Olive Oil Market Size, Growth & Forecast 2023-2028

Olive Oil Market is expected to reach US$ 17.93 Billion by 2028 due to its increasing popularity as a healthier cooking oil option and its expanding use in various culinary applications and beauty products.

Renub Research has lately published a report named “Olive Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2028,” providing an exhaustive industry analysis comprising market share acumen. Furthermore, the report covers research on competitors and countries and the current surge in the Olive Oil Market.

Olive Oil Market will grow at a CAGR of 6.48% between 2022 and 2028

The olive oil market is experiencing sizable growth due to its increasing recognition as a healthier cooking oil choice. Consumers are becoming more fitness-aware and searching for alternatives to standard cooking oils and excessive saturated fat. Olive oil, known for its coronary heart-healthy monounsaturated fats and antioxidants, aligns with this fashion. It is favored for its potential benefits, which include reducing the risk of coronary heart disorder and irritation. As dietary preferences shift toward healthier choices, the call for olive oil has surged. 

Furthermore, the olive oil market is expanding rapidly because of its growing use in numerous culinary programs and beauty products. In the culinary realm, olive oil has grown to be a flexible and healthful option, effective for cooking and as a salad dressing and dipping oil. Its exclusive taste and health benefits have made it a staple in present-day kitchens. Moreover, due to its herbal hydrating and antioxidant properties, the beauty and skincare enterprise incorporates olive oil into merchandise like moisturizers and soaps. This dual-reason attraction, both inside the kitchen and in private care, is driving the growth of the olive oil market as consumers embrace its versatility and health advantages.

Request a free sample copy of the report: https://www.renub.com/request-sample-page.php?gturl=olive-oil-market-p.php

The EU-27 dominates the olive oil consumption market

The Mediterranean place, home to many EU international locations, has a wealthy olive cultivation and oil manufacturing record, ensuring a constant supply. Moreover, the globally acclaimed Mediterranean diet program, offering olive oil as a cornerstone, fuels its intake. The EU’s rigorous quality requirements assure the authenticity and excellence of its olive oil. Furthermore, the EU’s culinary traditions deliver vast prominence to olive oil in cooking and as a condiment, firmly establishing it as an essential factor of daily meals and reinforcing its hegemony in the olive oil consumption market.

The EU-27 leads the olive oil production market

The Mediterranean weather in the EU, focused on nations such as Spain, Italy, and Greece, helps to achieve an optimal olive tree boom and steady yields. These international locations boast a rich olive farming and oil manufacturing history, refined over generations to assure expertise. Furthermore, good-sized investments in modern agricultural practices and technology have accelerated productiveness ranges. Also, the EU’s unwavering willpower to control quality and adhere to stringent requirements guarantees that it remains the premier international manufacturer of olive oil.

The United States commands the largest share in the olive oil importer market

To begin, Americans are increasingly paying attention to the fitness advantages linked to olive oil, resulting in heightened consumption. Furthermore, a diverse culinary panorama and the presence of various immigrant communities have spurred the desire for olive oil in more than a few cuisines. A robust distribution infrastructure and firmly mounted shops also ensure handy access to olive oil for customers. Moreover, the U.S. consumer base has become more discriminating, displaying a distinct demand for authentic, top-quality olive oil.

Spain reigns as the largest exporter in the olive oil market

Spain benefits from an expansive olive orchard landscape and an excellent climate, ensuring constant olive yields. The nation’s deep-rooted expertise in olive cultivation and superior processing techniques assure the manufacturing of high-quality olive oil. Efficient infrastructure and supply chains enable seamless global exports. Furthermore, government aid and a dedication to rigorous high-quality standards bolster Spain’s role as the foremost exporter in the international olive oil market, meeting the global needs for this enormously regarded culinary essential.

In the upcoming years, virgin olive oil will become more popular

Increased consumer awareness of virgin olive oil’s health advantages, a rise in the demand for high-end and organic food items, and the expanding global appeal of Mediterranean cuisine all contribute to the growth of virgin olive oil. Further boosting the development of high-quality virgin olive oil in the olive oil market is the industry’s key players’ adoption of cutting-edge production methods and sustainable farming practices.

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Vegetable Oil Market: https://www.renub.com/vegetable-oil-market-p.php

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Pepperoni Food Market: https://www.renub.com/global-pepperoni-market-p.php

 

The food and beverage sector holds the most significant portion of the olive oil market

Due to the wide variety of olive oil brands that are readily available and the consequent rise in consumer demand, the food and beverage industry holds the largest market share. The demand for olive oil in various food items has also increased due to consumers’ desire for a healthy lifestyle.

