The refined olive oil market size in the Netherlands, measured in volume per capita, has seen relatively steady growth since 2012. In 2012 and 2013, the consumption stood at 0.33%, then slightly increased to 0.35% in 2014. The following years saw minor fluctuations: 0.34% in 2015, 0.35% in 2016, and 0.36% in 2017. Significant growth was witnessed in 2018 with 0.44%, though it decreased slightly to 0.42% in 2019 and again to 0.41% in 2020. The trend picked up again in 2021 reaching 0.46%, and slightly tapering off to 0.45% in 2022. As of 2023, the market for refined olive oil in volume per capita was estimated to remain stable.
Year-on-year changes for the last two years show a 12.2% increase in 2021, followed by a slight decrease of 2.1% in 2022. The compound annual growth rate (CAGR) over the last five years reflects an average growth of around 4.7% per year, indicating a stable upward trend over a longer period.
Future trends to watch for include potential shifts in consumer preference towards healthier cooking oils, which may continue to drive demand for refined olive oil. Additionally, changing dietary habits and increased awareness of Mediterranean diets could also contribute positively. Market dynamics may also be affected by supply chain factors and pricing fluctuations in the global olive oil market.
