LAMEA Olive Oil Market by Application
- 7.4.4.7.3 Rest of LAMEA Olive Oil Market by Distribution Channel
- Chapter 8. Company Profiles
- 8.1 Sovena Group (Nutrinveste SGPS, SA)
- 8.1.1 Company Overview
- 8.2 Pompeian, Inc.
- 8.2.1 Company Overview
- 8.3 Modi Naturals Ltd.
- 8.3.1 Company Overview
- 8.3.2 Financial Analysis
- 8.4 DEOLEO, S.A. (CVC Capital Partners SICAV-FIS S.A.)
- 8.4.1 Company Overview
- 8.4.2 Financial Analysis
- 8.4.3 Segmental and Regional Analysis
- 8.5 Del Monte Foods Private Limited (Del Monte Pacific Limited) (Bharti Enterprises)
- 8.5.1 Company Overview
- 8.5.2 Financial Analysis
- 8.5.3 Segmental and Regional Analysis
- 8.5.4 Research & Development Expenses
- 8.6 Salov SpA (ShangHai Yimin No.1 Foods (Group)Co., Ltd.)
- 8.6.1 Company Overview
- 8.6.2 Recent strategies and developments:
- 8.6.2.1 Geographical Expansions:
- 8.7 Cargill, Incorporated
- 8.7.1 Company Overview
- 8.7.2 SWOT Analysis
- 8.8 Conagra Brands, Inc.
- 8.8.1 Company Overview
- 8.8.2 Financial Analysis
- 8.8.3 Segmental Analysis
- 8.8.4 Research & Development Expenses
- 8.8.5 SWOT Analysis
- Chapter 9. Winning imperatives of Olive Oil Market
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