Olive Oil Market Report 2026

The olive oil market size has grown strongly in recent years. It will grow from $13.49 billion in 2025 to $14.23 billion in 2026 at a compound annual growth rate (CAGR) of 5.5%. The growth in the historic period can be attributed to growing adoption of mediterranean diets, expansion of olive cultivation areas, rising consumer awareness of healthy fats, strong culinary usage in households, increasing penetration in foodservice channels.

The olive oil market size is expected to see strong growth in the next few years. It will grow to $18.21 billion in 2030 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to increasing demand for organic food products, rising use of olive oil in personal care formulations, expansion of premium food consumption, growing focus on sustainable farming practices, increasing digital traceability adoption. Major trends in the forecast period include rising demand for extra virgin olive oil, growing preference for organic olive oil products, expansion of premium and artisanal olive oil segments, increased focus on traceability and origin labeling, diversification of culinary and cosmetic applications.

The increase in olive oil production is expected to drive the growth of the olive oil market in the coming years. Olive oil, extracted from the fruit of the olive tree (Olea europaea), is widely used as a cooking oil and is a staple in many culinary and cultural traditions. Higher production boosts market supply, stabilizes prices, encourages innovation, and supports research, benefiting various stakeholders. For instance, in June 2023, Oils and Fats International, a UK-based trade publication, reported that global olive oil production is projected to reach 3.2 million metric tons in 2023-24, a 24% increase over the previous year’s low crop and nearly in line with the five-year average of 3.14 million metric tons. Therefore, rising olive oil production is propelling market growth.

Major companies in the olive oil market are making strategic investments, such as establishing production facilities abroad, to meet increasing demand for branded and private-label products. For example, in March 2023, Certified Origins, an Italy-based extra virgin olive oil company, announced a $25 million investment to open its first production plant in the United States at Oakland Industrial Park, Virginia. The facility will handle olive oil mixing, bottling, packaging, and distribution, creating 30 new jobs, and will export high-quality extra virgin olive oils via the Port of Virginia, offering artisan blends and customized packaging for local and global markets.

In April 2023, Colavita S.p.A., an Italy-based manufacturer of olive oil, acquired O Olive Oil & Vinegar for an undisclosed amount. Through the acquisition, Colavita's objective is to maintain the O Olive Oil & Vinegar brand's remarkable originality without compromising, while leveraging combined industry skills to raise the brand to a worldwide level. Colavita returns O Olive Oil & Vinegar to a family-owned business and culture after an interim period as a division of a public corporation. O Olive Oil & Vinegar is a US-based manufacturer of California extra virgin olive oil and handcrafted wine vinegar.

Major companies operating in the olive oil market are Deoleo S.A., Borges International Group, Sovena Group, Gallo Worldwide, Salov S.p.A., Colavita S.p.A., Monini S.p.A., Costa d'Oro, Pompeian Inc., Lucini Italia Co., Castillo de Canena, Minerva Olive Oil, Gaea Products S.A., Jaencoop Grupo, Aceites Sandua, Oil Artajo SL, Domenico Manca S.p.A., Bellucci Premium, Grampians Olive Co., Victoria Olive Oil Co., Les huiles d'olive Lahmar, Tucan Olive Oil Company Ltd.

Europe was the largest region in the olive oil market in 2025.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the olive oil market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the olive oil market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The olive oil market consists of sales of extra light olive oil, pure olive oil, lampante olive oil, and cold pressed olive oil. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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