Global Olive Oil Market Overview – Market Growth Analysis And Key Drivers

The Olive Oil Global Market Report 2023, provides comprehensive information on the olive oil market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

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As per The Business Research Company’s Olive Oil Global Market Report 2023, the global olive oil market size is expected to grow from $11.64 billion in 2022 to $12.21 billion in 2023 at a compound annual growth rate (CAGR) of 4.93%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global olive oil market size is expected to reach $15.07 billion in 2027 at a CAGR of 5.39%.

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Product innovation is the key trend gaining popularity in the olive oil market. Major companies operating in the olive oil market are focused on developing innovative products to strengthen their position in the market. For instance, in January 2022, Graza, a US-based manufacturer of extra virgin olive oil, launched two products, Drizzle and Sizzle, the first of their type. They come in squeeze bottles and employ Picual olives, which originated from Andalusia, Spain, a flourishing agricultural region that produces extra virgin olive oil that is always fresh, exceptionally healthy, and never mixed. Drizzle is extracted from olives that are picked during the first week of October, which yields an extremely delicious, aromatic oil that is rich in polyphenols and antioxidants. Sizzle is collected in December, during its prime growing period, when the olives start to turn from green to a stunning purple and green hue and produce more oil.

The olive oil market is segmented:
1) By Type: Virgin Olive Oil, Refined Olive Oil, Extra Virgin Olive Oil, Olive Pomace Oil
2) By Nature: Conventional, Organic
3) By Distribution Channel: B2B Suppliers, Supermarket Or Hypermarket, Grocery Store, Online Retail, Other Distribution Channels
4) By End User: Food Processing, Food Service, Cosmetics And Personal Care, Pharmaceuticals, Other End Users

Europe was the largest region in the olive oil market in 2022.

The table of contents in TBRC’s olive oil market report includes:

1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis

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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis

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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.

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