The olive oil market in the UK has shown a general upward trend from 2013 to 2023, rising from 94.006 million Euros to 144.91 million Euros. However, this growth has faced yearly fluctuations with notable declines in 2016 and 2019. The market value in 2023 stood at 144.91 million Euros. In recent years, the year-on-year variation illustrates a moderate growth; 2.47% in 2022 and 2.36% in 2023. The CAGR from 2019 to 2023 averaged 0.68%, highlighting a slower but stable growth rate. The forecasted CAGR for the next five years is 1.63%, indicating continued albeit modest market expansion.

Future trends to watch for include:

Increasing consumer demand for healthier and premium cooking oils.
Adoption of sustainable and organic production practices.
Impact of economic factors such as inflation and currency fluctuation on olive oil prices.
Potential influence of Brexit on import regulations and market dynamics.