Olive Oil Production in the US - Industry Market Research Report

Olive Oil Production in the US - Industry Market Research Report

  • September 2021 •
  • 37 pages •
  • Report ID: 5065190 •
  • Format: PDF
Oiling up: Industry demand and revenue will likely continue to rise as the economy expands following the COVID-19 pandemic and trade relations normalize

Abstract

Olive Oil Production

The Olive Oil Production industry has a low level of market share concentration, with only one company accounting for more than 5.0% of industry revenue. In 2018, California Olive Ranch Inc. (California Olive Ranch) is expected to account for 17.6% of industry revenue, while Corto Olive Company, the second-largest company in the industry, is expected to account for 4.5% of industry revenue.

Most companies are still young

• The Olive Oil Production industry is still relatively new in the United States. For example, while California Olive Ranch was founded in 1998, the majority of its olive trees are just over a decade old, reflecting the relatively recent expansion of both the company and the industry. Meanwhile, Corto Olive Company was founded in Italy, then moved to California.

Large companies grow through acquisitions

• Acquisitions have played an important role in the expansion of the Olive Oil Production industry, as they have enabled companies to grow production and reach new markets. In 2015, California Olive Ranch greatly expanded its operations through the acquisition of Lucini Italia, a producer and importer of Italian olive oil.

Competition encourages high quality
• Competition in the Olive Oil Production industry is mainly based on product quality. Industry companies must mainly compete with Italian and Spanish olive oil producers that often carry the reputation of being traditional and authentic. To compete with these companies, US producers must build a reputation of high-quality products.

This industry makes edible oil out of olives, including different grades like refined olive oil, virgin olive oil and extra-virgin olive oil. Generally, olive oil producers retail products to wholesalers, supermarkets and online retailers.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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