Olive Oil Market Size, Share, Growth Analysis, By Type (Virgin Olive Oil, Refined Olive Oil), By Application (Food & Beverage, Pharmaceutical), By End-User (Convenience Store, Retail), By Region - Industry Forecast 2025-2032

Global Olive Oil Market size was valued at USD 14.7 Billion in 2023 and is poised to grow from USD 15.29 Billion in 2025 to USD 20.15 Billion by 2032, growing at a CAGR of 4.02 % in the forecast period (2025-2032).

The demand for olive oil has grown significantly in the previous years driven by the emerging trend of incorporating oil rich in nutrients into the diet to prevent some health disorders and rising preference for artisanal and less processed edible oils. With consumers’ willingness to pay a premium for alternatives and the distinct qualities and benefits offered by olive oil, it is not surprising that demand is strong. Several reasons ensure the steady demand for olive oil. One, this product has struck a chord with consumers because of multiple health benefits. It is well known for its high levels of monounsaturated fats and antioxidants and has been associated with reduced cardiovascular disease risk, lower cholesterol levels, and other health benefits. In addition, it provides a good dose of vitamin E and has an outstanding anti-inflammatory feature.

Growing concern about the overall health status coupled with increasing inclination towards healthy oil substitutes generates the demand for the market. Due to the increasing incidence of lifestyle-related disease conditions, consumers have become more inclined around the healthy consumption of vegetable oils in their day-to-day diets. Moreover, the savour factor and versatility of olive oil directs it into a much wider consumer market. It is one of the core ingredients of countless recipes, whether in salad dressings and marinades or for sautéing and baking. Olive oil has excellent taste and smell as it adds refined richness and depth to the flavors of a dish.