Attributes and Key Statistics of the India Olive Oil Market Report by IMARC Group:
Base Year: 2024
Forecast Years: 2025-2033
Historical Years: 2019-2024S
Market Size in 2024: USD 515.2 Million
Market Forecast in 2033: USD 1,558.3 Million
Market Compound Annual Growth Rate 2025-2033: 12.14%
As indicated in the latest market research report published by IMARC Group, titled “India Olive Oil Market Report by Type (Virgin Olive Oil, Refined Olive Oil, Extra Virgin Olive Oil, Olive Pomace Oil, and Others), Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Online Stores, and Others), Application (Food and Beverage, Pharmaceuticals, Cosmetics, and Others), and Region 2025-2033,” this report provides an in-depth analysis of the industry, featuring insights into the market. It encompasses competitor and regional analyses, as well as recent advancements in the market.
India Olive Oil Market Size & Future Growth Potential:
The India olive oil market size was valued USD 515.2 Million in 2024. By 2033, this figure is projected to reach around USD 1,558.3 Million, with a compound annual growth rate (CAGR) of 12.14% over the forecast period (2025-2033).
Core Factors Driving Market Trends:
The olive oil market in India is identifying the dynamic trends of changing consumer preferences towards healthier lifestyles and the use of premium oils for cooking. Keeping health first, olive oil is receiving more and more attention due to its heart-healthy benefits as it is rich in monounsaturated fats and antioxidants. The trend of urbanization and rise in disposable incomes have two times accelerated the demand, particularly in cities where Mediterranean and other international cuisines are becoming popular. Besides, the adoption of digital media and e-commerce have impacted positively on the market by providing consumers with a wider choice as many foreign olive oil brands are now readily available.
As the market is receiving increasing demands for various segments, the consumption of organic and extra-virgin olive oil is garnering a lot of interest among customers as they look for quality and purity. The publicity that the production of olive oil enjoyed throughout its history, thanks to the proliferation of gourmet cooking shows and the celebrity endorsements, has become a significant factor. Besides, the method of infusing flavored oils like garlic, and herbs with olive oil is fascinating for the food lovers audience. The success of a product largely depends on its easy access to customers and the introduction of a modern retail format filled with supermarkets and hypermarkets has improved product visibility and availability significantly.
On the other hand, the authorities are trying to spread the message that olive oil is beneficial for a healthier lifestyle and that it can prevent lifestyle diseases which, in turn, is expanding the market. Consumers are deeply involved in online grocery shopping, a trend that has been strengthened by the pandemic and is continued by post-pandemic behavior. It is also supported by platforms that offer various discounts and subscription models to attract and retain customers.
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India Olive Oil Market Scope and Growth Analysis:
Olive oil is one of the most promising markets in India and is expected to grow significantly owing to the awareness of a healthy lifestyle and the increased occurrence of chronic diseases. As consumers become more conscious of the various health benefits of olive oil especially over traditional cooking oils, the demand for olive oil is likely to go up at a steady pace.
The market is differentiated by different grades, which include extra-virgin, virgin, and refined olive oil, out of which the extra-virgin variants are found to be the most popular because of their quality and health benefits. Along with this, the foodservice industry growth, which consists of cafes, restaurants, and hotels, is leading the olive oil in large quantities to be used in gourmet and fusion cuisines.
Besides this, the national output is still very low and so most of the products are brought in heavily all the way from Spain, Italy, and Greece which is good news for all the foreign brands that are eyeing the Indian market to enter and establish themselves there. Not only that but it is predicted that the market for olive oil will grow as consumers' cooking and skincare choices become more varied and are also influenced by attractive campaigns.
The development of private label brands is one of the major factors in the olive oil market, and the increase in the number of brands using competitive pricing strategies is helping the olive oil market grow in the middle-class segment. Besides, the growing investments in distribution channels and partnerships with local retailers in tier 2 and tier 3 cities are leading to higher market penetration in these locations.
The rising preference for plant-based and natural products has turned olive oil into a healthy alternative for the consumers, and this will be the major reason for the steady development of this market in the forthcoming years.
Comprehensive Market Report Highlights & Segmentation Analysis:
The market report offers a comprehensive analysis of the segments, highlighting those with the largest India olive oil market share. It includes forecasts for the period 2025-2033 and historical data from 2019-2024 for the following segments.
Type Insights:
- Virgin Olive Oil
- Refined Olive Oil
- Extra Virgin Olive Oil
- Olive Pomace Oil
- Others
Distribution Channel Insights:
- Supermarkets and Hypermarkets
- Convenience Stores
- Online Stores
- Others
Application Insights:
- Food and Beverage
- Pharmaceuticals
- Cosmetics
- Others
Regional Analysis:
- North India
- East India
- West and Central India
- South India
Competitor Landscape:
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.
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Key highlights of the Report:
- Historical Market Performance
- Future Market Projections
- Impact of COVID-19 on Market Dynamics
- Industry Competitive Analysis (Porter’s Five Forces)
- Market Dynamics and Growth Drivers
- SWOT Analysis (Strengths, Weaknesses, Opportunities, Threats)
- Market Ecosystem and Value Creation Framework
- Competitive Positioning and Benchmarking Strategies
Major Advantages of the Report:
- This report provides market leaders and new entrants with accurate revenue estimates for the overall market and its key subsegments.
- Stakeholders can leverage this report to gain a deeper understanding of the competitive landscape, enabling them to strategically position their businesses and develop effective go-to-market strategies.
- The report provides stakeholders with valuable insights into the market dynamics, offering a comprehensive analysis of key drivers, restraints, challenges, and opportunities.
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