Olive oil, a liquid fat obtained from olives, is commonly used in cooking and has become increasingly popular in recent times due to its health and wellness-based benefits and effectiveness in culinary applications. The cultivation of the olive trees originated from the Mediterranean basin where wild olives were collected as early as the 8th millennium BC. The olive oil market is a highly regulated one with 90%–95% of international production being governed by the IOC. The oil is commercially graded based on its acidity, measured by the weight of free oleic acid within a specific quantity. Virgin olive oil, extra virgin olive oil, refined olive oil, and olive pomace oil are the different kinds of olive oil. SpendEdge’s procurement market intelligence report on global olive oil market outlines the growing trend of incorporating healthy dietary habits in developed and emerging economy as the most significant growth driver in this market. The report also covers the top olive oil manufacturers across the world.
Olive oil is a versatile ingredient with numerous uses. It is commonly used in cooking and baking, adding flavor and moisture to dishes. It can be used as a dressing for salads or as a dip for bread. Olive oil is also used in skincare products due to its moisturizing and antioxidant properties. Additionally, it can be used to polish furniture or lubricate squeaky hinges. Its health benefits, such as reducing inflammation and promoting heart health, make it a popular choice in many households.
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Top 5 Global Olive Oil Manufacturers
Deoleo
Deoleo is a Spanish multinational company and is a world leader in sales of bottled olive oil. The company sells its product in over 60 countries and has a product portfolio with 40 brands including Carbonell, Carapelli, Bertolli, And Sasso. Among the top global olive oil manufacturers, the company also owns leading brands in seeds oil market in Italy and Spain alongside a major presence in the dressings, vinegar, and table olives market. Their brand Carbonell is the leading brand of olive oil in Spain and also records highest sales figures amongst Spanish olive oil brands.
Sovena
Sovena is a leading agri-processor that operates across the olive oil value chain right from production to distribution. Apart from olive oil, they also manufacture olives, soaps, and cooking oils and have split their business divisions into verticals including consumer goods, oilseeds, agriculture, and biodiesel. This olive oil manufacturer sells their oil products under various brand name including Oliviera Da Serra, Andorinha, Fula, Olivari, Gem, Tri-Fri, Clarim, Vege, and Fontoliva. In 2016, the Oliveira Da Serra brand of Sovena planned to create a marketing and distribution strategy to expand its presence in China and Russia to continue increasing its penetration in international markets.
Borges
Borges Mediterranean Group is a global food processing company that has strong capabilities in industrial processing packaging and marketing of seeds, olive oil, dry fruits, and vinegar. The company has a strong set of distribution and transportation agents as it exports its products to over 120 countries and generates revenues of over $820 million. Apart from olive oil, they also sell products like pastas, sauces, olives, vinegars, vinaigrettes, nuts, and balsamic hazes.
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Minerva
Minerva is among Greece’s largest food companies and olive oil manufacturers and specializes in the production of olive oil and cheese manufacturing. It exports its products across 42 major countries. The company is involved in the manufacturing and distributions of products including virgin olive oil, extra virgin olive oil, organic extra virgin olive oil, balsamic vinegars, and gourmet cheese. In 2014, Minerva was granted the Food Safety & Quality Management System Certification for its factory in Schimatari and Piraeus situated in Greece.
Gallo
Gallo is a leading Portugal-based olive oil business that has considerable experience in working with olive tree growers, mill owners, research, and quality control experts. With over 90 years of experience in manufacturing olive oil, the company follows strict quality standards and works together with olive tree growers, experts, mills, and researchers to continuously improve their products. The company has won several awards for their excellence in olive oil manufacturing including Concurso Internacional de Aceites de Olivia Virgen, Copenhagen International Olive Oil Awards, iTQi Superior Taste Award, and Los Angeles International Extra Virgin Olive Oil amongst many.
Read more about the top olive oil manufacturers along with sourcing strategies, pricing insights, procurement challenges and category management in SpendEdge’s upcoming report on the global olive oil market.
