In 2023, the Olive Oil market size in Malaysia stood at 0.050 kilograms per capita. Forecasts for the period from 2024 to 2028 exhibit a steady upward trend in per capita consumption. In 2024, the market size is expected to increase to 0.051 kg per capita, followed by incremental growth each year, reaching 0.056 kg per capita by 2028. This demonstrates a consistent year-on-year increase: 1.96% from 2024 to 2025, 1.92% from 2025 to 2026, 3.77% from 2026 to 2027, and 1.82% from 2027 to 2028. The compound annual growth rate (CAGR) over these five years is approximately 2.35%.
Future trends to watch for in the Malaysian Olive Oil market include possible shifts in consumer preferences towards healthier and organic products, the influence of global olive oil price trends, and the potential impact of marketing efforts and culinary trends promoting olive oil as a versatile cooking ingredient.
