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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.
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 Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Market Breakup by Application
Market Breakup by Distribution Channel
Market Breakup by Country
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.
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.
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.
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:
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Breakup by Type |
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Breakup by Application |
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Breakup by Distribution Channel |
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Breakup by Region |
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*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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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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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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