중동 및 아프리카 올리브 오일 시장 – 2031년까지의 산업 동향 및 예측

중동 및 아프리카 올리브 오일 시장 분석 및 규모

올리브 오일의 건강상의 이점에 대한 소비자 인식 증가, 건강하고 자연스러운 제품에 대한 수요 증가, 전 세계적으로 지중해 요리의 인기 증가와 같은 요인에 의해 시장은 향후 몇 년 동안 상당한 성장을 목격할 것으로 예상됩니다. 시장은 또한 소매 채널 확장, 혁신적인 제품 출시, 신흥 경제권의 가처분 소득 증가와 같은 요인의 영향을 받습니다. 전반적으로 올리브 오일 시장은 소비자 인식 증가와 건강하고 자연스러운 제품에 대한 수요 증가에 의해 향후 몇 년 동안 꾸준한 성장을 목격할 것으로 예상됩니다.

중동 및 아프리카 올리브 오일 시장 규모는 2023년에 7억 9,596만 달러로 평가되었으며, 2031년까지 1,158.19만 달러에 도달할 것으로 예상되며, 2024년에서 2031년까지의 예측 기간 동안 CAGR은 4.8%입니다. Data Bridge Market Research에서 큐레이팅한 시장 보고서에는 시장 가치, 성장률, 세분화, 지리적 범위, 주요 업체와 같은 시장 시나리오에 대한 통찰력 외에도 심층적인 전문가 분석, 지리적으로 표현된 회사별 생산 및 용량, 유통업체 및 파트너의 네트워크 레이아웃, 자세하고 업데이트된 가격 추세 분석, 공급망 및 수요의 적자 분석이 포함됩니다.

보고 범위 및 시장 세분화       

시장 정의

올리브 오일은 올리브 나무(Olea europaea)의 열매에서 추출한 오일의 일종입니다. 요리, 화장품 , 의약품, 비누에 일반적으로 사용되며 지중해 식단의 핵심 요소입니다. 올리브 오일은 단일 불포화 지방, 항산화제, 항염 특성이 풍부하여 건강상의 이점으로 유명합니다. 심장병 위험 감소, 콜레스테롤 수치 감소, 전반적인 건강 증진 등 여러 가지 건강상의 이점과 관련이 있습니다.

올리브 오일 시장 동향

운전자

• 건강하고 천연적인 제품에 대한 수요 증가     

소비자들은 건강을 더 의식하고 있으며 덜 건강하다고 여겨지는 전통적인 식용유의 대안을 적극적으로 찾고 있습니다. 단일 불포화 지방과 항산화제가 높은 함량으로 함유된 올리브 오일은 더 건강한 옵션으로 여겨져 건강을 의식하는 소비자들 사이에서 인기가 높아지고 있습니다. 더 건강한 라이프스타일과 식단으로의 전환은 앞으로 몇 년 동안 올리브 오일 수요를 계속 견인할 것으로 예상됩니다. 더 건강하고 더 자연스러운 제품에 대한 소비자 선호도가 증가함에 따라 올리브 오일 수요가 증가하고 있습니다.             

• 지중해식 식단의 인기  

올리브 오일은 지중해 식단의 핵심 요소로, 과일, 채소, 통곡물, 올리브 오일을 많이 섭취하고 생선, 가금류, 적포도주를 적당히 섭취하는 것이 특징입니다. 더 많은 사람들이 심장병, 뇌졸중, 특정 암의 위험 감소를 포함한 건강상의 이점을 위해 지중해 식단을 채택함에 따라 올리브 오일에 대한 수요는 계속 증가할 것으로 예상됩니다. 지중해 식단은 전 세계적으로 인기를 얻었으며 올리브 오일 소비 증가에 기여하고 시장 성장을 촉진했습니다.      

기회

• 온라인 소매업의 증가    

The rise of online retailing has revolutionized the way consumers shop for food products, including olive oil. Online platforms offer convenience, a wide range of products, and competitive pricing, making them increasingly popular among consumers. For olive oil producers, online retailing presents a significant opportunity to reach a wider consumer base, including those in remote or underserved areas. Producers can extend their reach beyond conventional brick-and-mortar stores and access new markets domestically and internationally, by utilizing online channels. In addition, online platforms provide a platform for producers to showcase their products, educate consumers about the health benefits of olive oil, and engage with their target audience directly, thereby creating new opportunities for the market.        

