Europe Olive Oil Market
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 offers a thorough analysis of the main market segments and the latest trends. It covers the factors driving and hindering the market, as well as the impact of COVID-19. Additionally, it looks at regional developments and the strategies used by key players in the market.
Source: https://www.fortunebusinessinsights.com/europe-olive-oil-market-107552
Drivers and Restraints
Rising Popularity of Mediterranean Diet to Propel Market Development
The rising popularity of the Mediterranean diet is expected to boost the European olive oil market. This diet is becoming increasingly popular in countries like Belgium, Greece, Iceland, and Spain. To encourage the Mediterranean diet and the use of high-quality olive oil, the European Commission has launched initiatives like MedDiet, the Mediterranean Diet Virtual Museum, and MedEat Research. Additionally, the growing demand for organic foods in Europe is likely to further drive market growth. However, strong competition from other oils like canola and sunflower oil in several European countries could slow down this growth.
Competitive Landscape
Improvement in the Quality of Olive Production to Augment Market
The growth of the European olive oil market is being led by major companies such as De Cecco di Filippo SPA, Farchioni Ollii SPA, Deoleo SA, Marmara GmbH, and Casa Anadia. These companies are strengthening their presence in both global and regional markets by offering diverse products, building strong brand identities, and using effective marketing strategies. Additionally, in October 2020, the European Union launched the "ARTOLIO" project under the ENI CBC Med program. This EU-funded initiative aims to introduce innovative production methods to enhance 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.
Europe Olive Oil Market
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