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Olive Oil Market Size Outlook: How Fast Will Revenue Grow Through 2030?
The olive oil market size has demonstrated robust growth in recent years. It is anticipated to expand from $13.49 billion in 2025 to $14.23 billion in 2026, achieving a compound annual growth rate (CAGR) of 5.5%. This historical expansion can be credited to the increasing embrace of Mediterranean diets, the enlargement of olive cultivation regions, heightened consumer understanding of healthy fats, its prominent use in home cooking, and its expanding presence within foodservice channels.
The olive oil market is anticipated to experience robust expansion over the coming years. It is projected to reach $18.21 billion by 2030, demonstrating a compound annual growth rate (CAGR) of 6.4%. This growth during the forecast timeframe is attributable to several factors, including the escalating demand for organic food items, the increased incorporation of olive oil into personal care product formulations, the expansion of premium food consumption, an enhanced emphasis on sustainable farming methods, and the wider adoption of digital traceability. Key trends identified for the forecast period encompass a surging demand for extra virgin olive oil, a growing inclination towards organic olive oil offerings, the enlargement of premium and artisanal olive oil categories, a heightened emphasis on traceability and origin labeling, and the broadening of its applications in both culinary and cosmetic sectors.
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Olive Oil Market Opportunity Drivers: What Is Creating New Revenue Potential?
The growth of the olive oil market in the coming years is projected to be propelled by an increase in olive oil production. Derived from olives, the fruit of the olive tree (Olea europaea), olive oil is a liquid fat commonly utilized in cooking and serves as a fundamental element in numerous culinary and cultural traditions. Enhanced olive oil output carries several implications for the olive oil sector, encompassing market supply, product availability, price stability, as well as innovation and research efforts, thereby influencing various stakeholders and facets of the industry. For instance, in June 2023, according to Oils and Fats International, a UK-based oil and fats trade publication, olive oil output is expected to reach 3.2 million metric tons in 2023–24, representing a 24% rise over last year’s record low crop and nearly on pace with the five-year average of 3.14 million metric tons. Consequently, the rising olive oil production is a significant driver for the olive oil market.
Olive Oil Market Segment Analysis And Revenue Opportunities
The olive oil market covered in this report is segmented –
1) By Type: Virgin Olive Oil, Refined Olive Oil, Extra Virgin Olive Oil, Olive Pomace Oil
2) By Nature: Conventional, Organic
3) By Distribution Channel: B2B Suppliers, Supermarket Or Hypermarket, Grocery Store, Online Retail, Other Distribution Channels
4) By End User: Food Processing, Food Service, Cosmetics And Personal Care, Other End Users
Subsegments:
1) By Virgin Olive Oil: Cold Pressed Virgin Olive Oil, Filtered Virgin Olive Oil, Unfiltered Virgin Olive Oil
2) By Refined Olive Oil: Light Refined Olive Oil, Refined Olive Oil Blend
3) By Extra Virgin Olive Oil: Organic Extra Virgin Olive Oil, Flavored Extra Virgin Olive Oil
4) By Olive Pomace Oil: Refined Olive Pomace Oil, Pomace Oil Blend
Olive Oil Market Innovation Trends Driving Future Development
Key players in the olive oil market are pursuing investments, exemplified by Certified Origins, to establish production facilities in the US to address the increasing demand for their branded and private-label offerings. Certified Origins committed capital to construct a manufacturing plant in the United States. This venture will cover olive oil mixing, bottling, packaging, and distribution processes, expected to create 30 new jobs. For instance, in March 2023, Certified Origins, an Italy-based extra virgin olive oil company, announced a $25 million investment to launch its first production facility in the United States. The company’s new site at Oakland Industrial Park, located at 230 Pickett’s Line, will facilitate the selection and export of high-quality extra virgin olive oils via the Port of Virginia, enabling the provision of artisan blends and custom packaging solutions for local and global markets. Virginia was selected over Maryland for this project, which is set to generate 30 new employment opportunities.
Olive Oil Market Leading Players Shaping Industry Direction
Major companies operating in the olive oil market are Deoleo S.A., Borges International Group, Sovena Group, Gallo Worldwide, Salov S.p.A., Colavita S.p.A., Monini S.p.A., Costa d’Oro, Pompeian Inc., Lucini Italia Co., Castillo de Canena, Minerva Olive Oil, Gaea Products S.A., Jaencoop Grupo, Aceites Sandua, Oil Artajo SL, Domenico Manca S.p.A., Bellucci Premium, Grampians Olive Co., Victoria Olive Oil Co., Les huiles d’olive Lahmar, Tucan Olive Oil Company Ltd.
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Olive Oil Market Geographic Distribution And Regional Opportunities
Europe was the largest region in the olive oil market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the olive oil market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.