June 14, 2024

Organic Olive Oil Market Outlook

According to the report by Expert Market Research (EMR), the global organic olive oil market size is projected to grow at a CAGR of 9.1% between 2024 and 2032. Aided by the escalating consumer inclination towards healthful and organic food products, coupled with the broadening utility of organic olive oil across diverse sectors, the market is expected to grow significantly by 2032.

Organic olive oil, renowned for its rich nutritional profile and myriad health benefits, is extracted from olives cultivated without the use of synthetic pesticides, fertilisers, or genetically modified organisms (GMOs). It is a staple ingredient in the Mediterranean diet and is acclaimed for its heart-healthy fats, antioxidants, and anti-inflammatory properties. Beyond its culinary applications, organic olive oil is increasingly appreciated in cosmetics, pharmaceuticals, and natural remedies, reflecting its versatile and indispensable nature.

The global organic olive oil market growth is fundamentally driven by the burgeoning demand for organic, non-GMO food products. A growing body of health-conscious consumers is gravitating towards foods that support wellness and longevity, placing organic olive oil in high regard due to its contribution to a healthy lifestyle. Moreover, the widespread acknowledgement of the Mediterranean diet’s benefits, characterised by its high consumption of olive oil, has fortified the demand for organic olive oil as a dietary staple.

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As per the organic olive oil market analysis, the versatility of organic olive oil has expanded its applications beyond the kitchen. In the cosmetic sector, it is cherished for its natural moisturising, anti-ageing, and protective qualities, making it a sought-after ingredient in skincare and haircare formulations. The pharmaceutical sector recognises organic olive oil for its therapeutic potential, utilizing it in supplements and natural remedies to leverage its antioxidant and anti-inflammatory effects.

The organic olive oil market is witnessing significant innovations, particularly in product diversification and sustainable packaging solutions, aimed at catering to eco-conscious consumers and reducing environmental impact. Brands are introducing flavoured and speciality organic olive oils to meet diverse culinary needs and preferences, while also focusing on biodegradable and recyclable packaging options to align with sustainability goals. Furthermore, the adoption of advanced extraction and processing techniques ensures the preservation of the oil’s nutritional value and purity, enhancing its appeal among health enthusiasts and gourmet consumers alike.

As per the organic olive oil market outlook, the rise of online shopping and direct-to-consumer sales channels is reshaping how organic olive oil is marketed and sold. Producers are leveraging e-commerce platforms to reach a wider audience, offer more product information, and provide a convenient purchasing experience. With a strong emphasis on sustainability, the market is seeing a shift towards innovative packaging solutions that reduce environmental impact. This includes refillable containers, recyclable materials, and reduced plastic use, appealing to eco-conscious consumers.

There is a growing demand for traceability in the organic olive oil supply chain. Consumers want to know the origin of their olive oil, the cultivation practices used, and the journey it has taken from the grove to their table. Producers are responding by implementing technologies like blockchain for enhanced transparency which boosts their organic olive oil market expansion. Consumers are increasingly willing to pay a premium for high-quality, artisanal, and single-origin organic olive oils. This trend towards premiumisation is encouraging producers to focus on quality over quantity, with special attention to unique flavour profiles, harvesting techniques, and artisanal production methods.

The European region, particularly countries like Spain, Italy, and Greece, holds a significant organic olive oil market share, attributed to their long-standing olive cultivation traditions and favourable climatic conditions. However, the market is also gaining momentum in non-traditional regions, such as North America and Asia-Pacific, fuelled by rising health awareness and the global appeal of the Mediterranean diet.

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Organic Olive Oil Market Segmentation

The market can be divided based on type, end use, distribution channel, and region.

Market Breakup by Type

  • Virgin Olive Oil
  • Extra Virgin Olive Oil

Market Breakup by End Use

  • Retail
  • Food Service/HoReCa
  • Food Processing
  • Others

Market Breakup by Distribution Channel

  • Hypermarkets/Supermarkets
  • Grocery Store
  • Online
  • Others

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global olive oil market. Some of the major players explored in the report by Expert Market Research are as follows:

  • Deoleo, S.A.
  • Pompeian, Inc
  • Borges Agricultural & Industrial Edible Oils, S.A.U.
  • Monini S.p.A.
  • Conagra Brands, Inc.
  • Oleificio Zucchi S.p.A.
  • California Olive Ranch, Inc.
  • Minerva S.A.
  • AESA (Agropecuaria Ecologica Sierra de Alcaraz)
  • Others

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