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Market Size in USD Billion
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USD 3,200.84 Million |
| USD 4,622.08 Million | |
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North America Olive Oil Market, By Type (Virgin Olive Oil, Pomace Olive Oil, Refined Olive Oil, Common Olive Oil, Extra Virgin Olive Oil, Lite/Light Olive Oil), Flavor (Full-Bodied & Earthy, Fruity & Peppery, Fruity & Herby, Mild & Buttery), Extraction Method (First-Press, Cold-Pressed, Cold-Extracted), Application (Food & Beverages, Pharmaceutical, Cosmetics & Personal Care, Aromatherapy, Others), Distribution Channel (Store Based, Non Store Based) - Industry Trends and Forecast to 2030
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Changing lifestyle and rising awareness about the health benefits of olive oil are some other factors acting as market growth determinants. Growing application of olive oil in personal/ skincare products and pharmaceutical drugs will also act as an important factor bolstering the market growth rate. Rising prevalence of obesity and other health problems owing to the use of conventional fatty oils will further create lucrative opportunities for the growth of olive oil market. However, availability of low cost alternative oils will hamper the market growth rate. Also, fluctuations in the prices of olives will further restrain the market growth rate.
Data Bridge Market Research analyzes that the olive oil market which was USD 3,200.84 million in 2022, is expected USD 4,622.08 million by 2030, and is expected to undergo a CAGR of 4.70% during the forecast period of 2023 to 2030. “Virgin olive oil” dominate the type segment of the Olive oil market owing to its rising popularity among consumers attributed to the growing awareness regarding their health benefits. Omega-3 and oleic acid present in virgin oil help to prevent lifestyle-related disorders such as obesity and cardiovascular diseases.
In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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By Type (Virgin Olive Oil, Pomace Olive Oil, Refined Olive Oil, Common Olive Oil, Extra Virgin Olive Oil, Lite/Light Olive Oil), Flavor (Full-Bodied & Earthy, Fruity & Peppery, Fruity & Herby, Mild & Buttery), Extraction Method (First-Press, Cold-Pressed, Cold-Extracted), Application (Food & Beverages, Pharmaceutical, Cosmetics & Personal Care, Aromatherapy, Others), Distribution Channel (Store Based, Non Store Based)
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Countries Covered
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U.S., Canada, and Mexico
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Market Players Covered
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Cargill, Incorporated (U.S.), Deoleo (Spain), Del Monte Foods, Inc. (U.S.), Gallo Worldwide (U.S.), BORGES INTERNATIONAL GROUP, S.L.U. (Spain), Avenida Rafael Ybarra (Spain), SOVENA (Portugal), Aceites Sandúa (Spain), ΜΙΝΕRVΑ (Brazil)
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Market Opportunities
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Market Definition
The olive oil is a versatile and widely used culinary oil derived from the pressing of olives, the fruit of the olive tree. Renowned for its rich flavor and nutritional benefits, olive oil is a staple in Mediterranean cuisine. Available in various grades, such as extra virgin, virgin, and refined, it is prized for its distinctive taste, antioxidant properties, and potential health advantages. Used in cooking, salad dressings, and skincare, olive oil has become a symbol of both culinary excellence and holistic well-being.
Drivers
Health-conscious consumers increasingly opt for olive oil due to its heart-healthy monounsaturated fats, antioxidants, and anti-inflammatory properties. The rising concern about heart diseases and healthier cooking oils drives the demand for olive oil. The Mediterranean diet, known for its numerous health benefits, emphasizes the use of olive oil. North American consumers are embracing this diet for its potential to reduce the risk of chronic diseases, including cardiovascular conditions, fueling the demand for olive oil.
Shoppers are becoming more discerning about product ingredients. Olive oil's natural and transparent nutritional profile aligns with the clean-label trend, contributing to its appeal among health-conscious consumers. Olive oil's association with these health and wellness trends positions it as a preferred cooking and dietary choice in North America. It caters to consumers seeking healthier lifestyles, which is a significant driver of its market growth.
The beauty and skincare industry is experiencing a paradigm shift towards natural and sustainable ingredients. Olive oil's rich profile of vitamins, antioxidants, and moisturizing properties makes it a sought-after component in skincare products. This driver is reinforced by consumers looking for chemical-free and eco-friendly alternatives. Olive oil's historical use in skincare dates back to ancient civilizations. Today, its potential in promoting skin health, hydration, and anti-aging benefits is a driving factor. As consumers seek solutions for youthful, radiant skin, olive oil's presence in skincare formulations gains popularity.
The incorporation of olive oil in skincare is bolstered by its alignment with the natural beauty movement, skin health consciousness, and the desire for age-defying products. This driver reflects the ongoing shift towards holistic and sustainable skincare solutions in North America.
Opportunity
The olive oil market in North America presents opportunities for product innovation in diverse formulations. Skincare companies can develop an array of products such as moisturizers, serums, cleansers, and even makeup infused with olive oil to cater to various consumer preferences and skin types. Customized formulations can target specific skincare concerns, enhancing the product range.
Product innovation in olive oil-based skincare products offers exciting opportunities, including formulation diversity, functional combinations, and sustainable packaging. These strategies respond to evolving consumer demands for personalized, effective, and environmentally conscious skincare solutions in the North American market.
Restraint/Challenge
One limitation in incorporating olive oil into skincare products is the potential for skin sensitivity issues, primarily for individuals with specific allergies or skin conditions. Skincare brands must address this concern by conducting thorough patch tests and providing clear guidance on product suitability, potentially limiting their target audience. Another restraint is the natural shelf-life of olive oil. While it has excellent antioxidant properties, it can still oxidize over time, leading to a shorter shelf life for olive oil-based skincare products compared to those with synthetic preservatives. Brands must manage this limitation through proper formulation and packaging to ensure product freshness.
Addressing these product limitations is crucial for skincare companies using olive oil, as they must carefully manage sensitivities, shelf-life concerns, and the product's texture to ensure consumer satisfaction and safety.
This olive oil market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the olive oil market contact Data Bridge Market Research for an Analyst Brief, our team will help you make an informed market decision to achieve market growth.
Recent Development
The olive oil market is segmented on the basis of type, flavor, extract method, application, and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
Flavor
Extraction Method
Application
Distribution Channel
The olive oil market is analyzed and market size insights and trends are provided by country, type, flavor, extract method, application, and distribution channel referenced above.
The countries covered in the olive oil market report are U.S., Canada, and Mexico.
The U.S. is expected to dominate the market during the forecast period and also the fastest growing country in the region due to growing popularity of olive oil in various industries.
The country section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends, and Porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of North America brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
The olive oil market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, North America presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width, and breadth, application dominance. The above data points provided are only related to the companies' focus related to the olive oil market.
Some of the major players operating in the olive oil market are:
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To support market growth and help clients navigate the impact of geopolitical shifts, DBMR has integrated in-depth supply chain analysis into its North America Olive Oil Market research reports. This addition empowers clients to respond effectively to global changes affecting their industries. The supply chain analysis section includes detailed insights such as North America Olive Oil Market consumption and production by country, price trend analysis, the impact of tariffs and geopolitical developments, and import and export trends by country and HSN code. It also highlights major suppliers with data on production capacity and company profiles, as well as key importers and exporters. In addition to research, DBMR offers specialized supply chain consulting services backed by over a decade of experience, providing solutions like supplier discovery, supplier risk assessment, price trend analysis, impact evaluation of inflation and trade route changes, and comprehensive market trend analysis.
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.