The olive oil market in Vietnam has shown steady growth, progressing from 1.07 thousand metric tons in 2024 to a forecasted 1.24 thousand metric tons by 2028. The year-on-year growth rate from 2024 to 2025 is approximately 3.7%, while from 2025 to 2026 it stands at around 3.6%, and from 2026 to 2027, it is about 4.3%. The forecasted CAGR from 2024 to 2028 is approximately 3.8%.
Future trends to watch for include increasing consumer awareness about health benefits associated with olive oil, potential rises in disposable income, and a growing preference for Mediterranean cuisine. Government policies and market entry of global brands could also influence market dynamics positively.
