Future Growth Pathways Unfolding for the Olive Oil Market by 2032

Market Overview

The olive oil market is experiencing steady growth worldwide, fueled by rising health awareness, the popularity of the Mediterranean diet, and increasing demand for natural and nutrient-rich cooking ingredients. Known for its rich flavor, nutritional value, and versatile applications, olive oil is widely regarded as a healthy cooking oil, making it a staple in kitchens across the globe.

The global Olive Oil Market was valued at USD 13.3 billion in 2024 and is projected to grow at a CAGR of 5.20% from 2025 to 2034.

Market Scope

The olive oil market can be examined across four major dimensions:

  1. Mediterranean Diet Influence
    The growing global popularity of the Mediterranean diet, known for its health benefits, is driving significant demand for olive oil as a core ingredient.

  2. Extra Virgin Olive Oil Demand
    Increasing preference for high-quality, natural oils is fueling strong growth in the extra virgin olive oil segment, which is prized for its purity and rich flavor.

  3. Healthy Cooking Oil Trends
    Rising consumer focus on wellness and natural food choices is positioning olive oil as the preferred healthy cooking oil across multiple cuisines.

  4. Cold-Pressed Olive Oil Innovation
    Demand for artisanal and premium oils has boosted the market for cold-pressed olive oil, which appeals to health-conscious and gourmet consumers.


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Market Opportunities

The olive oil market presents numerous opportunities for producers, distributors, and retailers. Four key growth opportunities include:

  1. Health and Wellness Movement
    With rising awareness of lifestyle diseases, demand for olive oil as a healthy cooking oil continues to increase, especially in urban and health-conscious populations.

  2. Expansion of Premium Product Lines
    The rising popularity of gourmet food and specialty oils creates opportunities for producers to offer premium categories such as extra virgin olive oil and infused oils.

  3. Adoption of Cold-Pressed Olive Oil
    Consumers seeking minimally processed and nutrient-rich oils are driving demand for cold-pressed olive oil, opening opportunities in the organic and specialty retail segments.

  4. Growth in Emerging Markets
    Rising disposable incomes and changing food habits in Asia-Pacific and Latin America are expanding opportunities for introducing olive oil into non-traditional markets.


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Regional Analysis

The olive oil market demonstrates strong regional variations, shaped by production capacity, consumption patterns, and culinary traditions.

  • Europe
    Europe dominates the global olive oil market, both as a leading producer and consumer. Countries in the Mediterranean region, where the Mediterranean diet is a cultural staple, continue to drive strong demand for olive oil, especially extra virgin olive oil.

  • North America
    North America is witnessing rising demand, fueled by health-conscious consumers and growing culinary interest in Mediterranean-inspired dishes. Adoption of olive oil as a healthy cooking oil is increasing across retail and foodservice channels.

  • Asia-Pacific
    The Asia-Pacific region is the fastest-growing market due to rising disposable incomes, urbanization, and increased awareness of international cuisines. Markets such as China, Japan, and India are adopting cold-pressed olive oil in both cooking and skincare applications.

  • Latin America and Middle East & Africa
    These regions are experiencing gradual adoption, supported by growing awareness of health benefits and rising demand for premium oils. Expansion of modern retail and e-commerce platforms is further boosting consumption.


Key Companies

  • Borges INTERNATIONAL GROUP, S.L.U.

  • California Olive Ranch, Inc.

  • Cargill

  • Conagra Brands

  • Del Monte Foods Private Limited

  • Deoleo

  • GRUPPO SALOV

  • Modi Naturals Ltd.

  • POMPEIAN

  • SOVENA


Future Outlook

The future of the olive oil market is bright, with several emerging trends expected to define its growth trajectory:

  1. Mainstream Adoption of the Mediterranean Diet
    As the Mediterranean diet continues to be recognized globally for its health benefits, olive oil will remain at the center of this movement, driving consumption across new demographics.

  2. Premiumization of Extra Virgin Olive Oil
    Consumers are increasingly willing to pay more for authentic, high-quality extra virgin olive oil, ensuring steady growth in the premium category.

  3. Sustained Demand for Healthy Cooking Oils
    The global shift toward wellness and plant-based diets will further solidify olive oil’s position as the preferred healthy cooking oil.

  4. Rising Popularity of Cold-Pressed Oils
    Growing consumer interest in artisanal, nutrient-rich, and minimally processed products will continue to drive demand for cold-pressed olive oil, especially in gourmet markets.


Conclusion

The olive oil market is undergoing steady expansion as consumers worldwide increasingly embrace healthier diets, premium culinary experiences, and sustainable food choices. With its close association with the Mediterranean diet, rising demand for extra virgin olive oil, reputation as a healthy cooking oil, and growing interest in cold-pressed olive oil, the market is well-positioned for long-term growth.

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