Olive Oil Market Size, Share, Opportunities, And Trends, By Product Type (Virgin Oil, Refined Oil, Pomace Oil), By Production (Physical/Mechanical, Chemical), By Distribution (Online, Offline (Supermarkets, Hypermarkets, Others)), By Industry (Retail Households, Food and Beverage Industry, HoReCa Industry (Hotels, Restaurants and Catering), Others), And By Geography - Forecasts From 2025 To 2030

Olive Oil Market Size And Forecast

The Olive Oil Market is expected to grow at a compound annual growth rate of 8.08% over the forecast period to reach a market size of US$19.049 billion in 2030 from US$12.914 billion in 2025.

Olive oil is extracted from the olive fruit and is generally manufactured by physical or mechanical processes using grind, press, centrifuge, filtration, and various other methods. It can also be prepared chemically by using chemical solvents. However, using the olive oils produced by mechanical techniques under supervised conditions is often recommended. Olive oil is used in various industry verticals, such as food, cosmetics, and pharmaceuticals worldwide.

Olive oil has traditionally been an inevitable part of European and Mediterranean cuisine, gaining prominence globally. It has numerous benefits, such as treating cardiovascular diseases, cancer, diabetes, etc. The European government has often promoted olive oil by celebrating World Olive Day on 26th November and other marketing campaigns and trade associations such as the Spanish Olive Interprofessional.    

The market has been segmented based on the type into virgin oil, refined oil, standard oil, and crude oil; by production into mechanical and chemical. Based on distribution into business-to-business (B2B) and retail Individuals.

The nations abundant with olive as a natural resource, mainly beside the Mediterranean basin, are the largest producers of olive oil and its variants. However, other areas such as California, Argentina, Chile, Peru, South Africa, and Australia have favorable climates for olives and are recognized as olive oil producers.

According to the World Integrated Trade Solution (WITS), the top importers of olive oil and fractions in 2023 were the United States with 90,988,200 Kg imports, then Italy, followed by Spain with 34,832,100 Kg, the United Kingdom, and Portugal with 21,746,200 Kg of imports.

Secondly, the top importers of Virgin olive oil and fractions were Italy, the United States, Spain, the European Union, and France in 2023.

According to the Italian Institute for Agri-Food Statistics (ISMEA), the International Olive Oil Council (IOC), and the European Commission, the world olive oil production for the 2024/25 season could increase by 23% and by some 588,000 tonnes compared to the previous season, which stood at 2.51 million.

What are the drivers of the olive oil market?

• Innovative and higher-quality olive oil product offerings

The demand for olive oil is increasing at a constant rate within European and non-European countries. The manufacturers' rising demand calls for innovative product offerings, which are now serving olive oil with natural flavorings and added extracts such as garlic, chili, basil, truffle, and many others. The London International Olive Oil competition for the best-flavored olive oil category and high product quality supported the move.

• Mediterranean culture and cuisine are rising with international recognition.

Olive oil is an integral part of the Mediterranean diet and is recommended by official national dietary authorities for consumption under national dietary guidelines. Consuming olive oil also reduces the chances of cardiovascular diseases, diabetes, and cancer. There have been promotional projects taken by the European Commission to increase the use of olive oils internationally, such as Med Diet, which is promoted through the Mediterranean Virtual Museum, and Med Eat Research. Investments were made by the members of international associations such as Spanish Olive Interprofessional, which launched the Olive Oil World Tour Campaign. Great Olive Oil by the Greek Association of Industries and Processors of Olive Oil, Italian Consortium of Olive Oil Producers - The Perfect Food, was among several international promotional campaigns.

The olive oil market is segmented into five regions worldwide:

By geography, the olive oil market is segmented into North America, South America, Europe, the Middle East and Africa, and Asia Pacific. The major economies like China, Japan, India, and South Korea dominate the Asia-Pacific region. Some of the fastest-growing emerging economies are from this region, such as ASEAN countries.

The Asia Pacific region is expected to see notable growth in the olive oil market. In 2023, India imported 1,693,890 Kg of virgin olive oil and fractions. This growth in olive oil is due to the expanding cosmetic industry, increased domestic consumption, and changing lifestyle scenarios.

North America is expected to have a significant market share for olive oil. The United States import of virgin olive oil and fractions has expanded from US$1,184.129 million in 2021 to US$1,657.415 million in 2023. This increased consumption is due to the known benefits of richness in healthy monounsaturated fats.

With the changing food preferences, the olive oil trade has emerged in countries outside the European Union. However, Europe continues to exhibit stable demand of around 3-5% every year. Moreover, Australia, China, Japan, and Canada have also experienced strong demand and growth in the consumption of olive oil.

