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Olive Oil Market Size And Revenue Outlook Through 2030
The olive oil market has shown significant expansion in recent years. It is projected to grow from $13.49 billion in 2025 to $14.23 billion in 2026, exhibiting a compound annual growth rate (CAGR) of 5.5%. This historical growth can be ascribed to the increasing adoption of Mediterranean diets, the enlargement of olive cultivation regions, heightened consumer awareness concerning healthy fats, extensive culinary applications in households, and deeper penetration into foodservice channels.
The olive oil market is anticipated to experience robust expansion over the coming years. This market is projected to reach $18.21 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.4%. Factors contributing to this growth during the forecast period include a rising demand for organic food, increased incorporation of olive oil into personal care items, the spread of premium food consumption, an enhanced focus on sustainable farming, and the greater adoption of digital traceability. Key trends anticipated for the forecast period encompass an escalating demand for extra virgin olive oil, a growing inclination towards organic olive oil products, the broadening of premium and artisanal olive oil sectors, a heightened emphasis on traceability and origin labeling, and the broadening of culinary and cosmetic uses.
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Olive Oil Market Opportunity Drivers: What’s Unlocking New Revenue Potential?
The olive oil market is expected to experience growth in the coming years, driven by an anticipated rise in olive oil production. Olive oil, a liquid fat derived from olives—the fruit of the olive tree (Olea europaea)—serves as a widely appreciated cooking oil and a foundational element in numerous culinary and cultural traditions. An increase in olive oil output carries various implications for the olive oil sector, influencing market supply, product availability, price stability, innovation, and research, thereby impacting a range of stakeholders and different facets of the industry. Illustratively, in June 2023, Oils and Fats International, a UK-based oil and fats trade publication, reported that olive oil output is forecast to reach 3.2 million metric tons in 2023–24. This figure marks a 24% increase from the previous year’s record low harvest and aligns closely with the five-year average of 3.14 million metric tons. Thus, the expansion in olive oil production acts as a significant catalyst for the olive oil market.
Olive Oil Market Segmentation And Category Overview
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 Shaping Future Development
Leading companies in the olive oil market are making investments, such as Certified Origins’ commitment to establishing a production facility in the US, to meet the rising demand for its branded and private-label items. Certified Origins invested in setting up a manufacturing plant in the United States. This operation will involve olive oil mixing, bottling, packaging, and distribution, ultimately resulting in the creation of 30 new jobs. For instance, in March 2023, Certified Origins, an Italy-based extra virgin olive oil company, announced a $25 million investment to inaugurate its initial production plant in the United States. Located at 230 Pickett’s Line in Oakland Industrial Park, the company’s new facility will choose and export high-quality extra virgin olive oils via the Port of Virginia to provide artisan blends and specialized packaging solutions for both local and worldwide markets. Virginia won the bid for this undertaking over Maryland, an initiative that is projected to create 30 new jobs.
Olive Oil Market Competitive Analysis Of Leading Industry Participants
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 Landscape: Which Region Leads Industry Growth?
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.
