Comprehensive Olive Oil Market Forecast 2025-2034: Growth Trends and Strategic Shifts

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Olive Oil Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size of olive oil has been on a significant rise in the past few years. It is expected to escalate from $12.86 billion in 2024 to $13.59 billion in 2025, with a compound annual growth rate (CAGR) of 5.7%. This considerable increase during the historic period could be credited to changes in cultural food habits towards healthier choices, an escalated demand for gourmet and specialty food products, more awareness regarding the health advantages of olive oil, the growth in areas producing olive oil, and efficient marketing and promotion strategies for olive oil.

Olive Oil Market Size Forecast: What's the Projected Valuation by 2029?
In the following years, the olive oil market is poised for solid expansion, with projections suggesting a growth to "$17.13 billion in 2029, boasting a compound annual growth rate (CAGR) of 5.9%. This projected increase in the forecast period can be linked to rising global health awareness, advancements in olive oil merchandise, continued growth of luxury and specialty olive oil divisions, eco-friendly sustainability efforts, and the escalating trend of global gastronomic tourism. Key trends during the forecast timeframe include evolving consumer tastes towards premium and extra virgin olive oils, sustainable and organic farming methods, the worldwide reach and amplified international commerce, technological advancements in the production of olive oil, regulatory norms, and quality control measures.

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What Are the Drivers Transforming the Olive Oil Market?
The anticipated surge in the olive oil market is primarily led by the mounting demand within the food service and retail sectors. All the actions allied with cooking, delivering meals to individuals dining out such as in restaurants and fast-food chains fall under the umbrella of the food service industry. In contrast, the retail sector encompasses tasks and operations associated with selling goods directly to consumers. The escalating requirement for olive oil in both these sectors, given its use in preparing an array of dishes in restaurants and home kitchens, propels the olive oil market. For example, as per the International Olive Council - an intergovernmental body based in Spain that focuses on table olives and olive oil, global olive oil consumption may see a 2.9% rise from the harvest year 2020/21 to 3214 500t in 2021/22. Hence, the burgeoning demand in the food service and retail industries plays a crucial role in driving the market.

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What Long-Term Trends Will Define the Future of the Olive Oil Market?
Product innovation is a leading trend in the olive oil market. In January 2022, US-based Graza introduced Drizzle and Sizzle, two extra virgin olive oils made from Picual olives from Andalusia, Spain. Drizzle is harvested early in October for rich flavor and antioxidant content, while Sizzle is harvested later for greater oil yield and versatility. Both products are offered in squeeze bottles for convenience.

Which Segments in the Olive Oil Market Offer the Most Profit Potential?
The olive oil market covered in this report is segmented -

1) By Type: Virgin Olive Oil, Refined Olive Oil, Extra Virgin Olive Oil, Olive Pomace Oil
2) By Nature: Conventional, Organic
3) By Distribution Channel: B2B Suppliers, Super market Or Hyper market, Grocery Store, Online Retail, Other Distribution Channels
4) By End User: Food Processing, Food Service, Cosmetics And Personal Care, Pharmaceuticals, Other End Users

Subsegments:
1) By Virgin Olive Oil: Cold Pressed Virgin Olive Oil, Filtered Virgin Olive Oil, Unfiltered Virgin Olive Oil
2) By Refined Olive Oil: Light Refined Olive Oil, Refined Olive Oil Blend
3) By Extra Virgin Olive Oil: Organic Extra Virgin Olive Oil, Flavored Extra Virgin Olive Oil
4) By Olive Pomace Oil: Refined Olive Pomace Oil, Pomace Oil Blend

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Which Firms Dominate the Olive Oil Market by Market Share and Revenue in 2025?
Major companies operating in the olive oil market include Cargill Incorporated, Deoleo S.A., Del Monte Food Inc., Gallo Worldwide, Borges International Group, Avenida Rafael Ybarra, Sovena Group, California Olive Ranch Inc., Salov S.p.A., Jaencoop Grupo, Colavita S.p.A, EU Olive Oil Ltd., Sun Grove Foods Inc., Oil Artajo SL, Aceites Sandua, Tucan Olive Oil Company Ltd., Domenico Manca S.p.A., Grampians Olive Co., Victoria Olive Oil Co., Les huiles d'olive Lahmar, Minerva Olive Oil, Castillo de Canena, Gaea Products S.A., Pompeian Inc., Lucini Italia Co., Agro Sevilla Group, Bellucci Premium, Costa d'Oro, Grupo Ybarra Alimentación, Monini S.p.A.

Which Regions Offer the Highest Growth Potential in the Olive Oil Market?
Europe was the largest region in the olive oil market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the olive oil market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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