View monthly updates and historical trends for Olive Oil Price. Source: International Monetary Fund. Track economic data with YCharts analytics.

Get the latest insights on price movement and trend analysis of Olive Oil in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

European Union - Harmonised index of consumer prices (HICP): Olive oil was 142.10 points in September of 2025, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for European Union - Harmonised index of consumer prices (HICP): Olive oil - last updated from the EUROSTAT on October of 2025. Historically, European Union - Harmonised index of consumer prices (HICP): Olive oil reached a record high of 205.33 points in April of 2024 and a record low of 90.98 points in December of 2020.

Global Olive Oil Prices - Historical chart and current data through 2025.

According to Cognitive Market Research, the global Extra Virgin Olive Oil market size was USD 9651.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 7.00% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 3860.60 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 2895.45 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 2219.85 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 482.58 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 193.03 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.7% from 2024 to 2031.
The food industry category is the fastest growing segment of the Extra Virgin Olive Oil industry

Market Dynamics of Extra Virgin Olive Oil Market

Key Drivers for Extra Virgin Olive Oil Market

Rising Health Consciousness to Boost Market Growth: The market for extra virgin olive oil (EVOO) is expanding due in large part to growing health consciousness. Healthy diets are becoming more and more important to consumers, who are looking for products like EVOO that are high in monounsaturated fats and antioxidants. Its demonstrated ability to lower inflammation, enhance cardiovascular health, and aid in weight control is consistent with consumers' increasing desire for natural and functional foods. An essential component of the Mediterranean diet, EVOO is well known for its ability to prolong life and fend against chronic illnesses. The demand for EVOO is rising as more people become aware of these advantages, especially in emerging nations. Health-related advertising campaigns and the growing popularity of plant-based and organic lifestyles are contributing factors to this trend.

Increasing Demand for Natural and Organic Products to Drive Market Growth: The market for extra virgin olive oil (EVOO) is expanding due in large part to the growing demand for natural and organic products. Consumers are increasingly choosing minimally processed and synthetic chemical-free products as they grow more aware of the effects their food choices have on the environment and their health. Because of its purity and environmentally friendly production practices, organic EVOO, which is certified by organizations like USDA Organic and EU Organic, is becoming more and more well-known. Customers who appreciate sustainable farming methods and are health and environmental-sensitive are especially embracing this trend. The demand for organic EVOO is further increasing due to the growing global embrace of organic lifestyles and the premiumization of food choices.

Restraint Factor for the Extra Virgin Olive Oil Market

High Competition from Substitute Oils, such as Sunflower, Canola, And Coconut Oil Will Limit Market Growth: The market for extra virgin olive oil (EVOO) is being held back by fierce competition from alternative oils. Many markets are dominated by less expensive substitutes including palm, coconut, canola, and sunflower oil, particularly in areas where consumers are highly sensitive to price. Due to their higher smoke points, these oils work better in high-heat cooking, are more widely accessible, and are frequently chosen for their neutral flavors. Furthermore, the adoption of EVOO is constrained by the great cultural relevance of traditional oils, such as peanut oil in some areas or mustard oil in South Asia. Because of the fierce competition, EVOO manufacturers must set themselves apart from the competition with superior quality, health benefits, and premium positioning in order to attract a wider range of customers.

Key Trends for Extra Virgin Olive Oil Market

Increase in E-Commerce and Direct-to-Consumer Channels: Digital platforms are progressively utilized to market artisanal and organic extra virgin olive oil (EVOO) directly to health-conscious consumers, circumventing conventional retail and facilitating traceability and marketing based ...

Spain - Harmonised index of consumer prices (HICP): Olive oil was 134.47 points in October of 2025, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Spain - Harmonised index of consumer prices (HICP): Olive oil - last updated from the EUROSTAT on December of 2025. Historically, Spain - Harmonised index of consumer prices (HICP): Olive oil reached a record high of 266.70 points in April of 2024 and a record low of 87.07 points in September of 2020.

Euro Area - Harmonised index of consumer prices (HICP): Olive oil was 141.68 points in October of 2025, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Euro Area - Harmonised index of consumer prices (HICP): Olive oil - last updated from the EUROSTAT on December of 2025. Historically, Euro Area - Harmonised index of consumer prices (HICP): Olive oil reached a record high of 206.70 points in April of 2024 and a record low of 90.33 points in December of 2020.

