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.
Global Olive Oil Market Report Segmentation
By Type (Volume, Kilo Tonnes, USD Billion, 2019-2030)
- Virgin
- Refined
- Extra Virgin
- Others
By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
- Food and Beverage
- Personal Care & Cosmetics
- Pharmaceuticals
- Others
By Distribution Channel (Volume, Kilo Tonnes, USD Billion, 2019-2030)
- Hypermarkets/Supermarkets
- Online
- Others
By Geography (Volume, Kilo Tonnes, USD Billion, 2019-2030)
- 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
Table of Contents
Chapter 1.Market Scope & Methodology
- 1.1Market Definition
- 1.2Objectives
- 1.3Market Scope
- 1.4Segmentation
- 1.4.1Global Olive Oil Market, by Type
- 1.4.2Global Olive Oil Market, by Application
- 1.4.3Global Olive Oil Market, by Distribution Channel
- 1.4.4Global Olive Oil Market, by Geography
- 1.5Methodology for the research
Chapter 2.Market at a Glance
Chapter 3.Market Overview
- 3.1Introduction
- 3.1.1Overview
- 3.1.1.1Market Composition and Scenario
- 3.2Key Factors Impacting the Market
- 3.2.1Market Drivers
- 3.2.2Market Restraints
- 3.2.3Market Opportunities
- 3.2.4Market Challenges
- 3.3Porter Five Forces Analysis
Chapter 4.Global Olive Oil Market by Type
- 4.1Global Virgin Market by Region
- 4.2Global Refined Market by Region
- 4.3Global Extra Virgin Market by Region
- 4.4Global Others Market by Region
Chapter 5.Global Olive Oil Market by Application
- 5.1Global Food and Beverage Market by Region
- 5.2Global Personal Care & Cosmetics Market by Region
- 5.3Global Pharmaceuticals Market by Region
- 5.4Global Others Market by Region
Chapter 6.Global Olive Oil Market by Distribution Channel
- 6.1Global Hypermarkets/Supermarkets Market by Region
- 6.2Global Online Market by Region
- 6.3Global Others Market by Region
Chapter 7.Global Olive Oil Market by Region
- 7.1North America Olive Oil Market
- 7.1.1North America Olive Oil Market by Type
- 7.1.1.1North America Virgin Market by Country
- 7.1.1.2North America Refined Market by Country
- 7.1.1.3North America Extra Virgin Market by Country
- 7.1.1.4North America Others Market by Country
- 7.1.2North America Olive Oil Market by Application
- 7.1.2.1North America Food and Beverage Market by Country
- 7.1.2.2North America Personal Care & Cosmetics Market by Country
- 7.1.2.3North America Pharmaceuticals Market by Country
- 7.1.2.4North America Others Market by Country
- 7.1.3North America Olive Oil Market by Distribution Channel
- 7.1.3.1North America Hypermarkets/Supermarkets Market by Country
- 7.1.3.2North America Online Market by Country
- 7.1.3.3North America Others Market by Country
- 7.1.4North America Olive Oil Market by Country
- 7.1.4.1US Olive Oil Market
- 7.1.4.1.1US Olive Oil Market by Type
- 7.1.4.1.2US Olive Oil Market by Application
- 7.1.4.1.3US Olive Oil Market by Distribution Channel
- 7.1.4.2Canada Olive Oil Market
- 7.1.4.2.1Canada Olive Oil Market by Type
- 7.1.4.2.2Canada Olive Oil Market by Application
- 7.1.4.2.3Canada Olive Oil Market by Distribution Channel
- 7.1.4.3Mexico Olive Oil Market
- 7.1.4.3.1Mexico Olive Oil Market by Type
- 7.1.4.3.2Mexico Olive Oil Market by Application
- 7.1.4.3.3Mexico Olive Oil Market by Distribution Channel
- 7.1.4.4Rest of North America Olive Oil Market
- 7.1.4.4.1Rest of North America Olive Oil Market by Type
- 7.1.4.4.2Rest of North America Olive Oil Market by Application
- 7.1.4.4.3Rest of North America Olive Oil Market by Distribution Channel
- 7.2Europe Olive Oil Market
- 7.2.1Europe Olive Oil Market by Type
- 7.2.1.1Europe Virgin Market by Country
