Market Estimation & Definition
The Olive Oil Industry reached a valuation of USD 11.29 billion in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 6.13% from 2025 to 2032. By the end of this period, the market is expected to achieve a value of USD 18.17 billion. Olive oil, derived from the pressing of fresh olives, is highly prized for its beneficial monounsaturated fats, antioxidants, and phenolic compounds. Its usage spans culinary, pharmaceutical, personal care, and cosmetic applications, driven by a global shift towards healthier and more natural products.
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Market Growth Drivers & Opportunities
Several factors are actively driving market growth:
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Rising Health Awareness: Consumers increasingly recognize olive oil’s role in promoting cardiovascular health, reducing bad cholesterol, supporting weight management, and contributing to metabolic and bone health. Its anti-inflammatory and antioxidant properties have further boosted its appeal.
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Diverse Application Spectrum: Beyond traditional culinary uses, olive oil is widely integrated into skincare, hair care, pharmaceutical formulations, and dietary supplements due to its nourishing and therapeutic benefits.
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Growth in Premium Segments: Virgin and extra-virgin olive oil categories are rapidly expanding as consumers prioritize quality and nutritional integrity.
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Expanding E-Commerce Distribution: The surge in online retail has made olive oil more accessible in both developed and emerging markets, exposing consumers to premium and specialty variants once restricted to niche stores.
Opportunities lie in expanding organic olive oil production, integrating traceability and authentication technologies, and leveraging digital platforms for direct consumer engagement.
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Segmentation Analysis
According to market segmentation:
Based on the Type, the global Olive Oil market is sub-segmented into Virgin olive oil, Extra-Virgin Olive Oil, Pomace Olive Oil, and Others. The Virgin olive oil segment held the largest market share of xx% in 2024. This is due to rising demand from health-conscious customers since it includes natural vitamins and minerals and is beneficial against cardiovascular disorders, osteoporosis (bones), elevated vital signs, diabetes, and Alzheimer’s disease. Also, the pomance olive oil segment held the 2nd largest market share of 6.13% in 2024. This is due to the fact that pomace olive oil is more affordable and widely available olive oil. Despite the fact that pomace olive oil has been processed, it is still seen as a superior option to other oils on the market and is thus in great demand when compared to other olive oils.
Based on the Application, the global Olive Oil market is sub-segmented into Food and Beverage, Pharmaceuticals, and Cosmetics. The Food and Beverage segment held the largest market share of 6.13% in 2024 and it is expected to grow at the highest CAGR of 6.13% in the global olive oil market during the forecast period. Consumers’ desire to live a healthy lifestyle has escalated the use of vegetable oil in a variety of food items as a cost-effective substitute. Vegetable oil is also used to season salads in order to preserve the antioxidants and phenols in vegetables and legumes. The product has become an important element of diabetic patients’ diets since it is the primary source of healthy fats for diabetics.
Regional Insights:
Asia Pacific is expected to grow at the highest CAGR of 6.13% in the global Olive Oil market during the forecast period. This signifies that throughout the projection period, the region will have the highest compound annual growth rate. This is due to an increase in the adoption of a healthier lifestyle, increased awareness of the health benefits of olive oil, and more personal discretionary money. Residents’ discretionary income increased by 5.8% in 2022, according to the State Council of the People’s Republic of China.
Europe held the largest market share of 39% in 2024. Due to the great output of olive fruit oil in this region, Europe dominates the olive oil industry, and this oil is widely utilized in Mediterranean cuisine. Italy and Spain, which produce a lot of olive fruit oil, are the main contributors to this region. Global olive oil output reached 2.87 million tonnes during crop decades 2005–2006 and 2021–2022, as per figures from the International Olive Council (IOC), with 72 percent of it generated in the European Union (EU).
Competitive Analysis
The olive oil market remains fragmented, with both global and regional players vying for market share. Prominent brands include
1.DEOLEO
2.SOVENA
3.BORGES INTERNATIONAL GROUP
4.Minerva
5.Gallo
6.Vendors covered
7.Vendor classification
8.Market positioning of vendors
9.AVRIL
10.Bright Food
11.Almazaras de la Subbetica SL
12.Salov SpA
13.Avenida Rafael Ybarra
14.Cargill
15.Rafael Salgado
16.World Excellent Productions S.A.
17.POMPEIAN.
18.MONINI
19.Antonio Celentano Extra Virgin Olive Oil
20.Colavita.
Press Release Conclusion
In conclusion, the global olive oil market is on a robust growth trajectory, driven by increasing health awareness, the premiumization of edible oils, and expanding applications beyond traditional food uses. With the market poised to grow from USD 11.29 billion in 2024 to USD 18.17 billion by 2032, key opportunities lie in organic and sustainable product segments, e-commerce expansion, and technological advancements in product traceability.
Both the United States and Germany present lucrative prospects, driven by health-conscious consumer bases and a growing appetite for authentic, high-quality olive oils. Market players investing in product differentiation, transparency, and sustainable practices are likely to secure a competitive edge in this dynamic, USD 18-billion global market.
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