The Greek virgin olive oil market soared to $550M in 2024, with an increase of 83% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. Virgin olive oil consumption peaked at $574M in 2017; however, from 2018 to 2024, consumption failed to regain momentum.

Out of the **** million metric tons produced worldwide in 2022/2023, Spain contributed to **** million metric tons. Europe generates most of the world’s olive oil, and Spain plays a very important role in its production. Same country, different taste for olive oil Although an essential ingredient in the Spanish cuisine, olive oil consumption can vary greatly across the Mediterranean country’s regions depending on the preferred oil type. In that regard, Galicia led the list of consumers of regular olive oil with around **** liters per capita, whereas La Rioja featured the highest intake of extra virgin olive oil at **** liters in 2021. Although Spaniards often use their olive oil for many of their dishes, olive oil consumption experienced a downward trend during the last few years, with the average person intaking **** kilograms of the golden liquid in 2022 from *** kilograms in 2010. The profile of a Spanish olive oil consumer In terms of expenditure, Spaniards spent on average **** euros on their olive oil – although the price can vary greatly depending on the distribution channel, with e-commerce shops featuring the cheapest olive oil price per liter in 2022. Nationwide, the average Spaniard shopped for olive oil at supermarkets, with over ** percent of olive consumer in this country choosing this distribution channel over other stores.

In 2022, domestic olive oil consumption in the United States amounted to approximately ******* metric tons. This constitutes a decrease in consumption of ****** metric ton as compared to the previous year. A clear trend of growth in olive oil consumption is visible but fluctuations in consumption from year to year are common. Global consumption of Olive Oil In 2022/23, the global consumption volume of olive amounted to roughly *** million metric tons. The European Union is the leading consumer of olive oil in the world. Approximately *** million metric tons are consumed within the European Union. Global production of Olive Oil The largest producer of olive oil by region is the EU-27, which produced approximately *** million metric tons in 2019/2020. The EU-27 was followed by Turkey and Tunisia, which produced approximately ******* metric tons each. The global olive oil market was valued at ***** billion U.S. dollars and is forecasted to reach **** billion by 2028.

The article discusses the rising demand for virgin olive oil in China, leading to an expected upward consumption trend over the next decade. Forecasts show a slight increase in market performance, with an anticipated CAGR of +1.5% for the period from 2024 to 2035. By the end of 2035, the market volume is projected to reach 18K tons, while the market value is forecast to grow to $172M (in nominal prices) with an anticipated CAGR of +3.0%.

Greece - Harmonised index of consumer prices (HICP): Olive oil was 136.84 points in October of 2025, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Greece - Harmonised index of consumer prices (HICP): Olive oil - last updated from the EUROSTAT on December of 2025. Historically, Greece - Harmonised index of consumer prices (HICP): Olive oil reached a record high of 227.77 points in July of 2024 and a record low of 92.06 points in December of 2014.

Global Organic Olive Oil market size 2025 was XX Million. Organic Olive Oil Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

The global organic virgin olive oil market is experiencing robust growth, driven by increasing consumer awareness of health benefits, a rising preference for natural and organic food products, and expanding distribution channels. The market's value is estimated at $2.5 billion in 2025, projected to reach approximately $3.5 billion by 2033, reflecting a Compound Annual Growth Rate (CAGR) of approximately 4%. This growth is fueled by several key factors. Firstly, consumers are increasingly seeking healthier alternatives to conventionally produced oils, recognizing the nutritional advantages and superior taste profile of organic virgin olive oil. This is particularly evident in developed markets such as North America and Europe, where health consciousness is high. Secondly, the market benefits from rising disposable incomes in emerging economies, allowing for increased spending on premium food products like organic olive oil. Thirdly, the growing popularity of Mediterranean diets, which heavily feature olive oil, is contributing to increased demand. Finally, the expansion of online retail and the emergence of specialized health food stores provide wider access to organic virgin olive oil, enhancing market accessibility. Despite the positive outlook, market growth faces some challenges. Fluctuations in olive harvests due to climatic conditions can impact supply and price stability. Furthermore, the premium pricing of organic virgin olive oil compared to conventional alternatives presents a barrier to entry for some consumers. However, the long-term trend indicates sustained market growth, as the demand for high-quality, healthy foods continues to expand. The competitive landscape is characterized by a mix of large established players like Kirkland and Pompeian, and smaller, specialized brands like Alter Eco and Sky Organics, catering to various consumer preferences. Market segmentation by product type (e.g., extra virgin, flavored), packaging, and distribution channels offers opportunities for further market expansion.

