Graph and download economic data for Global price of Olive Oil (POLVOILUSDM) from Jan 1990 to Jun 2025 about oil, World, food, and price.

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).

Graph and download economic data for Global price of Olive Oil (POLVOILUSDQ) from Q1 1990 to Q2 2025 about oil, World, food, and price.

According to Cognitive Market Research, the global Extra Virgin Olive Oil market size will be 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 ba...

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

In 2024, the Azerbaijani virgin olive oil market decreased by -17.5% to $2.8M, falling for the second consecutive year after two years of growth. In general, consumption recorded a mild descent. Over the period under review, the market reached the maximum level at $6.2M in 2017; however, from 2018 to 2024, consumption remained at a lower figure.

European Union - Harmonised index of consumer prices (HICP): Olive oil was 148.07 points in June 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 July 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.

Extra Virgin Olive Oil: Derived from the first cold pressing of olives, extra virgin olive oil is highly prized for its low acidity level, superior flavor, and nutritional value. It is considered the highest grade olive oil and is ideal for salads, dressings, and dipping. Extra virgin olive oil is rich in antioxidants, polyphenols, and monounsaturated fats, which contribute to its health benefits, including heart health, anti-inflammatory properties, and reduced risk of chronic diseases.Virgin Olive Oil: Obtained through the second cold pressing, virgin olive oil offers a slightly higher acidity level and less intense flavor compared to its extra virgin counterpart. It retains many of the health benefits of extra virgin olive oil and has a slightly higher smoking point. It is well-suited for both cooking and finishing dishes, adding a rich, fruity flavor to various preparations.Refined Olive Oil: Refined olive oil undergoes additional processing to remove impurities and adjust its color and taste. It has a higher smoke point, making it ideal for cooking and frying at higher temperatures. It is often used in commercial food preparation due to its neutral flavor and cost-effectiveness. However, it has a milder flavor and lower nutritional value compared to extra virgin and virgin olive oil.Other Varieties: Olive oil also exists in other varieties with specific characteristics and applications: - Lampante Oil: A lower-grade olive oil that is not suitable for human consumption and is typically refined or used for industrial purposes. - Pomace Olive Oil: Extracted from olive pulp and seeds after the initial pressing, pomace olive oil has a lower quality and is often used in cooking and industrial applications. - Flavored Olive Oil: Infused with herbs, spices, or other natural ingredients, flavored olive oil adds a unique taste to dishes. It is often used as a finishing oil for salads, pasta, and other dishes, adding a distinctive flavor profile. Recent developments include: In the year 2022, one of the leading market players, Deoleo which is known for its authentic olive oil production had launched its product in the new packaging format, which is an oval-shaped bottle and has thereby created Piazza dell anfiteatroto. This adoption has created a huge consumer base for their product., In the year 2022, one of the leading market players, Pompeian Inc has launched a series of three olive oil and vinegar which had showcased their uniqueness in the category progression in flavor profile and brought in a large spectrum of flavor experiences as well., In the year 2022, one of the leading market players, Orfeu which is a Brazilian-based company had announced their series of olive oils, which caters to the growing demand of the country and thereby amplified the overall growth of the olive oil market across the region.. Key drivers for this market are: Rise In Number Of High Net Worth Individuals, Growth Of Luxury Travel Industry; Rise In Per Capita Disposable Income. Potential restraints include: Drifting Consumer Preference Towards Non-Alcoholic Beverages, Stringent Government Policies. Notable trends are: Premiumization of wines and spirits to propel market growth.

For the third year in a row, the UK olive oil market recorded growth in sales value, which increased by 35% to $335M in 2024. Over the period under review, consumption, however, recorded a strong increase. Olive oil consumption peaked in 2024 and is expected to retain growth in years to come.

The Europe virgin olive oil market rose modestly to $9.4B in 2024, with an increase of 1.7% against the previous year. The total consumption indicated a pronounced increase from 2012 to 2024: its value increased at an average annual rate of +3.2% 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 +105.0% against 2022 indices.

