Market Estimation & Definition

The Olive Oil Industry was valued at approximately USD 11.29 billion in 2024 and is projected to grow to USD 18.17 billion by 2032, at a CAGR of 6.13% during the forecast period 2025–2032. Olive oil refers to oil extracted mechanically from olives (Olea europaea), categorized primarily into virgin olive oil, extra-virgin olive oil, and pomace olive oil. These types differ based on processing methods and acidity levels, with extra-virgin olive oil considered the highest quality due to minimal processing and superior taste profile.

Market Overview:

The Olive oil is natural oil that is obtained by pressing olives. Olive oil is said to have a slew of health advantages. Olive oil is a form of lipid that comes from the fruit of the olive tree and contains healthy fatty acids such as monounsaturated fatty acids, hexadecanoic acid, and linolic acid. Vegetable oil is widely utilised and readily available all around the world. It's well-known for its ability to lower cholesterol levels in the body, which helps to avoid heart disease. It's utilised in a number of skincare and personal care products because of its moisturising and exfoliating properties. Vegetable oil can be used in a variety of ways, such as a spray for dressing, cosmetics, and personal care, as well as in foods and pharmaceuticals. As a result of these circumstances, there is a huge demand for vegetable oil on the market.

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Market Growth Drivers & Opportunity

Rising consumer awareness of the health benefits associated with olive oil, including its high monounsaturated fat content, antioxidants, and anti-inflammatory properties, is a primary market driver. Increased adoption of the Mediterranean diet, recognized for reducing risks of cardiovascular diseases, type 2 diabetes, and other chronic ailments, is fueling demand globally. Additionally, urbanization, rising disposable incomes in emerging economies, and the trend toward natural and organic products present significant growth opportunities. E-commerce platforms have further expanded market accessibility, allowing producers to reach wider audiences directly.

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Segmentation Analysis

by Type

Virgin olive oil
Extra-Virgin Olive Oil
Pomace Olive Oil
Others

by Source

Organic
Conventional

by Application

Food and Beverage
Pharmaceuticals
Cosmetics

by Distribution Channel

Supermarket/Hypermarket
Convenience Store
Online Channel
Others

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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. China's disposable income per capita is 30,733 yuan ($ 4,461.95), up 5.5 percent over the previous year.

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).

Key Players are:

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.

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