The olive oil domestic food consumption in Brazil is expected to show a steady increase from 76.0 thousand metric tons in 2024 to 80.0 thousand metric tons in 2028. As of 2023, the consumption stood at 75.0 thousand metric tons. The year-on-year variation indicates a consistent 1.32% growth each year from 2024 to 2028. Over the last two years, this reflects a stable growing trend. The Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 is projected to be about 1.32%.
Future trends to watch for include the rising health awareness among consumers leading to increased demand for high-quality olive oil. Additionally, economic factors and changes in import regulations could impact supply and prices. Monitoring these dynamics will be crucial for stakeholders in the olive oil market.
