Market Overview:
The global extra virgin olive oil market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for premium quality olive oils, rising awareness about the health benefits of consuming olive oil, and growing popularity of Mediterranean diet. The global extra virgin olive oil market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into cold pressed, flavored, virgin, blended and others. The cold pressed segment accounted for a major share in 2017 owing to its high quality and purity as compared to other types of oils. On the basis of application, cooking accounted for a major share in 2017 owing to its widespread use in various cuisines across different regions worldwide.
Product Definition:
Extra-virgin olive oil is made from pure, cold-pressed olives, whereas other grades of olive oil are diluted with other oils. It has a fruity taste and a strong aroma. It is also the most expensive and the healthiest kind of olive oil.
Cold Pressed:
Cold-pressed EVOO is a new term in the Extra Virgin olive oil industry. It was created to differentiate the product from that obtained by hot pressing, which is generally used for making lamp and cooking oils. Cold pressed means that the olives are extracted after they have been chilled in order to preserve as much of their nutrients as possible.
Flavored:
Flavored olive oil is a product that has been infused with botanical ingredients such as herbs, spices, or fruit flavors. The most common flavors used in the production of extra virgin olive oil are lemon, orange blossom, and rosemary.
Application Insights:
Extra virgin olive oil is widely used in several applications including cooking, cosmetics, pharmaceutical and fuel. Among these applications cooking held the largest market share of over 45% in 2017 owing to its wide scope of application in food preparation. It can be used as a base for salad dressings, sauces and dips or as an ingredient on its own. The antioxidant content present in EVOO helps reduce the risk of heart diseases by lowering cholesterol levels and controlling blood pressure.
The use of extra virgin olive oil is increasing significantly across several industries such as cosmetics due to its high-performance characteristics coupled with low allergic reactions caused by natural ingredients among consumers particularly women aged 25 to 29 years old who constitute major consumers for this product category globally according to data published by the European Commission (EC).
Regional Analysis:
Europe was the largest market for EVOO, accounting for more than 35% of the global revenue in 2017. Italy and Spain are among the largest consumers of extra virgin olive oil in Europe. The region is characterized by a strong presence of small-scale producers who have been producing quality products according to traditional methodsologies since decades.
Asia Pacific is expected to be one of the fastest growing markets with a CAGR exceeding 6% from 2018 to 2030 owing to increasing awareness about health benefits associated with EVOO and its derivatives such as anti-aging properties, reduction in cholesterol levels, prevention from heart diseases etc. Moreover, new product launches coupled with consumer inclination towards healthy lifestyle will drive demand over next eight years.
Growth Factors:
- Increasing demand for healthy and organic food products is driving the growth of Extra Virgin Olive Oil market.
- Rising disposable income of consumers is propelling the demand for premium quality olive oil products.
- Growing awareness about the health benefits of consuming Extra Virgin Olive Oil is fueling its demand worldwide.
- The increasing popularity of Mediterranean diet is boosting the growth of Extra Virgin Olive Oil market globally.
- Rapid urbanization and changing lifestyle trends are providing a major impetus to the growth of this market
Scope Of The Report
Report Attributes
Report Details
Report Title
Extra Virgin Olive Oil Market Research Report
By Type
Cold Pressed, Flavored, Virgin, Blended, Others
By Application
Cooking, Cosmetics, Pharmaceutical, Fuel
By Companies
Agro Sevilla Group, SALOV North America, Star Fine Foods - Borges, Grupo Ybarra Alimentación, DEOLEO, SOVENA, Carapelli Firenze, Agro Sevilla Group
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
204
Number of Tables & Figures
143
Customization Available
Yes, the report can be customized as per your need.
Global Extra Virgin Olive Oil Market Report Segments:
The global Extra Virgin Olive Oil market is segmented on the basis of:
Types
Cold Pressed, Flavored, Virgin, Blended, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Cooking, Cosmetics, Pharmaceutical, Fuel
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Agro Sevilla Group
- SALOV North America
- Star Fine Foods - Borges
- Grupo Ybarra Alimentación
- DEOLEO
- SOVENA
- Carapelli Firenze
- Agro Sevilla Group
Highlights of The Extra Virgin Olive Oil Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cold Pressed
- Flavored
- Virgin
- Blended
- Others
- By Application:
- Cooking
- Cosmetics
- Pharmaceutical
- Fuel
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Extra Virgin Olive Oil Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Extra virgin olive oil is a type of vegetable oil that is made from pure, cold-pressed olives. It has a fruity taste and a strong, pungent aroma.
Some of the major players in the extra virgin olive oil market are Agro Sevilla Group, SALOV North America, Star Fine Foods - Borges, Grupo Ybarra Alimentaci³n, DEOLEO, SOVENA, Carapelli Firenze, Agro Sevilla Group.
The extra virgin olive oil market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Extra Virgin Olive Oil Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Extra Virgin Olive Oil Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Extra Virgin Olive Oil Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Extra Virgin Olive Oil Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Extra Virgin Olive Oil Market Size & Forecast, 2020-2028
4.5.1 Extra Virgin Olive Oil Market Size and Y-o-Y Growth
4.5.2 Extra Virgin Olive Oil Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Cold Pressed
5.2.2 Flavored
5.2.3 Virgin
5.2.4 Blended
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Cooking
6.2.2 Cosmetics
6.2.3 Pharmaceutical
6.2.4 Fuel
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Extra Virgin Olive Oil Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Extra Virgin Olive Oil Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Cold Pressed
9.6.2 Flavored
9.6.3 Virgin
9.6.4 Blended
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Cooking
9.10.2 Cosmetics
9.10.3 Pharmaceutical
9.10.4 Fuel
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Cold Pressed
10.6.2 Flavored
10.6.3 Virgin
10.6.4 Blended
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Cooking
10.10.2 Cosmetics
10.10.3 Pharmaceutical
10.10.4 Fuel
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Cold Pressed
11.6.2 Flavored
11.6.3 Virgin
11.6.4 Blended
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Cooking
11.10.2 Cosmetics
11.10.3 Pharmaceutical
11.10.4 Fuel
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Cold Pressed
12.6.2 Flavored
12.6.3 Virgin
12.6.4 Blended
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Cooking
12.10.2 Cosmetics
12.10.3 Pharmaceutical
12.10.4 Fuel
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Cold Pressed
13.6.2 Flavored
13.6.3 Virgin
13.6.4 Blended
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Cooking
13.10.2 Cosmetics
13.10.3 Pharmaceutical
13.10.4 Fuel
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Extra Virgin Olive Oil Market: Competitive Dashboard
14.2 Global Extra Virgin Olive Oil Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Agro Sevilla Group
14.3.2 SALOV North America
14.3.3 Star Fine Foods - Borges
14.3.4 Grupo Ybarra Alimentación
14.3.5 DEOLEO
14.3.6 SOVENA
14.3.7 Carapelli Firenze
14.3.8 Agro Sevilla Group
