Extra Virgin Olive Oil Market | Contrive Datum Insights

The global Extra Virgin Olive Oil market was valued at 1451.1 million in 2022 and is projected to reach US$ 1842.8 million by 2030 at a CAGR of 3.5% during the forecast period.

Extra Virgin Olive Oil Market Overview:

Extra virgin olive oil is a premium ingredient in your kitchen cupboard, known for its versatility, rich flavor, and fantastic health benefits. It is the least processed olive oil and is often considered the healthiest. Extra virgin olive oil contains heart-healthy monounsaturated fatty acids. The precise balance of omega-3 and omega-6 fatty acids makes this oil especially suitable for cooking. Key antioxidants in olive oil include the anti-inflammatory oleocanthal and oleuropein. In some investigations, 10 g of fresh pitted olives were used, which contained almost 20 mg of oleuropein. Hence, the surge in extra virgin olive oil earnings globally is fueling the growth of the extra virgin olive oil industry, thereby contributing to the global extra virgin olive oil industry outlook.

Extra Virgin Olive Oil market size, estimates, and forecasts are provided in terms of sales volume (K Units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Extra Virgin Olive Oil market in detail. Regional market sizes related to products by type, by application, and by player are also delivered. In estimating the size of the market, we considered the impact of COVID-19 and the Russian-Ukraine war.

Key Market Updates:

• Deoleo SA has invested in the olive fruit business to ensure future supplies are not interrupted. The key player recently saw a capital increase of €25 million.
• In March 2021, Esporão introduced a novel organic extra virgin olive oil in Portugal. It was manufactured in the Olive Mill of Herdade do Esporão.

Major Segments Covered in the Global Extra Virgin Olive Oil Market:

Market Key Players:
Lamasia, Sovena Group, Gallo, Grup Pons, Maeva Group, Ybarra, Jaencoop, Deoleo, Carbonell, Hojiblanca, Mueloliva, Borges, Olivoila, Betis, Poulina, Minerva, And Others.

Extra Virgin Olive Oil Market by Types:

• First Grade
• Second Grade
• Others

By Category

• conventional
• Organic

• Bottles
• Jars
• Cans

• Store-based
• Non-store-based

Extra Virgin Olive Oil Market by Applications:

• Cooking
• Cosmetics
• Pharmaceuticals
• Others

Extra Virgin Olive Oil Market by Regions:

The report estimates revenue growth at the worldwide, regional, and country levels and delivers an analysis of the recent industry trends in each sub-segment from 2017 to 2030.

The market in North America is expected to grow at a moderate CAGR owing to rising consumer awareness towards healthy food. The presence of major players such as Corto Olive Oil Co., California Olive Ranch, Lucini Italia Group, Cobram Estate, and Bertolli has increased significantly over the past few years.

Europe is one of the largest markets for extra virgin olive oil, globally and in Europe, as it is either produced locally or imported from other parts of the world. Countries such as Italy (a major producer), Spain, and Portugal are known for their high consumption rates, which will drive the market throughout the forecast period.

Significant Market Dynamics:

Growth Factors:

There is an increasing demand for olive oil in the food industry.

Increasingly health-conscious consumers in developing economies.

There is growing awareness of the nutritional benefits of extra virgin oils, especially among millennials and Gen Zers.

The global elderly population is increasing.

Report Scope of Global Extra Virgin Olive Oil Market:

Points Covered in the Report

• The points that are discussed within the report are the major market players that are involved in the Market such as Market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
• The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analyzed 12 years of data history and forecast.
• The growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail.
• Data and information by market player, region, type, application and etc., and custom research can be added according to specific requirements.
• The report contains a SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.