Olive Oil Market to Grow at a CAGR of 6.04% During the Forecast Period; Increase in Health-Conscious Consumers to Fuel Market Expansion

The global olive oil market size was valued at USD 19,416.85 million in 2024. The market is predicted to rise from USD 20,314.68 million in 2025 to USD 30,631.81 million by 2032, exhibiting a CAGR of 6.04% during the forecast period.

Fortune Business Insights™ presents this information in its report titled, "Olive Oil Market Size, Share & Industry Analysis, By Type (Refined/Pure, Virgin, and Others), By End-user (Household/Retail, Foodservice, Food Manufacturing, and Others), By Distribution Channel (Offline and Online), and Regional Forecast, 2025-2032".  

Olive oil is extracted solely from the olive fruit, as compared to the other various oils that are extracted either by means of solvents or re-esterification procedures, and any blend with oils of another type. Increasing prominence on the quality of the food consumed and a rise in health-conscious consumers are the key aspects fueling the growing olive oil consumption globally.

Key Players Offer an Extensive Variety of Products to Propel Market Development

In April 2023, "Colavita" and "Curation Foods," declared the completion of a transaction through which "Colavita" acquired an Olive Oil & Vinegar brand and business assets, the "O." The O brand is one of the famous brands in the U.S. retail market for Organic Extra Virgin Olive Oil, Champagne Vinegar, and Sherry Vinegar. The brand also offers an extensive variety of high-quality olive oil and vinegar items.

Growing Consumer Awareness About Conscious Eating to Propel Market Growth

In recent years, there has been a drastic shift in cooking behavior along with a significant preference for home cooking practices, owing to increasing awareness of conscious eating, which in turn boosts the reliance on healthy ingredients. Currently, there is a growing awareness among consumers of the benefits of a healthy diet, and as a result, they are looking for ways to enhance their diet. This comprises choosing safe ingredients and prioritizing organic options, such as olive oil. Moreover, the growing consumption of the Mediterranean diet, owing to the presence of healthy fats and plant-centric products, is fueling the market.

However, unreliable climatic conditions, along with water scarcity, are restricting the olive oil market growth.

Notable Players Emphasize Expanding Their Market Presence to Gain a Larger Consumer Base

The presence of numerous notable players spread across Europe and the Middle East makes it an extensive market. These players are highly emphasizing growing their geographical footprint to gain a larger consumer base, which, in turn, contributes to market expansion. For instance, in July 2020, Sovena Group entered the Chilean market after acquiring a 24.6% stake in a regional company, Soho. Moreover, other key players, such as Borges S.A., Salov S.p.A., and Deoleo S.A., are directed toward strategic mergers, acquisitions, and partnerships to gain a competitive advantage.

Notable Industry Development

• March 2021: The Papadopoulos Group declared the acquisition of "Eteo Goods L.P.," the luxury goods company based in Athens, Greece. Eteo is an expert in fine, handcrafted, luxury products such as premium extra virgin olive oil.

List of the Companies Profiled in the Report

• Salov S.p.A. (Italy)
• Deoleo S.A. (Spain)
• Sovena Group (Portugal)
• Del Monte Foods, Inc. (U.S.)
• Cargill, Inc. (U.S.)
• California Olive Ranch (U.S.)
• Pompeian (U.S.)
• Modi Natural Ltd. (India)
• Borges International Group (Spain)
• Catania Oils (U.S.)

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/industry-reports/olive-oil-market-101455

Further Report Findings

• Europe held the dominating olive oil market share due to the maximum olive tree cultivation and production in the region. Italy and Spain are the main nations manufacturing and supplying Olea europaea fruit oil to numerous countries in other regions. The surging consumption of functional foods has increased the demand for Olea europaea fruit oil across the food manufacturing industry in Europe.
• Market growth in North America is attributed to a rising preference for healthy oils as consumers seek to prevent lifestyle-related health conditions from hectic lifestyles. Studies to substantiate the advantageous effects of olive fruit oil consumption on health have lead to advancements in the region. The demand for Olea europaea fruit oil for nutraceuticals and pharmaceutical sectors in the region is increasing owing to the growing popularity of dietary supplements to maintain overall health and wellness.
• In terms of type, the virgin segment led the market, owing to its growing popularity among consumers due to its health advantages. The presence of Omega-3 and oleic acid in virgin oil aids in preventing lifestyle-related disorders, including obesity and cardiovascular diseases.
• Based on end-user, the household/retail segment dominated the market share. The rising demand for olive fruit oil for household cooking propels segment growth. Increasing consciousness among consumers regarding the oil's role in managing good health has substantially augmented the demand for numerous types of olive fruit oil in retail channels.

Table of Segmentation