Spain: The healthy benefits of olive oil, a bet for increasing consumption in the Belgian market

Published 2024년 3월 31일

Tridge summary

The Belgian olive oil market has experienced substantial growth, becoming the most consumed edible oil with a value of 83.2 million euros. Spain dominates the import market, with its olive oil being repackaged by major local distributors. Despite a historical preference for butter, olive oil's popularity has surged due to health campaigns and changing demographics. However, Spanish olive oil competes with Greek and Italian varieties, which are often viewed as more premium. The market's main distribution channels are large supermarkets and the Horeca sector. Challenges include high consumer expectations and linguistic diversity, but the sector remains optimistic due to health-driven consumption growth. Opportunities for Spanish producers are significant, although breaking into the high-end market dominated by Italian oils is difficult due to branding challenges.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Belgian olive oil market has experienced notable growth in recent years, despite not being a producing country of this product. According to a Euromonitor report from 2023, edible oils in Belgium reach a value of 184 million euros, with olive oil being the most consumed, valued at 83.2 million euros. The study carried out by the Economic and Commercial Office of the Spanish Embassy in Brussels, points to Spain as the main origin of olive oil imports to Belgium. However, it is important to highlight that these imports are made in bulk and packaged locally by distributors such as Colruyt or Carrefour. Although Belgian gastronomic culture has traditionally been influenced by the consumption of butter, the consumption of olive oil has gained ground in recent years. Factors such as European information campaigns on the health benefits of olive oil and the increase in the population from countries with a culinary culture similar to the use of this oil have contributed to this ...
Source: Oleorevista

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