Canada Olive Oil Market Outlook, 2028

The Canadian olive oil market has undergone an extensive shift in recent years. Olive oil, once considered a specialist commodity, has become a household staple in Canada thanks to a growing interest in health-conscious eating and culinary research. The increase in olive oil consumption in Canada can be traced mostly to increased awareness of the health advantages associated with it. Extra virgin olive oil, in particular, is high in monounsaturated fats, antioxidants, and anti-inflammatory qualities, making it a popular choice among health-conscious consumers. The Mediterranean diet, which is known for its heart-healthy benefits, has played an important role in popularizing olive oil as an essential component of a healthy diet. When it comes to olive oil, Canadians are becoming more picky. Previously, olive oil selections were restricted to a few possibilities; however, consumers may now discover a wide range of options in stores. Extra virgin olive oil (EVOO) is still the most popular and sought-after kind, valued for its exceptional quality and little processing. However, virgin olive oil and normal olive oil are also available to meet various culinary purposes. Furthermore, the market has seen a spike in specialty and artisanal olive oils. These oils are frequently sourced from specific places, have distinct flavor profiles, and are manufactured on a small scale by specialized producers. Consumers ready to try new flavors and pay a premium have contributed to the increased interest in these premium olives. Olive oil's versatility makes it a must-have component in Canadian kitchens. Beyond Mediterranean cuisine, Canadians have embraced olive oil in a variety of culinary applications as a healthier alternative to butter and other cooking oils. Olive oil is used to enhance flavors while promoting healthy cooking methods in salad dressings, marinades, sautéing, grilling, and even baking.

According to the research report "Canada Olive Oil Market Overview, 2028," published by Bonafide Research, the Canada Olive Oil market is expected to grow at significant rate during the forecast period. In 2020, Canada consumed roughly more than 60000 tons of olive oil. One of the primary peculiarities of olive oil in Canada is its broad range of flavors and types, which provides consumers with a fascinating spectrum of taste experiences. The specialty is the availability of high-quality imported extra virgin olive oils from known olive-growing locations around the world, such as Italy, Spain, Greece, and Portugal. These oils are famous for their different flavor profiles, which can range from the powerful and peppery notes of Tuscan olive oil to the softer, buttery overtones of oils from the Greek Peloponnese. This variety of flavors allows Canadian consumers to discover and appreciate the intricacies of olive oil, improving their culinary creations. Furthermore, the Canadian market has seen an increase in local artisanal olive oil producers, notably in locations such as British Columbia and Ontario, who manufacture small-batch, premium olive oils with distinct terroirs and flavor profiles. This blend of global imports and local artisanal goods distinguishes the Canadian olive oil industry as a unique destination for individuals looking for a variety of flavor experiences and a commitment to quality in their culinary pursuits. Olive oil tastings and educational activities are becoming increasingly popular in Canada. Participants can try various olive oils, learn about their properties, and grasp the differences between various grades, such as extra virgin, virgin, and normal olive oil, during these events. This educational component has led to a greater appreciation for olive oil. Olive oil is utilized as a gourmet component as well as in everyday cooking. To improve flavor and add a touch of elegance to their meals, Canadians frequently sprinkle high-quality extra virgin olive oil over salads, grilled veggies, and even desserts. Olive oil festivals have become annual traditions in some Canadian cities. These celebrations honor olive oil and its cultural relevance by providing tastings, cooking demonstrations, and the opportunity to learn about its history and production.

Based on nature market is bifurcated into conventional and organic. Organic nature of olive oil is growing significant popularity in Canada. Canadians are growing more health-conscious and looking for healthier dietary options. Organic olive oil is said to be a healthier option because it is grown without the use of synthetic pesticides, herbicides, or genetically modified organisms (GMOs). To avoid exposure to potentially dangerous chemicals, consumers are willing to pay a premium for organic items such as olive oil. Organic olive oil, according to some consumers, has a purer and more authentic flavor. They value the natural flavor of olives that have not been tampered with by synthetic chemicals, which adds to the attractiveness of organic varietals for culinary connoisseurs. Consumers in Canada are becoming more interested in Mediterranean and international cuisines, where olive oil is a key element. This cultural shift has resulted in a better awareness of olive oil quality as well as a desire for organic products. Because of the absence of synthetic additives that may interact with these substances, organic olive oil is often associated with a higher concentration of beneficial compounds, such as antioxidants. Organic olive oil may be preferred by those seeking to maximize the possible health advantages of olive oil.

Based on end-user market include, household, industrial and food service industries. Household are the major consumers of olive oil in Canada. Olive oil is an extremely versatile cooking ingredient that is used in a wide variety of culinary applications. It may be used for sautéing, frying, roasting, grilling, and baking, making it a culinary essential for a wide range of meals. Canada is a culturally diversified country with a diverse culinary heritage. Olive oil is a staple in Mediterranean, Italian, Greek, Middle Eastern, and other cuisines that have made their way into Canadian homes. Olive oil is frequently used in these various cooking methods in households. Olive oil is becoming increasingly popular as Canadians become more interested in gourmet cooking and experimenting with diverse flavors. It is utilized not just in ordinary cooking but also as a gourmet ingredient that enhances the flavors of dishes. The distribution channels of the market include convenience stores, hypermarket / supermarket, direct sales, online and others. Online channel is growing rapidly in Canada olive oil market. Online retailers frequently have a larger assortment of olive oil kinds and brands than brick-and-mortar establishments. Consumers can choose from a variety of grades (e.g., extra virgin, virgin, ordinary) and areas of olive oil. Some internet vendors provide subscription services, allowing clients to get regular supplies of their chosen olive oil. This convenience ensures that households always have a fresh supply of their preferred cooking oil. Some of the major online channels in Canada that distribute olive oil include Amazon, Zestea, Sobeys and many more.

Considered in this report:
• Geography: Canada
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028



Aspects covered in this report:
• Canada 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

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.