- 7.2.1.2Europe Refined Market by Country
- 7.2.1.3Europe Extra Virgin Market by Country
- 7.2.1.4Europe Others Market by Country
- 7.2.2Europe Olive Oil Market by Application
- 7.2.2.1Europe Food and Beverage Market by Country
- 7.2.2.2Europe Personal Care & Cosmetics Market by Country
- 7.2.2.3Europe Pharmaceuticals Market by Country
- 7.2.2.4Europe Others Market by Country
- 7.2.3Europe Olive Oil Market by Distribution Channel
- 7.2.3.1Europe Hypermarkets/Supermarkets Market by Country
- 7.2.3.2Europe Online Market by Country
- 7.2.3.3Europe Others Market by Country
- 7.2.4Europe Olive Oil Market by Country
- 7.2.4.1Germany Olive Oil Market
- 7.2.4.1.1Germany Olive Oil Market by Type
- 7.2.4.1.2Germany Olive Oil Market by Application
- 7.2.4.1.3Germany Olive Oil Market by Distribution Channel
- 7.2.4.2UK Olive Oil Market
- 7.2.4.2.1UK Olive Oil Market by Type
- 7.2.4.2.2UK Olive Oil Market by Application
- 7.2.4.2.3UK Olive Oil Market by Distribution Channel
- 7.2.4.3France Olive Oil Market
- 7.2.4.3.1France Olive Oil Market by Type
- 7.2.4.3.2France Olive Oil Market by Application
- 7.2.4.3.3France Olive Oil Market by Distribution Channel
- 7.2.4.4Russia Olive Oil Market
- 7.2.4.4.1Russia Olive Oil Market by Type
- 7.2.4.4.2Russia Olive Oil Market by Application
- 7.2.4.4.3Russia Olive Oil Market by Distribution Channel
- 7.2.4.5Spain Olive Oil Market
- 7.2.4.5.1Spain Olive Oil Market by Type
- 7.2.4.5.2Spain Olive Oil Market by Application
- 7.2.4.5.3Spain Olive Oil Market by Distribution Channel
- 7.2.4.6Italy Olive Oil Market
- 7.2.4.6.1Italy Olive Oil Market by Type
- 7.2.4.6.2Italy Olive Oil Market by Application
- 7.2.4.6.3Italy Olive Oil Market by Distribution Channel
- 7.2.4.7Rest of Europe Olive Oil Market
- 7.2.4.7.1Rest of Europe Olive Oil Market by Type
- 7.2.4.7.2Rest of Europe Olive Oil Market by Application
- 7.2.4.7.3Rest of Europe Olive Oil Market by Distribution Channel
- 7.3Asia Pacific Olive Oil Market
- 7.3.1Asia Pacific Olive Oil Market by Type
- 7.3.1.1Asia Pacific Virgin Market by Country
- 7.3.1.2Asia Pacific Refined Market by Country
- 7.3.1.3Asia Pacific Extra Virgin Market by Country
- 7.3.1.4Asia Pacific Others Market by Country
- 7.3.2Asia Pacific Olive Oil Market by Application
- 7.3.2.1Asia Pacific Food and Beverage Market by Country
- 7.3.2.2Asia Pacific Personal Care & Cosmetics Market by Country
- 7.3.2.3Asia Pacific Pharmaceuticals Market by Country
- 7.3.2.4Asia Pacific Others Market by Country
- 7.3.3Asia Pacific Olive Oil Market by Distribution Channel
- 7.3.3.1Asia Pacific Hypermarkets/Supermarkets Market by Country
- 7.3.3.2Asia Pacific Online Market by Country
- 7.3.3.3Asia Pacific Others Market by Country
- 7.3.4Asia Pacific Olive Oil Market by Country
- 7.3.4.1China Olive Oil Market
- 7.3.4.1.1China Olive Oil Market by Type
- 7.3.4.1.2China Olive Oil Market by Application
- 7.3.4.1.3China Olive Oil Market by Distribution Channel
- 7.3.4.2Japan Olive Oil Market
- 7.3.4.2.1Japan Olive Oil Market by Type
- 7.3.4.2.2Japan Olive Oil Market by Application
- 7.3.4.2.3Japan Olive Oil Market by Distribution Channel
- 7.3.4.3India Olive Oil Market
- 7.3.4.3.1India Olive Oil Market by Type
- 7.3.4.3.2India Olive Oil Market by Application
- 7.3.4.3.3India Olive Oil Market by Distribution Channel
- 7.3.4.4South Korea Olive Oil Market
- 7.3.4.4.1South Korea Olive Oil Market by Type
- 7.3.4.4.2South Korea Olive Oil Market by Application
- 7.3.4.4.3South Korea Olive Oil Market by Distribution Channel
- 7.3.4.5Australia Olive Oil Market
- 7.3.4.5.1Australia Olive Oil Market by Type
