PUBLISHER: The Business Research Company | PRODUCT CODE: 1668466
PUBLISHER: The Business Research Company | PRODUCT CODE: 1668466
Olive oil, a non-drying oil ranging from light yellow to green or yellowish in color, is extracted from olives. It boasts higher monounsaturated fat content and finds common use in salad dressings and cooking.
The primary types of olive oil include virgin olive oil, refined olive oil, extra virgin olive oil, and olive pomace oil. Virgin olive oil is derived from olives via cold pressing without undergoing processing. It is available in both conventional and organic variants, distributed through various channels such as business-to-business suppliers, supermarkets, hypermarkets, grocery stores, online retail platforms, and other avenues serving industries such as food processing, food service, cosmetics, personal care, pharmaceuticals, and similar end users.
The olive oil market research report is one of a series of new reports from The Business Research Company that provides olive oil market statistics, including the olive oil industry's global market size, regional shares, competitors with an olive oil market share, detailed olive oil market segments, market trends, and opportunities, and any further data you may need to thrive in the olive oil industry. This olive oil market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The olive oil market size has grown strongly in recent years. It will grow from$12.86 billion in 2024 to $13.59 billion in 2025 at a compound annual growth rate (CAGR) of 5.7%. The growth in the historic period can be attributed to cultural shifts towards healthier diets, rising demand for gourmet and specialty foods, increased recognition of olive oil's health benefits, expansion of olive oil production regions, and marketing and promotion of olive oil
The olive oil market size is expected to see strong growth in the next few years. It will grow to $17.13 billion in 2029 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to increasing global health consciousness, innovations in olive oil products, continued expansion of premium and specialty olive oil segments, environmental sustainability practices, and rising global culinary tourism trends. Major trends in the forecast period include shifting consumer preferences to premium and extra virgin olive oils, sustainable and organic production practices, globalization and increased international trade, technological innovations in olive oil production, regulatory standards, and quality assurance.
The olive oil market is expected to experience significant growth due to increasing demand within the food service and retail sectors. The food service industry, encompassing activities related to preparing and delivering meals away from home, alongside the retail industry, involved in direct sales to consumers, drives the heightened demand for olive oil. This versatile oil is a fundamental ingredient in various cuisines, utilized in both restaurant cooking and household food preparation. For example, the International Olive Council projected a 2.9% global consumption growth in olive oil for the harvest year 2021/22, totaling 3,214,500 tons, signifying the market's momentum driven by food service and retail demand.
The surge in olive oil production is set to propel market growth in the coming years. Olive oil, derived from olives, holds a significant place in culinary and cultural traditions worldwide. Increased production impacts various facets of the olive oil sector, influencing market supply, availability, pricing, innovation, and research efforts. Forecasts from Oils and Fats International indicate an expected olive oil output of 3.2 million metric tons in 2023-24, marking a 24% increase from the previous year's record low crop. This surge in production aligns closely with the five-year average, showcasing the influential role of increased output in driving the olive oil market.
A prominent trend in the olive oil market revolves around product innovation, with major companies focusing on developing novel offerings to fortify their market positions. For instance, Graza launched two innovative products-Drizzle and Sizzle-in January 2022. These products, utilizing Picual olives from Andalusia, Spain, offer distinct flavors and health benefits. Drizzle, extracted from early October-picked olives, boasts exceptional freshness and richness in polyphenols and antioxidants. Sizzle, harvested in December during the olives' prime growth, offers a unique blend of flavors with its purple and green-hued olives.
Significant investments in production facilities signify the market's growth trajectory. Certified Origins' $25 million investment in a US-based production plant, announced in March 2023, exemplifies this trend. The facility, situated in Oakland Industrial Park, Virginia, aims to meet the rising demand for high-quality extra virgin olive oils through artisan blends and customized packaging solutions. This venture is expected to create 30 new jobs and cater to local and global markets, showcasing a strategic move to meet escalating demand within the olive oil industry.
In April 2023, Colavita S.p.A., an Italy-based manufacturer of olive oil, acquired O Olive Oil & Vinegar for an undisclosed amount. Through the acquisition, Colavita's objective is to maintain the O Olive Oil & Vinegar brand's remarkable originality without compromising, while leveraging combined industry skills to raise the brand to a worldwide level. Colavita returns O Olive Oil & Vinegar to a family-owned business and culture after an interim period as a division of a public corporation. O Olive Oil & Vinegar is a US-based manufacturer of California extra virgin olive oil and handcrafted wine vinegar.
Major companies operating in the olive oil market include Cargill Incorporated, Deoleo S.A., Del Monte Food Inc., Gallo Worldwide, Borges International Group, Avenida Rafael Ybarra, Sovena Group, California Olive Ranch Inc., Salov S.p.A., Jaencoop Grupo, Colavita S.p.A, EU Olive Oil Ltd., Sun Grove Foods Inc., Oil Artajo SL, Aceites Sandua, Tucan Olive Oil Company Ltd., Domenico Manca S.p.A., Grampians Olive Co., Victoria Olive Oil Co., Les huiles d'olive Lahmar, Minerva Olive Oil, Castillo de Canena, Gaea Products S.A., Pompeian Inc., Lucini Italia Co., Agro Sevilla Group, Bellucci Premium, Costa d'Oro, Grupo Ybarra Alimentacion, Monini S.p.A.
Europe was the largest region in the olive oil market in 2024. 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, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the olive oil market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The olive oil market consists of sales of extra light olive oil, pure olive oil, lampante olive oil, and cold pressed olive oil. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Olive Oil Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on olive oil market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for olive oil ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The olive oil market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.