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).

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 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 (POLVOILUSDM) from Jan 1990 to Jun 2025 about oil, World, food, and price.

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.

The Singaporean refined olive oil market rose significantly to $43M in 2024, surging by 6.2% against the previous year. Over the period under review, the total consumption indicated notable growth from 2012 to 2024: its value increased at an average annual rate of +3.3% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption increased by +82.9% against 2019 indices.

In 2024, the UK refined olive oil market increased by 14% to $136M, rising for the fifth year in a row after two years of decline. In general, the total consumption indicated a resilient expansion from 2012 to 2024: its value increased at an average annual rate of +6.5% 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 +58.5% against 2019 indices.

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

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

Market Size and Trends: The global refined olive oil market size was valued at USD XXX million in 2025 and is projected to reach USD XXX million by 2033, exhibiting a CAGR of XX% during the forecast period. The market growth is primarily driven by rising health awareness and the increasing consumption of refined olive oil as a healthy cooking oil alternative. The versatility of refined olive oil in various culinary applications, such as in dressings, sauces, fritters, and baked goods, further contributes to its market growth. Competitive Landscape and Segmentation: The market is fragmented and competitive, with key players including Acesur, Artem Oliva, Ataman Kimya, Gustav Heess, Texas Hill Country Olive Company, Sovena Group, OliveOilsLand, Palamidas Olive Oil, and Rubino. Geographically, Europe is the largest consumer of refined olive oil, followed by North America and Asia Pacific. The market is segmented based on application (industrial, retail, foodservice) and type (extra virgin, virgin, refined). Refined olive oil is primarily used in industrial applications, such as in salad dressings and canned goods, due to its neutral flavor and stability during heating.

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.

The refined olive oil market is experiencing robust growth, driven by increasing consumer awareness of its health benefits and its versatility in culinary applications. The market's expansion is fueled by several key factors, including a rising preference for healthier cooking oils, growing demand for premium and specialty olive oils, and increasing adoption of olive oil in various food and beverage products. The market size, while not explicitly stated, can be reasonably estimated based on industry reports and trends showing a significant value in the billions of dollars globally. A Compound Annual Growth Rate (CAGR) – let's assume a conservative 5% – suggests a consistent upward trajectory over the forecast period (2025-2033). This growth is further supported by the continued expansion of the olive oil industry in major production regions, such as the Mediterranean, and the entry of new players, fostering competition and innovation. However, challenges remain, including price fluctuations influenced by climate change and global supply chain disruptions. Furthermore, competition from other healthy cooking oils and the need for sustainable and ethical sourcing practices present hurdles for continued market expansion. Segmentation within the market, likely categorized by type (extra virgin, virgin, etc.), packaging, and distribution channels (retail, food service), will influence specific growth rates. Key players like Acesur, Sovena Group, and others are vying for market share, investing in product diversification and brand building to stay competitive. The future of the refined olive oil market hinges on effective strategies to address challenges and capitalize on emerging opportunities. These include focusing on premiumization, developing value-added products, enhancing supply chain resilience, and promoting sustainability initiatives to secure long-term growth. Consumer education regarding the nuances of olive oil grades and their applications will also be vital in expanding the market further. Geographical expansion into emerging markets, particularly in Asia and Africa, presents substantial growth potential, but careful market analysis and adaptation to local preferences are essential for success. By leveraging technology, enhancing distribution networks, and addressing consumer demands for authenticity and traceability, the refined olive oil market is poised for sustained growth throughout the forecast period.

The increasing consumer awareness and inclination for healthier nutritional options along with increasing concerns about the impact of the food manufacturing industry on the environment are drivers accelerating the Olive Oil Market. According to the analyst from Verified Market Research, the Olive Oil Market is estimated to reach a valuation of USD 19.96 Billion over the forecast period 2031, by subjugating around USD 14.33 Billion valued in 2023.

The rising concerns about sustainability and the ecological footprint are insisting on the use of environmentally friendly protocols, products, and processes during food production, thereby, boosting the application of olive oil as a sustainable option relatively due to less water and land requirements. Also, the changing customer tastes and inclination toward healthier and more sustainable options are driving the Olive Oil Market, and enabling the market to grow at a CAGR of 4.23% from 2024 to 2031.

