Olive Oil Market Size, Growth, and Trends 2025 to 2034

Olive Oil Market Size, Share and Growth Outlook 2034

The global olive oil market size reached at USD 18.62 billion in 2024 and is predicted to increase from USD 19.76 billion in 2025 to nearly reaching USD 33.66 billion by 2034, witnessing a CAGR of 6.1% during the forecast period from 2025 to 2034. Rising health consciousness, culinary popularity in Mediterranean cuisines, and expanding uses in personal care and other industries driving the market.

Key Highlights

• By region, Europe dominated the olive oil market with the largest share in 2024.
• By region, Asia Pacific is expected to grow at a notable CAGR from 2025 to 2034.
• By type, extra virgin olive oil (EVOO) segment held the major market share in 2024.
• By type, organic olive oil segment is expected to grow at a significant CAGR in between 2025 and 2034.
• By flavor/infusion, regular / non-flavored segment contributed the biggest market share in 2024.
• By flavor/infusion, flavored / infused segment is expanding at a significant CAGR in between 2025 and 2034.
• By application, food & beverage segment dominated the olive oil market in 2024. 
• By application, cosmetics & personal care segment is expected to grow at a significant CAGR over the projected period.

Industry Coverage

What are the Factors Driving the Olive Oil Market?

The market covering production, processing, packaging, and distribution of olive oil derived from the fruit of the olive tree, encompassing extra virgin, virgin, refined, and blended varieties. Olive oil is recognized as one of the most flavorful and healthier cooking raw materials in the culinary landscape. Renowned for its versatility, nutritional profile, and taste, this edible oil offers various several health benefits, making it a popular choice among consumers. Key growth drivers include increasing health awareness among consumers, the versatility of olive oil in the food and beverage and personal care industries, and its widespread use in culinary trends. 

What are the Trends in the Olive Oil Market?

• In recent years, cooking habits have shifted significantly, and a growing number of households are opting for home cooking more than before. This trend is mainly driven by the growing awareness of mindful eating, which enhances the dependence on nutritious ingredients. Olive oil, in comparison to other cooking oils like coconut and mustard, contains significant antioxidant compounds, and only a few antioxidants are recognized for their anti-inflammatory properties. 
• The premiumization of olive oil extends beyond just monovarietal olive oils. Shoppers are equally keen on high-end items that try out unique tastes. Olive oil products are increasingly infused with aromatic elements such as garlic and chili, and flavors like lime, truffle, pesto, curry, and rosemary have gained popularity. 
• The trend for organic olive oil shows that consumers are ready to spend more on superior quality oils, and they are also concerned about the authenticity of the products. An increasing number of consumers are focused on origins and production areas of olive oil, affecting their market viability. 

Market Opportunity 

Growing Use in Olive Oil in Non-Food Sectors 

The use of olive oil in non-food sectors, especially within cosmetics and pharmaceuticals, is growing swiftly, offering a new growth opportunity for the market. Olive oil is commonly included in skincare items because of its hydrating qualities and its abundance of antioxidants, which support skin wellness. The prevailing natural and organic beauty trends in the cosmetics industry are driving manufacturers to include olive oil in a range of cosmetic items. Furthermore, its use in the pharmaceutical industry is increasing as olive oil serves as a carrier oil and in products designed to combat lifestyle-related diseases. This demand across various industries is creating new chances for the olive oil market to expand and diversify. 

Market Challenge 

Fluctuations in Weather Conditions

A significant challenge affecting the global market is fluctuations in weather conditions. Abrupt changes in temperature, particularly increases in temperature, may lead to heat stress in olive trees and yield low-quality oil. Additionally, water shortage is another challenge encountered by edible oil manufacturers as it impacts the oil content and quality while reducing olive tree productivity. Besides this, extreme weather events (storms/heatwaves) and alterations in precipitation patterns can also jointly restrict the global oil production rate.

Regional Insights 

Europe Dominated the Olive Oil Market in 2024. 

Europe ranks among the top producers of olive fruit oil worldwide. Spain, Italy, Greece, and Portugal, notable producers in the region. There has been a significant trend toward the consumption of premium and extra virgin olive oil (EVOO). Health-aware consumers are emphasizing quality instead of quantity, opting for organic and sustainably made olive oils. This trend is especially prominent in Western Europe, where ethical sourcing and environmental effects are significant buying considerations. Private-label olive oils are increasingly becoming popular in European supermarkets. Retail chains are putting money into their own branded items, providing competitive pricing and quality guarantees. This change is advantageous for consumers by offering a broader selection of choices at various price levels, while simultaneously heightening competition among well-known olive oil companies. 

