Olive Oil Market Analysis

Name: Olive Oil Market Research Report-Forecast to 2035
Creator: Market Research Future
License: https://www.marketresearchfuture.com/pages/terms-and-conditions

ID: MRFR/F-B & N/5761-HCR

200 Pages

Snehal Singh

October 2025

Olive Oil Market Research Report By Type (Extra Virgin Olive Oil, Virgin Olive Oil, Refined Olive Oil, Pure Olive Oil), By Packaging Type (Bottles, Cans, Tetra Packs, Bulk Containers), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Online Retail, Specialty Stores), By End Use (Household, Food Service, Industrial) and By Regional (North America, Europe, South America, As...

Summary Table of Contents Segmentation Download PDF

Market Analysis

In-depth Analysis of Olive Oil Market Industry Landscape

The Olive Oil Market is shaped by a complex interplay of factors that collectively define its dynamics. Olive oil, a staple in Mediterranean cuisine, has gained global popularity due to its perceived health benefits and versatile uses in cooking. One of the key drivers influencing the market dynamics is the increasing awareness of the Mediterranean diet and its association with heart health. Consumers are actively seeking healthier alternatives to traditional cooking oils, and olive oil, known for its monounsaturated fats and antioxidants, aligns with these health-conscious preferences. Geography plays a significant role in the Olive Oil Market dynamics, as olive trees thrive in specific climates. The Mediterranean region, including countries like Spain, Italy, and Greece, is a major contributor to global olive oil production. However, factors such as climate change, pests, and diseases can impact olive yields, leading to fluctuations in the global olive oil supply. This geographical dependence adds a layer of complexity to market dynamics, influencing prices and availability. Moreover, consumer preferences for high-quality and extra virgin olive oils contribute to market dynamics. Extra virgin olive oil, extracted through cold pressing and without the use of chemicals, is considered the highest quality and is favored for its rich flavor and superior health benefits. The market has witnessed a shift towards premium and organic olive oils, reflecting consumer willingness to pay a premium for products perceived as more authentic and of higher quality. Economic factors also play a crucial role in shaping the Olive Oil Market. Prices of olive oil are influenced by factors such as production costs, labor, and transportation. Economic conditions in major olive oil-producing countries can impact the overall supply chain, from cultivation to distribution. Fluctuations in currency exchange rates can also affect international trade and the competitiveness of olive oil in global markets. Trade dynamics and international regulations significantly impact the Olive Oil Market. The industry is characterized by global trade, with olive oil being imported and exported between countries. Tariffs, trade agreements, and quality standards imposed by importing nations can affect market access for olive oil producers. Adherence to quality standards and certifications becomes essential for exporters to meet the requirements of discerning consumers and navigate international trade regulations. Technological advancements in olive oil production contribute to market dynamics. Innovations in extraction methods, machinery, and packaging have improved the efficiency and quality of olive oil production. Technology allows for better control over factors such as temperature and processing time, ensuring the preservation of flavor and nutritional properties. These advancements not only enhance the production process but also influence consumer perceptions of olive oil as a modern and convenient culinary choice. Competitive dynamics within the Olive Oil Market are notable, with both large multinational corporations and smaller artisanal producers vying for market share. Branding and marketing efforts become crucial for companies to differentiate their products in a crowded marketplace. Promoting the authenticity of the product, highlighting regional origins, and emphasizing sustainable and ethical practices are common strategies to capture consumer attention and loyalty. Consumer education and awareness campaigns play a vital role in shaping the Olive Oil Market. As consumers become more informed about the different types of olive oil, their health benefits, and culinary uses, they are likely to make more conscious purchasing decisions. The trend towards healthier lifestyles and the preference for natural and minimally processed foods contribute to the increasing demand for olive oil as a versatile and heart-healthy cooking oil.

Market Highlights

Author

Snehal Singh

Assistant Manager - Research

High acumen in analyzing complex macro & micro markets with more than 6 years of work experience in the field of market research. By implementing her analytical skills in forecasting and estimation into market research reports, she has expertise in Packaging, Construction, and Equipment domains. She handles a team size of 20-25 resources and ensures smooth running of the projects, associated marketing activities, and client servicing.

Get In Touch

FAQs

What is the projected market size of the Olive Oil Market in 2024?

