Report Overview:

The global olive oil market was worth $15.11 billion in 2024 and is expected to grow steadily, reaching around $19.77 billion by 2032. That’s a growth rate of about 3.44% each year. Europe is currently leading the market, making up nearly half (almost 50%) of global sales in 2024. In the U.S., demand for olive oil is also rising and is expected to hit $2.81 billion by 2032. This growth is largely fueled by more people turning to healthier cooking oils to help prevent lifestyle-related health issues like obesity and diabetes.

List of Key Players Profiled in the Report:

• Salov SpA (Italy)
• Deoleo S.A. (Spain)
• Conagra Brands, Inc. (U.S.)
• Sovena Group (Portugal)
• Del Monte Foods, Inc. (U.S.)
• Cargill, Inc. (U.S.)
• California Olive Ranch (U.S.)
• Pompeian (U.S.)
• Modi Natural Ltd. (India)
• Borges International Group (Spain)

Segments:

Virgin Olive Oil Segment to Dominate Market Due to Rising Demand for High Nutrient Content

By type, the market is trifurcated into virgin olive oil, refined/pure olive oil, and others (lampante oil and pomace oil). The virgin olive oil segment is expected to hold the largest market share due to increasing demand for high nutrient content and rising awareness of nutritious food products.

Increasing Utilization of Olive Fruit Oil in Household to Bolster Segmental Growth

Based on end-user, the market is categorized into households/retail, food service/HoReCa, food manufacturing, and others (animal feed, pharmaceuticals, and dietary supplements). The increasing use of the oil in foodservices and households is projected to bolster the segmental growth in the coming years.

Geographically, the market is segmented into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

Source: https://www.fortunebusinessinsights.com/industry-reports/olive-oil-market-101455