The Olive Oil Industry size was valued at USD 11.29 Billion in 2024 and the total Olive Oil revenue is expected to grow at a CAGR of 6.13% from 2025 to 2032, reaching nearly USD 18.17 Billion.
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 Dynamics:

During the forecast period, the global market is expected to be driven by steady demand for vegetable oil from end-user industries. Vegetable oil is used in the food and beverage industry, as well as in the sweetness care and cosmetics sector and, as a result, in the pharmaceutical sector. The need for vegetable oil will most likely increase as those industries continue to grow.

Due to increased consumer knowledge of the multiple benefits of ingesting vegetable oil and a robust economic process, the global market for vegetable oil is seeing substantial growth. The population of wealthy countries is progressively adopting Western lifestyles. One of the most important factors propelling the global vegetable oil industry is generally linked to this

Olive oil is gluten-free, making it a healthier and more delicious alternative to other edible oils. It's high in oleic acid and antioxidants, which aid to reduce inflammation and reduce the incidence of chronic and cardiac illnesses. Olive oil also aids in the treatment of rheumatoid arthritis and osteoporosis, as well as the prevention of type 2 diabetes, stomach cancer, and stomach ulcers. The demand for olive oil is expected to rise as a result of all of the above reasons for the health benefits linked with its intake.

Olive Oil Market Growth is fueled by the growing adoption of a Healthy Lifestyle:

The global Olive Oil market is expected to grow due to rising health awareness and adoption of healthier lifestyles as a result of an increase in heart disease cases around the world. Cardiovascular diseases (CVDs) are the largest cause of death globally, killing an estimated 17.9 million people each year, according to the World Health Organization (WHO). Four out of every five CVD deaths are caused by heart attacks and strokes, with one-third of those under the age of 70. Furthermore, due to increased demand for olive oils, global production is rising. Global olive oil output averaged 2.87 million tonnes in 2005–2006 and 2021–2022, according to the International Olive Council (IOC). The sector is gaining traction as people's discretionary income rises. As shown in the UN's 2022 World Economic Survey and Outlook, more than half of the world's main economies expanded in 2017 and 2022.

Segmentation Analysis

According to market segmentation:

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.

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).

Competitive Analysis
The olive oil market remains fragmented, with both global and regional players vying for market share. Prominent brands include

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.

Press Release Conclusion
In conclusion, the global olive oil market is on a robust growth trajectory, driven by increasing health awareness, the premiumization of edible oils, and expanding applications beyond traditional food uses. With the market poised to grow from USD 11.29 billion in 2024 to USD 18.17 billion by 2032, key opportunities lie in organic and sustainable product segments, e-commerce expansion, and technological advancements in product traceability.

Both the United States and Germany present lucrative prospects, driven by health-conscious consumer bases and a growing appetite for authentic, high-quality olive oils. Market players investing in product differentiation, transparency, and sustainable practices are likely to secure a competitive edge in this dynamic, USD 18-billion global market.

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