Olive & Olive Derivatives Market Size - By Type (Virgin Olive Oil, Refined Olive Oil, Olive Pomace Oil), By Packaging Type (Glass Bottle, Plastic Bottle, Cans, Bulk Containers), End-Use, Distribution Channel, Regional Outlook & Global Forecast, 2023 – 2032

Olive & Olive Derivatives Market Size

Olive & Olive Derivatives Market size was valued at USD 18.80 billion in 2022 and is estimated to expand at over 3.1% CAGR from 2023 to 2032. Olive cultivation and processing are primarily concentrated in Mediterranean countries such as Spain, Italy, Greece, and Turkey, but its products are enjoyed worldwide. Olive oil, the industry's flagship product, is highly sought after for its health benefits and culinary versatility.
 

The industry also produces olives for consumption in various forms, such as table olives and olive-based spreads and tapenades. The demand for olive derivatives has surged in recent years, with olive-based skincare products and dietary supplements gaining traction in the beauty and wellness sectors. The natural antioxidants and moisturizing properties of olive derivatives have fueled their integration into various industries, enhancing their economic significance.
 

The growing global consciousness around health and wellness has propelled the demand for olive products, thanks to the perception of olives and olive oil as heart-healthy options rich in monounsaturated fats and antioxidants. Additionally, the popularity of Mediterranean and plant-based diets has led to increased consumption of olives and olive oil, as these products are fundamental to such culinary trends.
 

Rising disposable incomes, particularly in emerging economies, have further boosted the olive & olive derivatives market, as consumers are now more inclined to purchase premium olive products. The diversification of olive derivatives into cosmetic and pharmaceutical applications has broadened the market's scope, given the natural antioxidant and moisturizing properties of olive-based compounds.
 

COVID-19 Impact

Initially, the pandemic disrupted global supply chains, leading to labour shortages and logistical challenges in the agriculture sector, including olive cultivation and harvesting. These disruptions, coupled with lockdowns and restrictions on movement, affected the timely harvesting and processing of olives, potentially impacting product quality and availability. The closure of restaurants and foodservice establishments during lockdowns significantly altered consumption patterns. While the demand for table olives witnessed a temporary decline due to reduced restaurant dining, the consumption of olive oil, often used in home cooking, experienced increased sales. This shift in consumer behaviour highlighted the adaptability of the industry to changing circumstances.
 

Olive & Olive Derivatives Market Trends

Olive oil is a healthy cooking oil that is rich in monounsaturated fats, which have been shown to have a number of health benefits, including reducing the risk of heart disease. As consumers become more aware of the health benefits of olive oil, demand is expected to continue to grow. Olive oil is also used in a variety of cosmetics and personal care products, such as soaps, lotions, and shampoos. This is another factor that is driving demand for olive oil. New olive oil production technologies are being developed that can help to improve the quality and yield of olive oil. This is helping to make olive oil more affordable and accessible to consumers.
 

Olive & Olive Derivatives Market Analysis

Based on type, the virgin olive oil segment dominated around USD 12.29 billion in 2022. Virgin Olive Oil is known for its premium quality and unadulterated nature. This category includes extra virgin olive oil, which is the highest quality and most sought-after type due to its superior taste and health benefits. Extra virgin olive oil commands a substantial portion of the market share within this segment, driven by consumer demand for authentic and premium products.
 

Refined Olive Oil, while not as highly regarded for its flavor and health attributes as extra virgin varieties, still maintains a notable share in the market. Refined olive oil is typically used in cooking and food processing due to its higher smoke point and neutral taste, making it suitable for a range of culinary applications.
 

Based on packaging type, the glass bottles segment accounted for 62% of the olive & olive derivatives market share in 2022. Glass bottles have traditionally been the preferred choice for packaging olive oil, particularly the premium extra virgin varieties. They offer several advantages, including protection from light and oxygen, which can degrade the oil's quality.
 

As a result, glass bottles maintain a substantial market share, especially in the high-end and retail segments, where consumers value the product's authenticity and quality presentation. Plastic bottles have gained popularity, especially in the mid-range market segment. They offer convenience in terms of handling, transportation, and reduced risk of breakage compared to glass. Plastic bottles cater to consumers seeking a balance between quality and affordability.
 

Based on end-use, the olive & olive derivatives market from household segment is anticipated to witness 3.5% CAGR through 2032, as consumers increasingly incorporate olive oil and table olives into their daily culinary routines. Olive oil is a staple in many households for cooking, dressings, and dipping, contributing to the consistent demand in this segment. The health benefits and versatility of olive products make them popular choices for home kitchens.
 

Based on distribution channel, the olive & olive derivatives market from supermarkets / hypermarkets segment will gain remarkable momentum during the forecast timeline. These large-scale retail outlets provide consumers with convenient access to a wide range of olive and olive derivative products. Their extensive shelf space and consistent availability of various brands and types make them a preferred choice for many shoppers.
 

Specialty stores, such as gourmet food shops and olive oil boutiques, cater to consumers seeking high-quality and unique olive products. While they have a smaller market share compared to supermarkets, these stores offer curated selections and expert guidance, attracting discerning customers who value authenticity and premium options. 
 

Europe olive & olive derivatives market size held over USD 9.42 billion in 2022. Europe is not only the traditional heartland of olive cultivation but also the largest consumer of olive products, particularly olive oil and table olives. Countries like Spain, Italy, Greece, and Portugal are among the world's leading olive producers and exporters, collectively accounting for a significant portion of the global market. Spain holds the largest market share, known for its vast olive orchards and olive oil production. The country produces a wide range of olive oil qualities, from extra virgin to refined, catering to diverse consumer preferences.
 

Olive & Olive Derivatives Market Share

Some of the major companies operating in the olive & olive derivatives industry are:

• Deoleo
• Borges Organic Olive Oil Company
• Acesur Group
• Coosur
• Carbonell
• Filippo Berio
• Bertolli
• Carapelli
• Pompeian
• Monini
• Gaia Good Health
• Ybarra Group
• Agro Sevilla
• Sovena
• Martelli

These companies focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these companies are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.
 

Deoleo is a Spanish multinational food processing company that specializes in the production, distribution, and sale of olive oil and other olive-based products. It has brands such as Bertolli, Carbonell, and Carapelli. It has operations in over 50 countries. It also has a total production capacity of over 300,000 tons per year. The company has a network of over 100 olive oil mills located in Spain, Italy, Greece, and Portugal.
 

Olive & Olive Derivatives Industry News

In 2023, as reported by CNN, the olive oil industry in the Southern European Mediterranean region is grappling with the detrimental effects of extreme temperatures. Notably, Spain, Italy, and Greece, traditionally prominent olive oil producers, have been significantly impacted. The European continent endured a poor olive harvest in the previous year, and there is a looming concern that this year's production might also suffer a decline.
 

The olive & olive derivatives market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million & Units from 2018 to 2032, for the following segments:

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Market, By Type

• Virgin Olive Oil
• Refined Olive Oil
• Olive Pomace Oil

Market, By Packaging Type

• Glass Bottles
• Plastic Bottes
• Cans
• Bulk Containers

Market, By End-Use

• Households
• Foodservice / HoReCa
• Food Manufacturing
• Other

Market, By Distribution Channel

• Supermarkets / Hypermarkets
• Specialty Stores
• Online Retail
• Other

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Indonesia
  • Malaysia 
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Egypt