• The olive oil production in the European Union is expected to rebound in the 2024/2025 season, with a forecasted rise of 31% after two years of reduced output and peak prices. Output is projected to hit 2 million tonnes, resulting in greater product availability and lower prices, which may stimulate a 7% rise in consumption. (Source: Tridge)

Spain Olive Oil Market

The olive oil market in Spain serves as a global standard, firmly established in the nation's extensive agricultural history and its status as the biggest producer and exporter of olive oil worldwide. Market factors include the rising worldwide appeal of Mediterranean food, which prominently features olive oil, and the heightened recognition of its health advantages, like lowering cardiovascular risks and offering antioxidants. The food service industry, especially in Spain, fuels demand as restaurants and catering providers emphasize premium olive oils to fulfill consumer preferences. Additionally, support from the government and subsidies from the European Union have strengthened production and export abilities, maintaining Spain's competitiveness in the international market. 

• Spain has emerged as the top nation in the production, sale, and export of olive oil, averaging 1,400,000 tons sold per year in recent years, with 60% allocated for export. Olive oils represent the third largest food export of nation, accounting for 10% of the overall sales from our agricultural sector. (Source: Olive Oils From Spain)

Asia Pacific expects the significant growth during the forecast period. In the Asia-Pacific area, the growing use of olive oil is due to riding health consciousness and rising disposable income. This trend is driven by an increasing recognition of the health advantages of olive oil, particularly its rich monounsaturated fat and antioxidant levels, which promote heart wellness and decrease inflammation. Health-minded individuals in nations such as China, Japan, and India are progressively adding olive oil to their meals, utilizing it for both cooking and as a dressing for salads and various dishes. The trend becomes clear as middle-income households and wealthy consumers in these countries progressively include refined and virgin olive oil in their meals. 

India Olive Oil market

Olive oil market in India expanding significantly. Demand is driven by the affluent class and the working, urban middle classes, who are becoming more focused on healthy eating and are starting to incorporate olive oil into their meals. Although large cities continue to be the main influencers of the market in India, other smaller cities have experienced notably faster growth, attributed to the economic development the nation is undergoing. The growing prevalence of lifestyle diseases such as diabetes, heart issues, and obesity has led to a higher demand for healthier cooking oils, propelling the India olive oil market swiftly. Notable olive oil brands in India are Figaro, Borges, Disano, Del Monte, and Oleev, commonly found online and at retailers. Additional brands to explore include Jivo, Abbie's, and Puro, alongside an increasing range of specialty and artisanal choices also accessible

Segmental Insights 

Type Insights

Why did the Extra Virgin Olive Oil Segment Dominate the Olive Oil Market in 2024?

Extra virgin olive oil segment led the olive oil market in 2024. Consumers are placing greater importance on natural and organic food items, and EVOO is commonly viewed as a superior, premium oil that matches these health-focused choices. Extra virgin olive oil is free from any chemical or artificially created components, which has made it extremely popular in the food industry. The most typical use of EVOO can be seen in dips and as a liquid component poured over food items. 

Organic Olive Oil Segment is Seen to Grow at a Notable Rate During the Predicted Timeframe. 

Recent years have shown considerable growth in the organic olive oil, driven by increasing consumer demand for healthier and sustainably sourced food items. The demand for organic olive oil is predicted to keep increasing in the next few years, since consumers are becoming more conscious of the advantages of organic food items and are looking for healthier options to conventional cooking oils. Organic Olive Oil is made from olives cultivated without synthetic pesticides or fertilizers and processed using exclusively natural techniques. 

Flavor/Infusion Insights

What Made the Regular/Non-Flavored Segment Dominant in the Olive Oil Market in 2024?

Regular/non-flavored segment dominated the market with the largest share in 2024. This is attributed to its versatility and gentle flavor, making it ideal for various cooking uses such as sautéing and baking, without overshadowing other components. Its wide culinary versatility, in contrast to the more specialized, strongly flavored extra virgin olive oil. The growing trend of home cooking and healthy eating has made olive oil a household essential, and the adaptable, mild character of refined olive oil makes it an ideal option for daily consumption. 

Flavored/Infused Segment is Expected to Grow at the Fastest Rate in the Market During the Forecast Period.

Driven by the rising consumer interest in nutritious and tasty alternatives to conventional cooking oils. Infused olive oil, created by soaking a variety of herbs, spices, and flavorings in premium olive oil, provides not only flavor enhancement but also possible health advantages. Innovations in infusion technology, like cold extraction and micro-encapsulation, allow producers to maintain fragile flavors and bioactive elements, improving the sensory and nutritional qualities of products.

Application Insights

Which Application Segment Dominated the Olive Oil Market in 2024?

Food & beverage segment held the largest share of the market in 2024. This sector greatly advantages from the common use of olive oil in cooking, baking, and as a dressing, due to its acknowledged health advantages and robust taste. Olive oil plays a crucial role in Mediterranean cooking and is gaining popularity worldwide in diets aimed at promoting heart health and longevity. Moreover, restaurants and cafes, along with food producers, extensively utilize olive oil to develop diverse menus and meet consumer preferences for natural high-quality products. The rise in gourmet and artisanal products also elevates the need for premium extra virgin olive oils, particularly in gourmet foods and high-end brands. 