 

Competitive Landscape

Several significant players in the olive oil market are covered in the study, including Modi Naturals, Cargill, Inc., Bunge Limited, Conagra Brands, and Semapa.

Market Summary

  • Consumption – The Report covers the Olive Oil Market by consumption in 11 viewpoints (EU-27, Turkey, Morocco, Tunisia, Syrian Arab Republic, Algeria, Argentina, Lebanon, Jordan, Chile, and Others).
  • Production – By production, the Olive Oil Market is breakup into 11 viewpoints (EU-27, Turkey, Morocco, Tunisia, Syrian Arab Republic, Algeria, Argentina, Lebanon, Jordan, Chile, and Others).
  • Import – The Olive Oil Market is broken up into 11 viewpoints (United States, EU-27, Brazil, Japan, Canada, China, Australia, Turkey, Russian Federation, Saudi Arabia, and Others).   
  • Export – Olive Oil Market breakup by export in 11 viewpoints (EU-27, Tunisia, Turkey, Syrian Arab Republic, Morocco, Argentina, Chile, United States, Lebanon, Jordan, and Others).
  • Type – Renub Research report covers the Olive Oil Market by type in 3 viewpoints (Extra Virgin Olive Oil, Virgin Olive Oil, and Others).
  • Industry – The Olive Oil Market is divided into three viewpoints (Pharmaceuticals, Cosmetics, and Food and Beverages). 
  • Key Players- All the major players have been covered from 4 Viewpoints (Overview, Strategy, Merger/Acquisition, and Financial Insights): Modi Naturals, Cargill, Inc., Bunge Limited, Conagra Brands, and Semapa.    

About the Company: 

Renub Research is a Market Research and Information Analysis company with more than 14 years of experience in Research, Survey, and Consulting. Our research helps companies to take business decisions: on strategy, organization, operations, technology, mergers & acquisitions, etc. Till now we have published more than 7000 syndicated reports and worked on more than 500 custom research projects. Currently, we are supplying data to EMIS, Bloomberg, Thomson Reuters, etc. We support many blue-chip companies by providing them with findings and perspectives across a wide range of markets.

Media Contact:

Company Name: Renub Research

Contact Person: Rajat Gupta, Marketing Manager

Phone No: +1-478-202-3244 | +91-120-421-9822 (IND)

Address: 225 Kristie Ln, Roswell, GA 30076

Email: info@renub.com

LinkedIn: https://linkedin.com/company/renub-research

Website: www.renub.com

Olive Oil Market, Size, Global Forecast 2023-2028

Olive Oil Market is expected to reach US$ 17.93 Billion by 2028 due to its increasing popularity as a healthier cooking oil option and its expanding use in various culinary applications and beauty products.

Renub Research has lately published a report named “Olive Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2028,” providing an exhaustive industry analysis comprising market share acumen. Furthermore, the report covers research on competitors and countries and the current surge in the Olive Oil Market.

Olive Oil Market will grow at a CAGR of 6.48% between 2022 and 2028

The olive oil market is experiencing sizable growth due to its increasing recognition as a healthier cooking oil choice. Consumers are becoming more fitness-aware and searching for alternatives to standard cooking oils and excessive saturated fat. Olive oil, known for its coronary heart-healthy monounsaturated fats and antioxidants, aligns with this fashion. It is favored for its potential benefits, which include reducing the risk of coronary heart disorder and irritation. As dietary preferences shift toward healthier choices, the call for olive oil has surged. 

Furthermore, the olive oil market is expanding rapidly because of its growing use in numerous culinary programs and beauty products. In the culinary realm, olive oil has grown to be a flexible and healthful option, effective for cooking and as a salad dressing and dipping oil. Its exclusive taste and health benefits have made it a staple in present-day kitchens. Moreover, due to its herbal hydrating and antioxidant properties, the beauty and skincare enterprise incorporates olive oil into merchandise like moisturizers and soaps. This dual-reason attraction, both inside the kitchen and in private care, is driving the growth of the olive oil market as consumers embrace its versatility and health advantages.

