"Market Intelligence that Adds Flavour to Your Success"
The Middle East and Africa olive oil market size is projected to grow at a CAGR of 2.18% during the forecast period. The global olive oil market size is projected to grow from USD 14.20 billion in 2022 to USD 18.42 billion by 2030.
The Middle East and Africa is an emerging region in the global olive fruit oil market, owing to its wide application in various household uses and growing awareness of fats and oils containing MUFAs due to their health advantages. Furthermore, the increasing use of this oil coupled with the growing application of the product in personal skincare products has surged its demand in the market. Several government initiatives to increase sustainable olive farming will propel the market growth.
Our Middle East and Africa olive oil market research report covers the following countries Turkey, Egypt, Tunisia, Saudi Arabia, Morocco, and the Rest of ME&A.
New Product Launches to Offer New Growth Opportunities for the Market
The product demand for cooking in households is rising in the Middle East and Africa due to growing awareness regarding the health benefits of the product. The rising olive cooking oil consumption in the region is shifting consumers to extra virgin olive fruit oil to include in their daily diet. It contains omega-3 and oleic acid, which helps to prevent lifestyle-related disorders, such as obesity and cardiovascular issues, thus propelling the demand for the product. The leading players in the market are increasingly emphasizing on new product launches to meet the increasing demand for extra virgin olive fruit oil.
Investment in Sustainable Olive Agriculture Practices to Propel the Market Growth
The countries surrounding the Mediterranean region are the major olive-producing areas. Olives and olive fruit oil are essential products and kitchen staples in Turkey, owing to massive olive fruit oil production in the country. According to the Turkish Ministry of Agriculture and Forestry Data, Turkish production of olive fruit oil increased by 32% in 2021 compared to the previous year. Therefore, government bodies are collaborating with prominent regional players with investment strategies to support sustainable olive agriculture in Turkey.
Quality Discrepancies and Adulteration to Limit the Market Growth
The product has gained worldwide popularity as part of the Mediterranean cuisine. The rising demand for such oils led to shortages in production and increased fraudulent cases due to several vulnerabilities in the supply chains. The main issue related to olive oil was reported to be the adulteration of olive fruit oil with other edible or less quality oil and mislabeling different quality grades. Several oil producers claim the sale of adulterated or fake products to be even more prevalent in Turkey’s market. The rise in such fraudulent activities hampers the Middle East and Africa olive oil market growth.
Expanding Production Capacity Allows the Players to Fulfill the Rising Product Demand
In terms of the competitive landscape, Borges International Group, IFFCO Group, and GEA Group are the key players in the Middle East and Africa market. New product launches and extensive product portfolios help them to gain a competitive advantage and enter new markets.
Other prominent players, such as Leya Olive Oil and Deoleo S.A., also lead the market and focus on strategic mergers and acquisitions, partnerships, and investments. These companies are focused on local sourcing of raw materials, empowerment initiatives of local communities, and increasing their market share in the Middle East and Africa markets. The companies are expanding their business by establishing manufacturing facilities to meet increasing product demand for various purposes.
To gain extensive insights into the market, Request for Customization
The report provides qualitative and quantitative insights on the market and a detailed analysis of the Middle East and Africa olive oil market share, size & growth rate for all possible segments in the market. Along with the market forecast, the research report provides an elaborative analysis of the market dynamics and competitive landscape. Various key insights presented in the report are overview of the number of procedures, an overview of price analysis of types of products, overview of the regulatory scenario by key countries, pipeline analysis, new product launches, key industry developments – mergers, acquisitions & partnerships, and the impact of COVID-19 on the market.
CAGR of 2.18% from 2023 to 2030
Value (USD million)
By Type, End-user, and Country
Growing at a CAGR of 2.18%, the market will exhibit steady growth in the forecast period (2023-2030).
New product launches and investment in sustainable olive agriculture practices are the major factors driving the growth of the market.
Borges International Group, IFFCO Group, Del Monte Food Inc., and GEA Group are the major market players in the Middle East and Africa markets.
Turkey dominated the market in 2022.
“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”- U.S.-based biotechnology company focussing on treatment of chronic pain.
“Kudos to your team. Thank you very much for your support and agility to answer our questions.”- Europe-based provider of solutions to automate data centre operations.
“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”- India-based manufacturer of industrial and specialty intermediates with a strong global presence.
“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”- One of the largest cosmetics company in the world.
“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”- U.S. based startup operating in the cultivated meat market.
“We received the below report on the U.S. market from you. We were very satisfied with the report.”- Global hearing aids manufacturer.
“I just finished my first pass-through of the report. Great work! Thank you!”- U.S. based solar racking solutions provider.
“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”- World’s leading advisory firm.
“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”- Germany based machine construction company.
“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”- Japanese manufacturing company of stationery products.
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry