The olive oil market in France, expressed in volume, stood at 117 thousand metric tons in 2023. Over the last decade, the market has shown a very modest growth trend, averaging a year-on-year increase of 0.17% and a forecasted CAGR of 0.17% for the next five years. Notably, years 2015 and 2017 saw minor upticks of 0.88% and 0.87% respectively. The last two years (2022-2023) have been relatively stable with no significant change.
Future trends to watch include:
- Potential shifts in consumer health consciousness driving increased demand for olive oil.
- Market disruptions caused by changes in agriculture policies or climate conditions affecting olive oil production.
- Technological advancements in olive oil extraction and processing that could impact market dynamics.