The global olive oil market surged to $17.6B in 2024, jumping by 16% against the previous year. The market value increased at an average annual rate of +2.2% from 2012 to 2024; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the global market reached the maximum level in 2024 and is expected to retain growth in the near future.

Organic Extra Virgin Olive Oil: Produced without synthetic fertilizers or pesticides, it caters to growing consumer demand for organic and sustainable products.Conventional Extra Virgin Olive Oil: Produced using traditional methods, it accounts for a substantial portion of the market.Bottles & Jars: Convenient and widely used packaging options, especially for retail sales.Cans: Optimal for bulk storage and preserving freshness.Store-Based: Supermarkets, hypermarkets, and specialty stores dominate the distribution channel.Non-Store-Based: Online retailers and direct-to-consumer sales are gaining traction. Recent developments include: February 2022 - Curation Foods, Inc., under its brand O Olive Oil & Vinegars, launched a batch of Olio Nuovo Extra Virgin Olive Oil, a seasonal oil with a fresh and robust flavor., August 2020 - Orfeu, a firm located in Brazil, announced the launch of a new line of olive fruit oils. The company wants to meet the rising demand for this oil in Brazil and strengthen its market position., July 2020 - Greek food producer, Odysea, launched a new range of premium extra virgin olive oils to capitalize on the growing demand for premium healthy oils.. Notable trends are: Increasing the use of olive oil in personal/ skincare products and pharmaceutical drugs to boost the market growth.

Forecast: Olive Oil Market Size Volume in Poland 2023 - 2027 Discover more data with ReportLinker!

The size of the U.S. Olive Oil Market was valued at USD 3.34 billion in 2023 and is projected to reach USD 5.51 billion by 2032, with an expected CAGR of 7.4 % during the forecast period. The U.S. olive oil market has been continuously growing, due to rising health-conscious consumer behavior and growing awareness of the benefits of olive oil. Extra virgin olive oil is valued for its heart-healthy fats, antioxidants, and anti-inflammatory properties, which have made it popular as a cooking and salad dressing staple. As more American consumers embrace Mediterranean diets, demand for premium, high-quality olive oil has increased. The market has also been impacted by the growth in culinary tourism and food bloggers who emphasize authentic and high-quality ingredients. With the increasing trend toward organic and sustainably sourced food, there is a rising preference for olive oils that are certified organic and traceable to their origin. The U.S. market is also diversifying olive oil products, including flavored oils and smaller, artisanal brands, offering consumers a wider range of choices. This growth trajectory continues to indicate expansion in the U.S. olive oil market. Recent developments include: In September 2024, Corto Olive Co. launched its limited-edition Harvest 2024 Agrumato-Method Calabrian Chili Olive Oil, perfect for enhancing fall and holiday recipes. This unique oil combines the vibrant flavors of fresh heirloom Calabrian chilies and fall-harvest olives, delivering a complex and multi-dimensional taste experience. Renowned for its 100% California-grown olive oil, Corto aims to inspire home chefs seeking to add a spicy twist to their culinary creations this season. , In April 2024, Filippo Berio teamed up with the Alzheimer’s Drug Discovery Foundation to raise awareness and fund research for Alzheimer’s disease and related dementias. This partnership aligns with emerging research suggesting that olive oil may benefit both cardiovascular and brain health. The collaboration aims to promote awareness of lifestyle changes, particularly healthy dietary choices, that can positively impact brain health, helping consumers make informed health decisions. , In March 2024, California Olive Ranch (COR), a leading producer of extra virgin olive oil (EVOO) and related types, launched its new Chef's Bottles, designed to provide a versatile and user-friendly option for enjoying high-quality EVOO in everyday cooking. This type follows COR's recent expansions, which include a 100% California EVOO Bag-in-Box and a recyclable aluminum bottle line. The Chef's Bottle offers improved pouring control and reflects the brand's dedication to California's stringent quality standards, which are recognized as the highest in the world for EVOO .

Forecast: Olive Oil Market Size Volume in North America 2023 - 2027 Discover more data with ReportLinker!

Global Olive Oil market size 2021 was recorded $13580 Million whereas by the end of 2025 it will reach $15638.8 Million. According to the author, by 2033 Olive Oil market size will become $20740.3. Olive Oil market will be growing at a CAGR of 3.592% during 2025 to 2033.

