Olive oil plays a crucial role in the global culinary industry due to its versatility and health benefits. Extracted from olives, it is used extensively in cooking, salad dressings, and as a flavor enhancer in various dishes. With its different types, such as extra virgin, virgin, and refined, olive oil caters to diverse culinary needs, offering distinct flavors and nutritional advantages. Beyond cooking, olive oil is a key ingredient in processed foods such as sauces and spreads, contributing to its widespread use and market demand. The rising preference for healthier diets and the global appeal of Mediterranean cuisine drives its popularity.
Global Olive Oil Market is expected to grow at a CAGR of 4.7% during the forecast period 2022 to 2029.
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Below are the Top Olive Oil companies with a Significant Market Share:
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Rank
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Company
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Overview
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Product Portfolio
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Sales Geographical Coverage
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Developments
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1.
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Cargill, Incorporated
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Cargill is a major player in the global agricultural and food industries, including olive oil. They are involved in the sourcing, processing, and distribution of olive oil products, focusing on quality control and sustainability initiatives to meet market demands.
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Americas, Europe, Middle East and Africa, and Asia-Pacific
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In June 2019, Cargill, Incorporated acquired Dalmia Continental's olive oil business under the 'Leonardo' brand. Leonardo is a leading olive oil brand with an annual sales volume of 3,000 tonnes. This has helped the company to widen its olive oil product portfolio.
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2.
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Del Monte Foods, Inc
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Del Monte is recognized for its extensive portfolio in packaged foods, including olive oil, under various brands. They contribute to the global olive oil market by offering consumer-friendly packaging and a commitment to product quality and consistency.
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North America, South America, Europe, Middle East and Africa, and Asia-Pacific
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In January 2021, Del Monte Foods, Inc launched a special one-litre pouch pack, thereby making olive oil affordable like never before. This has helped the company to widen its product portfolio.
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3.
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SOVENA
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SOVENA is a leading European company specializing in the production and distribution of olive oil. They are known for their strong presence in both retail and industrial segments, leveraging their expertise in olive cultivation and processing to maintain a competitive edge.
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Europe, South America, Middle East and Africa, North America, and Asia-Pacific
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In July 2020, SOVENA acquired a 24.6% stake in local company Soho. This has helped the company incorporate new products into its supply chain in the Chilean market.
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4.
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Deoleo
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Deoleo is one of the largest olive oil companies globally, with brands such as Bertolli and Carapelli. They are committed to quality and authenticity, ensuring traceability from olive grove to consumer. Deoleo's market influence extends through retail and foodservice channels, driving their significant presence in the industry.
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Europe, Middle East and Africa, South America, North America, and Asia-Pacific
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In April 2021, Deoleo's brands Bertolli Black Label, Carapelli Founders, and Carbonell Magna Oliva were awarded a gold diploma at CINVE International Extra Virgin Olive Oil Competition held in Cáceres, Spain. This award has helped the company to attract a more customer base.
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5.
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BORGES INTERNATIONAL GROUP, S.L.U.
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Borges is renowned for its comprehensive range of olive oil products. They emphasize innovation in olive oil processing techniques and sustainability practices, catering to diverse consumer preferences worldwide.
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Europe, Middle East and Africa, South America, North America, and Asia-Pacific
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In October 2019, BORGES INTERNATIONAL GROUP, S.L.U., invested in opening a new seed oil extraction plant in Tárrega. This has helped the company to increase its olive oil production capacity.
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Conclusion
The global olive oil market is characterized by a diverse landscape of key players such as Cargill, Del Monte Foods, SOVENA, BORGES INTERNATIONAL GROUP, S.L.U., and Deoleo, each contributing uniquely to its dynamics. These companies' roles span from sourcing and processing to distribution and branding, reflecting a commitment to quality, innovation, and sustainability. Their influence extends across retail, industrial, and food service sectors, catering to increasing consumer demand for healthy, flavorful oils. As the market continues to evolve, these players remain pivotal in shaping trends and meeting the diverse needs of global consumers passionate about olive oil.
