Olive Oil Market, By Product Type (Extra Virgin Olive Oil, Virgin Olive Oil, Refined Olive Oil, and Pomace Olive Oil, Others), By Application (Cooking and Frying, Salad Dressings and Dips, Baking and Confectionery, Cosmetics and Personal Care, and Others), By Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Sales, and Direct Sales), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Published In : Feb 2025

Code : CMI2985

Pages :150

Formats :

Excel and PDF

Industry : Food and Beverages

Olive Oil Market Size and Trends

The global olive oil market is estimated to be valued at USD 23.80 Bn in 2025 and is expected to reach USD 35.10 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 5.7% from 2025 to 2032.

Olive Oil Market Key Factors

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Olive oil is widely used in cooking and for its perceived health benefits which is supporting the market growth. The increasing health-conscious population globally is driving the demand for olive oil. The market is experiencing increased demand from developing economies due to rising disposable incomes and changing food consumption habits. Consumers are shifting preferences towards natural and healthy edible oil options like olive oil which is helping drive market revenues.

Market Driver - Increasing health awareness

People nowadays are increasingly becoming health conscious and aware about the benefits of healthy cooking oils. With growing research studies highlighting various health benefits of olive oil like reducing chances of heart diseases and lowering bad cholesterol, more households are replacing other commonly used oils with olive oil in their daily cooking. Olive oil is known to contain antioxidants that can help reduce inflammation in the body linked to many lifestyle diseases. The high monounsaturated fat content in olive oil also helps maintain healthy cholesterol levels. Food magazines and health websites regularly publish articles about Mediterranean diet and how lightly cooked or cold-pressed olive oil forms an integral part of this diet known for various health benefits. Doctors and nutritionists also recommend use of olive oil over other oils like sunflower or soybean oil. Young families with small kids want to adopt healthier cooking practices and are motivated to include olive oil as their primary cooking medium. Even those looking to manage or lose weight prefer olive oil in moderate quantities over other oils for its reputation of being a heart-healthy fat. The trend of 'wellness' and focus on preventive healthcare is driving growth in consumption of naturally nutritious foods like olive oil globally. Increase in number of lifestyle diseases has prioritized health factors over price while choosing kitchen staples like cooking oils at home. All these developments have cumulatively made olive oil one of the fastest growing segments in global edible oil market in past few years.