Global Olive Oil Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2032

Olive Oil Market Size

• The global olive oil market was valued at USD 13.05 billion in 2024 and is expected to reach USD 18.85 billion by 2032
• During the forecast period of 2025 to 2032 the market is such as to grow at a CAGR of 4.70%, primarily driven by the rising consumer preference for healthier cooking oils
• This growth is driven by factors such as the increasing awareness about the health benefits of olive oil

Olive Oil Market Analysis

• The global olive oil market has been experiencing steady growth, with an increasing consumer preference for healthy and natural oils over conventional cooking oils
• The rising awareness about the health benefits of olive oil, such as its potential to lower cholesterol and improve heart health, is contributing to its market expansion
• The demand for extra virgin olive oil is particularly on the rise, as consumers are becoming more conscious about the quality and purity of the oil they use for cooking and dressing
• Olive oil is not only popular in culinary applications but is also gaining traction in the cosmetics and personal care industry due to its moisturizing and anti-aging properties 
• For instance, as consumers shift towards more organic and natural products, many companies are expanding their offerings of organic olive oil to meet this growing demand, which has helped boost market growth

Report Scope and Olive Oil Market Segmentation     

Olive Oil Market Trends

“Growth in Demand for Premium Olive Oils”

• The olive oil market is seeing a shift toward premium and specialty oils driven by growing health-conscious consumer preferences
• Extra virgin olive oil is increasingly favored due to its health benefits, especially its heart-healthy properties
• Consumers are gravitating toward oils from sustainable and organic sources, emphasizing authenticity and eco-friendliness
• Specialty olive oils with distinct flavors or regional origins are gaining traction in the premium segment
• Brands are focusing on highlighting unique production methods, origins, and sustainability to appeal to premium consumers 
  • For instance, olive oils from small-scale producers or specific regions are gaining popularity among consumers seeking authenticity and quality 
• In conclusion, this growing demand for high-quality, sustainable olive oils is reshaping the market and offering new opportunities for innovation and differentiation in the industry

Olive Oil Market Dynamics

Driver

“Increasing Demand for Health-Conscious Food Products”

• Increasing awareness about health risks from unhealthy fats is driving demand for healthier cooking oils such as olive oil
• Olive oil, especially extra virgin, is rich in monounsaturated fats, which help reduce bad cholesterol and lower heart disease risk
• It contains natural antioxidants and anti-inflammatory compounds such as polyphenols that support overall health and prevent chronic diseases
• The growing popularity of the Mediterranean diet, known for its health benefits and high olive oil content, contributes to the rising demand
• Olive oil is being used not just in cooking but also in skincare products due to its moisturizing and antioxidant properties, boosting market growth

Opportunity

“Growing Demand for Organic Olive Oil”

• Growing health consciousness among consumers is fueling the demand for organic olive oil
• Organic olive oil is produced without pesticides, herbicides, or synthetic fertilizers, making it more appealing for consumers seeking purity and quality
• The shift toward sustainable and eco-friendly food production is driving the popularity of organic olive oil, as consumers become aware of conventional farming’s environmental impact
• Organic olive oil is perceived as healthier because it is free from chemicals and additives, which appeals to those looking for cleaner, more natural products
• The rise of plant-based diets and vegan lifestyles, where olive oil plays a key role, further supports the growing demand for organic olive oil
• In conclusion, the rising preference for organic and sustainable food options continues to boost the demand for organic olive oil across diverse consumer segments.

Restraint/Challenge

“Volatility in Olive Oil Production Due to Climate Change”

• Climate change is causing unpredictable weather patterns, such as droughts, heatwaves, and irregular rainfall, which affect olive harvests
• Olive trees are highly sensitive to environmental conditions, leading to variability in production and quality across key olive-producing regions such as Spain, Italy, and Greece
• Drought and excessive heat can lower fruit yield and reduce oil content, impacting both the quantity and quality of olive oil
• Climate-related factors, along with pests and diseases, create challenges for producers in forecasting supply and maintaining price stability
• Producers are adopting more resilient farming practices, such as developing drought-resistant olive trees and improving irrigation, but these solutions require significant investment and time to implement
• In conclusion. The climate change remains a major long-term challenge for the olive oil industry, demanding sustained innovation and investment in adaptive farming practices

Olive Oil Market Scope

The market is segmented on the basis of type, flavour, extraction method, application, and distribution channel.

