South America Olive - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2024 - 2029)

The South America Olive Market size is estimated at USD 665.46 billion in 2024, and is expected to reach USD 817.46 billion by 2029, growing at a CAGR of 4.20% during the forecast period (2024-2029).

In the production of olive, Peru tops with the highest production accounting for 189 thousand metric ton, followed by Argentina, which accounted for 175 thousand metric ton in 2018, thus holding the largest share of South America production. Chile holds the third-largest share.

South America Olives Market Trends

Rising Production of Olive in South America to Meet the Growing Demand

The high demand for olives is also reflected through the increase in the production of olives within the region. As per the FAO, the production of olives in the region saw an increase of 10% to 40% during the period 2016 to 2018. Peru, Argentina, Chile, Uruguay, and Brazil are the major producers of olives in South America, among which Peru and Argentina are the largest producers accounting for 70% of the production. Till 2017, Argentina and Chile were the top producers, but in 2018, Peru topped in the production accounting for 188,982 metric ton. Furthermore, the producers are applying different fermentation methods to treat olives and present the final assorted products for consumption to meet the demand, which, in turn, may boost the olive market in South America during the forecast period.

Peru Dominates the Export of Olives

Peru is the major exporter of olives in the South American region. Across all provinces, modern production systems co-exist with traditional systems, which add as a boon for the production of olives in Peru. Modern farming systems, such as intensive and super-intensive farming, are the models generally applied in the various olives growing in various regions of this country. The favorable climate of Peru boosts production, and thus, high yield and good quality create the demand for export, which, in turn, may boost the market during the forecast period. Ecuador, the United States, Brazil, and Jordan are some of the major importers of olives from Peru.

South America Olives Industry Overview

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