Olive Oil - Global Strategic Business Report

The global market for Olive Oil was valued at USD 14.3 Billion in 2024 and is projected to reach USD 16.9 Billion by 2030, growing at a CAGR of 2.9% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Global Olive Oil Market - Key Trends and Drivers Summarized

What Is Olive Oil and How Is It Produced?

Olive oil, often referred to as 'liquid gold,' is a staple in many kitchens around the world, prized for its flavor, versatility, and health benefits. It is derived from the fruit of the olive tree (Olea europaea), predominantly grown in the Mediterranean region. The production process begins with the harvesting of olives, which are then washed and crushed to form a paste. This paste is subsequently pressed to extract the oil, a process that can be carried out using traditional stone mills or modern mechanical presses. The quality of olive oil is determined by its method of extraction and acidity level, with extra virgin olive oil being the highest grade, produced without chemical treatments and possessing superior taste and nutritional qualities.

How Is Olive Oil Revolutionizing the Culinary World?

In the culinary world, olive oil is celebrated not only for its distinct flavor but also for its ability to enhance a wide variety of dishes. Its use extends from salad dressings and marinades to sautéing and frying, offering a healthier alternative to other cooking oils. Chefs and home cooks alike appreciate olive oil for its ability to complement and elevate the natural flavors of ingredients. The trend of using extra virgin olive oil as a finishing oil, drizzled over dishes to add depth and richness, has gained popularity. Additionally, the rising interest in Mediterranean cuisine, known for its reliance on olive oil, has further propelled its usage in kitchens globally. Olive oil's versatility and health benefits make it a key ingredient in both everyday cooking and gourmet preparations, solidifying its place in the culinary arts.

What Are the Current Trends and Challenges in the Olive Oil Market?

The olive oil market is experiencing several noteworthy trends and facing various challenges. One significant trend is the growing consumer preference for organic and sustainably produced olive oil. As awareness about environmental sustainability and health increases, consumers are seeking products that align with these values. This has led to a surge in organic olive oil production and certification. However, the market faces challenges such as climate change and its impact on olive yields, which can lead to fluctuations in supply and prices. Additionally, issues related to olive oil fraud and mislabeling have emerged, where lower-quality oils are sold as extra virgin, misleading consumers. To combat this, stricter regulations and improved traceability measures are being implemented to ensure product authenticity and maintain consumer trust. These trends and challenges are shaping the dynamics of the olive oil market, influencing production practices and consumer behaviors.

What Drives the Growth in the Olive Oil Market?

The growth in the olive oil market is driven by several factors, including technological advancements, expanding applications, and evolving consumer preferences. Innovations in production technology, such as improved pressing techniques and better storage solutions, are enhancing the quality and shelf life of olive oil. The increasing application of olive oil in various sectors, including cosmetics and pharmaceuticals, is broadening its market scope. Consumer preferences are shifting towards natural and health-conscious products, driving the demand for high-quality extra virgin olive oil. Additionally, the rising popularity of Mediterranean diets, which emphasize the use of olive oil, is propelling market growth. Educational campaigns about the health benefits of olive oil, supported by scientific research, are also boosting consumer interest. These factors, combined with strategic marketing and product diversification, are fueling the robust expansion of the olive oil market, ensuring its continued relevance and growth in the global market.

Report Scope

The report analyzes the Olive Oil market, presented in terms of market value (USD Thousand). The analysis covers the key segments and geographic regions outlined below.

Segments

Product (Virgin Olive Oil, Refined / Pure Olive Oil, Other Products); Application (Food & Beverage, Pharmaceutical, Personal Care).

Geographic Regions/Countries

World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Virgin Olive Oil segment, which is expected to reach $12 Billion by 2030 with a CAGR of a 3%. The Refined / Pure Olive Oil segment is also set to grow at 2.6% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, valued at $3.8 Billion in 2024, and China, forecasted to grow at an impressive 4.9% CAGR to reach $3.3 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in USD from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players such as ACEITES LA MASiA, BETIS Products LLC, Borges Branded Foods SLU, Carbonell, Deoleo SA and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Olive Oil Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Olive Oil Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Olive Oil Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Some of the 354 major companies featured in this Olive Oil market report include:

• ACEITES LA MASiA
• BETIS Products LLC
• Borges Branded Foods SLU
• Carbonell
• Deoleo SA
• GALLO
• Grup Pons
• Grupo Ybarra Alimentacion SL
• Jaencoop Grupo
• Maeva Group (Mozambique)
• Minerva SA
• Mueloliva y Minerva SL
• PT Sari Agrotama Persada
• Sovena Group