Australia olive oil market seen reaching $638.5 million by 2034

By AI, Created 4:56 PM UTC, May 18, 2026, /AGP/ – Australia’s olive oil market is projected to grow from $440.6 million in 2025 to $638.5 million by 2034, driven by health-focused demand, premium extra virgin products and rising domestic production. Cobram Estate’s expansion and stronger exports underscore how local producers are using global supply disruptions to push into new markets.

Why it matters: - Australia’s olive oil market is moving from a niche category into a premium growth segment. - The market’s projected rise to $638.5 million by 2034 points to stronger demand for higher-value products and more room for domestic producers. - Stronger local supply could reduce import reliance and increase export potential.

What happened: - The Australia olive oil market reached USD 440.6 million in 2025. - The market is forecast to hit USD 638.5 million by 2034, representing a 4.21% CAGR from 2026 to 2034. - Domestic production is concentrated in Victoria, South Australia, New South Wales and Western Australia. - Australians consume about 50,000 tonnes of olive oil a year. - Domestic producers supply roughly one-third of national demand.

The details: - Extra virgin olive oil holds the dominant consumer preference because of premiumization, clean-label demand and health perceptions. - Supermarkets and hypermarkets remain the main sales channel. - Online stores are the fastest-growing channel for premium, single-origin, organic and limited-release products. - Food and beverage is the largest application segment. - Olive oil use is expanding into frying, roasting, baking and desserts. - E-commerce is helping producers sell directly to consumers. - Sustainability, traceability and recyclable packaging are becoming key differentiators. - The report lists Cobram Estate Olives, Bovalina Group, Diana Olive Oil Holdings, Frankland River Olive Company, Goldi, Grampians Olive Co., Great Southern Groves, It’s Olio AU, Mount Zero Olives, Oasis Olives, Penfield Food Co. and The Australian Olive Company among major players. - IMARC Group segments the market by type, distribution channel, application and region. - The report also says production could be broken out across ACT & New South Wales, Victoria & Tasmania, Queensland, Northern Territory & South Australia, and Western Australia. - A sample report is available here. - The full report is available here.

Between the lines: - The market’s growth is being shaped by two forces at once: higher health-conscious demand and stronger domestic production capacity. - Global supply disruptions in Europe are opening export opportunities for Australian producers. - Cobram Estate’s acquisition of California Olive Ranch signals a push toward international scale and consolidation. - The report also points to AI adoption in precision agriculture, harvesting and traceability as a competitive advantage for large producers.

What’s next: - Export growth is likely to remain a key theme as Australian producers target Southeast Asia, the Middle East and North American markets. - Premium and organic products should continue gaining shelf space and direct-to-consumer traction. - Industry investment is likely to focus on processing capacity, grove expansion and supply-chain integration. - AI-enabled farming and traceability tools may become more central to quality control and efficiency.

The bottom line: - Australia’s olive oil market is getting bigger, more premium and more internationally competitive at the same time.