Global Organic Olive Oil Market Outlook, Trends 2024-2033: An In-Depth Analysis

The organic olive oil global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.

Organic Olive Oil Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.

Market Size –

The organic olive oil market size has grown strongly in recent years. It will grow from $1 billion in 2023 to $1.09 billion in 2024 at a compound annual growth rate (CAGR) of 9.7%. The growth in the historic period can be attributed to rising consumer awareness about health benefits, increasing disposable income, growing popularity of mediterranean diet, expansion of organic farming practices, government subsidies and support, improvements in supply chain infrastructure, rise in specialty food stores.

The organic olive oil market size is expected to see strong growth in the next few years. It will grow to $1.59 billion in 2028 at a compound annual growth rate (CAGR) of 9.8%. The growth in the forecast period can be attributed to increasing demand for organic products, advancements in organic farming techniques, expanding e-commerce platforms, a rising number of health-conscious consumers, innovative marketing strategies, premiumization of food products, and regulatory support for organic farming. Major trends in the forecast period include blockchain for traceability, eco-friendly packaging, AI in agriculture, cold-pressed extraction technology, the development of new organic certifications, digital marketing and social media influence, and the and the use of drones in olive cultivation.

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Scope Of Organic Olive Oil Market

The Business Research Company’s reports encompass a wide range of information, including:

Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
Drivers: Examination of the key factors propelling market growth.
Trends: Identification of emerging trends and patterns shaping the market landscape.
Key Segments: Breakdown of the market into its primary segments and their respective performance.
Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
Macro Economic Factors: Assessment of broader economic elements impacting the market.

Organic Olive Oil Market Overview

Market Drivers –

The rising demand for functional foods is expected to propel the growth of the organic olive oil market going forward. Functional foods refer to components derived from natural sources that provide additional health benefits beyond essential nutrition. Consumers are becoming more aware of the link between diet and health, leading to a preference for foods that offer health benefits beyond essential nutrition. Organic olive oil is used in functional food due to its high content of antioxidants and healthy monounsaturated fats, which provide numerous health benefits, such as reducing inflammation and improving heart health. For instance, in February 2022, according to a report published by Agriculture and Agri-Food Canada, a Canada-based government agency, the retail sales value of the health and wellness food and beverage sector in the United States increased to $191.9 billion in 2021, compared to $191.7 billion in 2020. Additionally, fortified or functional foods and beverages are expected to grow by 15.3%, and the health and wellness category is projected to reach $218.1 billion in 2025, reflecting a 13.8% increase compared to 2021. Therefore, the rising requirement for functional foods drives the organic olive oil market.

Market Trends –

Major organizations operating in organic olive oil are looking to advance the distribution and development of organic olive by leveraging digital ecosystems such as application management systems to streamline supply chains, enhance traceability, and connect directly with global consumers. The digital application management system helps farmers learn from each other, adopt new technologies, manage their finances and marketing effectively, and join a larger community. For instance, in September 2021, an EU-based initiative designed to support small and medium-sized olive oil producers in the Mediterranean region introduced a new application named Artolio App to connect extra virgin olive oil producers across the Mediterranean. This innovative application management system, funded by the European Union under the ENI CBC MED program, aims to enhance business operations, foster innovation, and facilitate knowledge exchange. Through the ARTOLIO App, farmers establish a digital regional community of skilled local producers, enhance visibility, leverage scale advantages, and offer high-quality products to the market.

The organic olive oil market covered in this report is segmented –

1) By Type: Virgin Olive Oil, Extra Virgin Olive Oil

2) By Distribution Channel: Hypermarkets Or Supermarkets, Grocery Store, Online, Other Distribution Channel

3) By End User: Food Processing, Food Service, Cosmetics And Personal Care, Pharmaceuticals, Other End Users

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Regional Insights –

Europe was the largest region in the organic olive oil market in 2023. The regions covered in the organic olive oil market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Key Companies –

Major companies operating in the organic olive oil market are Minerva S.A., Sovena Group S.A., Deoleo S.A., Borges Organic Olive Oil Company, Roland Foods LLC, California Olive Ranch Inc., Cobram Estate Olives Limited, Terra Delyssa, Curation Foods Inc., Belazu Ingredient Company Ltd., La Tourangelle Inc., Colavita S.p.A., Monini S.p.A., Oleificio Zucchi S.p.A., Castillo de Canena Olive Juice S.L., Ybarra Alimentación S.A., Oleoestepa S.C.A., Grupo Maeva S.L., Bariani Olive Oil LLC, Enzo Olive Oil Company, Lamasia Comunicacion S.A., Lucini Italia Co., Kosterina Inc., Frantoio Franci S.R.L., Gaea Products S.A.

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