Global Olive Oil Market Size to Reach USD 21.2 Billion by 2033, Driven by the Increasing Popularity of Plant-Based Diets

Global Olive Oil Market Statistics, Outlook and Regional Analysis 2025-2033

The global olive oil market size was valued at USD 15.1 Billion in 2024, and it is expected to reach USD 21.2 Billion by 2033, exhibiting a growth rate (CAGR) of 3.82% from 2025 to 2033.

One of the key factors driving the olive oil market is the increasing health consciousness among consumers. Olive oil, especially extra virgin olive oil, is renowned for its health benefits, such as reducing the risk of heart disease, promoting weight management, and possessing anti-inflammatory properties. The rise of health-conscious consumers, particularly in regions like Europe and North America, is fueling the demand for natural and healthier alternatives to cooking oils like vegetable and palm oil. According to USDA, global olive oil production for 2024/25 is projected to reach 3.1 million tons, marking a 27% increase from the previous year. Additionally, the growing adoption of Mediterranean diets, which emphasize the use of olive oil, is further strengthening the market growth. As people become more aware of the benefits of consuming olive oil for longevity and wellness, its popularity continues to expand, thus contributing to the market expansion.

Another significant driver in the olive oil market is the growing preference for organic and sustainably produced products. With rising concerns over the environmental impact of food production and the desire for transparency in food sourcing, consumers are increasingly opting for organic and eco-friendly olive oil. Organic olive oil, which is produced without the use of synthetic pesticides or fertilizers, aligns with consumers’ desire to make healthier, more sustainable choices. Furthermore, ethical production practices, such as fair trade and sustainable farming, are gaining traction, especially in premium olive oil categories. In line with this, Oliveoilsland, a leading Turkish producer with over 50 years of expertise, is introducing its premium olive oil to the global market. Oliveoilsland’s dedication to sustainable farming practices supports the local ecosystem and ensures the long-term health of olive groves, making it a key player in the growing demand for eco-conscious products. This shift in manufacturing practices and consumer preference is pushing producers to focus on eco-friendly packaging and sustainable farming methods, thereby aiding the market growth.

Global Olive Oil Market Statistics, By Region

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Europe accounted for the largest market share on account of high consumer demand for premium, extra virgin varieties, strong production, and increasing health-consciousness among consumers.

North America Olive Oil Market Trends:

The North America olive oil market is driven by increasing health consciousness, rising demand for natural and organic products, and the growing popularity of Mediterranean diets. Consumers are increasingly shifting toward premium, extra virgin olive oils, while sustainability and eco-friendly packaging also gain traction in the region, which is impelling the market growth.

Asia-Pacific Olive Oil Market Trends:

The Asia-Pacific olive oil market is experiencing growth due to rising awareness of health benefits, increasing adoption of Mediterranean diets, and the expansion of urban populations. The surging demand for premium and organic olive oils and the expanding product availability through retail and e-commerce channels in the region are boosting the market growth.

Europe Olive Oil Market Trends:

The market in Europe is driven by the steady demand for high-quality, extra virgin olive oils due to escalating health consciousness among consumers and the popularity of Mediterranean diets. There is a growing preference for organic and sustainably sourced products, aligning with the broader trend of eco-friendly consumer choices. Spain, Italy, and Greece dominate production, with consumers showing a strong inclination towards premium, traceable, and ethically produced oils. For instance, Italy and Spain are the EU's largest olive oil consumers, each using about 500,000 tonnes annually. Greece leads in per capita consumption, at around 12 kg per person, with the EU comprising 53% of global demand. Additionally, olive oil’s versatility in cooking and its perceived health benefits continue to drive its use in both traditional and contemporary cuisines across Europe, fostering market growth.

Latin America Olive Oil Market Trends:

The Latin America olive oil market is expanding due to rising health awareness and growing interest in Mediterranean diets. Consumers are increasingly opting for premium, organic olive oils. The market is also supported by improved distribution networks and the introduction of new olive oil varieties, enhancing accessibility and consumption.

Middle East and Africa Olive Oil Market Trends:

The Middle East and Africa olive oil market is growing as health-conscious consumers embrace the Mediterranean diet. Increased awareness of olive oil’s health benefits, coupled with rising disposable incomes, is driving demand. Furthermore, the region is seeing greater availability of premium and organic olive oil varieties through expanded distribution.

Top Companies Leading in the Olive Oil Industry

Some of the leading olive oil market companies include Artajo Oil, Borges International Group, S.L.U., California Olive Ranch Inc., Cargill Incorporated, Colavita SpA, Conagra Brands Inc., Del Monte Foods Inc. (Del Monte Pacific Ltd.), Deoleo, Domenico Manca S.p.a., EU Olive Oil Ltd., Gallo Worldwide, Gruppo Salov, Sovena Group among many others.

• In March 2024, California Olive Ranch (COR) launched its new Chef's Bottle, a squeezable packaging option for their premium extra virgin olive oil (EVOO). This new design offers greater pouring control and convenience, aligning with the brand’s commitment to quality and sustainability. Following the success of their recyclable aluminum bottle and 100% California EVOO Bag-in-Box, COR continues to innovate and meet consumer needs.

Global Olive Oil Market Segmentation Coverage

• On the basis of the type, the market has been categorized into virgin olive oil, refined olive oil, extra virgin olive oil, olive pomace oil, and others, wherein virgin olive oil represents the leading segment. Virgin olive oil is dominating due to its higher demand for its natural, unrefined qualities, which preserve its flavor, antioxidants, and health benefits. Consumers prefer virgin olive oil for its versatility in cooking and its association with health-conscious choices, such as anti-inflammatory and heart-healthy properties, making it the most sought-after type in the olive oil market.
• Based on the distribution channel, the market is classified into supermarkets and hypermarkets, convenience stores, online stores, and others. Amongst these supermarkets and hypermarkets dominate the market due to their widespread accessibility, large consumer footfall, and extensive product variety. These retail outlets offer a broad range of olive oil brands, including premium options, attracting a diverse customer base. Additionally, the ability to physically inspect products and the convenience of one-stop shopping drive higher sales through these channels.
• On the basis of the application, the market has been divided into food and beverage, pharmaceuticals, cosmetics, and others. Among these, food and beverage accounts for the majority of the market share. The demand from the food and beverage (F&B) segment is driven by the essential role of olive oil in cooking, food preparation, and dressing. Olive oil is widely used for its health benefits, flavor enhancement, and versatility in various cuisines, particularly in Mediterranean diets. Its widespread adoption across restaurants, households, and packaged food products contributes to its dominant market share.

Browse IMARC Related Reports on Olive Oil Market:

• Japan Olive Oil Market Report
   
• United States Olive Oil Market Report
   
• India Olive Oil Market Report