What Has Been the Growth of the Organic Olive Oil Market So Far?
The organic olive oil market has seen considerable growth due to a variety of factors.
• The organic olive oil market has grown rapidly in recent years. It will increase from $1.09 billion in 2024 to $1.2 billion in 2025, at a compound annual growth rate (CAGR) of 10.0%.
Growth is driven by rising awareness of its health benefits, increasing disposable incomes, the popularity of the Mediterranean diet, growth in organic farming, and improvements in supply chain infrastructure.
What Are the Future Growth Projections for the Organic Olive Oil Market?
The organic olive oil market is expected to maintain its strong growth trajectory in upcoming years.
• The organic olive oil market is forecasted to reach $1.74 billion by 2029, growing at a CAGR of 9.7%.
Growth is driven by rising demand for organic products, advancements in farming techniques, increased e-commerce, and a growing health-conscious consumer base. Trends include blockchain for traceability, eco-friendly packaging, cold-pressed extraction technology, digital marketing, and the use of drones in cultivation.
What Are The Core Factors Supporting Growth In The Organic Olive Oil Market?
The increasing consumer demand for functional foods, which are natural consumables that provide additional healthy benefits beyond basic nutrition, is expected to lead to a significant surge in the organic olive oil market. This is due to a growing recognition of the connection between dietary habits and overall health, causing people to gravitate towards foods that offer enhanced health benefits. Given its rich supply of antioxidants and beneficial monounsaturated fats, organic olive oil is a popular choice for functional food, with benefits ranging from reducing inflammation to bolstering heart health. As an example, a report from Agriculture and Agri-Food Canada, a government agency, in February 2022 forecasted a growth of 15.3% in fortified or functional foods and beverages, predicting the health and wellness sector to hit $218.1 billion by 2025, a 13.8% rise compared to 2021. Consequently, the mounting demand for functional foods is stimulating the market for organic olive oil.
What Are The Major Segments Within The Global Organic Olive Oil 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
Subsegments:
1) By Virgin Olive Oil: Pure Virgin Olive Oil, Light Virgin Olive Oil, Cold-Pressed Virgin Olive Oil, Unfiltered Virgin Olive Oil, Organic Virgin Olive Oil For Cooking, Organic Virgin Olive Oil For Culinary Uses
2) By Extra Virgin Olive Oil: Organic Extra Virgin Olive Oil, First Cold-Pressed Extra Virgin Olive Oil, Unfiltered Extra Virgin Olive Oil, Organic Extra Virgin Olive Oil For Direct Consumption, Flavored Extra Virgin Olive Oil (With Herbs, Garlic), Premium Extra Virgin Olive Oil, Single-Origin Extra Virgin Olive Oil
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Which Emerging Market Trends Are Altering The Organic Olive Oil Industry?
Key firms in the organic olive oil sector are prioritizing the introduction of innovative solutions like carbon-neutral olive oil products to diminish their ecological impact and cater to the growing market demand for eco-friendly products. The carbon-neutral olive oil products are manufactured with zero net carbon footprint through the offset of emissions during periods of farming, processing, and distribution by implementing sustainable methods and carbon offset schemes. For example, in December 2023, an Indian-based Farmers Fertiliser Cooperative named Indian Farmers Fertiliser Cooperative, launched the Gulf Cooperation Council (GCC) region's first-ever carbon-neutral olive oil under its Rahma brand name. This introduction contributes to sustainability, fortifies brand perception, and is designed to seize fresh market niches within the GCC. In harmony with international sustainability objectives and the UAE's 2023 Year of Sustainability, IFFCO's initiative signifies their commitment to environmentally friendly practices in the food manufacturing process. By introducing certified carbon-neutral olive oils, IFFCO aims to draw in eco-aware customers, enhance sales, and establish itself as a front-runner in the high-end olive oil market.
Who Are the Key Players In The Organic Olive Oil Market?
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.
What Is The Most Dominant Region In The Organic Olive Oil Market?
Europe was the largest region in the organic olive oil market in 2024. The regions covered in the organic olive oil market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
