Chile Olive Oil Market Report and Forecast 2024-2032

Chile Olive Oil Market Size

The Chile olive oil market is projected to grow at a CAGR of 3.60% between 2024 and 2032.

Chile Olive Oil Market Outlook

• As per ChileOliva, Chile had a total yield of 21,000 tons of olive oil in 2023.

• As per the industry reports, Chile is the second largest producer of olive oil in America with an average annual production of around 20,000 tons.

• Chile has established itself as the major producer of ultra-premium olive oil in Japan, due to the supreme quality and resilience of its olive oil brands.

Chile Olive Oil Market Growth

The favourable climate and soil condition of the country, growing domestic consumption, and sustainable farming practices are some of the prominent drivers boosting the olive oil market growth. Chile has a stable weather pattern, and it witnesses similar weather conditions to the Mediterranean basin, which makes it an ideal land for the growth of olive trees. The diverse soil quality in the country further promotes the growth of different types of olives, providing a broad range of olive oil for domestic and international trade purposes.

The rising adoption of sustainable and organic farming practices is a crucial trend boosting the market expansion. Organic olive oil sells at a higher price compared to the conventional olive oil, which has led to an increased implementation of organic and sustainable farming practices such as reduced implementation of chemicals, water conservation, and usage of renewable energy sources.

Moreover, several olive oil brands in the country are readily implementing the Denomination of Origin (DO) label in their products to ensure its consumer base that their olive oil meets the regulatory quality and origin standards, hereby building consumer trust and promoting the domestic market growth.

Chile Olive Oil Industry Segmentation

“Chile Olive Oil Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

• Virgin 

• Refined 

• Others 

Market Breakup by Application

• Food and Beverage 

• Personal Care and Cosmetics 

• Pharmaceuticals 

• Others 

Market Breakup by Distribution Channel

• Supermarkets and Hypermarkets 

• Convenience Stores 

• Online 

• Others 

Chile Olive Oil Market Share

There is a surge in the domestic consumption of olive oil due to rising consumer awareness regarding the multiple health benefits of olive oil such as reduced risk of cardiovascular diseases, due to the presence of antioxidants in it. Moreover, the rising popularity of gourmet dishes and Mediterranean cuisine has boosted the usage of olive oils in daily cuisine and dishes. Olive oil is a key ingredient across various culinary applications, from salad dressings and marinades to sautéing and baking.

Leading Companies in Chile Olive Oil Market

The market players are continuously making research and developmental efforts to enhance the flavour, aroma and quality of olive oil.

• Borges Agricultural & Industrial Edible Oils, S.A. 

• EVOOFOODS 

• Deleyda 

• Soho SpA 

• Deoleo, S.A.

• Sovena Group

• Minerva Ltd.

• Others

Key Highlights of the Report