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 leading region in the global olive oil market. Spain, Italy, Greece, and Portugal are the main producers, contributing approximately 63%, 17%, 14%, and 5% of the region's olive oil, respectively. The market is expected to grow due to increasing sales and production. Additionally, the rising popularity of the Mediterranean diet is likely to boost market development. This information is from a report by Fortune Business Insights™ titled "Europe Olive Oil Market, 2023-2030."
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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)
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 review of the primary market areas and current trends. It discusses the elements that are pushing and slowing down the market, along with how COVID-19 has affected it. It also examines the changes happening in different regions and the tactics employed by major market participants.
Source: https://www.fortunebusinessinsights.com/europe-olive-oil-market-107552
Drivers and Restraints
Rising Popularity of Mediterranean Diet to Propel Market Development
The Mediterranean diet's popularity is expected to increase the demand for olive oil in Europe. This diet is gaining popularity in Belgium, Greece, Iceland, and Spain. To promote the Mediterranean diet and high-quality olive oil, the European Commission has started programs like MedDiet, the Mediterranean Diet Virtual Museum, and MedEat Research. Also, the demand for organic foods in Europe is expected to help the market grow. However, competition from other oils like canola and sunflower oil in some European countries might hinder this growth.
Competitive Landscape
Improvement in the Quality of Olive Production to Augment Market
The European olive oil market is growing, with big companies like De Cecco di Filippo SPA, Farchioni Ollii SPA, Deoleo SA, Marmara GmbH, and Casa Anadia leading the way. They are expanding in the global and regional markets by offering a variety of products, creating strong brands, and using smart marketing tactics. Also, in October 2020, the European Union started the "ARTOLIO" project through the ENI CBC Med program. This project, funded by the EU, is focused on developing new ways to improve the quality of olive oil.
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.