The Golden Elixir: Exploring the Health Benefits and Culinary Wonders of Olive Oil

The North America olive oil market experiences increasing demand for its versatile culinary and health benefits. Varieties such as extra virgin, virgin, and pure olive oil are popular, known for their nutritional richness, including vitamins D and K, monounsaturated fats, and antioxidants. Beyond culinary use, olive oil finds applications in skincare due to its hydrating and exfoliating properties. This market reflects a diverse range of olive oil products, meeting consumer preferences for both nutritional and personal care purposes.

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Data Bridge Market Research analyzes that the North America Olive Oil Market which was USD 3,200.84 million in 2022, is expected to reach USD 4,622.08 million by 2030, and is expected to undergo a CAGR of 4.70% during the forecast period of 2023 to 2030. Olive oil's increased presence in supermarkets and specialty stores expands consumer access, fostering greater demand. This retail expansion aligns with growing preferences for healthier culinary options, driving the North America olive oil market.

Key Findings of the Study

Global influence is expected to drive the market's growth rate

Olive oil's global popularity significantly shapes North America consumption patterns, as consumers recognize its cultural and culinary significance. Influenced by Mediterranean traditions, the widespread appreciation for olive oil extends beyond its nutritional value, becoming a staple in diverse cuisines. The cultural admiration for this versatile oil fosters its integration into culinary practices, reinforcing its status as a favored ingredient and driving sustained demand in the North America.

Report Scope and Market Segmentation

Segment Analysis:

The North America olive oil market is segmented on the basis of type, flavor, extract method, application, and distribution channel. 

• On the basis of type, the North America olive oil market is segmented into virgin olive oil, pomace olive oil, refined olive oil, common olive oil, extra virgin olive oil, and lite/light olive oil
• On the basis of flavor, the North America olive oil market is segmented into full-bodied and earthy, fruity and peppery, fruity and herby, and mild and buttery
• On the basis of extract method, the North America olive oil market is segmented into first-press, cold-pressed, and cold-extracted
• On the basis of application, the North America olive oil market is segmented into Food and beverages, pharmaceutical, cosmetics and personal care, aromatherapy, and others
• On the basis of distribution channel, the North America olive oil market is segmented into store based, and non store based

Major Players

Data Bridge Market Research recognizes the following companies as the major North America olive oil market players in North America olive oil market are BORGES INTERNATIONAL GROUP, S.L.U. (Spain), Avenida Rafael Ybarra (Spain), SOVENA (Portugal), Aceites Sandúa (Spain), ΜΙΝΕRVΑ (Brazil)

Market Developments

• In February 2022, Curation Foods, Inc., launched a seasonal offering under its Olive Oil & Vinegars brand. The Olio Nuovo Extra Virgin Olive Oil, known for its fresh and robust flavor, marked a distinctive addition to the product line, capturing consumer interest and responding to the demand for unique and premium olive oil experiences
• In November 2021, Cargill completed the acquisition of an edible oil refinery in Nellore, Andhra Pradesh. The investment, aimed at acquiring and upgrading the facility, marks a strategic move to enhance Cargill's edible oil production capacity in southern India. This expansion strengthens the company's supply chain, enabling it to effectively meet the increasing customer demand for edible oils in the region
• In March 2021, The Papadopoulos Group Inc. acquired Eteo Goods L.P., aligning with their purpose-driven vision and commitment to quality. This strategic move demonstrates a fusion of inventive, art-such concepts with ultra-premium luxury items. Eteo Goods, based in Athens, Greece, retains its headquarters and operations, contributing to the Papadopoulos Group's mission to revolutionize global markets with unparalleled quality and creativity
• In July 2020, Aceites Sandúa expanded its product range with the launch of two premium extra virgin olive oils – Capricho by Sandúa Ecológico Arbequina and Cosecha Seleccionada Sandúa Premium. This strategic move aimed to diversify their portfolio, catering to discerning consumers seeking high-quality olive oil options

Regional Analysis

Geographically, the countries covered in the North America olive oil market report are U.S., Canada and Mexico in North America

As per Data Bridge Market Research analysis:

U.S. is estimated to be the fastest growing country in North America olive oil market during the forecast period 2023-2030

The U.S. is expected to dominate the North America olive oil market during the forecast period, emerging as the fastest-growing country in the region. This dominance is fueled by the rising popularity of olive oil across various industries. The U.S. market benefits from a strong consumer demand driven by increased awareness of health benefits, culinary preferences, and the incorporation of olive oil into diverse applications, solidifying its leading position and growth trajectory in the region.

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