In 2023, India imported virgin olive oil amounting to approximately 10.742 million USD. Over the forecast period from 2024 to 2028, imports are expected to grow annually, reaching 12.535 million USD by 2028. This represents an average compound annual growth rate (CAGR) of around 3.2% over five years. Year-over-year, the import value is projected to increase by about 3.6% in 2025 and consistently around similar rates in subsequent years, indicating a steady upward trend.

Future trends to watch for include:

Rising health consciousness among Indian consumers which may further increase demand.
Potential shifts in trade policies or tariffs impacting olive oil importation costs.
Fluctuations in olive oil production in leading exporting nations influencing supply stability and pricing.
Emerging local or regional substitutes for imported olive oil.