Saudi Arabia Olive Oil Market- Trend Analysis & Forecast
Description
Saudi Arabia Olive Oil Market Overview:
Saudi Arabia’s olive oil market is expanding steadily, with a market size estimated at US$ ** million in 2024, rising from US$ ** million in 2019. This growth is underpinned by increased consumer interest in healthier dietary options and the growing appeal of Mediterranean cuisine. Per capita olive oil consumption has climbed to approximately 0.7 liters per year—still below Mediterranean averages but increasing at a healthy rate of around 30% over five years. Though local production is developing, with over ** thousand tonnes harvested in 2023, imports still account for more than **% of demand. The northern regions of Al-Jouf and Tabuk lead domestic cultivation, supported by favorable agro-climatic conditions and government-backed initiatives under Vision 2030.
Primary Areas/ Elements of Research & Analysis
The report provides comprehensive and valuable insights into the supply and demand dynamics of the Saudi Arabia’s olive oil market. Below are the variables considered and analyzed in the report:
• Supply-demand trends, market growth, and trade
• Market structure, conduct, and performance analysis
• Historical and forecasted market size (volume & value)
• Trade analysis (export & import), including key partners, quantities, values, and price trends
• Supply chain mapping, pricing, and regulatory framework
• Competitive landscape profiling of key players
• Factors influencing market performance, including sustainability trends
Market Growth Factors
Health awareness is a primary driver of olive oil consumption, as more than **% of the adult population seeks to reduce cholesterol and fat intake, according to SFDA insights. This demand is accelerating a shift toward premium and extra virgin olive oils, now constituting nearly **% of the market. Additionally, the government has injected SAR 200 million into agricultural programs, directly supporting olive farmers through subsidies and training, which has led to a **% annual growth in sales of local brands. Retail expansion, especially in hypermarkets and online platforms, has increased access to both international and domestic labels. The youthful demographic—over **% of the population is under 35—is also contributing to rising demand for health-focused and gourmet food products.
Market Restraints & Challenges
Despite rising demand, Saudi Arabia’s olive oil sector remains constrained by a high dependency on imports, which exposes the market to international price shocks. For instance, global price hikes of 30% in 2023 due to droughts in Spain and Tunisia significantly impacted local retail prices, which now range between SAR 25–35 per liter. Domestic production is still hindered by water limitations and lower yield per tree—averaging 3.8 kg, compared to 5–6 kg in Mediterranean countries. The sector also suffers from limited adoption of modern farming practices and insufficient technical expertise. Additionally, concerns around counterfeit products have emerged, prompting the SFDA to strengthen regulatory controls, although consumer trust remains a work in progress.
Market Segmentation
The market is dominated by extra virgin olive oil, which holds a **% share, driven by its flavor and nutritional value. Virgin and refined oils contribute **%, mostly used in hospitality and food processing, while organic and specialty oils make up the remaining **% and are growing rapidly at a CAGR of over **%. Culinary use is the dominant application, accounting for **% of volume, followed by cosmetic and pharmaceutical use. Household consumption leads end-user demand with **% share, while hotels and restaurants contribute **%. Modern retail channels such as Carrefour, Lulu, and Danube account for **% of distribution, and e-commerce sales are growing at **% annually, reflecting shifting consumer preferences toward convenience and premium selections.
Competitive Landscape
Saudi Arabia’s olive oil market features a mix of global and local players, with Spanish and Italian brands like Borges, Filippo Berio, and Terra Delyssa maintaining strong brand recognition. In parallel, domestic producers such as Al-Jouf Agricultural Development Company—processing over 2,000 metric tons annually—are expanding market presence with support from MEWA and Vision 2030 programs. Local brands like Zaitoon and Tabuk Olive Oil are gaining momentum through organic offerings and digital channels. The retail private-label space is also growing, as chains like Lulu and Panda introduce competitively priced products. Recent developments include new bottling plants in Al-Qassim and increased R&D investments in quality improvement and packaging innovation to capture market share.
Outlook
Looking ahead to 2032, Saudi Arabia’s olive oil market is projected to reach US$ ** million, growing at a CAGR of **%. Annual consumption is expected to surpass ** thousand tonnes, supported by continued government investment, health-focused consumer trends, and retail expansion. Local production is forecasted to exceed ** thousand tonnes annually, reducing import dependence from the current **% to **% by 2032. Strategic public-private partnerships, innovations in irrigation, and growing demand for premium and organic oils position the Kingdom for long-term value creation in both domestic and regional olive oil markets.
