What is Extra Virgin Olive Oil Market?
Extra virgin olive oil is extracted from the olive, the fruit of the olive tree, using only mechanical or other physical means, in thermal conditions, which do not change the oil in any way. Extra virgin olive oil is having a free acidity, expressed as oleic acid, of not more than 0.8 grams per 100 grams and a peroxide value of less than 20 milliequivalent O2. It must be manufactured completely without the use of any solvents, and under temperatures that will not degrade the oil. The EU is the leading world’s producer of olive oil, accounting for 80% and consumes near about 70% of the world’s olive oil. Spain is the top manufacturer worldwide, followed by Italy, Greece, and Portugal. Each tablespoon of extra virgin olive oil has about 1.9 mg of Vitamin E, a fat-soluble anti-oxidant that can protect the body against eye and skin problems and in fact make hair and skin much healthier. It has also been shown to protect the body from diabetes, neurological diseases such as Alzheimer's, and lung cancer.
Highlights from Extra Virgin Olive Oil Market Study
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Salov North America Corp (United States), Agro Sevilla Group (Spain), Star Fine Foods (United States), Deoleo (Spain), Borges USA (United States), Grupo Ybarra Alimentación (Spain), Carapelli Firenze S.p.A (Italy), Sovena (Portugal), Cobram Estate (Australia) and Del Monte Foods (United States) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that Spanish Vendors will contribute to the maximum growth of Global Extra Virgin Olive Oil market throughout the forecasted period.
Salov North America Corp (United States), Agro Sevilla Group (Spain), Star Fine Foods (United States), Deoleo (Spain), Borges USA (United States), Grupo Ybarra Alimentación (Spain), Carapelli Firenze S.p.A (Italy), Sovena (Portugal), Cobram Estate (Australia) and Del Monte Foods (United States) are some of the key players profiled in the study. Extra Virgin Olive Oil Market Segmentation:
Scope | Sub-Segments |
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Application / End User | B2B and B2C |
Type | Virgin Olive Oil [Extra Virgin Olive Oil, Virgin Olive Oil and Lampante Olive Oil], Refined Olive Oil, Olive Oil, Crude Olive-Pomace Oil, Refined Olive-Pomace Oil and Olive-Pomace Oil |
Distribution Channel | Online,Offline |
Industry Vertical | Food Industry,Cosmetics,Pharmaceutical |
Packaging Method | Glass Container,Steel and Tinplate,Plastic Container,Policoupled Container |
Packaging Size | Less than 500ml,500ml,750ml,1000ml,More Than 1000ml |
On the basis of geography, the market of Extra Virgin Olive Oil has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Popularity of Virgin Olive Oil among the Health-Conscious Population and Health Benefits Associated With the Consumption of Olive Oil
Market Growth Drivers:
Growing Urbanization and Globalization of Food Trade Is Anticipated, Increasing Disposable Income and Increases in Awareness Related To Diverse Effects of Consumption of Oils
Challenges:
Side Effects Related to Olive Oil
Restraints:
High Cost of Extra Virgin Olive Oil as Compare to Normal Oil
Opportunities:
Growing Acceptance of Olive Oil in Culinary Uses and Increasing Consumption of Olive Oil
Key Target Audience
Manufacturers of Olive Oil, Suppliers of Olive Oil, Wholesalers, Distributors and Retailers of Olive Oil, Food & Beverage Industry, Regulatory Bodies, Research Organization and Governmental Bodies
Market Leaders & Development Strategies
Portuguese olive oil manufacturer Grupo Sovena has entered the Chilean market with the purchase of a 24.6% stake in local company Soho.
Pompeian, Inc. The Olive Oil People announced the expansion of their olive oil and vinegar portfolios with three innovations that will aim to eliminate confusion in the aisle and provide shoppers with a product for every unique taste preference and cooking occasion.
All olive oils sold at the retail stage in the EU must be labelled in accordance with the general labelling requirements of Directive 2000/13/EC. In any case, a label may not mislead consumers regarding the characteristics of oils (composition, quality, origin, category, method of production, etc.). More information on these general labelling requirements can be found in the CBI document EU legislation: Food labelling.