The olive oil market in India reached a volume of 13.0 Thousand Metric Tons in 2023. Over the past decade, the market experienced steady growth up until 2018, followed by a period of stagnation between 2018 and 2020. An increase to 13.0 Thousand Metric Tons was observed in 2021, but this volume has remained consistent through 2023. For the past two years, the market has shown no year-on-year variation, and the CAGR over the last five years stands at 1.61%, indicating modest growth. The forecast suggests the volume will remain the same until 2027, with a slight increase to 14.0 Thousand Metric Tons in 2028.

Future trends to watch for:

Potential for market expansion driven by increasing health consciousness among consumers.
Growing popularity of Mediterranean diets may boost olive oil demand.
Policy changes and trade impacts due to geopolitical factors could influence market dynamics.