The organic virgin olive oil market is experiencing robust growth, driven by increasing consumer awareness of health benefits and a rising preference for natural and organic food products. The market's expansion is fueled by several key factors: a growing understanding of olive oil's positive impact on cardiovascular health, a shift towards mindful consumption and a willingness to pay a premium for high-quality ingredients, and the increasing availability of organic olive oil in mainstream retail channels. Furthermore, the rising popularity of Mediterranean diets globally contributes significantly to the market's growth trajectory. While specific market size figures aren't provided, a reasonable estimation, considering industry trends and the presence of numerous established brands like Kirkland, Zoe, and California Olive Ranch, suggests a market size in the range of $1.5 to $2 billion in 2025. A conservative Compound Annual Growth Rate (CAGR) of 7-8% is plausible, projecting significant expansion over the forecast period (2025-2033). However, market growth faces certain challenges. Fluctuations in olive harvests due to climate change and the associated price volatility can impact profitability. Furthermore, competition from conventional olive oil and other cooking oils necessitates continuous innovation and branding efforts to maintain market share. The market is segmented by product type (e.g., extra virgin, virgin), packaging size, and distribution channel (online vs. offline). Regional variations in consumption patterns also influence market dynamics, with regions like North America and Europe currently exhibiting higher demand. Brands are increasingly focusing on sustainability initiatives and transparent sourcing to attract environmentally conscious consumers, a trend expected to further shape the market landscape in the coming years.

Galicia led the list of consumers of regular olive oil with over 7.37 liters per capita, whereas La Rioja featured the highest intake of extra virgin olive oil at 4.59 liters in 2021. Although an indispensable ingredient in the Spanish cuisine, olive oil consumption can vary greatly across the Mediterranean country’s regions depending on the preferred oil type. Olive oil consumption experienced a downward trend during the last years, with the average person intaking 7.72 kilograms of the golden liquid in 2021 from 9.7 kilograms in 2010.

Spain: paradise for olive oil lovers and the olive oil business

Aceites del Sur-Coosur S.A, ACESUR, was the company that most produced bottled olive oil in 2018. Of the 3.26 million metric tons produced worldwide in 2018, Spain contributed to 1.25 million metric tons, which accounts for over 38 percent of the total global production of olive oil. The exports of olive oil registered a record high in 2017, reaching values of over 3.9 billion euros.

Supermarkets the preferred place to buy olive oil

In terms of expenditure, Spaniards spent on average three euros on their olive oil – although the price can vary greatly depending on the distribution channel, with hypermarkets featuring the cheapest olive oil price per liter in 2018. Nationwide, the average Spaniard shopped for olive oil at supermarkets in 2018, with nearly 50 percent of olive consumer in this country choosing this distribution channel over other stores.

In 2024, the French virgin olive oil market increased by 35% to $838M, rising for the fifth year in a row after two years of decline. Over the period under review, the total consumption indicated a resilient increase from 2012 to 2024: its value increased at an average annual rate of +6.4% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period.

Global Virgin Olive Oil market size 2025 was XX Million. Virgin Olive Oil Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

Global Organic Virgin Olive Oil market size 2025 was XX Million. Organic Virgin Olive Oil Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

Malta - Harmonised index of consumer prices (HICP): Olive oil was 182.58 points in October of 2025, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Malta - Harmonised index of consumer prices (HICP): Olive oil - last updated from the EUROSTAT on December of 2025. Historically, Malta - Harmonised index of consumer prices (HICP): Olive oil reached a record high of 214.05 points in September of 2024 and a record low of 102.01 points in March of 2016.