According to IMARC Group's latest research report, titled "Olive Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032," offers a comprehensive analysis of the industry, which comprises insights on the olive oil market growth rate. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global olive oil market size reached US$ 14.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 20.9 Billion by 2032, exhibiting a growth rate (CAGR) of 4.02% during 2024-2032.
Olive Oil Market Overview:
Olive oil is a versatile and widely used culinary oil derived from the fruit of the olive tree (Olea europaea). It is primarily produced through mechanical means, where olives are crushed and pressed to extract the oil, a process that dates back thousands of years. Its significance extends beyond the kitchen, as olive oil is revered for its numerous health benefits, including its heart-healthy monounsaturated fats, anti-inflammatory properties, and high levels of antioxidants such as vitamin E. Moreover, olive oil is valued for its versatility beyond cooking, and finding applications in skincare, haircare, and even traditional medicine. With its rich history, diverse types, and multifaceted uses, olive oil remains a cherished ingredient celebrated for both its culinary and wellness attributes.
Get Sample Copy of Report at – https://www.imarcgroup.com/olive-oil-market/requestsample
Olive Oil Market Trends:
The global market is primarily driven by the increasing consumer preference for healthier dietary choices, leading to a rise in demand for olive oil as a healthier alternative to other cooking oils. Additionally, the growing popularity of Mediterranean cuisine and the culinary trend towards using premium ingredients further fuel the demand for high-quality olive oil. Moreover, the expanding applications of olive oil beyond culinary uses, such as in skincare and pharmaceuticals, contribute to market growth opportunities. Furthermore, continual technological advancements in olive oil production, sustainable farming practices, and the introduction of organic and specialty olive oils cater to evolving consumer preferences and drive market expansion. In line with this, government initiatives and regulations promoting healthy eating habits and supporting the olive oil industry through subsidies, research funding, and promotional campaigns are contributing to market growth.
Competitive Landscape with Key Players:
- Artajo Oil
- Borges International Group
- S.L.U.
- California Olive Ranch Inc.
- Cargill Incorporated
- Colavita SpA
- Conagra Brands Inc.
- Del Monte Foods Inc. (Del Monte Pacific Ltd.)
- Deoleo
- Domenico Manca S.p.a.
- EU Olive Oil Ltd.
- Gallo Worldwide
- Gruppo Salov
- Sovena Group
Key Market Segmentation:
Type Insights:
- Virgin Olive Oil
- Refined Olive Oil
- Extra Virgin Olive Oil
- Olive Pomace Oil
- Others
Distribution Channel Insights:
- Supermarkets and Hypermarkets
- Convenience Stores
- Online Stores
- Others
Application Insights:
- Food and Beverage
- Pharmaceuticals
- Cosmetics
- Others
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
Who we are:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163