Major Restraints in the Olive Oil Market:

• Climate change is significant to the olive oil industry. Governments worldwide have been urging international allies to raise funds and alter environmental policies to cope with the problem of climate change as it may cause danger to many industry verticals, including the olive oil industry. The Mediterranean regions have shared concerns about olive oil industry shrinkage due to rising temperatures and decreasing water levels.
• The shrinkage and frequent fluctuations in olive oils have been debatable topics for global trade unions. There has been a constant need for innovation and a transparent mechanism for the traceability of olive oil to the place of origin, manufacturer, and marketer to protect the credibility and authenticity of olive oil.

Key developments in the olive oil market:

The major leaders in the Olive Oil market are Avril Group, Albert Heijn, Deoleo, Sovena, Borges, Minerva, and Gallo. These key players implement growth strategies such as product launches, mergers, acquisitions, etc., to gain a competitive advantage. For Instance,

• In May 2023, American olive oil brand Pompeian, Inc. debuted its Made Easy Olive Oil collection featuring four new cooking oils, including Made Easy Fry Olive Oil, Made Easy Bake Olive Oil, Made Easy Sauté Olive Oil, and Made Easy Drizzle Extra Virgin Olive Oil. The Pompeian Made Easy Olive Oils are made to simplify the shopping and cooking process. Pompeian set out to eliminate confusion surrounding olive oil usage.
• In February 2022, McEvoy Ranch unveiled its 2021 Harvest Estate-Produced Olive Oil.  It Produces world-class olive oil.  While their olive oil remains the highest quality and freshest in the US, their 2021 Harvest Olive Oil debuts with upgraded, renewed packaging and new flavors.

The Olive Oil Market is segmented and analyzed as below:

• By Product Type
  • Virgin Oil
  • Refined Oil
  • Pomace Oil
• By Production
  • Physical/ Mechanical
  • Chemical
• By Distribution
  • Offline
    • Supermarkets
    • Hypermarkets
    • Others
  • Online
• By Industry
  • Retail Households
  • Food and Beverage Industry
  • HoReCa Industry (Hotels, Restaurants, and Catering)
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Rest of the Middle East and Africa
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Taiwan
    • Thailand
    • Indonesia
    • Rest of Asia-Pacific

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base and Forecast Years Timeline

1.8. Key benefits for the stakeholders

2. RESEARCH METHODOLOGY  

2.1. Research Design

2.2. Research Process

3. EXECUTIVE SUMMARY

3.1. Key Findings

3.2. Analyst View

4. MARKET DYNAMICS

4.1. Market Drivers

4.1.1. Innovative and higher-quality olive oil product offerings 

4.1.2. Mediterranean culture and cuisine are rising with international recognition

4.1.3. Growing awareness about the health benefits of olive oil

4.2. Market Restraints

4.2.1. Climate change perilous to the olive oil industry

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. The Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5. OLIVE OIL MARKET BY PRODUCT TYPE

5.1. Introduction

5.2. Virgin Oil

5.3. Refined Oil

5.4. Pomace Oil 

6. OLIVE OIL MARKET BY PRODUCTION

6.1. Introduction

6.2. Physical/ Mechanical

6.3. Chemical 

7. OLIVE OIL MARKET BY DISTRIBUTION 

7.1. Introduction

7.2. Offline

7.2.1. Supermarkets

7.2.2. Hypermarkets

7.2.3. Others

7.3. Online

8. OLIVE OIL MARKET BY INDUSTRY

8.1. Introduction

8.2. Retail Households

8.3. Food and Beverage Industry

8.4. HoReCa Industry (Hotels, Restaurants, and Catering)

8.5. Others

9. OLIVE OIL MARKET BY GEOGRAPHY

9.1. Global Overview

9.2. North America

9.2.1. United States

9.2.2. Canada

9.2.3. Mexico

9.3. South America

9.3.1. Brazil

9.3.2. Argentina

9.3.3. Rest of South America

9.4. Europe

9.4.1. United Kingdom

9.4.2. Germany

9.4.3. France

9.4.4. Italy

9.4.5. Spain

9.4.6. Rest of Europe

9.5. Middle East and Africa

9.5.1. Saudi Arabia

9.5.2. United Arab Emirates

9.5.3. Rest of the Middle East and Africa

9.6. Asia-Pacific

9.6.1. China

9.6.2. India

9.6.3. Japan

9.6.4. South Korea

9.6.5. Taiwan

9.6.6. Thailand

9.6.7. Indonesia

9.6.8. Rest of Asia-Pacific

10. COMPETITIVE ENVIRONMENT AND ANALYSIS

10.1. Major Players and Strategy Analysis

10.2. Market Share Analysis

10.3. Mergers, Acquisitions, Agreements, and Collaborations

10.4. Competitive Dashboard

11. COMPANY PROFILES

11.1. Avril Group

11.2. Albert Heijn

11.3. Deoleo

11.4. Sovena

11.5. Borges

11.6. Minerva

11.7. Gallo

11.8. Urzante

11.9. Mercaoleo

Avril Group

Albert Heijn

Deoleo

Sovena

Borges

Minerva

Gallo

Urzante

Mercaoleo