Spain Olive Oil Market Size, Share, and COVID-19 Impact Analysis, By Type (Virgin, Refined/Pure, and Others), By End-user (Households/Retail, Foodservice/HoReCa, Food Manufacturing, and Others), and Spain Olive Oil Market Insights, Industry Trend, Forecasts to 2033

Spain Olive Oil Market Insights Forecasts to 2033

• The Spain Olive Oil Market Size was valued at USD 2.76 Billion in 2023.
• The Spain Olive Oil Market Size is Growing at a CAGR of 2.97% from 2023 to 2033
• The Spain Olive Oil Market Size is Expected to reach USD 3.70 Billion by 2033

The Spain Olive Oil Market Size is anticipated to exceed USD 3.70 Billion by 2033, growing at a CAGR of 2.97% from 2023 to 2033. The increasing demand from cosmetic, personal care, and pharmaceutical products and emphasis on research and development activities for introducing new flavors & quality are driving the growth of the olive oil market in the Spain.     

Market Overview

The olive oil market refers to the industry for the production, processing, distribution, and sale of olive oil. Olive oil is a liquid fat obtained by pressing whole olives, the fruit of Olea europaea, and extracting the oil. It is frequently used as a salad dressing, condiment, or in cooking to fry food. Additionally, it is present in various soaps, medications, cosmetics, and fuels for conventional oil lamps. Along with wheat and grapes, the olive is one of the three main plants used in Mediterranean cooking. The market is expanding rapidly, mostly as a result of rising demand for olive fruit oil in the retail and food service sectors. Furthermore, Olea europaea fruit oil has become more and more well-known in many parts of the world due to the growing desire to check out different cuisines. The surging trend towards the adoption of a healthy lifestyle among consumers and the incorporation of nutrient-rich oils in diets leads to driving the olive oil market growth. The growing need for olive oil in emerging economies, growing health consciousness, and rising culinary tourism are offering market opportunities for olive oil.

Report Coverage

This research report categorizes the market for the Spain olive oil market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Spain olive oil market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Spain olive oil market.

Driving Factors

The growing need for olive oil from cosmetics, personal care, and pharmaceutical products is driving the market demand as it provides increased benefits against hair fall and skin nourishment. Further, the growing use of olive oil in cooking is propelling the market. The increasing emphasis on research and development activities by the key market players for introducing new flavors and improving quality via the use of cutting-edge technologies is propelling the market growth for olive oil.  

Restraining Factors

The availability of low-cost olive oil alternatives is challenging the olive oil market. Further, the need for sophisticated methods to process olive oil to preserve its nutrients for longer shelf life, among other considerations is restraining the market growth.

Market Segmentation

The Spain olive oil market share is classified into type and end-user.

• The virgin segment held the largest share of the olive oil market in 2023 and is anticipated to grow at a significant CAGR during the forecast period.

The Spain olive oil market is segmented by type into virgin, refined/pure, and others. Among these, the virgin segment held the largest share of the olive oil market in 2023 and is anticipated to grow at a significant CAGR during the forecast period. Virgin oil's omega-3 and oleic acids aid in the prevention of lifestyle-related conditions like obesity and heart disease. New processing methods and technology development that make it possible to treat virgin oils with a high nutritional content effectively is propelling the market growth. 

• The households/retail segment dominated the market with the largest market share in 2023 and is anticipated to witness a significant CAGR growth during the forecast period.

The Spain olive oil market is segmented by end-user into households/retail, foodservice/HoReCa, food manufacturing, and others. Among these, the households/retail segment dominated the market with the largest market share in 2023 and is anticipated to witness a significant CAGR growth during the forecast period. Olive oil is used in households for cooking, salad dressings, and marindas as well as in baking, grilling, and frying applications. The increasing awareness about the oil’s role in maintaining good health is driving the market demand in the households/retail segment.  

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Spain olive oil market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Deoleo S.A.
• Garo, Aceite De Oliva Virgen Extra
• Olis Bellaguarda
• Borges International Group
• Acesur Group
• Mercaoleo Sl
• Mueloliva Y Minerva.S.L
• Henri Mor SL
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In December 2022, The STAR line of Olive Oils, a Borges brand, certified by the American Heart Association's Heart-Check Food Certification Program. The Heart-Check mark on food packaging helps take the guesswork out when reading Nutrition Facts and label information, signaling to consumers the product meets the nutritional requirements of the American Heart Association's long-standing program and can be included as part of an overall healthy eating pattern.

Market Segment

This study forecasts revenue at Spain, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Spain olive oil market based on the below-mentioned segments:

Spain Olive Oil Market, By Type   

• Virgin
• Refined/Pure
• Others

Spain Olive Oil Market, By End-user

• Households/Retail
• Foodservice/HoReCa
• Food Manufacturing
• Others