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Olive Oil Market Forecasts to 2028 – Global Analysis By Source (Non Organic, Organic), Flavor (Fruity & Peppery, Fruity & Herby, Full-Bodied & Earthy, Mild & Buttery), Extraction Method (Cold-Extracted, First-Press, Cold-Pressed), and Others

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from $4,150 175 Pages Stratistics Market Research Consulting December, 2022 SMR17691412
Best Price Guarantee
Price from $4,150
Length 175 Pages
Publisher Stratistics Market Research Consulting
Published Date December, 2022
SKU SMR17691412

Olive Oil Market Forecasts to 2028 – Global Analysis By Source (Non Organic, Organic), Flavor (Fruity & Peppery, Fruity & Herby, Full-Bodied & Earthy, Mild & Buttery), Extraction Method (Cold-Extracted, First-Press, Cold-Pressed), and Others

According to Stratistics MRC, the Global Olive Oil Market is accounted for $3.77 billion in 2022 and is expected to reach $8.75 billion by 2028 growing at a CAGR of 5.28% during the forecast period. Olive oil is a type of fat derived from the fruit of the Olea europaea (olive tree) that contains healthy fatty acids such as oleic acid, palmitic acid, and linoleic acid. Olive oil is widely used and widely available around the world. It is widely used for its capability to prevent heart disease by regulating cholesterol levels within the body. It also has moisturising and exfoliating properties, making it useful in a variety of skincare and personal care products. Olive oil can be used in a variety of applications, including dressing spray, cosmetics and personal care, as well as foods and medicines.

According to data from the International Olive Council (IOC), global olive oil output averaged 2.87 million tons between crop years 2005–2006 and 2019–2020, with 72 percent of that produced in the European Union (EU). Around 2 million tons of olive oil was produced in Spain, Italy, and Greece, accounting for 96 percent of all olive oil produced in the EU. According to the United Nations, World Economic Situation and Prospects 2019, in both 2017 and 2018, economic growth increased in more than half of the world's economies.

Market Dynamics:

Driver:

Changing Dietary Style of the Consumers

The rise in the prevalence of a variety of diseases, such as diabetes, cardiovascular disease, as well as cancer, has resulted in a significant shift in consumer dietary habits around the world. As a result of these rising numbers, the market is expected to be driven by the new fad of preserving overall health and well-being by switching to healthier oil options. As a result of these rising numbers, the market is expected to be driven by the trend of maintaining overall health and wellness by switching to healthier oil options.

Restraint:

High Cost of Olive Oil

Due to the high cost of olive oil, consumers are looking for low-cost alternatives with similar health benefits to olive oil, such as sunflower oil and coconut oil, which are gaining popularity among consumers. As a result, the high price of olive oil is highly probable to stifle market growth. Olive producers are investing in innovative technology to better retain essential nutrients in olives during processing. The retail industry has surpassed the industrial sector in terms of olive oil trade over the years. The market is predicted to suffer from limited growth due to the flow in demand for olive oil, differences in the price of olive oil make it highly susceptible to affordability and this is a difficulty to overcome for the market.

Opportunity:

Increasing Consumption Demand

In the existing economy, olive oil consumption might have increased in recent years as consumers become more conscious of the advantages of olive oil use and its impact on their health. Furthermore, the usage for packed olive oil, such as Figaro olive oil, olive oil, extra virgin olive oil, refined olive oil, and pomance oil, is expected to rise significantly in the near future. The growing demand for olive oil between many children, newborn infants, and adults around the world for health issues, hair problems, and the improved efficiency of healthy food and beverage products boosts olive oil consumption.

Threat:

Increasing demand of substitutes

The global olive oil market is being challenged by growing demands for other vegetable as well as edible cooking oils. Corn oil, palm oil, coconut oil, peanut oil, mustard oil, and sunflower oil are low-cost substitute products that challenge the global olive oil market's growth.

Covid-19 Impact

The COVID-19 pandemic had a wide-ranging impact on the global economy, including direct effects on demand and production supply chain disruption, as well as financial impact. The epidemic of the COVID-19 disease outbreak has resulted in a sharp drop in demand and sales of olive oil. Lockdowns in various countries have caused disruptions in trade activities, slowing the growth of this sector. However, increased concerns about immune function and general health have re-established a demand for natural oils, which is expected to last throughout and after the pandemic.