• Increasing Use of Olive Oil in Non-Food Applications    

Olive oil also has applications in non-food industries such as cosmetics and pharmaceuticals, apart from cooking. The natural and beneficial properties of olive oil, including its moisturizing and antioxidant properties, make it a popular ingredient in skincare and haircare products. In the pharmaceutical industry, olive oil is used in the formulation of various medicines and supplements due to its health-promoting properties. The increasing demand for natural and organic products in these industries is driving the use of olive oil as a key ingredient. This presents an opportunity for olive oil producers to diversify their product offerings and enter new markets, thereby driving market growth and profitability.

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Restraints/Challenges

• Price Fluctuations  

Fluctuations in olive oil prices are often influenced by factors such as weather conditions, which can impact olive production, global production levels, and market speculation. Abrupt price fluctuations can disturb supply chains and consumer buying habits. Producers may struggle to maintain profitability during periods of low prices, while consumers may be deterred from purchasing olive oil during periods of high prices. Managing price fluctuations and ensuring price stability are key challenges for the market.              

• Competition from Other Oils 

Olive oil faces stiff competition from other cooking oils, such as sunflower oil and soybean oil, which are often perceived as more affordable alternatives. While olive oil is prized for its health benefits and flavor, its higher price point compared to other oils can be a deterrent for price-sensitive consumers. In addition, the competition can be tough for olive oil producers due to the widespread availability and established market presence of alternative oils.

This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Developments

• In February 2022, McEvoy Ranch announced the launch of their 2021 Harvest Estate-Produced Olive Oil, known for its exceptional quality. While continuing to deliver the highest quality and freshest olive oil in the U.S., their 2021 Harvest Olive Oil introduces upgraded packaging and brand new flavors           
• In July 2022, a Spanish company, Genosa, launched a novel variant of olive oil enriched with soluble hydroxytyrosol, a phenol-rich compound renowned for its health benefits. This innovative product offers a range of health advantages and has potential applications across various industries

Olive Oil Market Scope

The market is segmented into type, flavor, extraction method, application, and distribution channel. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.

Type

• Extra Virgin Olive Oil
• Virgin Olive Oil
• Common Olive Oil
• Refined Olive Oil
• Lite/Light Olive Oil
• Pomace Olive Oil

Flavor

• Fruity & Herby
• Fruity & Peppery
• Mild & Buttery
• Full-Bodied & Earthy

Extraction Method

• Cold-Extracted
• Cold-Pressed
• First-Press

Application

• Food & Beverages
• Cosmetics & Personal Care
• Pharmaceutical
• Aromatherapy
• Others

Distribution Channel

• Store based
• Non store based

Olive Oil Market Regional Analysis/Insights

The market is analyzed and market size insights and trends are provided by country, type, flavor, extraction method, application, and distribution channel as referenced above.

The countries covered in the market are South Africa, Egypt, Israel, and Rest of Middle East and Africa.

South Africa is expected to dominate the market due to the rising incorporation of olive oil in cosmetic and personal care items. This trend reflects a growing consumer preference for natural and beneficial ingredients in beauty products, boosting the demand for olive oil in this country.       

Saudi Arabia is expected to show significant growth due to a heightened focus on health and wellness among the populace. The increased awareness about the health benefits of olive oil, such as its heart-healthy properties and potential role in combating various diseases, is driving its popularity in Saudi Arabia.

The country section of the report also provides individual market-impacting factors and changes in market regulation that affect the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends, Porter's five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of regional brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Olive Oil Market Share Analysis

The market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in R&D, new market initiatives, regional presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus on the market.

Some of the major market players operating in the market are:

• Cargill, Incorporated (U.S.)
• Deoleo (Spain)
• Del Monte Foods, Inc. (U.S.)
• Gallo Worldwide (U.S.)
• BORGES INTERNATIONAL GROUP, S.L.U. (Spain)
• SOVENA (Portugal)
• Sun Grove Foods Inc. (U.S.)
• EU Olive Oil Ltd (U.K.)
• Artajo oil (Spain)
• SALOV GROUP (Italy)
• Aceites Sandúa (Spain)
• Tucan Olive Oil Company LTD (U.K.)
• Domenico Manca S.p.a. (Italy)
• Les huiles d'olive Lahmar (Tunisia)
• GRAMPIANS OLIVE CO. (Australia)
• Victorian Olive Groves (Australia)
• Gourmet Foods Inc. (미국)
• JAENCOOP GROUP(스페인)
• ΜΙΝΕRVΑ (그리스)

SKU-67978