The olive oil price in Italy was affected by changes between 2019 and 2024. Compared to the equivalent period in the previous year, olive oil price rose by ***** percent in the third quarter 2023. By contrast, olive oil prices decreased by **** in the period from January to March 2020. As of 2024, the price grew by **** percent in the first quarter of the year.

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 ...

The quarter-on-quarter change in olive oil price in Italy fluctuated during the period of time considered. The peak was reached in the last quarter of 2023, when prices went up by over ** percent compared to the previous quarter, while the highest decline was observed in Q4 2019 when prices of olive oil in the country dropped by **** percent.

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).

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.

The article discusses the rising demand for virgin olive oil in the United States, projecting a steady increase in consumption over the next decade. Market performance is expected to grow at a moderate rate, with volume reaching 310K tons and market value reaching $2.9B by 2035.

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.

Olive Oil Market Outlook

According to our latest research, the Global Olive Oil market size was valued at $15.2 billion in 2024 and is projected to reach $23.8 billion by 2033, expanding at a CAGR of 5.1% during 2024–2033. The primary driver fueling this robust growth is the rising global awareness of health benefits associated with olive oil consumption, particularly its antioxidant properties and positive effects on cardiovascular health. Increasing preference for natural and organic food ingredients, coupled with a growing trend toward Mediterranean diets, has significantly boosted demand for olive oil across both developed and emerging markets. Moreover, the proliferation of premium and specialty olive oil products, such as extra virgin and cold-pressed variants, is further enhancing the market’s value proposition and attracting a health-conscious consumer base worldwide.

Regional Outlook

Europe continues to dominate the global olive oil market, accounting for over 60% of the total market share in 2024. This region’s leadership is underpinned by its mature olive cultivation industry, longstanding culinary traditions, and favorable agricultural policies supporting olive growers. Spain, Italy, and Greece are the primary producers, benefiting from advanced processing technologies and well-established export channels. The European Union’s regulatory frameworks, including Protected Designation of Origin (PDO) and Protected Geographical Indication (PGI) certifications, further reinforce product quality and authenticity, bolstering consumer trust and export competitiveness. This mature market is also witnessing a surge in premium and organic olive oil segments, driven by discerning consumers seeking high-quality, traceable products.

The Asia Pacific region is emerging as the fastest-growing market for olive oil, projected to register a CAGR of 7.8% from 2024 to 2033. Rapid urbanization, rising disposable incomes, and a shift toward Western dietary patterns have significantly increased olive oil consumption in countries such as China, Japan, India, and South Korea. Investments in marketing and educational campaigns highlighting olive oil’s health benefits are accelerating adoption, particularly among young urban populations. Additionally, the expansion of modern retail infrastructure and the rise of e-commerce platforms are making premium and imported olive oil products more accessible to a broader consumer base, further driving market expansion in this region.

In contrast, Latin America, the Middle East, and Africa represent emerging markets with considerable growth potential, albeit with unique challenges. While countries like Brazil and South Africa are witnessing increased olive oil imports due to rising health awareness, market penetration remains constrained by higher price points compared to local edible oils and limited consumer familiarity. Local governments are beginning to implement supportive policies and awareness campaigns to encourage olive oil adoption. However, supply chain inefficiencies, tariff barriers, and fluctuating currency values continue to pose hurdles. Nevertheless, as local production initiatives and strategic partnerships with Mediterranean suppliers gain traction, these regions are expected to play a more significant role in the global olive oil landscape over the next decade.

Report Scope

In 2024, shipments abroad of virgin olive oil increased by X% to X tons, rising for the second consecutive year after two years of decline. Total exports indicated a mild expansion from 2012 to 2024: its volume increased at an average annual rate of X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, exports increased by X% against 2022 indices. The growth pace was the most rapid in 2020 with an increase of X%. As a result, the exports attained the peak of X tons. From 2021 to 2024, the growth of the exports failed to regain momentum.

