Olive Oil Market Recent Developments, Research Analysis Forecast 2033

The global olive oil market is witnessing substantial growth, with its valuation expected to rise from US$12 billion in 2023 to US$20 billion by 2033, expanding at a strong CAGR of 5.2% over the forecast period.

Key Market Drivers and Trends

  • Surge in Virgin Olive Oil Consumption
    Virgin olive oil currently represents nearly 40% of the market, as consumers increasingly prefer healthier, less processed oil options.
  • Health-Conscious Lifestyles Fueling Growth
    Growing awareness about obesity, cardiovascular conditions, and lifestyle-related disorders is pushing consumers toward more nutritious cooking oils. Olive oil, with its rich content of oleic, palmitic, and linoleic acids, vitamins D and K, antioxidants, and monounsaturated fats, is increasingly recognized as a staple for balanced diets.

Clinical evidence underscores the role of omega-3 fatty acids in promoting cardiovascular health, further accelerating demand for nutrient-rich options such as olive fruit oil.

  • Cultural and Culinary Expansion
    The global popularity of Mediterranean cuisine and the increasing acceptance of cold-pressed oils are major contributors to market growth. Younger generations, in particular, are embracing cold-pressed olive oil for its purity, authentic flavor, and wellness benefits such as support in weight management and reducing risks associated with lifestyle diseases.

Read More: https://www.factmr.com/report/107/olive-oil-market

Competitive Landscape

The olive oil industry is marked by the presence of both global and regional players who are investing in product innovation, supply chain optimization, and brand-building initiatives. Prominent companies include:

  • Sovena Group
  • Deoleo
  • Ybarra Group
  • Salov
  • Jaencoop Grupo
  • Bunge Limited
  • Associated British Foods
  • Adani Wilmar Ltd.
  • Cargill Inc.
  • Adams Group Inc.

These players are focusing on expanding their global footprint through mergers, acquisitions, and the launch of premium-quality olive oil products that cater to evolving consumer needs.

Segmentation Highlights

  • By Type: Processed olive oil and virgin olive oil, with virgin olive oil holding around 40% share.
  • By Application: Food service, cosmetics, pharmaceuticals, and households.
  • By Distribution Channel: Supermarkets/hypermarkets, specialty retail, and online stores.
  • By Region: North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Future Outlook

The olive oil market is set for steady expansion in the coming decade, supported by rising consumer preference for healthier diets, cultural influences of Mediterranean food, and growing demand for premium cold-pressed varieties. Virgin olive oil, already leading the market, is expected to consolidate its dominance further.

With increasing competition, companies that deliver high-quality, health-oriented products aligned with wellness and clean-label trends are likely to capture significant growth opportunities. The market offers fertile ground for investments, innovation, and product diversification as demand accelerates across both developed and emerging regions.

 

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