The Olive Oil Market is expected to be valued at 3.79 USD Billion in 2024.

What is the anticipated market size for the Olive Oil Market by 2035?

By 2035, the Olive Oil Market is projected to reach a value of 5.5 USD Billion.

What is the expected compound annual growth rate (CAGR) for the Olive Oil Market from 2025 to 2035?

The expected CAGR for the Olive Oil Market from 2025 to 2035 is 3.44%.

Which region is expected to dominate the market share in the Olive Oil Market by 2035?

By 2035, Europe is expected to dominate the market share with a valuation of 2.5 USD Billion.

What will be the market value of Extra Virgin Olive Oil in 2035?

The market value of Extra Virgin Olive Oil is projected to reach 1.75 USD Billion by 2035.

What key players are driving the Olive Oil Market?

Major players in the market include Pernod Ricard, California Olive Ranch, and Barilla, among others.

What will be the market value for North America in the Olive Oil Market by 2035?

The Olive Oil Market in North America is expected to reach a value of 1.1 USD Billion by 2035.

What will be the growth rate of Virgin Olive Oil from 2024 to 2035?

Virgin Olive Oil is anticipated to grow from a value of 1.0 USD Billion in 2024 to 1.5 USD Billion in 2035.

What are the projected values for Refined Olive Oil by 2035?

Refined Olive Oil is expected to be valued at 1.6 USD Billion by 2035.

What challenges and opportunities exist for the Olive Oil Market?

The market faces challenges such as competition and quality control while presenting opportunities for growth in emerging regions and sustainable practices.

1. Market Overview

2. Market Trends

3. Market Segment Insights

4. Key Players and Competitive Insights

5. Industry Developments

6. Market Segmentation

7. Report Scope

8. Market Highlights

9. FAQs

Customize Report

Certified Researchers

Market Summary

As per Market Research Future Analysis, the Global Olive Oil Market was valued at 3.66 USD Billion in 2023 and is projected to grow to 5.5 USD Billion by 2035, with a CAGR of 3.44% from 2025 to 2035. The market is driven by increasing health consciousness among consumers, rising demand for premium quality olive oil, and enhanced production capabilities in key producing countries. The market is characterized by a shift towards organic and sustainably produced olive oils, reflecting evolving consumer preferences.

Key Market Trends & Highlights

The Olive Oil Market is witnessing significant trends that are shaping its growth trajectory.

Extra Virgin Olive Oil is projected to grow from 1.14 USD Billion in 2024 to 1.67 USD Billion by 2035. The market for Virgin Olive Oil is expected to increase from 0.85 USD Billion in 2024 to 1.24 USD Billion by 2035. Rising demand for premium olive oils is driven by increasing disposable incomes and culinary tourism. The market is expanding due to the growing popularity of Mediterranean diets and health benefits associated with olive oil.

Market Size & Forecast

2023 Market Size	USD 3.66 Billion
2024 Market Size	USD 3.79 Billion
2035 Market Size	USD 5.5 Billion
CAGR (2025-2035)	3.44%
Largest Regional Market Share in 2024	Europe.

Major Players

Key players in the Olive Oil Market include Carbonell, Tortuga, Filippo Berio, Kirkland Signature, Colavita, Gallo, Sasso, California Olive Ranch, Primo Extra Virgin Olive Oil, Deoleo, Borges, Lucini Italia, Bertolli, and Pompeian.

Market Trends

The Olive Oil Market is experiencing significant shifts driven by several key market drivers. A prominent trend is the rising health consciousness among consumers worldwide, prompting an increased demand for natural and nutritious cooking oils.

Olive oil, known for its health benefits such as high antioxidant content and heart-healthy properties, is being favored over other oils.

Additionally, the growing trend towards organic food consumption has led to a surge in the popularity of organic olive oil, appealing to consumers looking for environmentally friendly options.

Opportunities lie in expanding the olive oil product range to include flavored and infused varieties, targeting a younger audience and enhancing consumer experience.

With the globalization of culinary practices, the interest in Mediterranean diets, which prominently feature olive oil as a staple, is also influencing market growth.

This trend presents a chance for producers to market olive oil's versatility in various global cuisines. Recent times have seen an increase in premiumization within the olive oil sector, where consumers are willing to pay more for high-quality, extra virgin olive oil.

This shift reflects a broader trend of consumers valuing authenticity and premium sourcing in food products. Efforts to improve traceability and transparency in the supply chain are becoming essential, as consumers are increasingly aware of where their food comes from.

Social media and digital platforms also play a vital role in educating consumers about the benefits and uses of olive oil, further influencing purchasing decisions. With these evolving trends, the Olive Oil Market is poised for continued growth and innovation.

The global olive oil market demonstrates a robust trajectory, driven by increasing consumer awareness of health benefits and a growing preference for natural and organic products.

U.S. Department of Agriculture

Olive Oil Market Market Drivers

Market Growth Projections

The Global Olive Oil Industry is poised for substantial growth, with projections indicating a market value of 3.79 USD Billion in 2024 and an anticipated increase to 5.5 USD Billion by 2035. This growth trajectory reflects a compound annual growth rate (CAGR) of 3.44% from 2025 to 2035. Such projections underscore the increasing consumer demand for olive oil, driven by health trends, culinary innovations, and sustainability efforts. The market's expansion is likely to be supported by both established and emerging producers, as they adapt to changing consumer preferences and capitalize on new opportunities.

Growing Culinary Popularity

The Global Olive Oil Industry is significantly influenced by the growing culinary popularity of olive oil across various cuisines. Chefs and home cooks alike are increasingly incorporating olive oil into their recipes, not only for its flavor but also for its versatility. This trend is evident in the rising number of cooking shows and culinary blogs that emphasize the use of olive oil. As culinary enthusiasts experiment with different varieties, the demand for premium olive oils is likely to increase. This shift contributes to the market's anticipated growth, with projections indicating a market value of 5.5 USD Billion by 2035.

Rising Health Consciousness

The Global Olive Oil Industry experiences a notable surge in demand driven by increasing health consciousness among consumers. Olive oil is recognized for its health benefits, including heart health and anti-inflammatory properties. As consumers become more aware of the nutritional advantages of olive oil, they are opting for healthier cooking oils. This trend is reflected in the projected market value of 3.79 USD Billion in 2024, indicating a robust consumer shift towards healthier dietary choices. The growing preference for natural and organic products further supports this trend, as consumers seek high-quality olive oil that aligns with their health goals.

Sustainable Farming Practices

Sustainable farming practices are becoming a pivotal driver in the Global Olive Oil Industry. As consumers become more environmentally conscious, they are increasingly seeking products that are produced through sustainable methods. Olive oil producers are responding by adopting eco-friendly practices, such as organic farming and water conservation techniques. This commitment to sustainability not only appeals to environmentally aware consumers but also enhances the quality of the product. The emphasis on sustainability is expected to contribute to the market's growth, aligning with the projected CAGR of 3.44% from 2025 to 2035, as more consumers prioritize ethical consumption.

Technological Advancements in Production

Technological advancements in olive oil production are reshaping the Global Olive Oil Industry. Innovations in extraction methods and quality control processes are enhancing the efficiency and quality of olive oil production. For instance, the use of cold-pressing techniques preserves the oil's flavor and nutritional value, appealing to quality-conscious consumers. Additionally, advancements in packaging technology are improving product shelf life and consumer convenience. These developments are likely to attract a broader consumer base, contributing to the market's growth trajectory. As a result, the industry is poised for expansion, with a projected market value of 3.79 USD Billion in 2024.

Emerging Markets and Export Opportunities

Emerging markets are presenting new opportunities for the Global Olive Oil Industry. Countries in Asia and Africa are witnessing a growing interest in olive oil, driven by changing dietary habits and increased exposure to Mediterranean cuisine. This trend is encouraging producers to explore export opportunities in these regions. As olive oil becomes more integrated into diverse culinary practices, the demand is expected to rise significantly. This expansion into emerging markets is anticipated to bolster the overall market growth, contributing to the projected CAGR of 3.44% from 2025 to 2035.

Market Segment Insights

Olive Oil Market Segment Insights

Olive Oil Market Segment Insights

Olive Oil Market Type Insights

Olive Oil Market Type Insights

The Olive Oil Market has shown significant growth and diversification in its Type segment, which includes Extra Virgin Olive Oil, Virgin Olive Oil, Refined Olive Oil, and Pure Olive Oil. In 2024, the Olive Oil Market revenue is projected to be valued at 3.79 USD Billion, demonstrating a robust demand for various olive oil types.

