Market Overview
Europe is the largest region in the global olive oil market. The Europe olive oil market size is projected to grow at a CAGR of 2.82% during the forecast period. The global olive oil market size is projected to grow from USD 14.20 billion in 2022 to USD 18.42 billion by 2030.
Europe is the largest region in the global olive oil market. Spain, Italy, Greece, and Portugal contribute nearly about 63%, 17%, 14%, and 5%, respectively to the production of the oil in the region. Increasing sales and production is expected to drive the market growth. Rising popularity of the Mediterranean diet is also anticipated to propel market development. Fortune Business Insights™ shares this information in its report titled “Europe Olive Oil Market, 2023-2030.”
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Segments:
On the basis of type, the market is divided into virgin, refined/pure, and others (lampante oil and pomace oil).
Based on end-user, the market is divided into household/retail, foodservice/HoReCa, food manufacturing, and others.
Geographically, the market is studied across Germany, France, Italy, Spain, the U.K., and the Rest of European countries.
Report Coverage
The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market's key players.
Drivers and Restraints
Rising Popularity of Mediterranean Diet to Propel Market Development
The growing popularity of the Mediterranean diet is expected to drive the growth of the European olive oil market. This dietary practice is gaining significant traction in European countries including Belgium, Greece, Iceland, and Spain. To promote the Mediterranean diet and the consumption of high-quality olive oil, the European Commission has launched several initiatives such as MedDiet, the Mediterranean Diet Virtual Museum, and MedEat Research. Additionally, a rising demand for organic foods across the region is anticipated to further boost market growth.However, in several European nations, a strong competition from alternative oils such as canola and sunflower oil is expected to restrain the market growth.
Source: https://www.fortunebusinessinsights.com/europe-olive-oil-market-107552
Competitive Landscape
Improvement in the Quality of Olive Production to Augment Market
The expansion of the European olive oil market share is being driven by key players such as De Cecco di Filippo SPA, Farchioni Ollii SPA, Deoleo SA, Marmara GmbH, and Casa Anadia. These companies are enhancing their presence in both global and regional markets through diverse product portfolios, strong brand identities, and effective marketing strategies. In addition, the European Union launched the “ARTOLIO” project in October 2020 under the ENI CBC Med program. This initiative, funded by the EU, aims to implement innovative production measures to improve olive oil quality.
Key Industry Development
February 2023- Starbucks Corporation launched a new line in its menu in Italy. The company has started offering new olive oil-infused coffee across 20 stores in the country.
List of Key Players Profiled in the Report
lli De Cecco di Filippo S.p.A (Italy)
Farchioni Olii S.P.A. (Italy)
Deoleo, S.A, (Spain)
Olive Line International S.L. (Spain)
La Española Olive Oil Inc., (Spain)
Marmara GmbH (Germany)
Acropolis Olive Oil (U.K.)
Borges International Group (Spain)
Casa Anadia (Portugal)
Casa Agrícola Rui Batel, Lda (Portugal)