Global Olive Oil market size is expected to reach $16.98 billion by 2029 at 5.9%, surging demand for olive oil in food service and retail sectors drives market expansion

Spain - Harmonised index of consumer prices (HICP): Olive oil was 138.33 points in June 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 August 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.

Cosmetic Grade Olive Oil Market Outlook

The global cosmetic grade olive oil market size was valued at approximately USD 686.5 million in 2023 and is projected to reach around USD 1,295.7 million by 2032, growing at a CAGR of 7.3% during the forecast period. This robust growth is primarily driven by the increasing demand for natural and organic skincare products, coupled with a rising awareness about the benefits of olive oil in cosmetic formulations.

The primary growth factor for the cosmetic grade olive oil market is the burgeoning consumer inclination towards natural and organic beauty products. As consumers become more health-conscious, there is a noticeable shift away from synthetic ingredients towards natural alternatives. Olive oil, known for its moisturizing and antioxidant properties, fits well within this trend. Additionally, the rising prevalence of skin-related issues such as dryness, eczema, and psoriasis has led consumers to seek products with therapeutic benefits, further propelling the demand for olive oil in cosmetics.

Moreover, the growing disposable income and changing lifestyles in emerging economies are significant contributors to market growth. As consumers in these regions gain more spending power, there is an increased willingness to invest in premium skincare and haircare products. This trend is particularly evident in countries like China and India, where the beauty and personal care market is experiencing exponential growth. The cultural significance of olive oil in Mediterranean regions also plays a role, as these traditions spread globally and influence consumer preferences.

The rise in e-commerce platforms has also played a crucial role in driving the cosmetic grade olive oil market. Online retailing has made it easier for consumers to access a wide range of beauty products, including those that contain olive oil. This convenience, combined with the increasing penetration of smartphones and internet connectivity, has led to a surge in online sales of cosmetic products. Furthermore, online platforms often provide detailed product information and customer reviews, aiding consumers in making informed purchasing decisions.

The introduction of Oil Casin into the cosmetic industry marks a significant advancement in the formulation of skincare and haircare products. Oil Casin, derived from a unique blend of natural oils, is gaining popularity for its exceptional ability to enhance the moisturizing and nourishing properties of cosmetic products. Its incorporation into formulations is particularly beneficial for individuals with dry or sensitive skin, as it provides a soothing and hydrating effect. The versatility of Oil Casin allows it to be used in a wide range of applications, from creams and lotions to shampoos and conditioners. As consumers continue to seek natural and effective solutions for their beauty needs, Oil Casin is poised to become a staple ingredient in the cosmetic industry, further driving the demand for innovative and high-quality products.

From a regional perspective, North America and Europe are the leading markets for cosmetic grade olive oil, driven by high consumer awareness and a strong preference for natural ingredients in personal care products. However, the Asia Pacific region is anticipated to witness the highest growth rate during the forecast period. The rapid urbanization, growing middle-class population, and increasing beauty consciousness in countries such as China, India, and Japan are key factors driving the market in this region. Additionally, the influence of Western beauty standards and the increasing availability of international brands are contributing to the market expansion in Asia Pacific.

Product Type Analysis

The cosmetic grade olive oil market can be segmented by product type into Extra Virgin Olive Oil, Virgin Olive Oil, Refined Olive Oil, and Pure Olive Oil. Each of these types has unique characteristics and applications in the beauty industry, contributing to their varying levels of popularity and demand.

Extra Virgin Olive Oil is the highest quality and most sought-after type in the cosmetic industry. It is extracted from the first pressing of olives, retaining most of its natural antioxidants, vitamins, and beneficial compounds. This type of olive oil is highly valued for its purity and effectiveness in skincare and haircare formulations. Extra Virgin Olive Oil is often used in premium and organic beauty products due to its superior moisturizing

The Greek virgin olive oil market surged to $548M in 2024, jumping by 82% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $572M in 2017; however, from 2018 to 2024, consumption remained at a lower figure.