In 2024, the Finnish refined olive oil market increased by 15% to $50M, rising for the fourth year in a row after three years of decline. Overall, the total consumption indicated a perceptible increase from 2012 to 2024: its value increased at an average annual rate of +4.6% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption increased by +74.1% against 2020 indices.

After two years of decline, the CIS olive oil market increased by 31% to $93M in 2024. The total consumption indicated a tangible increase from 2012 to 2024: its value increased at an average annual rate of +2.3% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period.

Spain Consumer Price Index (CPI): Weights: FB: Food: Oils and Fats: Olive Oil data was reported at 6.763 Per 1000 in 2025. This records an increase from the previous number of 6.133 Per 1000 for 2024. Spain Consumer Price Index (CPI): Weights: FB: Food: Oils and Fats: Olive Oil data is updated yearly, averaging 4.491 Per 1000 from Dec 2017 (Median) to 2025, with 9 observations. The data reached an all-time high of 6.763 Per 1000 in 2025 and a record low of 3.854 Per 1000 in 2020. Spain Consumer Price Index (CPI): Weights: FB: Food: Oils and Fats: Olive Oil data remains active status in CEIC and is reported by National Statistics Institute. The data is categorized under Global Database’s Spain – Table ES.I017: Consumer Price Index: Weights.

In 2024, shipments abroad of virgin olive oil increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports recorded a remarkable increase. The pace of growth appeared the most rapid in 2015 when exports increased by X%. The volume of export peaked in 2024 and is expected to retain growth in years to come.

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Cooking Oil Market Size 2024-2028

The cooking oil market size is forecast to increase by USD 36.02 billion, at a CAGR of 4.5% between 2023 and 2028.

The market is witnessing significant growth, driven primarily by the increasing consumer awareness towards the health benefits associated with palm oil. This trend is fueled by a growing body of research highlighting the nutritional advantages of palm oil, particularly its rich content of tocotrienols and tocopherols, which contribute to heart health and antioxidant properties. Additionally, the versatility of palm oil in various applications, including food, cosmetics, and industrial uses, further bolsters its market potential. However, the market landscape is not without challenges. The influence of online retailing is disrupting traditional distribution channels, necessitating companies to adapt and strengthen their e-commerce strategies.
Furthermore, distribution challenges persist due to the perishable nature of cooking oils and the need for temperature-controlled storage and transportation. These obstacles require innovative solutions, such as improved logistics networks and collaborations with e-commerce giants, to ensure timely and efficient delivery to consumers. Companies that effectively navigate these challenges and capitalize on the growing demand for healthier cooking oil options are poised to succeed in this dynamic market.

What will be the Size of the Cooking Oil Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.
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The market continues to evolve, with various sectors adopting innovative approaches to meet consumer demands and reduce costs. For instance, olive oil mills are exploring new cost reduction strategies, such as optimizing yield through more efficient milling processes and implementing waste oil recycling programs. Rancidity prevention methods, like the winterization process and peroxide value measurement, are crucial in maintaining oil quality and ensuring food safety regulations are met. In the sunflower oil extraction sector, there is a growing focus on sustainability practices and purity standards. The degumming process, glyceride profiling, and triglyceride structure analysis are essential components of quality control systems, ensuring the production of high-quality, nutritionally rich oils.

Supply chain management and renewable energy source integration are also key trends, with companies striving for increased processing efficiency and reduced environmental impact. Industry growth is expected to remain robust, with a projected increase of 3% annually. For example, soybean oil processing has seen significant advancements in hydrogenation techniques and deodorization technology, leading to improved oxidation stability and longer shelf life for consumers. Furthermore, fractionation methods and oil extraction methods continue to evolve, enabling the production of specialized oils with unique fatty acid compositions and applications. Biodiesel production is another area of interest, with companies exploring ways to optimize yield and improve the sustainability of their operations.

The use of bleaching earth, filtration techniques, and refined oil production are all critical components of this process. Nutritional labeling and adherence to purity standards are essential for consumer trust and regulatory compliance. Overall, the market is characterized by continuous innovation and a focus on efficiency, sustainability, and quality. Companies must stay informed of the latest trends and technologies to remain competitive and meet the evolving needs of consumers and regulatory bodies.

