The Canadian olive oil market shows a steady but slight growth trend in per capita consumption. In 2023, the consumption stood at an estimated 1.26 kilograms per capita. From 2024 onwards, forecasts suggest a gradual increase to 1.29 kilograms by 2028. Year-on-year analysis reveals minimal variations, with 2025 mirroring 2024, a 0.79% growth in 2026 compared to 2025, and a 0.78% increase in 2027. The five-year compound annual growth rate (CAGR) indicates an average growth target of 0.48% per year.

Future trends to watch for:

Increased consumer interest in Mediterranean diets and health-conscious lifestyles might drive higher consumption rates.
Price fluctuations due to climatic impacts on olive yields could influence market dynamics.
Potential growth in the use of olive oil in culinary practices and specialty food sectors.