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Olive Market Size (2024 - 2029)

The olive market is experiencing growth driven by changing consumption patterns, particularly the increased incorporation of olive oil into diets and the use of table olives in non-European cuisines. This expansion is not limited to the food sector; the cosmetic industry and biofuel production are also contributing to the rising demand for olives and olive trees. While Spain and Italy are the leading producers, olive cultivation is primarily concentrated in the Mediterranean region. The market's expansion is further supported by the growing interest in table olives for various culinary uses, which is expected to have a positive long-term impact on the market size.

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Market Size of Olive Industry

Olive Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 14.89 Billion
Market Size (2029) USD 18.86 Billion
CAGR (2024 - 2029) 4.85 %
Fastest Growing Market Europe
Largest Market Europe

Olive Market Analysis

The Olive Market size is estimated at USD 14.89 billion in 2024, and is expected to reach USD 18.86 billion by 2029, at a CAGR of 4.85% during the forecast period (2024-2029).

The olive market has experienced substantial growth in recent years, driven by evolving consumption patterns. Consumers are increasingly incorporating olive oil into their daily diets, while non-European countries are adopting table olives, traditionally a Mediterranean staple. Beyond culinary uses, olives are gaining traction in the cosmetic industry for various products and in the biofuel sector, where olive tree cultivation and oil production contribute to biofuel generation.

FAOSTAT data reveals Spain as the world's leading olive producer, yielding 3.9 million metric tons in 2022, followed by Turkey with 3.0 million metric tons. While olive cultivation is expanding to new regions, production remains concentrated in the Mediterranean. FAO statistics show the global harvested area for olives increased from 10.3 million hectares in 2021 to 10.9 million hectares in 2022. However, yields declined significantly, dropping from 22,751 hundred grams per hectare in 2021 to a 13.9% decrease in 2022.

Historically, olive production has primarily focused on edible oil processing. However, a growing demand for table olives is emerging, with applications in freshly fermented fruits, olive pickles, and food toppings. This trend is anticipated to positively impact the market's long-term growth prospects.

Olive Industry Segmentation

Olive is an edible green or black fruit that is used to produce olive oil. For this report, the market scope includes only fresh and chilled olives. Market estimations have been made based on the global consumption of fresh and chilled olives. The content does not include olives processed in any form, such as frozen, freeze-dried, pickled, cooked, or canned. The Olive Market Report Analyzes the Production (Volume), Consumption (Value and Volume), Import (Value and Volume), Export (Value and Volume), and Price Trend Analysis. The Market is Segmented by Geography (North America, Europe, Asia-Pacific, South America, and Africa). The report offers market size and forecast in terms of Value in USD and Volume in metric tons for all the segments mentioned above.

Geography (Production Analysis(Volume), Consumption Analysis and Market Size(Volume and Value), Import Market Analysis (Volume and Value), Export Market Analysis (Volume and Value), and Price Trend Analysis)
North America
United States
Canada
Europe
Spain
Greece
Italy
Turkey
Portugal
France
Germany
Russia
Asia-Pacific
China
India
Australia
South America
Argentina
Brazil
Chile
Africa
Morocco
Tunisia
Algeria
Egypt
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Olive Market Size Summary

The olive market is experiencing significant growth, driven by changing consumption patterns that favor the inclusion of olive oil in daily diets and the increasing use of table olives from Mediterranean cuisine in non-European countries. This demand is not limited to the food industry; it is also expanding into the cosmetics sector, where olive oil is valued for its beneficial properties, and the biofuel industry, which utilizes olive trees for fuel production. Spain and Italy are the leading producers of olives, with production concentrated in the Mediterranean region. Despite a decline in yield, the processing of olives into edible oil remains dominant, while the demand for table olives is rising, driven by their use in various culinary applications. The health benefits of olive oil, such as improved heart health and its rich content of antioxidants and fatty acids, are contributing to its growing popularity, particularly among middle-income and affluent consumers in countries like China, Brazil, and India.

Europe continues to be a major player in the olive market, being the leading producer, consumer, and exporter. The region accounts for a significant portion of global olive consumption, with countries like Spain, Italy, Greece, and France leading in consumption. The demand for olives is further supported by increasing import and export activities, with Portugal, Spain, and Greece being key exporters. Initiatives by organizations like the FAO and collaborations with the European Union aim to enhance olive oil quality and production practices. Additionally, efforts to combat adulteration and commercial fraud in olive oil are underway, reflecting the industry's commitment to maintaining quality and profitability. The market is expected to continue its upward trajectory, driven by rising global demand and strategic initiatives in production and trade.

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Olive Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Dietary Revolution Leading to an Upsurge in Demand for Olive Oil

      2. 1.2.2 Growing Export Market

      3. 1.2.3 Growing Health Awareness Drives Global Olive Oil Demand

    3. 1.3 Market Restraints

      1. 1.3.1 Climate Change and Environmental Impact

      2. 1.3.2 Threats from Pests and Diseases

    4. 1.4 Value Chain Analysis

  2. 2. MARKET SEGMENTATION

    1. 2.1 Geography (Production Analysis(Volume), Consumption Analysis and Market Size(Volume and Value), Import Market Analysis (Volume and Value), Export Market Analysis (Volume and Value), and Price Trend Analysis)

      1. 2.1.1 North America

        1. 2.1.1.1 United States

        2. 2.1.1.2 Canada

      2. 2.1.2 Europe

        1. 2.1.2.1 Spain

        2. 2.1.2.2 Greece

        3. 2.1.2.3 Italy

        4. 2.1.2.4 Turkey

        5. 2.1.2.5 Portugal

        6. 2.1.2.6 France

        7. 2.1.2.7 Germany

        8. 2.1.2.8 Russia

      3. 2.1.3 Asia-Pacific

        1. 2.1.3.1 China

        2. 2.1.3.2 India

        3. 2.1.3.3 Australia

      4. 2.1.4 South America

        1. 2.1.4.1 Argentina

        2. 2.1.4.2 Brazil

        3. 2.1.4.3 Chile

      5. 2.1.5 Africa

        1. 2.1.5.1 Morocco

        2. 2.1.5.2 Tunisia

        3. 2.1.5.3 Algeria

        4. 2.1.5.4 Egypt

Olive Market Size FAQs

The Olive Market size is expected to reach USD 14.89 billion in 2024 and grow at a CAGR of 4.85% to reach USD 18.86 billion by 2029.

In 2024, the Olive Market size is expected to reach USD 14.89 billion.

Olive Market Report Snapshots

Olive Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)