Only the 27.4% of the Greek households buy branded standard olive oil. In contrast, more than 60% either produce their own olive oil or it is sourced from relatives or friends, according to research recently published in the journal Nutrients.
Price is the main criterion
Regarding branded olive oil, 63% of consumers remain loyal to a particular brand, while in terms of the criteria by which they choose branded olive oils, the most important of all is the price (54%) followed by acidity (44%), the its geographical indication (39%), the PDO indication. (30%) and its packaging material (24%).
It is worth noting that in September this year the standard branded olive oil was the product that recorded the highest percentage appreciation in the category of food. Specifically, compared to August, the price of olive oil increased by 11.8%.
What about extra virgin olive oil?
However, one of the most interesting findings of the research, which focuses on consumer attitudes towards olive oil, concerns extra virgin olive oil.
Although Greeks still maintain a world leading position in terms of olive oil consumption, only 57% of households say they use extra virgin olive oil. This percentage is much lower compared to similar surveys conducted abroad (over 90% in Italy, 78.2% in Spain), but also compared to 25 years ago survey conducted in Greece, according to which the use of extra virgin olive oil reached 70%.
According to analysts, this unexpected finding could be attributed on the one hand to the economic crisis, as extra virgin is more expensive compared to other types of olive oil and, on the other hand, to the fact that many do not know or do not understand the terminology with which they are separated. the various categories of olive oil. The finding may also be related to the tin, as unlike standard olive oil it has no characterization for the category to which it belongs.