How is this Cooking Oil Industry segmented?

The cooking oil industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Distribution Channel

  Offline
  Online


Type

  Palm oil
  Rapeseed oil
  Soy oil
  Sunflower oil
  Others


Geography

  North America

    US


  APAC

    China
    India


  South America

    Brazil


  Rest of World (ROW)

By Distribution Channel Insights

The offline segment is estimated to witness significant growth during the forecast period.

The market is experiencing growth driven by various factors. Olive oil milling and sunflower oil extraction are key processes in oil production, with cost reduction strategies, such as waste oil recycling, playing a significant role. Rancidity prevention methods and quality control systems ensure product freshness and purity, while peroxide value measurement and glyceride profiling maintain oil stability. Soybean oil processing and triglyceride structure studies contribute to yield optimizati

Discover the latest projections for the virgin olive oil market in Japan, with an expected increase in both volume and value over the next decade. Anticipated CAGR of +1.4% in volume and +3.0% in value from 2024 to 2035.

Olive Pomace Pellet Market Outlook

According to our latest research, the global olive pomace pellet market size reached USD 2.13 billion in 2024, demonstrating robust growth driven by increasing demand for sustainable biofuels and renewable energy sources. The market is projected to expand at a CAGR of 7.1% from 2025 to 2033, reaching a forecasted value of USD 4.01 billion by 2033. The primary growth factor for this market is the rising adoption of eco-friendly alternatives to fossil fuels in both residential and industrial applications, coupled with favorable government policies supporting biomass energy utilization.

The olive pomace pellet market is witnessing significant momentum due to the global emphasis on reducing carbon emissions and transitioning towards renewable energy sources. Olive pomace, a byproduct of olive oil production, is increasingly being utilized to produce high-energy pellets that serve as a sustainable fuel alternative. This market is further propelled by the growing awareness among consumers and industries regarding the environmental benefits of biomass fuels, such as lower greenhouse gas emissions and reduced reliance on non-renewable resources. The adoption of olive pomace pellets is particularly notable in regions with substantial olive oil production, where the availability of raw material is abundant, thereby supporting the local circular economy and reducing waste.

Another major growth driver for the olive pomace pellet market is the escalating demand for cost-effective and efficient heating solutions in residential and industrial sectors. Olive pomace pellets offer a competitive edge over traditional fuels such as coal and natural gas, not only in terms of environmental impact but also due to their lower operational costs and high calorific value. The increasing volatility in fossil fuel prices and the imposition of carbon taxes in various countries have further incentivized industries to shift towards biomass-based fuels. Additionally, technological advancements in pelletizing processes have enhanced the quality and energy density of olive pomace pellets, making them a viable option for large-scale power generation and industrial heating applications.

The market is also benefiting from supportive regulatory frameworks and government incentives aimed at promoting renewable energy sources. Several countries in Europe and the Mediterranean region have introduced subsidies, tax breaks, and feed-in tariffs for biomass energy projects, which has significantly boosted the adoption of olive pomace pellets. Moreover, the integration of olive pomace pellets into national energy strategies and their inclusion in renewable energy targets have created a favorable environment for market growth. The increasing investment in research and development activities to improve pellet production efficiency and expand the range of applications is expected to further stimulate market expansion in the coming years.

From a regional perspective, Europe dominates the olive pomace pellet market, accounting for the largest share in 2024, followed by the Asia Pacific and North America. The high concentration of olive oil production in Southern European countries, coupled with stringent environmental regulations and strong policy support for renewable energy, has established Europe as the primary market for olive pomace pellets. The Asia Pacific region is witnessing rapid growth, driven by increasing energy demand and government initiatives to diversify energy sources and promote sustainable practices. North America is also emerging as a promising market, supported by growing awareness of biomass energy and efforts to reduce carbon footprints in the industrial sector.