Scope of the Report:
• Historical Years: 2018-2023
• Base Year: 2024
• Forecast Period: 2025-2032
• Units: Value (US$ Million) and Volume (Thousand Tonnes)
• Report Coverage: Production, Consumption, Export, and Import
• Segments Covered:
By Type (Extra Virgin, Virgin, Refined Olive Oils, and Specialty Oils)
By Application (Culinary Uses and Cosmetic & Pharmaceutical Applications)
By End-use (Household, HoReCa, Food Processors, & Cosmetic Manufacturers)
By Sales (Domestic Sales and Imports/Exports)
• Companies Profiled: The market players include, Al-Jouf Agricultural Development Company, Zaitoon Olive Oil, Tabuk Agriculture Development Company, Al Watania Agriculture, Al-Raed Olive Oil, Elixir Organic Farms, Saudi Olive Tree, Terra Delyssa, Borges Mediterranean Group, Filippo Berio, Carbonell, De Cecco, Mazola, and Others.
Please note: It will take 4-5 business days to deliver the report upon receipt the order.
Saudi Arabia’s olive oil market is expanding steadily, with a market size estimated at US$ ** million in 2024, rising from US$ ** million in 2019. This growth is underpinned by increased consumer interest in healthier dietary options and the growing appeal of Mediterranean cuisine. Per capita olive oil consumption has climbed to approximately 0.7 liters per year—still below Mediterranean averages but increasing at a healthy rate of around 30% over five years. Though local production is developing, with over ** thousand tonnes harvested in 2023, imports still account for more than **% of demand. The northern regions of Al-Jouf and Tabuk lead domestic cultivation, supported by favorable agro-climatic conditions and government-backed initiatives under Vision 2030.
Primary Areas/ Elements of Research & Analysis
The report provides comprehensive and valuable insights into the supply and demand dynamics of the Saudi Arabia’s olive oil market. Below are the variables considered and analyzed in the report:
• Supply-demand trends, market growth, and trade
• Market structure, conduct, and performance analysis
• Historical and forecasted market size (volume & value)
• Trade analysis (export & import), including key partners, quantities, values, and price trends
• Supply chain mapping, pricing, and regulatory framework
• Competitive landscape profiling of key players
• Factors influencing market performance, including sustainability trends
Market Growth Factors
Health awareness is a primary driver of olive oil consumption, as more than **% of the adult population seeks to reduce cholesterol and fat intake, according to SFDA insights. This demand is accelerating a shift toward premium and extra virgin olive oils, now constituting nearly **% of the market. Additionally, the government has injected SAR 200 million into agricultural programs, directly supporting olive farmers through subsidies and training, which has led to a **% annual growth in sales of local brands. Retail expansion, especially in hypermarkets and online platforms, has increased access to both international and domestic labels. The youthful demographic—over **% of the population is under 35—is also contributing to rising demand for health-focused and gourmet food products.
Market Restraints & Challenges
Despite rising demand, Saudi Arabia’s olive oil sector remains constrained by a high dependency on imports, which exposes the market to international price shocks. For instance, global price hikes of 30% in 2023 due to droughts in Spain and Tunisia significantly impacted local retail prices, which now range between SAR 25–35 per liter. Domestic production is still hindered by water limitations and lower yield per tree—averaging 3.8 kg, compared to 5–6 kg in Mediterranean countries. The sector also suffers from limited adoption of modern farming practices and insufficient technical expertise. Additionally, concerns around counterfeit products have emerged, prompting the SFDA to strengthen regulatory controls, although consumer trust remains a work in progress.
Market Segmentation
The market is dominated by extra virgin olive oil, which holds a **% share, driven by its flavor and nutritional value. Virgin and refined oils contribute **%, mostly used in hospitality and food processing, while organic and specialty oils make up the remaining **% and are growing rapidly at a CAGR of over **%. Culinary use is the dominant application, accounting for **% of volume, followed by cosmetic and pharmaceutical use. Household consumption leads end-user demand with **% share, while hotels and restaurants contribute **%. Modern retail channels such as Carrefour, Lulu, and Danube account for **% of distribution, and e-commerce sales are growing at **% annually, reflecting shifting consumer preferences toward convenience and premium selections.
Competitive Landscape
Saudi Arabia’s olive oil market features a mix of global and local players, with Spanish and Italian brands like Borges, Filippo Berio, and Terra Delyssa maintaining strong brand recognition. In parallel, domestic producers such as Al-Jouf Agricultural Development Company—processing over 2,000 metric tons annually—are expanding market presence with support from MEWA and Vision 2030 programs. Local brands like Zaitoon and Tabuk Olive Oil are gaining momentum through organic offerings and digital channels. The retail private-label space is also growing, as chains like Lulu and Panda introduce competitively priced products. Recent developments include new bottling plants in Al-Qassim and increased R&D investments in quality improvement and packaging innovation to capture market share.
Outlook
Looking ahead to 2032, Saudi Arabia’s olive oil market is projected to reach US$ ** million, growing at a CAGR of **%. Annual consumption is expected to surpass ** thousand tonnes, supported by continued government investment, health-focused consumer trends, and retail expansion. Local production is forecasted to exceed ** thousand tonnes annually, reducing import dependence from the current **% to **% by 2032. Strategic public-private partnerships, innovations in irrigation, and growing demand for premium and organic oils position the Kingdom for long-term value creation in both domestic and regional olive oil markets.