Cosmetics & Personal Care Segment is Observed to Grow at the Fastest Rate During the Forecast Period. 

Owing to their abundant nutritional advantages and alignment with increasing consumer preferences for natural, organic, and health-focused items. With rising health awareness among consumers, there is a clear trend moving from artificial ingredients to natural substitutes. Olive oil, recognized for its hydrating and antioxidant qualities, aligns perfectly with this trend. The beneficial effects of olive oil on heart health, cholesterol levels, and its anti-inflammatory qualities contribute to its popularity in dietary supplements and wellness items. 

Olive Oil Market - Value Chain Analysis 

Raw Material Procurement 

• Raw material procurement for the olive oil market centers on olives, which are harvested from November to March from trees in regions with suitable climate. Businesses can directly source from growers or co-operatives to maintain control over quality and supply.

Processing and Preservation 

• Olive oil processing focuses on rapid, cold-press extraction to preserve quality, including washing, crushing into paste, malaxation to merge oil droplets, and high-speed centrifuges to separate oil from solids and water, after that filtration to remove particles and prevent fermentation. Preservation in the market relies on hermetically sealed, dark glass or metal containers to limit oxidation from air, light, and heat. 

Certification Required for Olive Oil 

• Key certifications include European Geographical Indications (PDO/PGI), ensuring origin and quality linked to a specific region, and organic certifications, which confirm adherence to organic farming and production methods. Other programs, like the North America Olive Oil Association (NAOOA) Certified Seal, test oils for purity and adherence to International Olive Council (IOC) standards. 

Packaging of Olive Oil 

• Olive oil packaging focuses on protecting the product from light, air, and heat, using materials like opaque glass bottles, tin cans, or bag-in-box systems. Consumers are increasingly favoring sustainable packaging options, making environmentally friendly materials and designs a growing trend.

Marketing of Olive Oil 

• Key marketing strategies include digital campaigns, social media collaborations with influencers, participation in farmers' markets, and emphasizing health benefits, product authenticity, and sustainable practices to build brand trust. 

Recent Developments in the Olive Oil Market

Corto

• Launch: In September 2025, Corto, the 100% California-sourced olive oil favored by chefs across the country, has launched its eagerly awaited Agrumato-Method Olive Oil Gift Set that includes two unique, limited-edition olive oils: Calabrian Chili for savory meals and Lemon Verbena for desserts. Oils made using the Agrumato method are created by cold-extracting freshly picked olives together with fresh seasonal elements. (Source: GlobeNewsWire)

Wikifarmer

• Announcement: In July 2025, the online agricultural platform Wikifarmer, based in Athens and Seville, announced the initiation of its operations in the UK. The initiative aims to streamline and lessen the expenses of importing Mediterranean olive oil by linking UK buyers directly to producers in Spain, Greece, and Italy. The choice comes after a significant drop in Spanish olive oil prices and an increase in olive oil imports to the UK, indicating higher demand. (Source: iGrow News)

O Olive Oil & Vinegar

• Launch: In June 2025, O Olive Oil & Vinegar, a groundbreaking California olive oil maker recognized for its handcrafted crushed olive oils and wine vinegars, unveiled the debut California Organic Extra Virgin Olive Oil offered in a chef-style squeeze bottle. This new style, neat, practical, and designed for contemporary kitchens, comes alongside the launch of a California Premium Extra Virgin Olive Oil in the identical bottle design. (Source: PR Newswire)

Olive Oil Market Leading Companies

• Deoleo S.A. (Spain – Bertolli, Carbonell, Carapelli brands) 
• Sovena Group (Portugal)
• Borges International Group (Spain) 
• Grupo Ybarra Alimentación (Spain) 
• Colavita S.p.A. (Italy/USA)
• Pompeian, Inc. (USA)
• Filippo Berio (Salov Group – Italy) 
• Minerva S.A. (Greece)
• Cargill, Incorporated (USA) – olive oil ingredients supply 
• NutraBien (Chile) 
• Gallo Worldwide (Portugal) 
• Monini S.p.A. (Italy) 
• Oleificio Zucchi S.p.A. (Italy) 
• O-Med Oils (Spain) – premium artisanal producer 
• Terra Creta S.A. (Greece) 

Segments Covered in the Report

By Type/Grade 

• Extra Virgin Olive Oil (EVOO) 
• Virgin Olive Oil 
• Refined Olive Oil 
• Organic Olive Oil 
• Olive Pomace Oil 

By Flavor/Infusion 

• Regular/non-flavored 
• Flavored/infused (garlic, chili, herb, citrus, truffle) 

By Application/End-use Industry 

• Food & Beverage (cooking, dressing, bakery, sauces, processed foods) 
• Cosmetics & Personal Care (skin care, hair care, soaps, lotions) 
• Pharmaceuticals & Nutraceuticals (capsules, functional foods) 
• Industrial (lubricants, soaps, oleochemicals) 

By Region

• North America
• Europe
• Asia Pacific
• Middle East and Africa (MEA)
• Latin America