Global Olive Oil Market, By Type (Virgin Olive Oil, Refined Olive Oil and Pomace Olive Oil), By Application (Food, Beverages, Personal Care and Pharmaceuticals), By Distribution Channel (Institutional/Direct Sales Vs. Retail Sales), By Company and By Geography, Forecast & Opportunities, 2021-2031F

Forecast Period	2027-2031
Market Size (2025)	USD 17.23 Billion
CAGR (2026-2031)	5.82%
Fastest Growing Segment	Retail Sales
Largest Market	Europe
Market Size (2031)	USD 24.19 Billion

Market Overview

The Global Olive Oil Market will grow from USD 17.23 Billion in 2025 to USD 24.19 Billion by 2031 at a 5.82% CAGR. Olive oil is a liquid fat obtained from the pressing of whole olives, a fruit primarily cultivated in the Mediterranean Basin, and is widely valued for its nutritional properties and culinary applications. The market is fundamentally supported by the growing global adoption of the Mediterranean diet, which emphasizes the consumption of healthy monounsaturated fats to support cardiovascular health. Additionally, rising demand for high-quality, unprocessed edible oils in both domestic kitchens and the food service industry continues to drive consumption, independent of transient lifestyle fads.

However, the sector faces substantial impediments due to climatic volatility, where extreme weather events can disrupt supply chains and create severe price instability. According to the International Olive Council, in 2025, global olive oil production for the 2024/25 crop year is forecast to reach 3.38 million tonnes, representing a significant recovery from previous harvest shortfalls. Despite this rebound, the recurring threat of drought in major producing regions remains a critical challenge that could hinder consistent market expansion and long-term price stability.

Key Market Drivers

Rising consumer awareness of cardiovascular and nutritional health benefits is the primary catalyst reshaping the global olive oil market, fundamentally driving the recovery in consumption figures. This momentum is anchored in the expanding global adoption of the Mediterranean diet, where olive oil is increasingly recognized not just as a culinary fat but as a preventative functional food rich in polyphenols and monounsaturated fats. This health-centric shift has proven resilient against price volatility, ensuring that demand remains robust even as supply chains stabilize. According to the International Olive Council, January 2025, in its sector statistics update, global olive oil consumption is forecast to recover to 3.06 million tonnes for the 2024/25 crop year, reflecting this enduring consumer commitment to health-oriented dietary choices.

Escalating demand for premium extra virgin and organic olive oil further amplifies market value, compelling producers to focus on quality assurance and traceability over mere volume. As discerning consumers increasingly prioritize organoleptic quality and purity, major industry players have successfully maintained revenue growth by pivoting toward these high-margin categories, effectively offsetting lower sales volumes with higher unit prices. For instance, Deoleo reported in February 2025, in its 2024 financial results, that the company achieved sales revenue of €996 million, a 19% increase driven largely by the strength of its premium brands and effective price management. To satisfy this specialized demand, leading producers are ramping up output, with the Ministry of Agriculture, Fisheries and Food (Spain) forecasting in February 2025 that Spanish production would reach 1.38 million tonnes for the current campaign.

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Key Market Challenges

Climatic volatility stands as a formidable barrier to the sustained growth of the global olive oil market. The sector’s heavy concentration in the Mediterranean Basin makes it uniquely vulnerable to extreme weather events, such as prolonged droughts and heatwaves, which disrupt natural crop cycles. This environmental unpredictability prevents producers from guaranteeing consistent volumes to international retailers and food manufacturers, who require stable supply chains to maintain product lines. Consequently, these supply shocks create erratic pricing structures that deter long-term procurement contracts and confuse consumers, effectively stalling the consistent market expansion described in the industry overview.

The direct impact of this volatility is evident in the severe fluctuations of market value, which erode buyer confidence and complicate inventory planning. According to the International Olive Council, in February 2025, the average price for European Union olive oil exports to non-member countries declined by 31.9% compared to the previous year. Such drastic year-over-year oscillations demonstrate the market's inability to maintain the economic equilibrium necessary for steady growth. As long as these recurring weather patterns drive financial uncertainty, the industry will struggle to capitalize fully on the rising global demand for healthy edible oils.

Key Market Trends

The adoption of sustainable and refillable packaging formats is rapidly emerging as a critical trend, driven by the dual necessity of reducing environmental impact and preserving product integrity. Producers are increasingly transitioning from traditional glass bottles to lightweight aluminum cans and bag-in-box solutions, which offer superior protection against light and oxygen—the primary catalysts for oxidation. This shift not only extends shelf life but also significantly lowers shipping weights and carbon emissions in the logistics chain. For instance, according to Olive Oil Times, December 2024, the Greek producer Neolea launched a new line of extra virgin olive oil packaged in recyclable aluminum cans equipped with specialized reusable caps, explicitly designed to minimize waste while ensuring prolonged freshness for the consumer.

