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.

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

Major Players

Olive Market Major Players

*Disclaimer: Major Players sorted in no particular order

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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, growing at a CAGR of 4.85% during the forecast period (2024-2029).

  • The olive market has increased in recent years, majorly driven by a shift in the consumption pattern toward the inclusion of olive oil in regular diet and the usage of table olives from Mediterranean cuisine in non-European countries. The demand for olives is not just rising from the food industry; the need for olives and olive trees is also rapidly growing from the Cosmetic industry to make products from the olive oils and biological fuel sector, where bilo fuel is derived from the cultivation of olive trees and the production of olive oil.
  • In terms of production, Spain is the largest producer of olives in the world, and Italy holds the second-largest share. Though olive is also produced in various new regions, it is concentrated in the Mediterranean. According to the FAO, the global harvested area of olives was recorded at 9.7 million ha in 2017, which will grow to 12.7 million ha by 2020. Global olive production also grew by 12.3% from 2017 and reached 23.6 million tons in 2020. Though the show has been increasing, the yield has been going down significantly in recent years; from 2017, the work has dropped by 14.5% and reached 18,522 hectograms per hectare in 2020.
  • Although the processing of olives into edible oil has dominated the trend of olive production for many years, the demand for table olives for various purposes, such as freshly fermented fruits, olive pickles, and food toppings, is on the rise across the country. This trend is anticipated to affect the market in the long term positively.

Olive Industry Segmentation

Olive is a green or black fruit that is edible and 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 million 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

    3. 1.3 Market Restraints

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