Olive Oil Market set to hit $55.9 billion by 2035, as shift toward organic and extra virgin olive oil drives transformation
Industry revenue for Olive Oil is estimated to rise to $55.9 billion by 2035 from $24.2 billion of 2024. The revenue growth of market players is expected to average at 7.9% annually for period 2024 to 2035. Olive oil is critical across several key applications, including Cooking & Baking, Beauty & Personal Care and Pharmaceuticals & Nutraceuticals. The report unwind growth & revenue expansion opportunities at Type, User Type, Packaging and Application with industry revenue Forecast.
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Industry Leadership and Competitive Landscape
The Olive oil market is characterized by intense competition, with a number of leading players such as Deoleo, Sovena Group, Grupo Ybarra Alimentacin, Gallo Worldwide and Pompeian Inc. These players are pushing the boundaries of innovation & technological advancements and forging strategic partnerships to expand the existing reach of the market, thereby shaping its growth trajectory and future prospects by enlarging the total addressable market.
The Olive oil market is projected to expand substantially, driven by the Increasing Health Consciousness and Growing Culinary Influence. This growth is expected to be further supported by Industry trends like Advancements in Cold Press Extraction Techniques; and position the market's continued expansion to reach $38.2 billion by 2030. Moreover, the key opportunities, such as Olive Oil in Health and Wellness and olive oil-based skincare products, are anticipated to create opportunistic revenue pockets in major demand hubs including Spain, Italy and Greece.
Major Markets and Emerging Opportunities
The Spain, Italy, Greece, U.S. and Tunisia are leading the market, driving a significant share of global demand. Businesses in these countries can expect steady revenue growth of 5.1% to 7.6% annually from 2024 to 2035. At the same time, Brazil, India and South Africa are emerging as exciting new opportunities, with fast-growing markets and evolving industry landscapes creating fresh avenues for expansion.
Regional Shifts and Evolving Supply Chains
Europe and North America are the two most active and leading regions in the market. With challenges like High Production Costs and widespread counterfeit products, market Supply Chains from Cultivation & Harvesting / Oil Extraction & Processing / Packaging & Distribution and to Retail & Consumption is expected to evolve & expand further; and industry player’s will be pushed to make strategic shifts towards emerging markets including Brazil, India and South Africa for expansion of the total addressable market (TAM).
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