Request a free sample copy of the report: https://www.renub.com/request-sample-page.php?gturl=olive-oil-market-p.php

The EU-27 dominates the olive oil consumption market

The Mediterranean place, home to many EU international locations, has a wealthy olive cultivation and oil manufacturing record, ensuring a constant supply. Moreover, the globally acclaimed Mediterranean diet program, offering olive oil as a cornerstone, fuels its intake. The EU’s rigorous quality requirements assure the authenticity and excellence of its olive oil. Furthermore, the EU’s culinary traditions deliver vast prominence to olive oil in cooking and as a condiment, firmly establishing it as an essential factor of daily meals and reinforcing its hegemony in the olive oil consumption market.

The EU-27 leads the olive oil production market

The Mediterranean weather in the EU, focused on nations such as Spain, Italy, and Greece, helps to achieve an optimal olive tree boom and steady yields. These international locations boast a rich olive farming and oil manufacturing history, refined over generations to assure expertise. Furthermore, good-sized investments in modern agricultural practices and technology have accelerated productiveness ranges. Also, the EU’s unwavering willpower to control quality and adhere to stringent requirements guarantees that it remains the premier international manufacturer of olive oil.

The United States commands the largest share in the olive oil importer market

To begin, Americans are increasingly paying attention to the fitness advantages linked to olive oil, resulting in heightened consumption. Furthermore, a diverse culinary panorama and the presence of various immigrant communities have spurred the desire for olive oil in more than a few cuisines. A robust distribution infrastructure and firmly mounted shops also ensure handy access to olive oil for customers. Moreover, the U.S. consumer base has become more discriminating, displaying a distinct demand for authentic, top-quality olive oil.

Spain reigns as the largest exporter in the olive oil market

Spain benefits from an expansive olive orchard landscape and an excellent climate, ensuring constant olive yields. The nation’s deep-rooted expertise in olive cultivation and superior processing techniques assure the manufacturing of high-quality olive oil. Efficient infrastructure and supply chains enable seamless global exports. Furthermore, government aid and a dedication to rigorous high-quality standards bolster Spain’s role as the foremost exporter in the international olive oil market, meeting the global needs for this enormously regarded culinary essential.

In the upcoming years, virgin olive oil will become more popular

Increased consumer awareness of virgin olive oil’s health advantages, a rise in the demand for high-end and organic food items, and the expanding global appeal of Mediterranean cuisine all contribute to the growth of virgin olive oil. Further boosting the development of high-quality virgin olive oil in the olive oil market is the industry’s key players’ adoption of cutting-edge production methods and sustainable farming practices.

Related Reports

Vegetable Oil Market: https://www.renub.com/vegetable-oil-market-p.php

Soybean Oil Market: https://www.renub.com/soybean-oil-market-p.php

Global Ice Cream Market: https://www.renub.com/ice-cream-market-p.php

Pepperoni Food Market: https://www.renub.com/global-pepperoni-market-p.php

 

The food and beverage sector holds the most significant portion of the olive oil market

Due to the wide variety of olive oil brands that are readily available and the consequent rise in consumer demand, the food and beverage industry holds the largest market share. The demand for olive oil in various food items has also increased due to consumers’ desire for a healthy lifestyle.

 

Competitive Landscape

Several significant players in the olive oil market are covered in the study, including Modi Naturals, Cargill, Inc., Bunge Limited, Conagra Brands, and Semapa.

Market Summary

  • Consumption – The Report covers the Olive Oil Market by consumption in 11 viewpoints (EU-27, Turkey, Morocco, Tunisia, Syrian Arab Republic, Algeria, Argentina, Lebanon, Jordan, Chile, and Others).
  • Production – By production, the Olive Oil Market is breakup into 11 viewpoints (EU-27, Turkey, Morocco, Tunisia, Syrian Arab Republic, Algeria, Argentina, Lebanon, Jordan, Chile, and Others).
  • Import – The Olive Oil Market is broken up into 11 viewpoints (United States, EU-27, Brazil, Japan, Canada, China, Australia, Turkey, Russian Federation, Saudi Arabia, and Others).   
  • Export – Olive Oil Market breakup by export in 11 viewpoints (EU-27, Tunisia, Turkey, Syrian Arab Republic, Morocco, Argentina, Chile, United States, Lebanon, Jordan, and Others).
  • Type – Renub Research report covers the Olive Oil Market by type in 3 viewpoints (Extra Virgin Olive Oil, Virgin Olive Oil, and Others).
  • Industry – The Olive Oil Market is divided into three viewpoints (Pharmaceuticals, Cosmetics, and Food and Beverages). 
  • Key Players- All the major players have been covered from 4 Viewpoints (Overview, Strategy, Merger/Acquisition, and Financial Insights): Modi Naturals, Cargill, Inc., Bunge Limited, Conagra Brands, and Semapa.    

