The North America Olive Oil Market would witness market growth of 4.7% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 258.4 Kilo Tonnes, showcasing a growth of 5.2% (2019-2022).
The market, deeply rooted in ancient civilizations and Mediterranean traditions, has evolved into an industry shaped by a complex interplay of factors. From its humble origins as a staple in Mediterranean cuisine to becoming a coveted ingredient across many regions, this oil has witnessed a remarkable journey. Sustainability considerations and organic farming practices increasingly influence modern adoption trends.
Moreover, innovative applications extend to the beauty and wellness industry, where this oil is embraced for its moisturizing and skin-nourishing properties. Olive oil-based skincare products, hair treatments, and spa therapies have gained popularity, contributing to a holistic approach to health and beauty. This oil's emollient properties make it a perfect candidate for skincare. Rich in healthy fats and antioxidants, it deeply moisturizes the skin, enhancing hydration levels and promoting a supple complexion.
The evolving culinary landscape in the United States, influenced by a desire for diverse and authentic flavors, has led to an increased incorporation of this oil in various dishes. Moreover, Canadian consumers have increasingly preferred natural and organic cosmetic products. This oil, well-known for its nourishing and moisturizing qualities, works nicely with the current trend toward using plant-based ingredients. Therefore, the rising food, beverage, and cosmetics sectors in North America will assist in the expansion of the regional market.
The US market dominated the North America Olive Oil Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $4,639.1 Million by 2030. The Canada market is experiencing a CAGR of 7.1% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 6.1% during (2023 - 2030).
Free Valuable Insights: The Olive Oil Market is Predict to reach 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 U.S., Mexico, Canada, and Rest of North America.
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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