Scope of the Report:
• Historical Years: 2018-2023
• Base Year: 2024
• Forecast Period: 2025-2032
• Units: Value (US$ Million) and Volume (Thousand Tonnes)
• Report Coverage: Production, Consumption, Export, and Import
• Segments Covered:
By Type (Extra Virgin, Virgin, Refined Olive Oils, and Specialty Oils)
By Application (Culinary Uses and Cosmetic & Pharmaceutical Applications)
By End-use (Household, HoReCa, Food Processors, & Cosmetic Manufacturers)
By Sales (Domestic Sales and Imports/Exports)
• Companies Profiled: The market players include, Al-Jouf Agricultural Development Company, Zaitoon Olive Oil, Tabuk Agriculture Development Company, Al Watania Agriculture, Al-Raed Olive Oil, Elixir Organic Farms, Saudi Olive Tree, Terra Delyssa, Borges Mediterranean Group, Filippo Berio, Carbonell, De Cecco, Mazola, and Others.
Please note: It will take 4-5 business days to deliver the report upon receipt the order.
Table of Contents
135 Pages
- 1. Executive Summary
- 2. Introduction
- 2.1. Objectives & Scope of the Study
- 2.2. Definitions & Economic Importance
- 2.3. Research Methodology
- 2.4. Factors and Decision Matrix Analysis
- 2.5. Limitations & Challenges
- 3. Product/ Market Overview
- 3.1. Saudi Arabia Olive Oil Supply Chain
- 3.2. Processing & Grading
- 3.3. Olive Oil Uses & Application Areas
- 3.4. Regulatory Analysis
- 4. Saudi Arabia: Country Profile
- 5. Global Olive Oil Market: An Overview
- 6. Saudi Arabia Olive Oil Market Growth Factors Analysis
- 6.1. Drivers and Restraints Analysis
- 6.2. Challenges and Opportunities Analysis
- 6.3. Saudi Arabia Olive Oil Industry SWOT Analysis
- 6.4. Saudi Arabia Olive Oil Market PESTEL Analysis
- 6.5. Saudi Arabia Olive Oil Market Porter's Five Forces analysis
- 7. Saudi Arabia Olive Oil Market: Supply-Demand Analysis
- 7.1. Saudi Arabia Olive Plantation
- 7.2. Saudi Arabia Olive Oil Production Trend
- 7.3. Saudi Arabia Olive Oil Trend
- 7.4. Domestic Consumption
- 7.5. Import/Export Demand
- 7.6. Olive Oil Supply Chain Analysis
- 7.7. Olive Oil Product Variants
- 8. Saudi Arabia Olive Oil Market: Segmentation Analysis
- 8.1. By Type
- 8.1.1. Extra Virgin Olive Oil
- 8.1.2. Virgin Olive Oil
- 8.1.3. Refined Olive Oil
- 8.1.4. Specialty Olive Oil
- 8.2. By Application
- 8.2.1. Culinary Uses
- 8.2.2. Cosmetic & Pharmaceutical Applications
- 8.3. By End-use
- 8.3.1. Household
- 8.3.2. HoReCa
- 8.3.3. Food Processors
- 8.3.4. Cosmetic Manufacturers
- 8.4. By Sales
- 8.4.1. Domestic Sales
- 8.4.2. Exports/Imports
- 9. Saudi Arabia Olive Oil Market: Trade (Export & Import) Analysis
- 9.1. Olive Oil Import Trend Analysis
- 9.2. Top 5 Import/Export Destinations/Origins of Saudi Arabia Olive Oil
- 9.3. Analysis on Countries Importing Olive Oil from Saudi Arabia
- 9.4. List of Key Companies Exporting Olive Oil (Sellers)
- 9.5. List of Key Companies Importing Olive Oil (Buyers)
- 10. Saudi Arabia Olive Oil Market: Price Trend Analysis
- 10.1. Domestic Price Trend
- 10.2. Trade Price Trend
- 10.3. Price Seasonality & Price Pattern Analysis
- 10.4. Price Events Analysis
- 11. Competitive Analysis
- 11.1. Saudi Arabia Olive Oil Market Mapping
- 11.2. Company Profiles
- 11.2.1. Al-Jouf Agricultural Development Company
- 11.2.2. Zaitoon Olive Oil
- 11.2.3. Tabuk Agriculture Development Company
- 11.2.4. Al Watania Agriculture
- 11.2.5. Al-Raed Olive Oil
- 11.2.6. Elixir Organic Farms
- 11.2.7. Saudi Olive Tree
- 11.2.8. Terra Delyssa
- 11.2.9. Borges Mediterranean Group
- 11.2.10. Filippo Berio
- 11.2.11. Carbonell
- 11.2.12. De Cecco
- 11.2.13. Mazola
- *Each company profile includes Company Business Overview, Primary Business Activities, Products Offered, SWOT Analysis, and relevant other relevant details.
- 12. Conclusion & Appendix
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