About the Company: 

Renub Research is a Market Research and Information Analysis company with more than 14 years of experience in Research, Survey, and Consulting. Our research helps companies to take business decisions: on strategy, organization, operations, technology, mergers & acquisitions, etc. Till now we have published more than 7000 syndicated reports and worked on more than 500 custom research projects. Currently, we are supplying data to EMIS, Bloomberg, Thomson Reuters, etc. We support many blue-chip companies by providing them with findings and perspectives across a wide range of markets.

Media Contact:

Company Name: Renub Research

Contact Person: Rajat Gupta, Marketing Manager

Phone No: +1-478-202-3244 | +91-120-421-9822 (IND)

Address: 225 Kristie Ln, Roswell, GA 30076

Email: info@renub.com

LinkedIn: https://linkedin.com/company/renub-research

Website: www.renub.com

Olive Oil Market, Size, Share | Growth Forecast | 2028

Renub Research has recently released a report named “Olive Oil Market, Size, Global Forecast 2023-2028, Industry Trends, Growth, Share, Outlook, Impact of Inflation, Opportunity Company Analysis” providing a detailed industry analysis that consists of market share insights. In addition, the report covers research on competitors and areas and current advancements in the Olive Oil Market. The Olive Oil Market shall expand at a CAGR of 6.48% from 2022 to 2028. Olive oil is a highly nutritious food with numerous health benefits, including reducing the risk of heart disease, improving brain function, and reducing the chances of chronic diseases such as cancer and Alzheimer’s. Its versatility makes it suitable for cooking, salad dressings, and dips, and it has a long shelf life and is widely available in many parts of the world.

The growing awareness of its benefits, as well as the increasing popularity of Mediterranean cuisine and gourmet foods, has contributed to the growth of the olive oil market. Additionally, the use of olive oil in personal care and cosmetic products, due to its moisturizing and antioxidant properties, has also driven market growth. Finally, the growth of online platforms and e-commerce channels has made it easier for consumers to access a broader range of olive oil products worldwide, further driving market growth. As a result, the olive oil market is expected to continue growing as consumers increasingly prioritize healthy and premium food choices.

Olive oil is known to have many health benefits due to its high content of monounsaturated fatty acids and antioxidants. It has been traditionally used in Mediterranean cuisine and is now widely used around the world in various cuisines. In addition to its use in cooking and as a dressing, the cosmetic industry has also recognized the benefits of olive oil for skincare and haircare products. The antioxidants present in olive oil protect the skin from free radical damage and reduce inflammation, which can lead to premature aging of the skin. It also helps to keep the skin moisturized and hydrated, making it an excellent ingredient in moisturizers, lotions, and other skincare products. Olive oil is also good for hair care, as it nourishes and moisturizes the hair, making it smoother and shinier. It can be used as a conditioner, a hair mask, or even as a styling product to control frizz and add shine.

Consumption of olive oil has witnessed a significant rise in the EU 27

The EU27 dominates the olive oil market due to several factors, such as the region’s suitable climate for olive cultivation, the historical tradition of olive oil production, and favorable government policies. As a result, the EU27 countries, particularly Spain, Italy, and Greece, are major producers of olive oil and account for a significant share of global production. Additionally, the EU27 has strict quality and production regulations, which ensure that the olive oil is produced in the region is of high quality and meets international standards. As a result, the EU27 is recognized as a premium olive oil producer, with consumers worldwide willing to pay a premium price for olive oil products from the region.

Consumption–Olive Oil Market Analysis have been Covered from 11 Viewpoints

1.    EU-27

2.    Turkey

3.    Morocco

4.    Tunisia

5.    Syrian Arab Republic

6.    Algeria

7.    Argentina

8.    Lebanon

9.    Jordan

10.    Chile

11.    Others

Europe is the highest producer of Olive Oil in the world

The European continent’s maximum production of olive oil is due to several factors, including favorable climatic conditions, suitable soil types, advanced cultivation techniques, and the long-standing tradition of olive oil production. Spain, Italy, and Greece, are among the world’s largest olive oil-producing countries, collectively account for a significant share of global olive oil production. Furthermore, the high demand for olive oil in the European market for both consumption and use in the food and cosmetic industries drives its maximum production.