Among these, Extra Virgin Olive Oil holds a majority share, being valued at 1.2 USD Billion in 2024 and expected to rise to 1.75 USD Billion by 2035. This sub-segment is highly regarded for its superior quality and health benefits, which include higher levels of antioxidants and healthy fats.

Olive Oil Market Packaging Type Insights

Olive Oil Market Packaging Type Insights

The Packaging Type segment of the Olive Oil Market plays a pivotal role in the industry's growth, with the overall market expected to reach a valuation of 3.79 USD Billion by 2024.

In this segment, various packaging forms such as Bottles, Cans, Tetra Packs, and Bulk Containers cater to different consumer preferences and distribution channels.

Olive Oil Market Distribution Channel Insights

Olive Oil Market Distribution Channel Insights

The Olive Oil Market continues to evolve, with Distribution Channels playing a critical role in its growth. By 2024, the market is expected to be valued at 3.79 billion USD, reflecting the increasing demand for olive oil across various consumer demographics.

Major Distribution Channels include Supermarkets/Hypermarkets, Convenience Stores, Online Retail, and Specialty Stores. Supermarkets and Hypermarkets dominate the landscape, providing consumers easy access to a wide variety of olive oil brands and types.

Olive Oil Market End Use Insights

Olive Oil Market End Use Insights

The Olive Oil Market is witnessing significant growth, driven by various end use categories such as Household, Food Service, and Industrial segments. As of 2024, the market is projected to be valued at 3.79 billion USD.

In particular, the Household sector is noteworthy for its vast consumption, where consumers are increasingly leaning towards healthier cooking oils, making it a dominant force in the market. Meanwhile, the Food Service segment has also gained traction, as restaurants and culinary establishments emphasize high-quality ingredients in their offerings.This shift towards premium and authentic cooking experiences underlines the importance of olive oil in professional kitchens globally.

Get more detailed insights about Olive Oil Market Research Report-Forecast to 2035

Regional Insights

The Olive Oil Market presents a diverse landscape across various regions, showcasing distinct dynamics in each area. In 2024, Europe holds a significant position with an impressive valuation of 1.7 USD Billion, capturing the majority of the market due to its long-standing tradition and high consumption rates of olive oil.

North America follows, valued at 0.75 USD Billion, reflecting increasing health awareness and a growing interest in Mediterranean diets, which boosts demand.

South America, valued at 0.4 USD Billion, is gradually emerging as a prominent player, primarily driven by rising culinary trends and health consciousness among consumers.

The Asia Pacific region, with a valuation of 0.6 USD Billion, offers substantial growth potential as expanding middle-class incomes and an inclination toward healthy eating foster increased olive oil adoption.

Meanwhile, the Middle East and Africa segment, valued at 0.34 USD Billion, is characterized by unique culinary preferences and a developing market for premium olive oils, setting the stage for potential growth.

Collectively, these regions contribute to the overall growth trajectory of the Olive Oil Market, with varying degrees of influence and opportunity based on local consumer behavior and market conditions.

Olive Oil Market Regional Insights

Source: Primary Research, Secondary Research, Market Research Future Database and Analyst Review

Key Players and Competitive Insights

The Olive Oil Market is characterized by a diverse and competitive landscape that includes a variety of players ranging from large multinational corporations to small local producers.

The growing demand for healthy and natural food products across the globe has significantly enhanced the market for olive oil, which is recognized for its numerous health benefits and culinary uses.

Factors such as increasing consumer awareness regarding the advantages of incorporating olive oil into diets, along with rising trends towards Mediterranean cuisine, have paved the way for heightened competition among key brands.

The market has also seen innovation in product offerings, packaging, and distribution methods, as manufacturers aim to attract health-conscious consumers while strengthening their brand presence and market share.

Pernod Ricard has established a strong foothold in the Olive Oil Market through its commitment to quality and sustainability. The company's position is bolstered by its effective marketing strategies and its ability to capitalize on the growing trend of premium products.

Its reputation for producing high-quality olive oil is supported by stringent quality control processes and sourcing from the finest regions known for their olives. Pernod Ricard’s strengths lie in its global distribution network, allowing it to reach a wide range of markets effectively.

Additionally, the company benefits from leveraging its established brand heritage and expertise in the food and beverage sector, fostering consumer trust and loyalty in a highly competitive environment.

