Extra Virgin Olive Oil Market Trends: Global Demand and Future Outlook

According to MRFR Analysis, the global market for extra virgin olive oil was estimated to be worth USD 9.5 billion in 2023 and is expected to expand at a compound annual growth rate (CAGR) of 5.30% from USD 10.08 billion in 2024 to USD 14.41 billion by 2032. The adoption of better lifestyles, increased health consciousness, and growing demand in the food service and retail industries are the main drivers of the rise. Additionally, the industry is impacted by the growing trend of home cooking, especially in Mediterranean nations, and the usage of olive oil in personal care products.

“Premiumisation” is the single most important retail trend shaping the Extra Virgin Olive Oil Market Trends today. Consumers in developed markets are trading up from commodity-grade oils to premium extra virgin products for flavor, health claims, and provenance. Market Research Future documents a growing share for premium and organic EVOO, with bottles and jars remaining the dominant retail packaging and premium SKUs commanding higher per-unit prices. 

Health messaging underpins that move. Scientific and consumer-health narratives around monounsaturated fats, polyphenols, and antioxidant content position EVOO as a heart-healthy cooking oil and a pantry staple for mindful eaters. This positioning enables marketers to justify premium pricing while creating opportunities for product extensions—infused oils, single-varietal runs, and culinary gift pack formats. MRFR’s segmentation shows organic EVOO market leading revenue share increases as consumers seek both health credentials and sustainability assurances. 

E-commerce is accelerating premium discovery. Non-store-based channels (online specialty retailers, DTC brand sites, and subscription boxes) have become essential for small and artisanal producers to reach high-value consumers without heavy retail listing costs. MRFR notes non-store channels as a fast-growing distribution route, enabling storytelling (origin videos, harvest notes) that builds brand trust and repeat buying.

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But premiumisation raises new responsibilities. With higher prices comes higher consumer expectation — consistent flavor, transparent origin, and verifiable quality. Producers investing in harvest-date labeling, lot tracking, and independent chemical/sensory certification are seeing stronger brand loyalty. For emerging brands, the combination of premium packaging, clear provenance, and active digital marketing is now table stakes.