Production–Olive Oil Market Analysis have been Covered from 11 Viewpoints

1.    EU-27

2.    Turkey

3.    Morocco

4.    Tunisia

5.    Syrian Arab Republic

6.    Algeria

7.    Argentina

8.    Lebanon

9.    Jordan

10.    Chile

11.    Others

United States has attained the largest market share in olive oil import due to increasing product consumption

Several factors contributes to the dominance of the United States in olive oil imports, such as the growing cognizance of the health benefits of consuming olive oil, the popularity of Mediterranean cuisine, the increasing demand for premium quality olive oil, and the abundance of distributors and retailers in the country. Additionally, the US has a large population of health-conscious consumers willing to pay a premium price for high-quality olive oil. The government also has a well-developed logistics infrastructure and efficient supply chain, making transporting and distributing olive oil easier for importers.

Import–Olive Oil Market Analysis have been Covered from 11 Viewpoints

1.    United States

2.    EU-27

3.    Brazil

4.    Japan

5.    Canada

6.    China

7.    Australia

8.    Turkey

9.    Russian Federation

10.    Saudi Arabia

11.    Others

Spain is the largest exporter in the olive oil market

Spain has a favorable climate for olive cultivation, with over 300 million olive trees sowed across the country. Additionally, Spain has a long history of olive oil production and has developed advanced cultivation and production techniques, making it a leader in the industry. Spain also has a robust infrastructure for olive oil production, with many mills and processing plants. Furthermore, Spain has made significant investments in marketing and promoting its olive oil exports, helping it expand its market share in countries worldwide. Finally, Spain benefits from its membership in the European Union, which gives it access to a large and growing market for olive oil.

Request a free sample copy of the report: https://www.renub.com/request-sample-page.php?gturl=olive-oil-market-p.php

Export–Olive Oil Market Analysis have been Covered from 11 Viewpoints

1.    EU-27

2.    Tunisia

3.    Turkey

4.    Syrian Arab Republic

5.    Morocco

6.    Argentina

7.    Chile

8.    United States

9.    Lebanon

10.    Jordan

11.    Others

Virgin olive oil will keep growing in the coming years

The rising consumer consciousness of the health benefits of virgin olive oil, a rise in demand for premium and organic food products, and the growing popularity of Mediterranean cuisine across the globe add to the growth of virgin olive oil. Additionally, the adoption of advanced production techniques and sustainable farming practices by key players in the industry has led to increased production of high-quality virgin olive oil, further driving its growth in the olive oil market.

Type–Olive Oil Market Analysis have been Covered from 11 Viewpoints

1.    Extra Virgin Olive Oil

2.    Virgin Olive Oil

3.    Others

Food and beverage industry holds the maximum share of the olive oil market

The food and beverage industry has the largest market share due to the availability of a wide range of olive oil brands, leading to increased consumer demand. Furthermore, consumers’ desire for a healthy lifestyle has increased the demand for olive oil in various food items.

Industry–Olive Oil Market Analysis have been Covered from 3 Viewpoints

1.    Food and Beverages

2.    Cosmetics

3.    Pharmaceuticals

Competitive Landscape.

The report covers several key players in the olive oil market, including Modi Naturals, Cargill, Inc., Bunge Limited, Conagra Brands, and Semapa.

All key players have been covered from 3 viewpoints

1.    Overviews

2.    Recent Developments

3.    Revenues

Company Analysis

1.    Cargill Inc.

2.    Modi Naturals

3.    Ingredient

4.    Bunge Limited

5.    Conagra Brands

6.    Semapa

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About the Company: 

Renub Research is a Market Research and Information Analysis company with more than 14 years of experience in Research, Survey, and Consulting. Our research helps companies to take business decisions: on strategy, organization, operations, technology, mergers & acquisitions, etc. Till now we have published more than 7000 syndicated reports and worked on more than 500 custom research projects. Currently, we are supplying data to EMIS, Bloomberg, Thomson Reuters, etc. We support many blue-chip companies by providing them with findings and perspectives across a wide range of markets.

Media Contact:

Company Name: Renub Research

Contact Person: Rajat Gupta, Marketing Manager

Phone No: +1-478-202-3244 | +91-120-421-9822 (IND)

Address: 225 Kristie Ln, Roswell, GA 30076

Email: info@renub.com

LinkedIn: https://in.linkedin.com/company/renub-research

Website: www.renub.com