Olive Oil Market: Definition/Overview

Olive oil is a vegetable oil derived from olives, the fruit of the olive tree. It is widely used in cooking, cosmetics, medications, and even as the fuel for traditional oil lamps. Olive oil is highly valued in the kitchen for its distinct flavor and adaptability, and it is used in a range of culinary applications including salad dressings, marinades, sautéing, and frying. Its high smoke point makes it suited for high-temperature cooking while keeping nutritional value.

Furthermore, aside from the kitchen, olive oil is commonly utilized in cosmetics products for its moisturizing and antioxidant characteristics, as well as in medications for potential health advantages. Also, it has historical and cultural significance in Mediterranean cuisines and lifestyles, where it is commonly employed as a staple ingredient due to its flavor and health-promoting properties.

In 2024, the Russian refined olive oil market increased by 17% to $1.1B, rising for the fourth year in a row after three years of decline. In general, the total consumption indicated a pronounced increase from 2012 to 2024: its value increased at an average annual rate of +2.9% 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 +89.3% against 2020 indices.

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

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

Olive Oil Market Size, Share, Statistics, Trends & Industry Analysis Report by Type (Virgin olive Oils, Pure/Refined Olive Oil, and Others), By End-User (Household/Retail, Foodservice/HORECA, Food Manufacturing, and Others) and By Region - Market Scope, Growth Opportunities & Global Forecast, 2021-2028

The refined olive oil market, valued at $275 million in 2025, is projected to experience robust growth, exhibiting a compound annual growth rate (CAGR) of 4.9% from 2025 to 2033. This expansion is driven by several key factors. The increasing consumer awareness of the health benefits associated with olive oil, particularly its monounsaturated fats and antioxidants, fuels demand across various applications. The rising popularity of Mediterranean diets globally further contributes to this growth trajectory. The cosmetics and personal care industry's adoption of olive oil as a natural ingredient in skincare and haircare products is another significant driver. Furthermore, the expanding use of olive oil in nutritional supplements and functional foods caters to the growing health-conscious population. While challenges exist, such as price volatility influenced by olive harvests and competition from other vegetable oils, the overall market outlook remains positive, underpinned by the inherent health benefits and versatility of refined olive oil. Market segmentation reveals a diverse landscape. The application segment is dominated by cosmetics and personal care, followed by nutritional products and edible applications. Within the type segment, organic refined olive oil is experiencing faster growth compared to traditional varieties, driven by increasing consumer preference for natural and sustainably produced products. Geographically, North America and Europe currently hold the largest market shares, but significant growth potential exists in Asia-Pacific regions like India and China, fueled by rising disposable incomes and changing dietary habits. The competitive landscape includes both established multinational companies and regional players, with a focus on product innovation and branding to capture market share. The forecast period anticipates a continuous expansion of the market, with specific regional growth rates influenced by factors such as economic development and consumer preferences. The market's future success hinges on sustained consumer demand driven by health consciousness and the continued innovation within the industry.

The refined olive oil market exhibits strong growth potential, with a market size of $314.8 million in 2025. While the exact Compound Annual Growth Rate (CAGR) is unavailable, considering the consistent demand for healthy cooking oils and the increasing awareness of olive oil's health benefits, a conservative estimate of 5% CAGR from 2025 to 2033 appears reasonable. This would project the market to surpass $500 million by 2033. Key drivers include the rising consumer preference for healthier alternatives to other cooking oils, fueled by increasing health consciousness and a growing understanding of the nutritional benefits of olive oil. Furthermore, the versatile culinary applications of refined olive oil, its stability at high temperatures, and its neutral flavor profile cater to diverse consumer preferences. Trends such as the growing popularity of Mediterranean diets and the increasing availability of olive oil in various product formats (e.g., single-serve bottles, convenient spray bottles) contribute significantly to market expansion. However, potential restraints include price fluctuations influenced by global olive harvests, competition from other vegetable oils, and the potential for adulteration within the market. Effective brand building and quality assurance are therefore crucial for market players. The competitive landscape involves a mix of large multinational corporations and smaller, regional producers. Companies such as Acesur, Sovena Group, and others leverage their established distribution networks and brand recognition to maintain a significant market share. However, the emergence of smaller, niche brands focusing on organic or specialty olive oils presents a dynamic competitive arena. Successful players must focus on product innovation, sustainability initiatives, and effective marketing strategies to capture and retain market share within this growing segment. Regional variations in consumption patterns and consumer preferences suggest significant opportunities for tailored marketing and product offerings across diverse geographical areas.