The forecasted domestic consumption of olive oil in Brazil shows a steady increase from 2024 to 2028. Starting at 76.0 thousand metric tons in 2024, the consumption rises gradually by 1.0 thousand metric tons each subsequent year to reach 80.0 thousand metric tons by 2028. Compared to the consumption levels recorded in 2023, this represents consistent year-on-year growth rates of approximately 1.32% annually. Over the five-year forecast period, the Compound Annual Growth Rate (CAGR) indicates an average annual increase of about 1.32%.
Future trends to watch for include potential impacts from changing consumer preferences towards healthier oils, economic fluctuations, and import policies affecting olive oil supply. Additionally, marketing campaigns and availability of diverse olive oil varieties may further stimulate demand.
