Cargill Incorporated, Del Monte Foods Inc., SOVENA Dominated the Global Olive Oil Market in 2021

Global Olive Oil Market is expected to grow with a CAGR of 4.7% in the forecast period of 2022 to 2029. The years considered for the study are as mentioned below.

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Global olive oil market is a highly consolidated market, which includes a specific number of key players. The market has witnessed increased strategic developments owing to favorable market scenarios.

The major players dealing in the global olive oil market are introducing a strong range of products provider along with adopting strategic initiatives such as publications, acquisition, business expansion, award, and recognition into the market. This helped companies to maximize sales with an enhanced product portfolio.

For instance:

  • In June 2019, Cargill, Incorporated acquired Dalmia Continental's olive oil business under the 'Leonardo' brand. Leonardo is a leading olive oil brand with an annual sales volume of 3,000 tons. This has helped the company to widen its olive oil product portfolio

Cargill, Incorporated is the dominating player in the global olive oil market. The other key players existing in the market are Deoleo, Del Monte Foods, Inc, Gallo Worldwide, BORGES INTERNATIONAL GROUP, S.L.U., Avenida Rafael Ybarra, SOVENA, Sun Grove Foods Inc., EU Olive Oil Ltd, Artajo oil, SALOV GROUP, Aceites Sandúa, Tucan Olive Oil Company LTD, Domenico Manca S.p.a., Les huiles d'olive Lahmar, GRAMPIANS OLIVE CO., Victorian Olive Groves, Gourmet Foods Inc., JAENCOOP GROUP, ΜΙΝΕRVΑ, among others.

Cargill, Incorporated.

Cargill, Incorporated. was founded in 1865 and is headquartered in Iowa, U.S. The company focuses on bringing food, agricultural, financial and industrial products to people who need them all around the world. The company operates in various product categories such as agriculture, animal nutrition, beauty, bioindustrial, carbon solutions, food service, food & beverage, pharmaceutical, meat & poultry, transportation, and risk management. The market-focused category is food & beverages.

The company has a wide presence across North America, South America, the Middle East and Africa, Asia-Pacific, and Europe. The subsidiaries are Cargill Ltd. (Canada), Cargill AgHorizons, Inc. (U.S.), Cargill Meat Solutions (U.S.), Cargill Espana S.A. (Spain), NatureWorks (U.S.), among others.

Del Monte Foods, Inc

Del Monte Foods, Inc, was founded in the year 1888 and is headquartered in California, U.S. The company focuses on producing, marketing, and distributing fresh and fresh-cut fruit and vegetables. The company operates in various product categories such as Mayonnaise, Ketchups & Sauces, Pasta, Olive Oil, Fruit Juices & Drinks, Dried Fruits & Seeds, Olives, Pizza Pasta Sauce, Packaged Fruit & Vegetables, and Chinese Sauces. The market-focused category is olive oil.

The company operates widely in regions such as North America, Europe, Asia-Pacific, South America, and Middle East & Africa. The subsidiaries are Industrias Citricolas de Montemorelos S.A. de C.V. (U.S.), College Inn Foods (U.S.), Del Monte Argentina (Argentina), Del Monte Peru, S.A.C. (Peru), Del Monte Argentina SA (Argentina), among others.

For instance,

  • In January 2021, Del Monte Foods, Inc launched a special one-liter pouch pack, thereby making olive oil affordable like never before. This has helped the company to widen its product portfolio

SOVENA

SOVENA was founded in 1956 and is headquartered in Algés, Portugal. The company focuses on the production of cooking oils, olive oils, olives, and soaps. The company is engaged in the manufacturing of sustainable products such as olive oil, vegetable oils, and table olives. The market-focused category is olive oil.   

For instance,

  • In July 2020, SOVENA acquired a 24.6% stake in local company Soho. This has helped the company incorporate new products into its supply chain into the Chilean market.