According to Fortune Business Insights, the global olive oil market is projected to expand to $16.64 billion by 2027, a vast increase from $13.03 billion in 2019. And there are many great reasons why olive oil — and particularly extra virgin olive oil — is growing in popularity.

For one, extra virgin olive oil is packed with antioxidants, polyphenols, and monounsaturated fats, which contribute to its high nutritional value (via Medical News Today). The culinary staple also makes a delicious addition to salads, fry-ups, and even baked goods.