Middle East And Africa Olive Oil Market

Middle East and Africa Olive Oil Market Size (2024 to 2029)

The size of the Middle East and Africa olive oil market is expected to be worth USD 0.48 billion in 2024 and grow at a CAGR of 4.37% from 2024 to 2029 to achieve USD 0.59 billion by 2029. 

Olive Oil is a liquid fat which is obtained from olives which is a crop typically grown in the Mediterranean basin. The oil is prepared by pressing whole olives. They are various types of olives, each type is for a particular texture, flavour or shelf life which can be used for various applications.

In countries surrounding the Mediterranean, it is used as the primary cooking oil. It is also used for the purpose of salad dressing and also for preparing cold foods. Olive oil is used in skin care for various purposes such as massages, sports injuries and to reduce muscle fatigue among others. It is a natural and safe lubricant which can be used in lubricating kitchen machinery such as blenders, grinders, cookware etc. It is used in other applications such as soap making, as a solvent and substrate in the synthesis of cadmium selenide quantum dots.

The driving factors of Middle East and Africa Olive Oil market are rising demand continuously from end user industries, growing awareness about the various health benefits offered by the oil, increasing usage in the manufacture of products in beauty care and cosmetics industry, beverages industry and pharmaceutical industry among others. Changing lifestyles is also affecting the growth of this market positively. 

This research report on the Middle East and Africa olive oil market is segmented and sub-segmented into the following categories.

Middle East and Africa Olive Oil Market By Type

• Refined Olive Oil
• Pomace
• Virgin

Middle East and Africa Olive Oil Market By Application

• Food and beverages
• Pharmaceuticals
• Personal care

Food and beverages is expected to have the largest share in the segment.

Middle East and Africa Olive Oil Market By Region

• KSA
• UAE
• Israel
• Rest Of GCC Countries

The market in the region is divided based on geography broadly into Middle East and Africa regions. Factors such as rising demand from end user industries and rising awareness about health benefits is expected to drive the market growth in the region.

KEY MARKET PLAYERS

Some of the major players in the Middle East and Africa olive oil market are Salov, Borges Mediterranean Group, Ybarra, Deoleo, Sovena Group, Figaro, Farrel, Del Monte Foods, Unilever Group, and Lenard.