The Virgin Olive Oil segment is expected to be the largest during the forecast period

The Virgin Olive Oil segment is estimated to have a lucrative growth, due to demand from health-conscious consumers is expected to rise in the coming years because it provides various vitamins and minerals and therefore is efficacious against cardiovascular diseases, osteoporosis (bones), high blood pressure, diabetes, and Alzheimer's. Processed olive oil is a refined version of olive oil which has been considered for organoleptic defects. Consumer preference for processed form is low because it is typically tasteless, odourless, and colourless.

The Food Industry segment is expected to have the highest CAGR during the forecast period

The Food Industry segment is anticipated to witness the fastest CAGR growth during the forecast period. Consumers' desire to maintain a healthy lifestyle has expanded the use of olive oil as an effective approach in a variety of food products. To sustain the antioxidants as well as phenols levels of both the vegetable and legume, olive oil is also utilized for salad dressing. Because it is the primary source of good fats for diabetic consumers, the commodity has evolved into an important part of their diet.

Region with highest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to the region's consumption pattern shifts. Consumers have become more health conscious, preferring low-fat, healthy foods. The growing popularity of functional foods and beverages in the region is contributing to an increase in demand for omega-3 fatty acid-fortified foods.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period, owing to increased imported and exported goods in the European olive oil industry, rising consumer requirement for organic as well as extra virgin olive oil, and an increase in the number of organised retailing outlets selling olive oil will all have a significant impact on the growth of the olive oil market in this region. The region's major producers and exporters are Spain, Greece, and Italy.

Key players in the market

Some of the key players profiled in the Olive Oil Market include Victorian Olive Groves, Deoleo S.A., California Olive Ranch, Adams Group Inc., Borges International Group SLU, Del Monte Foods, Olivier Pacific Ltd., Botticelli Foods, Modi Natural Ltd., Sovena Group, Odysea Ltd., Pompeian Inc. and Cargill.

Key Developments:

In Feb 2021, Pompeian, Inc. announced the addition of three new products to their olive oil and vinegar portfolios, aiming to eliminate aisle confusion and provide buyers with a product for every particular taste preference and cooking occasion.

In Sep 2020, Odysea Ltd., introduced a range of premium extra virgin olive oils known as “Kalamato PDO Extra Virgin Olive Oils”. This olive oil range is produced from polyphenol rich olives in Messinia.

Sources Covered:
• Non Organic
• Organic
• Other Sources

Flavors Covered:
• Fruity & Peppery
• Herby
• Full-Bodied & Earthy
• Mild & Buttery
• Other Flavors

Extraction Methods Covered:
• First-Press
• Cold-Pressed
• Other Extraction Methods

Packagings Covered:
• Bottles
• Tins
• Other Packagings

Types Covered:
• Refined Olive Oil
• Virgin Olive Oil
• Pomace Olive Oil
• Common Olive Oil
• Lite/Light Olive Oil
• Processed Olive Oil
• Other Types

Distribution Channels Covered:
• Online Channel
• Supermarket/Hypermarket
• Convenience Store
• Other Distribution Channels

Applications Covered:
• Cosmetic & Personal Care
• Soaps and Lubricants
• Pet Foods
• Pharmaceutical Industry
• Food Industry
• Aromatherapy
• Personal Care
• Other Applications

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements


1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.7 Application Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Olive Oil Market, By Source
5.1 Introduction
5.2 Non Organic
5.3 Organic
5.4 Other Sources
6 Global Olive Oil Market, By Flavor
6.1 Introduction
6.2 Fruity & Peppery
6.3 Herby
6.4 Full-Bodied & Earthy
6.5 Mild & Buttery
6.6 Other Flavors
7 Global Olive Oil Market, By Extraction Method
7.1 Cold-Extracted
7.2 First-Press
7.3 Cold-Pressed
7.4 Other Extraction Methods
8 Global Olive Oil Market, By Packaging
8.1 Introduction
8.2 Bottles
8.3 Tins
8.4 Other Packagings
9 Global Olive Oil Market, By Type
9.1 Introduction
9.2 Refined Olive Oil
9.3 Virgin Olive Oil
9.3.1 Ordinary Virgin Olive Oil
9.3.2 Extra Virgin Olive Oil
9.3.3 Lampante Virgin Olive Oil
9.4 Pomace Olive Oil
9.4.1 Refined Olive Pomace Oil
9.4.2 Crude Olive Pomace Oil
9.5 Common Olive Oil
9.6 Lite/Light Olive Oil
9.9 Processed Olive Oil
9.8 Other Types
10 Global Olive Oil Market, By Distribution Channel
10.1 Introduction
10.2 Online Channel
10.3 Supermarket/Hypermarket
10.4 Convenience Store
10.5 Other Distribution Channels
11 Global Olive Oil Market, By Application
11.1 Introduction
11.2 Cosmetic & Personal Care
11.3 Soaps and Lubricants
11.4 Pet Foods
11.5 Pharmaceutical Industry
11.5.1 Soft Gelatin Capsules
11.5.2 Salves, Plasters and Enemas
11.5.3 Nose Sprays
11.5.4 Active Ingredients
11.6 Food Industry
11.6.1 Breakfast Cereals
11.6.2 Bakery
11.6.3 Confectionery
11.7 Aromatherapy
11.8 Personal Care
11.9 Other Applications
12 Global Olive Oil Market, By Geography
12.1 Introduction
12.2 North America
12.2.1 US
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 Italy
12.3.4 France
12.3.5 Spain
12.3.6 Rest of Europe
12.4 Asia Pacific
12.4.1 Japan
12.4.2 China
12.4.3 India
12.4.4 Australia
12.4.5 New Zealand
12.4.6 South Korea
12.4.7 Rest of Asia Pacific
12.5 South America
12.5.1 Argentina
12.5.2 Brazil
12.5.3 Chile
12.5.4 Rest of South America
12.6 Middle East & Africa
12.6.1 Saudi Arabia
12.6.2 UAE
12.6.3 Qatar
12.6.4 South Africa
12.6.5 Rest of Middle East & Africa
13 Key Developments
13.1 Agreements, Partnerships, Collaborations and Joint Ventures
13.2 Acquisitions & Mergers
13.3 New Product Launch
13.4 Expansions
13.5 Other Key Strategies
14 Company Profiling
14.1 Victorian Olive Groves
14.2 Deoleo S.A.
14.3 California Olive Ranch
14.4 Adams Group Inc.
14.5 Borges International Group SLU
14.6 Del Monte Foods
14.7 Olivier Pacific Ltd.
14.8 Botticelli Foods
14.9 Modi Natural Ltd.
14.10 Sovena Group
14.11 Odysea Ltd.
14.12 Pompeian, Inc.
14.13 Cargill
List of Tables
Table 1 Global Olive Oil Market Outlook, By Region (2020-2028) ($MN)
Table 2 Global Olive Oil Market Outlook, By Source (2020-2028) ($MN)
Table 3 Global Olive Oil Market Outlook, By Non Organic (2020-2028) ($MN)
Table 4 Global Olive Oil Market Outlook, By Organic (2020-2028) ($MN)
Table 5 Global Olive Oil Market Outlook, By Other Sources (2020-2028) ($MN)
Table 6 Global Olive Oil Market Outlook, By Flavor (2020-2028) ($MN)
Table 7 Global Olive Oil Market Outlook, By Fruity & Peppery (2020-2028) ($MN)
Table 8 Global Olive Oil Market Outlook, By Herby (2020-2028) ($MN)
Table 9 Global Olive Oil Market Outlook, By Full-Bodied & Earthy (2020-2028) ($MN)
Table 10 Global Olive Oil Market Outlook, By Mild & Buttery (2020-2028) ($MN)
Table 11 Global Olive Oil Market Outlook, By Other Flavors (2020-2028) ($MN)
Table 12 Global Olive Oil Market Outlook, By Extraction Method (2020-2028) ($MN)
