North America Olive Oil Market Size, Share and Outlook - Growth Analysis Report and Forecast Trends (2026-2035)

The North America olive oil market reached USD 6.94 Billion in 2025. The market is projected to grow at a CAGR of 4.80% between 2026 and 2035, reaching almost USD 11.09 Billion by 2035.

Latest News on the North America Olive Oil Market (2026)

April 2026: USDA Confirms Stronger Olive Oil Imports as Spanish Crop Recovers

The US Department of Agriculture's Foreign Agricultural Service confirmed in April that olive oil imports into the United States picked up sharply as Spain's recovered 2025-26 harvest eased pricing pressure that had pushed retail bottle prices to record highs in 2024. Major importers Deoleo, Pompeian and Sovena flagged improved availability of extra virgin grades for North American foodservice and grocery customers, Reuters reported.

March 2026: California Olive Industry Pushes for Stricter Labelling Rules

The California Olive Oil Council and members including California Olive Ranch and Cobram Estate urged the US Food and Drug Administration in March to advance stricter authenticity and origin labelling rules for olive oil sold across North America. The push follows International Olive Council reports of widespread mislabelled or adulterated extra virgin product in retail audits, as the New York Times reported.

Q1 2026 Market Updates

Geopolitical Impact of Iran, US, and Israel War on the North America Olive Oil Market

United States: The North America Olive Oil Market, a key segment of the global economy, is experiencing a complex operating environment in Q1 2026 as a direct consequence of the US-Israel-Iran war. 31 force majeure declarations by polymer suppliers, polypropylene and polyethylene price spikes, and chemical manufacturer surcharges of up to 30% are flowing through supply chains. U.S. consumer inflation is projected at 4.2% for 2026, above pre-war forecasts, with fuel costs above USD 4 per gallon compressing household discretionary budgets. Retail supply chains are absorbing the combined impact of 30% higher freight costs, 15-20% packaging material inflation, and rising transport fuel costs, compressing retailer margins. Consumer spending caution is growing as gasoline above USD 4 per gallon and 4.2% projected inflation compress household discretionary budgets.

Iran: Iran's domestic North America Olive Oil sector has been effectively suspended by the conflict. US-Israeli strikes on industrial and civilian infrastructure across Tehran, Mashhad, Isfahan, and other major cities have disrupted all commercial activity. Power outages from attacks on electricity generation facilities have halted manufacturing operations, and the collapse of the commercial banking and logistics system has eliminated any residual trade flows. The broader humanitarian crisis, with over 1,900 casualties and 4,000+ civilian buildings damaged, has redirected the entire Iranian economy toward survival rather than production or consumption.

Israel: Israel's North America Olive Oil sector is experiencing near-term disruption from wartime conditions. Consumer spending on non-essential categories has declined as millions of Israelis regularly shelter from missile and drone alerts. Supply chain logistics are disrupted by regional airspace closures, elevated war-risk insurance premiums, and the suspension of major carrier services through the region. International business partnerships with Israeli companies have been temporarily suspended. Post-conflict reconstruction and recovery demand is expected to provide meaningful demand acceleration across affected market segments once operational conditions normalise.

Market Size & Forecast

• Market Size in 2025: USD 6.94 Billion
• Projected Market Size in 2035: USD 11.09 Billion
• Compound Annual Growth Rate (CAGR) of 2026 to 2035: 4.80%