The Europe Olive Oil Market would witness market growth of 4.4% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 459.0 Kilo Tonnes, showcasing a growth of 4.9% (2019-2022).
The market is witnessing a surge in the popularity of flavored olive oils. Producers are catering to diverse taste preferences, from infused oils with herbs and spices to specialty oils crafted from specific olive cultivars. This trend aligns with the desire for unique culinary experiences. Flavored oils represent a combination of tradition and innovation.
Furthermore, in an era of heightened awareness of food provenance, traceability and transparency have become integral trends. As consumer interest in the oil increases, so does curiosity regarding the specific olive cultivars and production methods utilized. This focus on transparency reflects a broader movement towards conscious consumerism. Traceability in the market refers to the ability to trace the journey of olives from the orchard to the final bottled product.
Italy is a prominent global olive oil producer and home to an extensive assortment of olive varieties. The oil extraction is notably concentrated in Tuscany, Umbria, and Puglia, among other regions. Italy is a renowned producer of extra virgin oils of exceptional quality, frequently distinguished by their unique regional fragrances and flavors. The oil's central role in the Mediterranean diet has endowed it with considerable cultural and culinary importance in Italy. The oil is a fundamental component of Italian gastronomy, serving multiple purposes, including cooking, salad dressing, and flavor enhancement. Thus, rising food and beverage sector in Europe region will assist in the growth of the regional market.
The Germany market dominated the Europe Olive Oil Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2,952.9 Million by 2030. The UK market is exhibiting a CAGR of 3.5% during (2023 - 2030). Additionally, The France market would experience a CAGR of 5.2% during (2023 - 2030).
Free Valuable Insights: The Global Olive Oil Market will Hit USD 26.5 billion by 2030, at a CAGR of 5.3%
Based on Type, the market is segmented into Virgin, Refined, Extra Virgin and Others. Based on Application, the market is segmented into Food and Beverage, Personal Care & Cosmetics, Pharmaceuticals, and Others. Based on Distribution Channel, the market is segmented into Hypermarkets/Supermarkets, Online and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
By Type (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Distribution Channel (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Country (Volume, Kilo Tonnes, USD Billion, 2019-2030)
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