North America Olive Oil Market Report and Forecast 2025-2034

The North America olive oil market reached USD 6.62 Billion in 2024. The market is projected to grow at a CAGR of 4.80% between 2025 and 2034, reaching almost USD 10.58 Billion by 2034.

North America Olive Oil Market Growth

As per the Public Policy Institute of California, irrigation constitutes 40% of the overall water supply use in California. However, climate change is expected to lead to a 10% reduction in California’s water supply by 2040. With the implementation of the Sustainable Groundwater Management Act, the San Joaquin Valley is expected to witness a 20% reduction in water supply by 2040. This is expected to drive the cultivation of olive oil crops, which are drought-resistant and ideally suited for dry farming conditions. They also restrict the growth of wild plants and enable orchards to be grown as hedgerows.

Though the prices of refined virgin oils have touched $10 per litre, the high purchasing power of American and Canadian consumers has resulted in a mild impact on demand for olive oil. Major beverage brands like Starbucks are capitalising on the rising consumer appeal for olive oil by infusing it into their most popular drinks.

Moreover, the integration of smart packaging technology into olive oil manufacturing is enabling consumers to understand how edible oils are sourced, packaged, and distributed, alleviating their concerns surrounding food adulteration. Over the forecast period, QR codes and smart sensors are expected to become increasingly popular among olive oil packaging, thereby contributing to the market expansion.

North America Olive Oil Industry Segmentation

North America Olive Oil Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

Virgin
Refined
Others

Market Breakup by Application

Food and Beverage
Personal Care and Cosmetics
Pharmaceuticals
Others

Market Breakup by Distribution Channel

Supermarkets and Hypermarkets
Convenience Stores
Online
Others

Market Breakup by Country

United States of America
Canada

North America Olive Oil Market Share

Based on country, the market can be segmented into the United States of America and Canada. By 2030, the United States is expected to emerge as the topmost consumer of olive oils in the world. This is because of the increasing domestic olive oil production and rising awareness of the health benefits of olive oil consumption.

Leading Companies in the North America Olive Oil Market

The report provides a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers and acquisitions, investments, and capacity expansion.
Deoleo, S.A.
Sovena Group
Borges Agricultural & Industrial Edible Oils, S.A.
Conagra Brands, Inc.
Minerva Ltd.
Unilever Plc
Del Monte Foods, Inc.
Cargill, Incorporated
California Olive Ranch, Inc.
Pompeian, Inc.
GRUPPO SALOV
Others

Key players in the market are adopting sustainable practices in the distribution and production of olive oil. They are also investing in sustainable marketing strategies amid evolving customer behaviours. Show more