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Growing demand in the food service and retail industries is likely to promote innovation in olive oil production, propelling the market over the forecast period.

The global olive oil market is expected to grow from $11.64 billion in 2022 to $12.21 billion in 2023 at a compound annual growth rate (CAGR) of 4.93%. The global olive oil market size is expected to reach $15.07 billion in 2027 at a CAGR of 5.39%.

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Global Olive Oil Market Segments Include:

• By Type: Virgin Olive Oil, Refined Olive Oil, Extra Virgin Olive Oil, Olive Pomace Oil
• By Nature: Conventional, Organic
• By Distribution Channel: B2B Suppliers, Supermarket Or Hypermarket, Grocery Store, Online Retail, Other Distribution Channels
• By End User: Food Processing, Food Service, Cosmetics And Personal Care, Pharmaceuticals, Other End Users
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Europe is the largest region in the global olive oil market in 2021.

Major Market Players in the olive oil market include Cargill Incorporated, Deoleo S.A., Del Monte Food Inc., Gallo Worldwide, Borges International Group, Avenida Rafael Ybarra, Sovena Group, California Olive Ranch Inc., Salov S.p.A., Jaencoop Grupo.

Product innovation is a crucial trend that is gaining traction in the olive oil market. To increase their market position, major players in the olive oil industry are focusing on introducing innovative products. Graza, a US-based maker of extra virgin olive oil, for example, debuted two first-of-their-kind products, Drizzle and Sizzle, in January 2022. They are packaged in squeeze bottles and made from Picual olives from Andalusia, Spain, a thriving agricultural region known for producing extra virgin olive oil that is always fresh, very healthful, and never combined. Drizzle is made from olives collected in the first week of October, yielding a particularly tasty, aromatic oil high in polyphenols and antioxidants. Sizzle is harvested in December, when the olives begin to transform from green to a gorgeous purple and green tint and generate more oil.

The Olive Oil Global Market Report 2023  provides a olive oil market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The olive oil market forecast analyzes olive oil market size, olive oil market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Olive oil is a non-drying, light yellow to green or yellowish oil made from olives that contains higher monounsaturated fat and is commonly used for salad dressing and cooking.

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