Virgin olive oil production in North America stood at 20.76 thousand metric tons in 2023. The period from 2013 to 2023 shows a clear upward trend despite fluctuations, with high initial growth and steadier increases more recently. From 2021 to 2023, there was an average annual increase of 4.34%. The compound annual growth rate (CAGR) over the last five years is 5.35%, indicating consistent growth. Future forecasts predict this trend to continue, albeit at a slightly slower pace with a 5-year CAGR of 2.83% and an overall growth rate of 15% from 2023 to 2028.

Future trends to watch for:

Adoption of sustainable farming practices influencing production levels.
Potential impact of climate change on olive yield and oil quality.
Technological advancements in olive oil extraction improving efficiency and output.
Shifts in consumer preferences towards healthier oils impacting demand.