Extra Virgin Olive Oil Market: Insights into Key Segments and Regional Dynamics 2030

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Extra Virgin Olive Oil Market Overview

The global extra virgin olive oil market was valued at USD 10.08 billion in 2023 and is projected to reach USD 14.41 billion by 2030, growing at a CAGR of 5.30% during the forecast period.

Extra virgin olive oil (EVOO) is a well-liked option for people all over the world because of its well-known health benefits and culinary versatility. It is mechanically extracted from olives without the use of heat or chemicals, guaranteeing the best quality while maintaining the nutritional content and depth of flavor. The increasing popularity of Mediterranean cuisine, expanding consumer knowledge of the health benefits of extra virgin olive oil, and growing demand for natural and organic products have all contributed to the steady rise of the worldwide extra virgin olive oil market.

Key players

Agro Sevilla Group

TheStar Fine Foods – Borges USA

Miguel Gallego SA

DEOLEO

Nutrinveste SGPS, SA.

Carapelli Firenze S.p.A

Market Segmentation

The extra virgin olive oil market can be segmented based on various factors, including category, packaging, and distribution channel.

By Category:

Organic: Olives farmed without the use of synthetic fertilizers, pesticides, or genetically modified organisms (GMOs) yield extra virgin olive oil that is considered organic. It is becoming more and more popular among customers looking for natural and eco-friendly items who are also health-conscious.

Conventional: Made with conventional techniques, conventional extra virgin olive oil could have trace amounts of artificial fertilizers or pesticides. Because it is more widely available and costs less, it continues to be the most popular category in the market.

By Packaging:

The most popular extra virgin olive oil packaging formats are bottles and jars because they keep the oil fresh and stop it from oxidizing. They come in a variety of sizes, from little personal use bottles to bigger jars for business use.

Cans: Especially for bigger amounts, cans are a common extra virgin olive oil container style. They provide air and light protection, preserving the oil’s quality and prolonging its shelf life.

Others: To meet the varying needs and interests of consumers, additional formats for extra virgin olive oil packaging include pouches, sachets, and bulk containers.

By Distribution Channel:

Store-Based: Supermarkets, hypermarkets, convenience stores, and specialty shops are examples of store-based distribution channels. They serve as the main avenues of distribution for extra virgin olive oil, providing customers with a large selection of brands and packaging choices.

Non-Store-Based: Direct-to-consumer sales and internet retail are examples of non-store-based distribution channels. The convenience of online shopping for extra virgin olive oil has led to the expansion of this distribution channel as e-commerce has grown.

Regional Analysis

The extra virgin olive oil market is divided into numerous important regions, such as Latin America, North America, Europe, Asia-Pacific, and the Middle East and Africa.

North America region is a big extra virgin olive oil market (EVOO) because of the growing demand for Mediterranean cuisine and growing awareness of the benefits of EVOO for health. The two countries in the region that utilize extra virgin olive oil most frequently are the US and Canada.

Europe: With nations like Greece, Italy, and Spain being significant producers and exporters of extra virgin olive oil, Europe leads the world market for EVOO. The popularity of the Mediterranean diet and the region’s rich culinary heritage both contribute to Europe’s high demand for extra virgin olive oil.

Asia-Pacific: The extra virgin olive oil market in this region is expanding quickly due to a number of factors, including shifting dietary preferences, rising disposable income, and the growing impact of Western cuisines. Australia, China, and Japan are becoming the region’s main markets for extra virgin olive oil.

Latin America: With nations like Argentina, Chile, and Brazil boosting their EVOO production and consumption, this region is also seeing a growth in the extra virgin olive oil industry. The market is expanding because of the region’s tropical environment, which is ideal for olive farming.

Middle East & Africa: Due to the region’s growing popularity of Mediterranean cuisine and increased knowledge of its health benefits, the Middle East & Africa region is seeing a rise in demand for extra virgin olive oil.

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