In the context of sustainable fuel alternatives, Olive Wood Charcoal has emerged as a noteworthy contender. Known for its high calorific value and minimal smoke production, olive wood charcoal is gaining traction among eco-conscious consumers and industries alike. Its production utilizes the pruned branches of olive trees, which are often discarded as waste, thereby contributing to waste reduction and promoting a circular economy. The use of olive wood charcoal is particularly advantageous in regions with abundant olive cultivation, where it complements the existing biomass energy initiatives. As the demand for cleaner and more efficient energy so

In 2024, shipments abroad of olive oil and its fractions increased by X% to X tons, rising for the second year in a row after two years of decline. Total exports indicated a modest expansion from 2012 to 2024: its volume increased at an average annual rate of X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, exports increased by X% against 2022 indices. The most prominent rate of growth was recorded in 2020 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2021 to 2024, the growth of the exports remained at a lower figure.

In 2024, the Russian olive oil market was finally on the rise to reach $77M after two years of decline. Over the period under review, the total consumption indicated mild growth from 2012 to 2024: its value increased at an average annual rate of +1.7% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period.

According to Cognitive Market Research, the global Pine Nuts market size was USD 3782.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 8.20% 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 1513.00 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.4% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 1134.75 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 869.98 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.2% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 189.13 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.6% 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 75.65 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.9% from 2024 to 2031.
The Organic category is the fastest growing segment of the Pine Nuts industry

Market Dynamics of Pine Nuts Market

Key Drivers for Pine Nuts Market

Pine nuts are a nutritious and delicious snack to Boost Market Growth: The market for pine nuts, recognized for their nutritious and delicious qualities, is as consumers increasingly seek healthy snack alternatives; pine nuts' high nutritional value—rich in proteins, healthy fats, vitamins, and antioxidants—drives demand. These benefits align with growing consumer interest in wellness, boosting market growth. Pine nuts are more expensive compared to other nuts, such as almonds or peanuts. This high cost, driven by labour-intensive harvesting processes, can limit their affordability and accessibility, thus restraining broader consumer adoption. while pine nuts' health benefits and versatility drive market growth, challenges such as high prices, supply chain instability, and competition from other snacks can limit their broader market adoption. However, as consumer demand for nutritious and sustainable products continues to grow, the pine nut market has significant potential to expand.

Growing popularity of Mediterranean and Italian cuisines: The growing popularity of Mediterranean and Italian cuisines is a key driver in various food markets. These cuisines are known for their health benefits, emphasizing fresh ingredients like olive oil, vegetables, and lean proteins, appealing to health-conscious consumers. The rise of global food trends has led to an increased demand for Mediterranean and Italian dishes in restaurants, supermarkets, and meal kits. This demand is also fueled by cultural exposure through media, tourism, and social platforms, further influencing consumer preferences. Additionally, the shift toward plant-based diets and organic ingredients aligns with the principles of Mediterranean and Italian culinary traditions, boosting their appeal.

Restraint Factor for the Pine Nuts Market

Volatile market prices due to supply chain issues and climatic conditions: Volatile market prices due to supply chain issues and climatic conditions can create significant challenges for businesses. Disruptions in global supply chains, often caused by geopolitical tensions, transportation bottlenecks, or labour shortages, lead to inconsistent product availability and rising costs. Additionally, climatic conditions such as natural disasters, extreme weather, or changing agricultural cycles can impact raw material production, further inflating prices. These fluctuations make it difficult for companies to plan effectively, increasing costs and reducing profit margins. This uncertainty can also undermine consumer confidence and disrupt long-term market stability, affecting both demand and supply dynamics.

Trends of the Pine Nuts Market

Increase in the utilization of plant-based protein snacks: Pine nuts are being integrated into energy bars, granola mixes, and vegan protein blends as a healthy and functional component. This effectively positions them within the clean-label snack market.

Advancements in packaging and cold-chain logistics: To maintain freshness and quality, brands are allocating resources towards vacuum-sealed and nitrogen-flushed packaging, in addition to cold-...