Olive oil market seen reaching $17.5 billion by 2035

The global olive oil market is projected to grow from $13.2 billion in 2025 to $17.5 billion by 2035 as health-focused shoppers and premium food trends expand demand. Europe remains the production hub, while North America and Asia-Pacific drive consumption growth.

Why it matters: - Olive oil demand is rising as consumers look for healthier cooking oils and natural ingredients. - The market’s projected climb to $17.5 billion by 2035 signals steady growth in a mature category, not a short-term spike. - Premium, organic and sustainably produced products are gaining share, which is reshaping competition and pricing.

What happened: - The global olive oil market was valued at $12.8 billion in 2024. - The market is projected to reach $13.2 billion in 2025 and $17.5 billion by 2035. - The forecast implies a 2.90% compound annual growth rate from 2025 through 2035. - Market Research Future published the forecast on June 22, 2026. - The report includes a sample request and a full report page: More information and the full report.

The details: - The market has moved from a Mediterranean-focused product to a global staple used in North America, Asia-Pacific and other emerging economies. - Health benefits tied to olive oil include heart health support, reduced inflammation and balanced nutrition. - Consumers are replacing refined vegetable oils with olive oil because of its nutritional profile and clean-label appeal. - Growing awareness of the Mediterranean diet is supporting use of olive oil in home cooking and food manufacturing. - Producers are emphasizing quality certification, origin labeling, cold-pressed extraction and organic farming. - The market is expected to add more than $4 billion between 2025 and 2035. - Household use remains the largest end-use segment. - Foodservice demand is expanding through restaurants, hotels and cafés. - Industrial demand is rising in packaged foods, ready-to-eat meals and other processed products. - Extra virgin olive oil remains the highest-quality type and is favored for salads, dressings and gourmet cooking. - Virgin olive oil is positioned for everyday cooking. - Refined olive oil is used for high-temperature cooking and mass food preparation. - Pure olive oil serves as a lower-cost blend of refined and virgin oils. - Bottles, especially glass bottles, remain the most common packaging format. - Cans are used for mid-range and bulk distribution. - Tetra packs are gaining traction in emerging markets. - Bulk containers are common in foodservice and industrial applications. - Supermarkets and hypermarkets are the leading distribution channel. - Online retail is growing quickly as e-commerce adoption rises. - Specialty stores are focused on premium, organic and imported products.

Between the lines: - The forecast points to a category that is being upgraded rather than disrupted. - Brand trust, traceability and authenticity matter more as consumers pay up for premium olive oil. - Sustainability is no longer a niche demand; it is becoming a competitive requirement. - Asia-Pacific stands out as the biggest runway for new demand because current consumption is lower than in Western markets. - Product innovation, including flavor-infused oils and functional food uses, may help producers defend margins.

What's next: - Manufacturers are likely to keep expanding into emerging markets as dietary habits evolve. - Companies are expected to invest in supply chain efficiency, production capacity and global distribution. - More brands are likely to add traceability systems so buyers can verify origin and production methods. - Organic certification and eco-friendly packaging should remain major selling points. - Related category reports are available for avocado oil, fish oil, amaranth oil, apricot oil and peanut oil.

The bottom line: - Olive oil is set for slow but durable growth, powered by health demand, premiumization and wider global adoption.