Asia Pacific Olive Oil Market

Asia Pacific Olive Oil Market Size (2024 to 2032)

The Asia Pacific Olive Oil Market size was worth USD 2.11 billion in 2024 and estimated to be growing at a CAGR of 6.81%, to reach USD 3.57 billion by 2032.

Olive Oil is a liquid fat which is obtained from olives which is a crop typically grown in the Mediterranean basin. The oil is prepared by pressing whole olives. They are various types of olives, each type is for a particular texture, flavour or shelf life which can be used for various applications.

In countries surrounding the Mediterranean, it is used as the primary cooking oil. It is also used for the purpose of salad dressing and also for preparing cold foods. Olive oil is used in skin care for various purposes such as massages, sports injuries and to reduce muscle fatigue among others. It is a natural and safe lubricant which can be used in lubricating kitchen machinery such as blenders, grinders, cookware etc. It is used in other applications such as soap making, as a solvent and substrate in the synthesis of cadmium selenide quantum dots.

Market Drivers 

The driving factors of Asia Pacific Olive Oil market are rising demand continuously from end user industries, growing awareness about the various health benefits offered by the oil, increasing usage in the manufacture of products in beauty care and cosmetics industry, beverages industry and pharmaceutical industry among others.

Market Restraints

Changing lifestyles is also affecting the growth of this market positively. 

Segmental Analysis

Asia Pacific Olive Oil Market By Type

• Refined olive oil
• Pomace
• Virgin

Asia Pacific Olive Oil Market By Application

• Food and beverages
• Pharmaceuticals 
• personal care segments

Food and beverages is expected to have the largest share in the segment.

Asia Pacific Olive Oil Market By Region 

• India
• China
• Japan
• Australia
• Other parts 

Asia Pacific is the third largest market for olive oil in the world by share. It is also the fastest growing region in the world. Factors such as rising demand from end user industries and rising awareness about health benefits is expected to drive the market growth in the region.

Key Players in the Market

Some of the major players in the market are Salov, Borges Mediterranean Group, Ybarra, Deoleo, Sovena Group, Figaro, Farrel, Del Monte Foods, Unilever Group, and Lenard.