Global Olive Market Overview and Insights:
Olive Market research is an ongoing process. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.
What is the Future Market Size of the Olive Industry and its Yearly Growth Rate?
The Global Olive Market size was valued at USD 13.98 billion in 2023 is projected to reach USD 19.47 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 4.85% during the forecast period, i.e., 2025-30. The varied flavors health benefits of Mediterranean cuisine have fueled a significant global demand for Italian Spanish dishes. Countries like the US, the UAE, Singapore, and others have seen a rise in the number of Mediterranean restaurants, driven by this strong demand. These restaurants serve popular Mediterranean dishes such as Mediterranean Salmon, Mediterranean Pasta, and Olive Salad with Lemon-Pomegranate Dressing, with table olives playing a vital role in these meals. Consequently, the expansion of Mediterranean restaurants worldwide is a key factor in the growth of the Olive Market.
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Who are the Main Competitors Driving the Global Olive Market Forward?
The prominent players essentially operating in the Olive Market are as follows:
- Olive Line International S.L
- GARO-Aceituna Verde SL
- Fruyper SA
- 2Brothers Company
- EVGE Hellenic Food Company
- GAIA Olives
- Olives Escamilla
- Eugene Brunel
- Bell-Carter Foods, LLC
- Agrosevilla
- Sovena Group
- La Salerosa
- OliveOilsLand
- Artem Oliva
- Aceitunas Guadalquivir S.L.
- Others
Global Olive Market Driver:
Expansion of Quick Service Restaurant (QSR) Chains to Generate Noteworthy Demand for Table Olives – Consumers residing in countries of North America, Europe, and Asia-Pacific are witnessing rapid urbanization and a substantial increase in disposable income. This has affected the eating behavior of individuals enhanced the inclination towards fast food, which subsequently has led to a surge of quick service restaurants (QSRs). Major QSRs chains like Subway, Taco Bell, Domino’s Pizza, etc., have expanded their network across the globe, which spurred their number during 2019-2023. For instance:
- In 2023, Burger King announced its plan to launch 200 new Burger King restaurants annually in China.
These QSRs generally serve fast food items like burgers, sandwiches, pizza, pasta, etc., all of which have table olives as a main ingredient, which significantly augments the need for olives. Moreover, owing to the low-pricing quick service of these outlets, consumers are getting more habitual of the fast food offered by QSR. Hence, the QSR chains are predicted to expand further, which would continuously generate demand for olives during the forecast period.
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What is the Segmentation of the Global Olive Market?
The Olive market covered in this report is segmented –
- By Type
- Green Olive- Market Size Forecast 2020-2030, (Thousand Tons)
- Black Olive- Market Size Forecast 2020-2030, (Thousand Tons)
Green Olive type accounted for a substantial market share, as this variety is used mostly in all Mediterranean dishes, such as Mediterranean pasta salad, green olive hummus, etc.
- By Product
- Raw Olive- Market Size Forecast 2020-2030, (Thousand Tons)
- Canned Olive- Market Size Forecast 2020-2030, (Thousand Tons)
- Frozen Olives- Market Size Forecast 2020-2030, (Thousand Tons)
- Dried Olives- Market Size Forecast 2020-2030, (Thousand Tons)
- Pickled Olives- Market Size Forecast 2020-2030, (Thousand Tons)
- Others (Stuffed Olives, Marinated Olives, etc.)- Market Size Forecast 2020-2030, (Thousand Tons)
- By End User
- Households- Market Size Forecast 2020-2030, (Thousand Tons)
- Food Service Sector- Market Size Forecast 2020-2030, (Thousand Tons)
- By Sales Channel
- Direct/B2B- Market Size Forecast 2020-2030, (Thousand Tons)
- Indirect/B2C- Market Size Forecast 2020-2030, (Thousand Tons)
- Hypermarkets/Supermarkets- Market Size Forecast 2020-2030, (Thousand Tons)
- Convenience Store- Market Size Forecast 2020-2030, (Thousand Tons)
- Online Stores- Market Size Forecast 2020-2030, (Thousand Tons)
- Others- Market Size Forecast 2020-2030, (Thousand Tons)
- By Region
- North America
- South America
- Europe
- The Middle East Africa
- Asia-Pacific
Key Questions Answered in the Research Report
- What is the predicted Olive market size and growth rate for the years 2025-30?
- What challenges are restricting the growth of the Olive market?
- Which segment accounted for the largest market share in the Olive market?
- Which prominent companies are leading growth in the Olive market?
- In what formats does Markntel Advisors deliver the concerned report descriptions?
- How long does it take for customers to receive the reports provided by Markntel Advisors?
- Does Markntel Advisors provide customized reports?
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