Olive Oil Market 2033: Future Outlook, Emerging Trends
The global olive oil market is projected to be worth US$ 13.79 billion in 2023 and is expected to surpass US$ 18.35 billion by 2033. The market is expected to register at a CAGR of 2.9% during the forecast period.
The market is rapidly expanding, owing primarily to rising demand for olive oil in both the food service and retail sectors. Olive oil is extracted from olives that contain beneficial fatty acids such as oleic acid, palmitic acid, and linoleic acid. It’s a cooking oil with numerous nutritional advantages. Because of its widespread popularity, the market offe