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Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

North America Olive Oil Market Size

The North America olive oil market reached USD 6.62 billion in 2023. The market is projected to grow at a CAGR of 4.8% between 2024 and 2032, reaching almost USD 10.13 billion by 2032.

North America Olive Oil Market Outlook

  • In 2023, olive oil consumption in the United States reached 375,000 tons.
  • Spain accounts for nearly 41% of olive oil imports into the USA by volume.
  • Online distribution channels are expected to dominate the market over the forecast period.

North America Olive Oil Market Growth

As per the Public Policy Institute of California, irrigation constitutes 40% of the overall water supply use in California. However, climate change is expected to lead to a 10% reduction in California’s water supply by 2040. With the implementation of the Sustainable Groundwater Management Act, the San Joaquin Valley is expected to witness a 20% reduction in water supply by 2040. This is expected to drive the cultivation of olive oil crops, which are drought-resistant and ideally suited for dry farming conditions. They also restrict the growth of wild plants and enable orchards to be grown as hedgerows.

Though the prices of refined virgin oils have touched $10 per litre, the high purchasing power of American and Canadian consumers has resulted in a mild impact on demand for olive oil. Major beverage brands like Starbucks are capitalising on the rising consumer appeal for olive oil by infusing it into their most popular drinks.

Moreover, the integration of smart packaging technology into olive oil manufacturing is enabling consumers to understand how edible oils are sourced, packaged, and distributed, alleviating their concerns surrounding food adulteration. Over the forecast period, QR codes and smart sensors are expected to become increasingly popular among olive oil packaging, thereby contributing to the market expansion.

North America Olive Oil Market

North America Olive Oil Industry Segmentation

North America Olive Oil Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

  • Virgin
  • Refined
  • Others

Market Breakup by Application

  • Food and Beverage
  • Personal Care and Cosmetics
  • Pharmaceuticals
  • Others

Market Breakup by Distribution Channel

  • Supermarkets and Hypermarkets
  • Convenience Stores
  • Online
  • Others

Market Breakup by Country 

  • United States of America
  • Canada

North America Olive Oil Market Share

Based on country, the market can be segmented into the United States of America and Canada. By 2030, the United States is expected to emerge as the topmost consumer of olive oils in the world. This is because of the increasing domestic olive oil production and rising awareness of the health benefits of olive oil consumption.

Leading Companies in the North America Olive Oil Market

The report provides a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers and acquisitions, investments, and capacity expansion.

  • Deoleo, S.A.
  • Sovena Group
  • Borges Agricultural & Industrial Edible Oils, S.A.
  • Conagra Brands, Inc.
  • Minerva Ltd.
  • Unilever Plc
  • Del Monte Foods, Inc.
  • Cargill, Incorporated
  • California Olive Ranch, Inc.
  • Pompeian, Inc.
  • GRUPPO SALOV
  • Others

Key players in the market are adopting sustainable practices in the distribution and production of olive oil. They are also investing in sustainable marketing strategies amid evolving customer behaviours.

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Application
  • Distribution Channel
  • Region
Breakup by Type
  • Virgin
  • Refined
  • Others
Breakup by Application
  • Food and Beverage
  • Personal Care and Cosmetics
  • Pharmaceuticals
  • Others
Breakup by Distribution Channel
  • Supermarkets and Hypermarkets
  • Convenience Stores
  • Online
  • Others
Breakup by Region
  • United States of America
  • Canada
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Deoleo, S.A.
  • Sovena Group
  • Borges Agricultural & Industrial Edible Oils, S.A.
  • Conagra Brands, Inc.
  • Minerva Ltd.
  • Unilever Plc
  • Del Monte Foods, Inc.
  • Cargill, Incorporated
  • California Olive Ranch, Inc.
  • Pompeian, Inc.
  • GRUPPO SALOV
  • Others

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The market was valued at nearly USD 6.62 billion in 2023.

The market is projected to grow at a CAGR of 4.8% between 2024 and 2032.

The market is assessed to witness a healthy growth in the forecast period of 2024-2032 to reach around USD 10.13 billion in 2032.

The different types of olive oils in the market include virgin and refined, among others.

The different applications of olive oil include food and beverage, personal care and cosmetics, and pharmaceuticals, among others.

The different distribution channels in the market include supermarkets and hypermarkets, convenience stores, and online, among others.

The major countries considered in the market report include the United States of America and Canada.

The key market players are Deoleo, S.A., Sovena Group, Borges Agricultural & Industrial Edible Oils, S.A., Conagra Brands, Inc., Minerva Ltd., Unilever Plc, Del Monte Foods, Inc., Cargill, Incorporated, California Olive Ranch, Inc., Pompeian, Inc., and GRUPPO SALOV, among others.

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63 Fiona Drive, Tamworth, NSW

+61 448 06 17 27

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63 287899028, +63 967 048 3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84865399124