- 7.3.4.5.2Australia Olive Oil Market by Application
- 7.3.4.5.3Australia Olive Oil Market by Distribution Channel
- 7.3.4.6Malaysia Olive Oil Market
- 7.3.4.6.1Malaysia Olive Oil Market by Type
- 7.3.4.6.2Malaysia Olive Oil Market by Application
- 7.3.4.6.3Malaysia Olive Oil Market by Distribution Channel
- 7.3.4.7Rest of Asia Pacific Olive Oil Market
- 7.3.4.7.1Rest of Asia Pacific Olive Oil Market by Type
- 7.3.4.7.2Rest of Asia Pacific Olive Oil Market by Application
- 7.3.4.7.3Rest of Asia Pacific Olive Oil Market by Distribution Channel
- 7.4LAMEA Olive Oil Market
- 7.4.1LAMEA Olive Oil Market by Type
- 7.4.1.1LAMEA Virgin Market by Country
- 7.4.1.2LAMEA Refined Market by Country
- 7.4.1.3LAMEA Extra Virgin Market by Country
- 7.4.1.4LAMEA Others Market by Country
- 7.4.2LAMEA Olive Oil Market by Application
- 7.4.2.1LAMEA Food and Beverage Market by Country
- 7.4.2.2LAMEA Personal Care & Cosmetics Market by Country
- 7.4.2.3LAMEA Pharmaceuticals Market by Country
- 7.4.2.4LAMEA Others Market by Country
- 7.4.3LAMEA Olive Oil Market by Distribution Channel
- 7.4.3.1LAMEA Hypermarkets/Supermarkets Market by Country
- 7.4.3.2LAMEA Online Market by Country
- 7.4.3.3LAMEA Others Market by Country
- 7.4.4LAMEA Olive Oil Market by Country
- 7.4.4.1Brazil Olive Oil Market
- 7.4.4.1.1Brazil Olive Oil Market by Type
- 7.4.4.1.2Brazil Olive Oil Market by Application
- 7.4.4.1.3Brazil Olive Oil Market by Distribution Channel
- 7.4.4.2Argentina Olive Oil Market
- 7.4.4.2.1Argentina Olive Oil Market by Type
- 7.4.4.2.2Argentina Olive Oil Market by Application
- 7.4.4.2.3Argentina Olive Oil Market by Distribution Channel
- 7.4.4.3UAE Olive Oil Market
- 7.4.4.3.1UAE Olive Oil Market by Type
- 7.4.4.3.2UAE Olive Oil Market by Application
- 7.4.4.3.3UAE Olive Oil Market by Distribution Channel
- 7.4.4.4Saudi Arabia Olive Oil Market
- 7.4.4.4.1Saudi Arabia Olive Oil Market by Type
- 7.4.4.4.2Saudi Arabia Olive Oil Market by Application
- 7.4.4.4.3Saudi Arabia Olive Oil Market by Distribution Channel
- 7.4.4.5South Africa Olive Oil Market
- 7.4.4.5.1South Africa Olive Oil Market by Type
- 7.4.4.5.2South Africa Olive Oil Market by Application
- 7.4.4.5.3South Africa Olive Oil Market by Distribution Channel
- 7.4.4.6Nigeria Olive Oil Market
- 7.4.4.6.1Nigeria Olive Oil Market by Type
- 7.4.4.6.2Nigeria Olive Oil Market by Application
- 7.4.4.6.3Nigeria Olive Oil Market by Distribution Channel
- 7.4.4.7Rest of LAMEA Olive Oil Market
- 7.4.4.7.1Rest of LAMEA Olive Oil Market by Type
- 7.4.4.7.2Rest of LAMEA Olive Oil Market by Application
- 7.4.4.7.3Rest of LAMEA Olive Oil Market by Distribution Channel
Chapter 8.Company Profiles
- 8.1Sovena Group (Nutrinveste SGPS, SA)
- 8.2Pompeian, Inc.
- 8.3Modi Naturals Ltd.
- 8.3.1Company Overview
- 8.3.2Financial Analysis
- 8.4DEOLEO, S.A. (CVC Capital Partners SICAV-FIS S.A.)
- 8.4.1Company Overview
- 8.4.2Financial Analysis
- 8.4.3Segmental and Regional Analysis
- 8.5Del Monte Foods Private Limited (Del Monte Pacific Limited) (Bharti Enterprises)
- 8.5.1Company Overview
- 8.5.2Financial Analysis
- 8.5.3Segmental and Regional Analysis
- 8.5.4Research & Development Expenses
- 8.6Salov SpA (ShangHai Yimin No.1 Foods (Group)Co., Ltd.)
- 8.6.1Company Overview
- 8.6.2Recent strategies and developments:
- 8.6.2.1Geographical Expansions:
- 8.7Cargill, Incorporated
- 8.7.1Company Overview
- 8.7.2SWOT Analysis
- 8.8Conagra Brands, Inc.
- 8.8.1Company Overview
- 8.8.2Financial Analysis
- 8.8.3Segmental Analysis
- 8.8.4Research & Development Expenses
- 8.8.5SWOT Analysis
Chapter 9.Winning imperatives of Olive Oil Market