Olive Oil Market Regional Analysis

“Europe is the Dominant Region in the Olive Oil Market”

• Europe leads the global olive oil market with Spain, Italy, and Greece as key producers
• Spain is the largest producer, contributing a significant share to global olive oil output while Italy and Greece also make substantial contributions
• The Mediterranean climate in these countries offers ideal conditions for olive cultivation, supporting a long history of olive oil production
• European olive oil is renowned for its quality, benefiting both from strong domestic consumption and substantial export markets
• The established infrastructure and expertise in olive farming and oil extraction continue to strengthen Europe's position in the market, ensuring consistent growth and consumer preference for high-quality products
• In conclusion, Europe's dominance in olive oil production and its reputation for quality will continue to secure its leading position in the global market.

“Asia-Pacific is Projected to Register the Highest Growth Rate”

• The Asia-Pacific region is experiencing the fastest growth in the olive oil market, especially in China and India
• Rising disposable incomes and increased consumer awareness about health and wellness are driving the demand for healthier cooking alternatives such as olive oil
• Olive oil’s health benefits, including being rich in antioxidants and healthy fats, align with the growing preference for functional foods in these countries
• The adoption of the Mediterranean diet and the shift towards organic and natural food products further support the demand for olive oil
• As urbanization increases, there is a growing trend to adopt international food preferences, and olive oil is gaining popularity not only in cooking but also in skincare and cosmetic applications
• In conclusion, the expanding middle class and rising health consciousness in Asia-Pacific, particularly in China and India, are key drivers propelling the olive oil market's rapid growth in the region

Olive Oil Market Share

The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.

The Major Market Leaders Operating in the Market Are:

• Cargill, Incorporated (U.S.)
• Deoleo (Spain)
• Del Monte Foods Inc (U.S.)
• Gallo Worldwide (U.S.)
• BORGES INTERNATIONAL GROUP, S.L.U. (Spain)
• Avenida Rafael Ybarra (Spain)
• SOVENA (Portugal)
• Sun Grove Foods Inc. (U.S.)
• EU Olive Oil Ltd (U.K.)
• Artajo Oil (Spain)
• SALOV GROUP (Italy)
• Aceites Sandúa (Spain)
• Tucan Olive Oil Company LTD (Australia)
• Domenico Manca S.p.a. (Italy)
• Les huiles d'olive Lahmar (Tunisia)
• GRAMPIANS OLIVE CO. (Australia)
• Victorian Olive Groves (Australia)
• Gourmet Foods Inc. (U.S.)
• JAENCOOP GROUP (Spain)
• ΜΙΝΕRVΑ (Greece)

Latest Developments in Global Olive Oil Market

• In March 2024, Borges introduced ZPR almonds and single-variety extra virgin olive oils. This new range highlights the company's commitment to offering high-quality, premium products. The single-variety extra virgin olive oils are crafted to emphasize specific olive flavors, catering to consumers looking for unique and distinctive tastes in their cooking. This launch strengthens Borges' position in the health-conscious and gourmet food market
• In November 2024, Atlante introduced its Vitto-branded extra virgin olive oil to the Swiss market. This product is crafted from olives sourced from certified Mediterranean groves, ensuring a rich flavor and balanced nutritional profile. The launch reflects Atlante's commitment to delivering high-quality Italian products to global consumers
• In February 2025, Graza introduced Frizzle, a high-heat cooking oil designed for frying, grilling, and baking. Crafted from a blend of extra virgin olive oil and olive pomace oil, Frizzle boasts a smoke point of up to 490°F, making it suitable for various high-temperature cooking methods. It is available in three formats: a 750-milliliter squeeze bottle, a 5-ounce spray bottle, and a 2-liter jug, catering to diverse culinary needs
• ​The extra virgin olive oil market is projected to experience substantial growth, reaching an estimated value of $19.8 billion by 2031. This expansion is largely driven by a global shift toward healthier and organic food options, as consumers increasingly seek products rich in antioxidants and beneficial fatty acids

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