Saudi Arabia Olive Oil Market Outlook, 2028

Saudi Arabia has become one of the emerging markets for this Mediterranean elixir as a result of a growing demand for olive oil in recent years. Saudi Arabia, which has a long history of culinary traditions and a passion for flavorful food, is now welcoming olive oil with open arms. In recent years, there has been a change in Saudi Arabia's gastronomic scene. Olive oil has been used in both classic meals and cutting-edge inventions because of the entrance of various cuisines, particularly Mediterranean and Middle Eastern cuisines. Olive oil has a coveted place in Saudi Arabian kitchens because of its adaptability, which includes uses like drizzling it over crisp salads and using it as the foundation for flavorful sauces. Saudi consumers are actively looking for healthier eating alternatives as health consciousness continues to develop across the globe. With its abundance of heart-healthy monounsaturated fats, antioxidants, and possibly anti-inflammatory qualities, olive oil excellently satisfies the rising need for nutrient-dense, well-balanced diets. A preference for high-end ingredients characterizes Saudi Arabia's developing food culture. Extra-virgin and specialty olive oils have become popular among discerning consumers. They are praised for their outstanding flavor profiles and distinctive geographical characteristics. Consumption of these premium cultivars has increased as a result of consumers' quest for higher taste and quality. Its popularity has also grown as the nation's production of olive oil has expanded. Olive farming is made possible by Saudi Arabia's hospitable climate, especially in areas like Al-Jouf and Al-Ahsa. Due to this, regional olive oil companies have emerged, which appeal to customers looking for genuine, regionally derived goods. Saudi Arabia is becoming increasingly globalized, exposing locals and expatriates to a wide variety of world cuisines. Due to this blending of cultures, the use of olive oil, a staple of Mediterranean, Middle Eastern, and European cuisine, has expanded into Saudi Arabian cuisine. According to the research report "Saudi Arabia Olive Oil Market Overview, 2028," published by Bonafide Research, the Saudi Arabia Olive Oil market is expected to grow at significant rate during the forecast period. Saudi Arabian olive oil is renowned for its exceptional quality, which has been refined over centuries of olive cultivation, and its rich, powerful flavor profile, which reflects the region's terroir. Saudi olive oil embodies a sense of place that is based on long-standing farming and harvesting customs. The remarkable flavor of the oil, which is frequently described as robust and peppery, lends complexity to classic Saudi foods like kabsa and mandi while also enhancing the flavors of more recent Mediterranean-inspired cuisine. A variety of specialty olive oil kinds, from extra virgin to cold-pressed, are available in Saudi Arabia's expanding market, each of which has a distinctive flavor profile and local flavor. The artisanal method of making olive oil and the focus on genuineness and quality are in line with Saudi consumers' growing taste for high-quality ingredients. This emphasis on exceptional flavor and local production contributes to Saudi olive oil's specialization, making it a beloved and adaptable element of the nation's developing culinary culture. Saudis are looking for healthier eating options as they become more health-conscious. The heart-healthy monounsaturated fats, antioxidants, and potential anti-inflammatory effects of olive oil make it the ideal choice for this trend. Due to its alleged health advantages, it is frequently preferred over other cooking oils. In Saudi Arabia, the preference for specialty and premium olive oils is growing. Customers who value its distinctive flavor and health advantages are increasingly looking for extra virgin olive oil, which is renowned for its remarkable flavor and quality. Specialty oils, such as single-origin or cold-pressed kinds, are also making a name for themselves and appealing to sophisticated palates.

Based on nature market is segmented into conventional and organic. Organic type is growing in Saudi Arabia olive oil market. Natural pesticides and fertilizers are not used in the production of organic olive oil, making it a healthier option for customers who care about their wellbeing. Antioxidants included in organic olive oil can help shield the body from the harm caused by free radicals. In order to encourage the production and consumption of organic food products, the Saudi Arabian government has implemented a variety of laws and programs. This has contributed to improving the conditions for the development of the Saudi Arabian market for organic olive oil. Organic olive oil is regarded as a higher-quality product than regular olive oil, in addition to its health and environmental advantages. This is reflected in the higher prices that organic olive oil commands. As consumers in Saudi Arabia become more affluent, they are increasingly willing to pay a premium for products that they believe are healthier and more sustainable. Based on end-user market is segmented into household, industrial and food service industries. Households are the major end-users of Olive oil in Saudi Arabia. In Saudi Arabia, olive oil has cultural value and is frequently connected to hospitality and shared meals. Families can connect with their cultural history and foster a sense of tradition and community by cooking with olive oil. Olive oil is a favourite among households because of its adaptability. It can be used for frying, sautéing, grilling, and roasting, among other types of cooking. It is a useful and adaptable kitchen essential due to its versatility in many recipes. In Saudi Arabia, meals prepared at home are highly regarded. Olive oil is a necessary item in the kitchens of many households since they prefer to prepare meals at home rather than eating out. Olive oil is widely used in domestic cooking, which contributes to its popularity. Based on distribution channel market is segmented into convenience stores, hypermarket / supermarket, direct sales, online and others. Convenience stores are positioned in both urban and suburban settings, giving customers easy access to them. Customers are guaranteed to be able to acquire olive oil conveniently, even after business hours or on weekends when other retail establishments could be closed, thanks to their extended operation hours or 24/7 accessibility. Many Saudi consumers lead fast-paced lives and frequently look for quick and hassle-free purchasing experiences; thus, this accessibility fits with their lifestyles. Significant urbanization and a move toward busier metropolitan lives have occurred in Saudi Arabia. As a result, consumers who value proximity and efficiency when buying daily essentials like olive oil have started to favour convenience stores. For customers who prefer to receive their purchases at home, some Saudi Arabian convenience store businesses provide home delivery services. Considered in this report: • Geography: Saudi Arabia • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028

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Manmayi Raval

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Aspects covered in this report: • Saudi Arabia Olive Oil market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Nature: • Conventional • Organic By End-User: • Domestic • Industrial • Food Service

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By Distribution Channel: • Convenience store • Hypermarket/Supermarket • Direct Sales • Online • Others The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources. Intended audience: This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Olive Oil industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.