In 2023, the olive oil market size volume per capita in North America stood at 1.00 kilograms per capita. Forecast data suggests a consistent slight increase in olive oil consumption per capita, reaching 1.02 kilograms by 2028. From 2024 to 2025, the year-on-year variation shows no change, stabilizing at 1.01 kilograms per capita. A minimal growth is observed starting from 2026, with an increase to 1.02 kilograms per capita by 2027 and maintaining this level through 2028. Over the last two years, the compound annual growth rate (CAGR) indicates a moderate but stable increase in olive oil consumption.
Future trends to watch for include:
- Growing consumer awareness and preference for Mediterranean diets, which could further bolster olive oil demand.
- Innovations in olive oil production and sustainable practices that may attract environmentally-conscious consumers.
- Potential market disruptions due to climatic changes affecting olive cultivation or geopolitical factors influencing trade.
- Increasing competition from alternative healthy oils which could impact consumption patterns.