Table 13 Global Olive Oil Market Outlook, By Cold-Extracted (2020-2028) ($MN)
Table 14 Global Olive Oil Market Outlook, By First-Press (2020-2028) ($MN)
Table 15 Global Olive Oil Market Outlook, By Cold-Pressed (2020-2028) ($MN)
Table 16 Global Olive Oil Market Outlook, By Other Extraction Methods (2020-2028) ($MN)
Table 17 Global Olive Oil Market Outlook, By Packaging (2020-2028) ($MN)
Table 18 Global Olive Oil Market Outlook, By Bottles (2020-2028) ($MN)
Table 19 Global Olive Oil Market Outlook, By Tins (2020-2028) ($MN)
Table 20 Global Olive Oil Market Outlook, By Other Packagings (2020-2028) ($MN)
Table 21 Global Olive Oil Market Outlook, By Type (2020-2028) ($MN)
Table 22 Global Olive Oil Market Outlook, By Refined Olive Oil (2020-2028) ($MN)
Table 23 Global Olive Oil Market Outlook, By Virgin Olive Oil (2020-2028) ($MN)
Table 24 Global Olive Oil Market Outlook, By Ordinary Virgin Olive Oil (2020-2028) ($MN)
Table 25 Global Olive Oil Market Outlook, By Extra Virgin Olive Oil (2020-2028) ($MN)
Table 26 Global Olive Oil Market Outlook, By Lampante Virgin Olive Oil (2020-2028) ($MN)
Table 27 Global Olive Oil Market Outlook, By Pomace Olive Oil (2020-2028) ($MN)
Table 28 Global Olive Oil Market Outlook, By Refined Olive Pomace Oil (2020-2028) ($MN)
Table 29 Global Olive Oil Market Outlook, By Crude Olive Pomace Oil (2020-2028) ($MN)
Table 30 Global Olive Oil Market Outlook, By Common Olive Oil (2020-2028) ($MN)
Table 31 Global Olive Oil Market Outlook, By Lite/Light Olive Oil (2020-2028) ($MN)
Table 32 Global Olive Oil Market Outlook, By Processed Olive Oil (2020-2028) ($MN)
Table 33 Global Olive Oil Market Outlook, By Other Types (2020-2028) ($MN)
Table 34 Global Olive Oil Market Outlook, By Distribution Channel (2020-2028) ($MN)
Table 35 Global Olive Oil Market Outlook, By Online Channel (2020-2028) ($MN)
Table 36 Global Olive Oil Market Outlook, By Supermarket/Hypermarket (2020-2028) ($MN)
Table 37 Global Olive Oil Market Outlook, By Convenience Store (2020-2028) ($MN)
Table 38 Global Olive Oil Market Outlook, By Other Distribution Channels (2020-2028) ($MN)
Table 39 Global Olive Oil Market Outlook, By Application (2020-2028) ($MN)
Table 40 Global Olive Oil Market Outlook, By Cosmetic & Personal Care (2020-2028) ($MN)
Table 41 Global Olive Oil Market Outlook, By Soaps and Lubricants (2020-2028) ($MN)
Table 42 Global Olive Oil Market Outlook, By Pet Foods (2020-2028) ($MN)
Table 43 Global Olive Oil Market Outlook, By Pharmaceutical Industry (2020-2028) ($MN)
Table 44 Global Olive Oil Market Outlook, By Soft Gelatin Capsules (2020-2028) ($MN)
Table 45 Global Olive Oil Market Outlook, By Salves, Plasters and Enemas (2020-2028) ($MN)
Table 46 Global Olive Oil Market Outlook, By Nose Sprays (2020-2028) ($MN)
Table 47 Global Olive Oil Market Outlook, By Active Ingredients (2020-2028) ($MN)
Table 48 Global Olive Oil Market Outlook, By Food Industry (2020-2028) ($MN)
Table 49 Global Olive Oil Market Outlook, By Breakfast Cereals (2020-2028) ($MN)
Table 50 Global Olive Oil Market Outlook, By Bakery (2020-2028) ($MN)
Table 51 Global Olive Oil Market Outlook, By Confectionery (2020-2028) ($MN)
Table 52 Global Olive Oil Market Outlook, By Aromatherapy (2020-2028) ($MN)
Table 53 Global Olive Oil Market Outlook, By Personal Care (2020-2028) ($MN)
Table 54 Global Olive Oil Market Outlook, By Other Applications (2020-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

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