California Olive Ranch has made its mark in the Olive Oil Market by emphasizing premium quality products sourced from California and other regions known for olive cultivation.

The company specializes in producing extra virgin olive oil and offers a range of products appealing to health-conscious consumers.

Its strong marketing campaigns and focus on cultivating a direct relationship with olive growers enhance its ability to maintain high standards of quality and traceability.

California Olive Ranch has strategically expanded its market presence through various partnerships and collaborations, ensuring its products reach a global audience.

The company continues to innovate and adapt to consumer preferences, which, combined with its commitment to sustainability and environmentally friendly practices, solidifies its position as a leader in the olive oil space.

Key Companies in the Olive Oil Market market include

Industry Developments

The Olive Oil Market has experienced several noteworthy developments recently. In October 2023, California Olive Ranch announced its strategic plans to expand its product line, focusing on organic and sustainably sourced oils, reflecting the increasing consumer demand for healthier and eco-friendly options.

In the same month, Deoleo, known for its diverse olive oil brands, reported strong financial results, highlighting the growing global appetite for premium olive oils.

Notably, in September 2023, Minerva launched a new marketing campaign aimed at increasing brand visibility in North America, driven by rising imports and consumer interest in Mediterranean diets.

There was a significant merger announced between Barilla and another major player specializing in gourmet products, which is set to enhance their market footprint and product offerings in the olive oil sector, expected to finalize in early 2024.

Additionally, prices in the olive oil market have been affected by fluctuating harvest yields, especially in Mediterranean countries, with notable companies like Bertolli and Filippo Berio adjusting their pricing strategies to remain competitive.

The demand for high-quality olive oil continues to rise, driven by health-conscious consumers and culinary trends emphasizing premium ingredients in global cuisine.

Future Outlook

Olive Oil Market Future Outlook

The Global Olive Oil Market is projected to grow at a 3.44% CAGR from 2024 to 2035, driven by rising health consciousness, premiumization, and sustainable practices.

New opportunities lie in:

Develop organic and specialty olive oil lines to cater to health-conscious consumers. Leverage e-commerce platforms for direct-to-consumer sales, enhancing market reach. Invest in sustainable farming technologies to improve yield and reduce environmental impact.

By 2035, the Global Olive Oil Market is expected to achieve robust growth, reflecting evolving consumer preferences and sustainable practices.

Market Segmentation

Olive Oil Market Type Outlook

{""=>["Bottles"
"Cans"
"Tetra Packs"
"Bulk Containers"]}

Olive Oil Market End Use Outlook

{""=>["North America"
"Europe"
"South America"
"Asia Pacific"
"Middle East and Africa"]}

Olive Oil Market Regional Outlook

North America
Europe
South America
Asia Pacific
Middle East and Africa

Olive Oil Market Packaging Type Outlook

{""=>["Supermarkets/Hypermarkets"
"Convenience Stores"
"Online Retail"
"Specialty Stores"]}

Olive Oil Market Distribution Channel Outlook

{""=>["Household"
"Food Service"
"Industrial"]}

Report Scope

Report Attribute/Metric	Details
Market Size 2023	3.66(USD Billion)
Market Size 2024	3.79(USD Billion)
Market Size 2035	5.5(USD Billion)
Compound Annual Growth Rate (CAGR)	3.44% (2025 - 2035)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Base Year	2024
Market Forecast Period	2025 - 2035
Historical Data	2019 - 2024
Market Forecast Units	USD Billion
Key Companies Profiled	Pernod Ricard, California Olive Ranch, Mann's, Barilla, Minerva, Fuchs Petrolub, La Tourangelle, Deoleo, Acetum, Filippo Berio, Colavita, Bertolli, Gallo Family Estates, Sierra Nevada, Kraft Heinz
Segments Covered	Type, Packaging Type, Distribution Channel, End Use, Regional
Key Market Opportunities	Rising health consciousness among consumers, Increasing demand for organic products, Expansion of premium olive oil brands, Growth of e-commerce channels, and Emerging markets in Asia and Africa.
Key Market Dynamics	rising health consciousness, increasing demand for organic, fluctuating olive oil prices, regional production variability, competitive global landscape
Countries Covered	North America, Europe, APAC, South America, MEA