Olive Oil Market – United States

Market Statistics

Base Year: 2023

Historical Years: 2018-2023

Forecast Years: 2024-2032

Market Growth Rate: 11.31% (2024-2032)

The increasing consumer awareness of the health benefits associated with olive oil is driving the market growth. According to the latest report by IMARC Group, the United States olive oil market size is projected to grow at a CAGR of 11.31% from 2024 to 2032.

United States Olive Oil Industry Trends and Drivers:

• Increasing Consumer Awareness of Health Benefits:

• Olive oil is a key component of the Mediterranean diet.
• Rich in monounsaturated fats, antioxidants, and anti-inflammatory properties.
• Contributes to heart health, reduced risk of chronic diseases, and overall well-being.
• Growing preference among health-conscious consumers for healthier cooking alternatives and natural products.
• Proliferation of information through health blogs, cooking shows, and social media reinforces its positive image.
• Consumers increasingly incorporate olive oil into their daily diets, driving market demand.
• Culinary Trends and Diverse Cuisines:

• Rising popularity of Mediterranean and Middle Eastern cuisines, which heavily feature olive oil.
• American consumers are introduced to its distinctive flavor and versatility.
• Increased use in various dishes, from salads and pasta to baking and frying.
• Growing number of specialty food stores, gourmet restaurants, and cooking classes emphasize high-quality olive oil.
• Farm-to-table movement and emphasis on natural and organic foods boost demand for premium and extra-virgin olive oils.
• Premium oils are often sourced from small, artisanal producers and marketed for their unique flavors and origins.
• Increasing Imports and Domestic Production:

• U.S. traditionally relies on imports from Spain, Italy, and Greece.
• Rise of domestic olive oil production, especially in California.
• U.S. producers invest in advanced cultivation and processing techniques to produce high-quality olive oil.
• Reduces dependency on imports and caters to the growing demand for locally produced goods.
• Various marketing and promotional efforts aimed at educating consumers about different grades and uses of olive oil stimulate market growth.

Conclusion

• The U.S. olive oil market is experiencing significant growth due to increased health awareness, culinary trends, and the expansion of both imports and domestic production. Key drivers include consumer preference for health benefits, the influence of diverse cuisines, and the emphasis on premium and locally produced olive oils.

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United States Olive Oil Industry Segmentation:

The report has segmented the market into the following categories:

Type Insights:

• Virgin Olive Oil
• Refined Olive Oil
• Extra Virgin Olive Oil
• Olive Pomace Oil
• Others

Distribution Channel Insights:

• Supermarkets and Hypermarkets
• Convenience Stores
• Online Stores
• Others

Application Insights:

• Food and Beverage
• Pharmaceuticals
• Cosmetics
• Others

Regional Insights:

• Northeast
• Midwest
• South
• West

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

• Cargill Incorporated
• Deoleo S.A.
• Gallo Worldwide
• Grupo Ybarra Alimentación S.L.
• Sovena

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Key highlights of the Report:

• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• COVID-19 Impact on the Market
• Porter’s Five Forces Analysis
• Strategic Recommendations
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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