The expansion of direct-to-consumer digital sales channels is simultaneously reshaping the market's distribution landscape, allowing producers to bypass traditional retail constraints. By leveraging e-commerce platforms, manufacturers are securing higher profit margins and establishing direct relationships with buyers, which is essential for maintaining revenue stability amidst supply chain fluctuations. This digital pivot enables brands to offer exclusive releases and subscription models that stabilize cash flow independent of large-scale retail buyers. According to Alifood, November 2024, proprietary online sales channels for Italian olive oil producers grew to account for 5.9% of total sales, underscoring the sector's strategic reliance on digital infrastructure to bypass intermediary price pressures.

Segmental Insights

Trusted industry analysis identifies Retail Sales as the fastest-growing segment in the Global Olive Oil Market, driven by a pervasive shift toward health-conscious home cooking. Consumers are increasingly prioritizing olive oil for its cardiovascular benefits and nutritional value, leading to higher volumes purchased through supermarkets and online channels. This trend is particularly evident in non-producing nations, where retail outlets serve as the primary distribution point for imported inventory. The sustained demand for premium and organic varieties for household use continues to outpace other sectors, cementing the retail channel’s leading role in driving market expansion.

Regional Insights

Europe maintains a leading position in the Global Olive Oil Market due to extensive production capabilities in major manufacturing hubs such as Spain, Italy, and Greece. The region benefits from favorable climatic conditions and established agricultural practices that ensure a consistent supply of raw materials. High domestic consumption is supported by the widespread adoption of the Mediterranean diet, which prioritizes olive oil as a primary ingredient. Additionally, the International Olive Council plays a critical role in enforcing quality standards and trade regulations, helping to sustain the global reputation and export competitiveness of European olive oil.

Recent Developments

• In September 2024, Corto Olive Co. launched a limited-edition product, the Harvest 2024 Agrumato-Method Calabrian Chili Olive Oil, targeting home chefs and culinary enthusiasts. This new offering was crafted by crushing fresh, heirloom Calabrian chilies together with olives harvested at the peak of freshness, utilizing the traditional Agrumato method to achieve a cohesive flavor integration. The result was a full-bodied oil with a complex, vibrant profile designed to enhance fall and holiday recipes. The launch highlighted the company's commitment to culinary innovation and its dedication to producing high-quality, California-grown olive oil products.
• In May 2024, Pompeian Olive Oil engaged in a strategic collaboration with Sodexo and the Maryland Innovation Lab to foster sustainability and technological advancement in the food sector. As part of this initiative, the company selected specific startups, including an artificial intelligence firm, to participate in a ten-week validation program. This partnership focused on developing customized use cases that utilized advanced forecasting models to optimize inventory and pricing planning for retailers. The collaboration aimed to bring new talent and innovative solutions to the industry, leveraging the expertise of established corporate partners to scale emerging technologies within the global food system.
• In May 2024, Graza announced the market debut of its first-to-market nitrogen-sealed aluminum refill cans for its popular extra virgin olive oil products. The brand introduced these recyclable "beer can" style refills to address the issue of rapid oxidation often found in large-bulk containers. Designed to maintain the maximum integrity and freshness of the oil, the packaging provided a sustainable alternative to plastic. This product launch, available in select retail stores and online, allowed consumers to easily refill the company’s signature squeeze bottles while reducing packaging waste and ensuring optimal product quality.
• In March 2024, Heraclea introduced a new line of infused extra virgin olive oils to the United States market, expanding its portfolio with flavors inspired by traditional Turkish cuisine. The company unveiled a collection featuring four distinct varieties: Chili, Lemon, Rosemary, and Garlic, all harvested using environmentally conscious principles. These oils were packaged in tins designed to preserve freshness and carried a Protected Designation of Origin certification, ensuring the integrity of the production process. The launch aimed to enhance everyday recipes with authentic Aegean flavors while maintaining the high quality of the cold-pressed Memecik olives used.

Key Market Players

• Deoleo
• SOVENA
• GRUPPO SALOV
• Del Monte Foods Private Limited
• California Olive Ranch, Inc.
• Borges INTERNATIONAL GROUP, S.L.U.
• POMPEIAN
• Cargill
• Conagra Brands
• Modi Naturals Ltd.

By Type	By Application	By Distribution Channel	By Region
Virgin Olive Oil Refined Olive Oil and Pomace Olive Oil	Food Beverages Personal Care and Pharmaceuticals	Institutional/Direct Sales Vs. Retail Sales	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Olive Oil Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Olive Oil Market, By Type:

• Virgin Olive Oil
• Refined Olive Oil and Pomace Olive Oil

• Olive Oil Market, By Application:

• Food
• Beverages
• Personal Care and Pharmaceuticals

• Olive Oil Market, By Distribution Channel:

• Institutional/Direct Sales Vs. Retail Sales

• Olive Oil Market, By Region:

• North America
• United States
• Canada
• Mexico
• Europe
• France
• United Kingdom
• Italy
• Germany
• Spain
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• South America
• Brazil
• Argentina
• Colombia
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE