New Report Shows Global Increase In Demand for Organic Olive Oil
Updated October 17th 2023
Contents:
- Organic Olive Oil Market Rising In Value
- United States Among Top Olive Oil Consumers
- Morocco Gold: How The Finest Extra Virgin Olive Oil Became A Culinary Wonder
- Morocco Gold: The Best Tasting Olive Oil Around
The popularity of organic olive oil is growing rapidly across the world, according to a new report from Allied Market Research.
A summary of the findings, reported in The Olive Oil Times, predicted that the the organic olive oil market could be worth more than 10% of the sector total by 2030, a steep rise from the current 6%.
This ongoing rise in demand for organically produced extra virgin olive oil is unsurprising due to the countless health benefits and superior quality it offers consumers.
This is a trend for which producers of premium quality extra virgin olive oils, such as Morocco Gold, strive to support.
As The Olive Oil Times explains:
Organic olive oil is gaining traction in international markets. A growing volume of olive oil trade now comes from organic production as organic olive farms are also expanding significantly.
Olive Oil Times
In terms of production and extraction, organic farmers are held to strict standards and regulations that result in an uncontaminated final product – free of additives and synthetic solvents. That same purity carries over into the nutritional qualities of the olive oil, which makes it ideal for cooking, baking, marinading, or even using as a topping for salads and sandwiches.
Organic Olive Oil Market Rising In Value
Allied Market Research shows that the global organic olive oil market was valued at $933 million in 2021. According to Polaris Market Research, the olive oil market was valued at $14 billion that year.
In 2031, the organic olive oil market is expected to rise to $2.2 billion, with an annual growth of close to 9 percent.
Experts cite rising consumer awareness of healthy food as one of the drivers of increasing sales for organic food products.
Public policies also come into play. One example is the European Union’s strategy to expand organic farming, to convert 25 percent of all farmland in the bloc to organic practices by 2030.
Hamed Daly Hassen, chief executive of Tunisia’s National Olive Oil Office, told Olive Oil Times that organic olive oil accounted for 44 percent of all Tunisian production in 2021, exceeding 100,000 tons. In 2012, organic olive oil was less than 10 percent of all production.
While rising prices and persistent inflation have resulted in a predicted decline in global olive oil consumption, the German olive oil market has shown significant growth.
According to the International Olive Council, olive oil consumption in the country rose from 60,500 tons in the 2012/13 crop year to an expected 88,000 tons in 2022/23.
United States Among Top Olive Oil Consumers
The report also shows how The United States has become one of the world’s largest olive oil consumers and importers over the past two decades.
International Olive Council data show that U.S. olive oil imports rose from 193,000 tons in 2002/03 to an anticipated 360,000 tons in 2022/23, approximately 36 percent of global olive oil imports.
In 2013, the U.S. Department of Agriculture estimated that organic olive oil represented one-tenth of the value of foreign olive oil sales in the U.S.
USDA data show that between 2013 and 2021, the value of U.S. organic imports increased five-fold, rising from $500 million to $2.7 billion. The USDA also expects these figures to continue rising in the future.
For the full article and details of organic olive oil demand across the globe, see The Olive Oil Times here.
Morocco Gold: How The Finest Extra Virgin Olive Oil Became A Culinary Wonder
This growth in popularity of organic olive oil across the globe elucidates how nutrition is becoming a higher priority among individuals who are striving toward healthier lifestyles.
Morocco Gold prides itself on producing an exceptional luxury olive oil which is recognised and loved for its health benefits as much as its flavour.
Furthermore, producers of organic olive oil are motivated to prioritize output quality and consistency in order to capitalize on this increased demand. People are recognizing the health benefits of consuming organic olive oil and seeking out its quality products for their everyday cooking needs.
The good news is, when it comes to health benefits and quality of production, Morocco Gold ticks all the boxes!
The best olive oils are not easy to find. It’s quite possible you have never had a truly excellent extra virgin olive oil. But, once you have tasted a high-quality olive oil like Morocco Gold, your life will never be the same.
Fresh olive oil binds with the flavours of foods and forms a bridge to your taste buds, amplifying and elevating the deliciousness of your creation to heights you never imagined.
That fresh, fruit-kissed, quality has made high-quality extra virgin olive oils, like Morocco Gold the miracle ingredient and best friend of celebrated chefs throughout the world.
Extra virgin olive oil is made simply by crushing olives and extracting the juice. It is the only cooking oil that is made without the use of chemicals and industrial refining.
It’s simply the juice of fresh, healthy olives which contains, more than any other grade, the health-promoting nutrients that olive oil is famous for.
What is Morocco Gold Extra Virgin Olive Oil?
Extra virgin is the highest quality olive oil classification. It has no defects and a flavour of fresh olives.
It is produced entirely by mechanical means without the use of any solvents, and under temperatures that do not degrade the oil.
Morocco Gold: The Best Tasting Olive Oil Around
Fruity
Morocco Gold has a green fruitiness, with hints of sweet almonds, fresh turf and a hint of herbs. It has the distinctive ‘pepperiness’ of a fine extra virgin olive oil giving Morocco Gold a clean, well balanced finish.
Bitter
With a mostly pleasant acrid flavour sensation on the tongue.
Pungent
The peppery sensation in the mouth and throat is a sign of abundant nutrients in good, fresh extra virgin olive oil like Morocco Gold.