Market Overview
Asia Pacific holds a considerable share of the global olive oil market. The Asia Pacific olive oil market size is projected to grow at a CAGR of 5.62% during the forecast period. The global olive oil market size is projected to grow from USD 15.60 billion in 2025 to USD 19.77 billion by 2032.
Rising awareness toward well-being and increasing production of olive fruit oil are set to propel the market growth. There are several trade campaigns by various associations, such as the International Olive Council and the Interprofessional Association of Spanish Olive Oil, for the promotion of the consumption. Fortune Business Insights™ shares this information in its report titled “Asia Pacific Olive Oil Market, 2025-2032.”
List of Key Players Profiled in the Report
Wilmar International Ltd (Singapore)
LACONIKO ASIA (U.S)
Deoleo SA (Spain)
Toyo Olive Co., Ltd. (Japan)
Modi Naturals Ltd. (India)
The Australian Olive Company (Australia)
Grampians Olive Co. (Australia)
Red Island Olive Oil (Australia)
Cockatoo Grove (Australia)
Kyneton Olive Oil (Australia)
Segments:
On the basis of type, the market is divided into virgin, refined/pure, and others (lampante oil and pomace oil).
Based on end-user, the market is divided into household/retail, foodservice/HoReCa, food manufacturing, and others.
Geographically, the market is studied across China, Japan, Australia, and the Rest of Asia Pacific.
Source: https://www.fortunebusinessinsights.com/asia-pacific-olive-oil-market-107550
Report Coverage
The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market's key players.
Drivers and Restraints
Increasing Production of Olive to Propel Market Development
Increasing production of olive is anticipated to drive the Asia Pacific olive oil market growth. The demand for refined olive fruit oil is increasing across several countries in Asia owing to its health benefits and growing use in cosmetic and personal care. China is one of the leading consumers of olive. The government of the country is also promoting regional production to minimize dependency on imports. It also helps in reduction of the prices of the oil, which is making it more affordable. The increasing olive production in Asia Pacific is expected to support the steady growth of the market.
However, high dependency of olive fruit oil on imports is expected to restrain the market growth.
Competitive Landscape
Expansion of Geographical Presence by Key Players to Advance Market Path
The presence of market players, such as Wilmar International Ltd., Toyo Olive Co., Ltd, Grampians Olive Co., and Laconiko Asia, is resulting in contributing to the expansion of the Asia Pacific olive oil market share. Several emerging players such as Cockatoo Grove, Kyneton Olive Oil, and more are introducing new products with organic and other claims. It allows the new entrants to acquire market share and stay competitive with larger brands. The market also has other players such as Leya Olive Oil and Deoleo S.A. In July 2021, Deoleo SA started offering its extra virgin oil in the flagship stores across China. Deoleo SA is a Madrid-based company and has expanded its distribution channel to increase its geographical presence.
Key Industry Development
March 2022- Cockatoo Grove launched its organic extra virgin olive fruit oil in Woolworths Supermarket stores in Australia.