Olive Oil Market Valuation to Reach USD 21.2 Billion by 2033 - Industry Expanding at a CAGR of 3.82%

According to the latest report by IMARC Group, titled "Olive Oil Market Size, Share, Trends and Forecast by Type, Distribution Channel, Application, and Region 2025-2033", offers a comprehensive analysis of the industry, which comprises insights on the global Olive Oil Market. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

The global olive oil market size was valued at USD 15.1 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 21.2 Billion by 2033, exhibiting a (CAGR) of 3.82% during 2025-2033. The United States accounted for 85% of the olive oil market share in North America. The U.S has emerged as the second-largest consumer of olive oil globally, overtaking Spain for the first time in 2023, driven by increasing awareness of its health benefits, a shift towards Mediterranean dietary habits, and its versatility in culinary applications.

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Global Olive Oil Market Dynamics:

Rising Health Consciousness and Demand for Natural Products

The olive oil market across the world is witnessing a potent demand because of the rising health and the rise in preference towards natural and minimally processed foods. Such qualities as presence of large amounts of antioxidants, monounsaturated fats, and anti-inflammatory properties are well known about olive oil, especially extra virgin olive oil.
This has made it a regular at health diets like the Mediterranean one, which is a recommendation to be taken by nutritionists across the globe. With the increased awareness of consumers of the long-term effects of how what we eat, the trend has turned toward functional foods that are both nourishing and preventative in nature.

Moreover, the increase in incidences of lifestyle diseases ranging between obesity, cardiovascular diseases and diabetes have also boosted the use of olive oil as a healthy cooking substitute to refined oils. This aspect is also backed by an increased wellness trend and the way in which consumers are actively consuming clean-label and organic food products, which fuel the necessity of higher quality and even organically certified olive oil products. Consequently, traditional and new markets are experiencing consistent penetration of households and the manufacturers across the globe are taking advantage of this given situation with health-related marketing campaigns and product innovation to meet the demand of this wellness driven market.

Expansion of Culinary Applications and Premiumization Trends

Another influential force, which has continued to affect the olive oil market, is the scope that the product has assumed within the world of global cuisine as influenced by the fact that consumers are increasingly interested in gourmet cooking, cuisines around the world and specialty foods. Olive oil no longer is restricted to the Mediterranean dishes; in fact, this versatile taste and high-end imagery have carved out a niche in both the high-end restaurants and homes of average customers.

Olive oil is being increased by food service providers, restaurants, and food artisans into the sauce, marinade, salad dressing and even baked goods, valuing the sales volume increased all over the world. Besides, rising premiumization is driving shoppers to choose more superior and cold-pressed flavored olive oils with more taste and health qualities. This force is especially intense in developed markets of North America and Europea where people are willing to spend additional money when they can buy sustainably produced and real oils of olive with Protected Designation of Origin (PDO) marks.

Another way in which producers are investing in innovation is packaging, which includes those produced using dark glass bottles or with nature-friendly materials, so as to maintain the integrity and interest of buyers who are environmentally conscious. Such is the increasing value placed on the authenticity of the olive oil, as well as the origin and the complexity of the flavor which is causing the rise of niche or boutique olive oil brands that are transforming the competitive environment of the industry.

Global Supply Chain Dynamics and Sustainability Challenges

The growth trajectory of the olive oil market is significantly influenced by global supply chain factors, especially given the agricultural nature of olive oil production. Climatic variations, particularly in key producing regions such as Spain, Italy, Greece, and Tunisia, can directly affect olive yields, impacting overall supply and pricing. Recent years have seen erratic weather patterns, including droughts and heatwaves, which have caused fluctuations in output and contributed to market volatility.

Additionally, the increasing costs of labor, transportation, and raw materials have exerted pressure on profit margins for producers and distributors alike. Despite these challenges, the market is witnessing a transition toward more sustainable and resilient supply chain practices. Stakeholders are embracing sustainable farming techniques, water conservation technologies, and organic cultivation methods to mitigate environmental risks and appeal to eco-conscious consumers.

Certifications such as Fair Trade, USDA Organic, and Non-GMO are gaining traction, adding value to product offerings and strengthening consumer trust. Furthermore, digitization and blockchain technology are being explored to enhance supply chain transparency and traceability. These innovations are expected to boost long-term resilience while aligning with growing demand for ethical sourcing and sustainable agriculture, thereby shaping the future demand landscape of the global olive oil market.

By the IMARC Group, Some of the Top Competitive Landscape Operating in the Olive Oil Market Report are Given Below:

• 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

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Global Olive Oil Market Trends:

The growth process of olive oil market in view of the agricultural nature of the olive oil production process is explained by the factors of the global supply chains. The influxes of climatic condition, particularly the major olive growing regions that include Spain, Italy, Greece and Tunisia have the propensity of affecting olive productions hence, causing oscillations in levels as well as on prices of olive. The recent years have faced unseasonable weather conditions like drought and heatwaves that have created fluctuation in the production and served as a considerable source to affect the volatility of the market.

It also includes the increased cost of labor, carrier and raw materials that have strained the profit margin of the producers and distributors. Regardless of this, it is undergoing a transition in the market to more sustainable and resilient practices to supply chains. In a bid to mitigate the environmental hazards and above all appeal to the various stakeholders by getting the green consumer market stakeholders are resorting to sustainable agricultural methods, water conserving technologies and organic agriculture.

New special labels such as the Fair Trade, the USDA Organic, and the Non-GMO are gaining more acceptance, with more emphasis being placed on product offers and increased consumer trust. In addition, the blockchain and digitization are under consideration in order to raise partially the supply chain transparency and traceability. These will make prolonging longevity in the future and will be aligned to the rising ethical sourcing and sustainable farming, hence will constitute the territory of demand in the future of olive oil market in the world.

Olive Oil Market Segmentation:

Analysis by Type:

• Virgin Olive Oil
• Refined Olive Oil
• Extra Virgin Olive Oil
• Olive Pomace Oil
• Others

Virgin oil stands as the largest component in 2024, holding around 61.9% of the market.

Analysis by Distribution Channel:

• Supermarkets and Hypermarkets
• Convenience Stores
• Online Stores
• Others

Supermarkets and hypermarkets lead the market with 56.8% of the market share in 2024.

Analysis by Application:

• Food and Beverage
• Pharmaceuticals
• Cosmetics
• Others

Food and beverage lead the market with 68.8% of market share in 2024.

Regional Analysis:

• North America
o United States
o Canada

• Asia-Pacific
o China
o Japan
o India
o South Korea
o Australia
o Indonesia
o Others

• Europe
o Germany
o France
o United Kingdom
o Italy
o Spain
o Russia
o Others
• Latin America
o Brazil
o Mexico
o Others
• Middle East and Africa

In 2024, Europe accounted for the largest market share of 63.8%.

Key highlights of the Report:

• Market Performance
• Market Outlook
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

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This release was published on openPR.