PUBLISHER: The Business Research Company | PRODUCT CODE: 1539754
PUBLISHER: The Business Research Company | PRODUCT CODE: 1539754
Organic olive oil is derived from olives cultivated without synthetic pesticides, fertilizers, or GMOs. It adheres strictly to organic farming standards, ensuring it remains natural and free of chemical residues. Valued for its versatility and health benefits, it is rich in monounsaturated fats and antioxidants, promoting lower bad cholesterol levels and overall health.
Two primary types of organic olive oil are virgin and extra virgin. Virgin olive oil is extracted mechanically from fresh olives without heat or chemicals, preserving its natural taste and aroma. It may exhibit slight flavor defects due to higher acidity compared to extra virgin olive oil. Distribution channels include hypermarkets, supermarkets, grocery stores, and online platforms, serving end users in food processing, food service, cosmetics, pharmaceuticals, and other industries.
The organic olive oil market research report is one of a series of new reports from the business research company that provides organic olive oil market statistics, including organic olive oil industry global market size, regional shares, competitors with an organic olive oil market share, detailed organic olive oil market segments, market trends and opportunities, and any further data you may need to thrive in the organic olive oil industry. This organic olive oil market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
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 during the historic period was driven by factors such as heightened consumer awareness of health benefits, increased disposable income, the growing popularity of the Mediterranean diet, expansion of organic farming practices, government subsidies and support, improvements in supply chain infrastructure, and the rise of 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%. Anticipated growth in the forecast period is attributed to the rising demand for organic products, advancements in organic farming techniques, expansion of e-commerce platforms, an increasing number of health-conscious consumers, innovative marketing strategies, premiumization of food products, and regulatory backing for organic farming. Key trends expected in this period include the adoption of blockchain for traceability, eco-friendly packaging, AI applications in agriculture, cold-pressed extraction technology, the development of new organic certifications, digital marketing leveraging social media influence, and the use of drones in olive cultivation.
The increasing demand for functional foods is expected to drive growth in the organic olive oil market in the future. Functional foods are natural components known for providing additional health benefits beyond basic nutrition. As consumers become more conscious of the relationship between diet and health, they increasingly prefer foods that offer added health benefits. Organic olive oil, rich in antioxidants and healthy monounsaturated fats, is favored in functional foods for its ability to reduce inflammation and improve heart health. For example, a February 2022 report from Agriculture and Agri-Food Canada noted that retail sales in the health and wellness food and beverage sector in the United States rose to $191.9 billion in 2021 from $191.7 billion in 2020. The fortified or functional foods and beverages segment is projected to grow by 15.3%, with the health and wellness category anticipated to reach $218.1 billion by 2025, marking a 13.8% increase from 2021. Thus, the growing demand for functional foods is a key driver of the organic olive oil market.
Leading organizations in the organic olive oil sector are focusing on enhancing distribution and development through digital ecosystems such as application management systems. These systems streamline supply chains, improve traceability, and enable direct connections with global consumers. Digital application management systems also support farmers in learning from peers, adopting new technologies, managing finances and marketing efficiently, and participating in broader communities. For instance, an EU initiative launched in September 2021 introduced the Artolio App to connect extra virgin olive oil producers across the Mediterranean, enhancing business operations, fostering innovation, and facilitating knowledge exchange. Funded by the European Union under the ENI CBC MED program, this initiative aims to build a digital community among skilled local producers, improve visibility, leverage economies of scale, and deliver high-quality products to the market.
In April 2023, Colavita S.p.A., an Italy-based company specializing in edible oils, acquired the O Olive Oil and Vinegar brand and business assets from Curation Foods Inc. This strategic acquisition aims to integrate the premium, 100% US-produced brand into Colavita's family-operated business. The goal is to maintain the distinctive quality of the O brand while expanding its presence in both U.S. and global markets. Colavita plans to leverage its industry expertise to enhance the brand's unique offerings while continuing its commitment to high-quality, responsibly sourced products. Curation Foods Inc., a US-based natural foods company known for organic extra virgin olive oil, previously owned the O brand.
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 Alimentacion 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.
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.
The countries covered in the organic olive oil market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The organic olive oil market consists of sales of flavored olive oils, virgin organic olive oil, infused organic olive oils, organic olive oil moisturizers and specialty organic blends. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Organic Olive Oil Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on organic olive oil market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for organic olive oil ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The organic olive oil market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.