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MARKET SUMMARY

1.1 Presentation and market definition

Olive oil is an edible oil extracted from the fruits of the olive tree (i.e. olives), typical of the Mediterranean diet. Depending on the acidity of the oil and the extraction mechanisms, olive oil can be distinguished in different types, among the most famous: extra virgin olive oil, virgin olive oil, “lampante” olive oil and refined olive oil.

Recently the European production of olive oil has recorded impressive figures, driven by Spain, Greece and Italy.

Despite a favourable climate in the southern regions, France has great difficulty in competing against foreign players, which supply almost all the products consumed on the national territory according to data from the IOC (International Olive Oil Council). However, farmers are trying to adapt to new trends, particularly with organic farming, and to differentiate themselves from each other through protected and controlled designations of origin.

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