PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1273597
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1273597
Olive Market Forecasts to 2028 - Global Analysis By Type, Product Form, End User, Distribution Channel and By Geography
According to Stratistics MRC, the Global Olives Market is growing at a CAGR of 6.5% during the forecast period. An edible olive fruit can be green or black. The olive is one of the most widely grown crops. This tree also provides olive pits. Olive, also known as a table olive, is a premium raw material used to create the well-known product known as olive oil. Different ripening levels at the time of harvest are used to produce the various types of olives that are currently on the market. Olives are frequently used in homes and restaurants to make a wide range of dishes.
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.
Market Dynamics:
Driver:
Increased demand for olive oil due to dietary revolution
The trend is changing with the rising demand for oil and olive products, primarily because of their health benefits, as the general public becomes more informed about health. Antioxidants, omega-6 and omega-3 fatty acids, and antioxidants in olive oil improve heart health. Although the traditional centers of olive oil consumption were the Mediterranean nations-Spain, Italy, Morocco, Tunisia, and others-the growing middle class and wealthy consumers in China, Brazil, and India have begun incorporating refined and virgin olive oil into their daily diets, which is driving the market growth.
Restraint:
Irregularities in the production of olive & high production cost
It is anticipated that in the coming years, the growth of the olive market will be constrained by the irregularities in the production of olive trees caused by climatic changes, their seasonal cultivation, and high production costs. Additionally, high production costs result in high prices for olives, which are expected to restrain the growth of the olive market during the projected timeframe.
Opportunity:
Offers numerous health advantages
Olive consumption offers a number of health advantages, including the prevention of cardiovascular diseases, defense against colon, skin, breast, and anemia, control of blood pressure, improvement of fertility and the reproductive system, and maintenance of a strong immune system. Additionally, olives are a crucial component in the production of pickles and olive oil. In the home, olives are also used to make a variety of dishes. Such a wide range of advantages is boosting the market.
Threat:
Overconsumption may lead to low blood sugar and pressure
Green olive oil has the ability to lower blood sugar levels below normal, which increases your risk of developing certain health issues like excessive sweating, hypoglycemia, trembling, and feeling weak. However, excessive consumption of olive oil has been linked to a number of health problems, including lightheadedness, dizziness, kidney failure, and stroke. Some research indicates that it can also cause a significant drop in blood pressure.
COVID-19 Impact:
The COVID-19 outbreak caused problems in the olive market's supply chain, affecting everything from the olive grove to the consumer. FAOSTAT reports that since 2019, there has been a downward trend in the global production of olives. However, following a decline in 2019, the area used for olive farming increased in 2020. According to the Italian farmers' association Coldiretti, the market for olive oil in Italy has lost €2 billion ($2.25 billion) during the months of the COVID-19 lockdown. The closure of the food services and other coronavirus containment measures are responsible for the majority of the economic losses. However, the sector was also severely impacted by this time's declining olive oil prices.
The food industry segment is expected to be the largest during the forecast period
During the forecast period, the food industry segment is anticipated to register the largest share. The majority of olive production is used to make oil, but there are sizable markets for processed olives for food, typically as an entree or snack or as an addition to cooked dishes. In olives, about 90 percent of the harvest gets turned into oil. It can be used in salads, as well as in cooking and as a drizzling agent for seasonal vegetables. Table olives pair nicely with a variety of cheeses and wines and make a great snack or appetizer. Some olives are sold stuffed with cheese, chili, lemon, and almonds. The growth of the segment is also being fueled by the numerous health claims made about the advantages of olives.
The black olive segment is expected to have the highest CAGR during the forecast period
Due to their high iron intake, black olive segment is estimated to witness the highest CAGR during the projected period. In general, black olives have fewer calories and fat than green olives. Black olives are ripe when harvested, while green olives are unripe. Studies suggest that black olives are generally higher in antioxidant activity, which aids your cells in fending off damage, and polyphenols, which support the immune system, according to Dr. Russell H. Greenfield, clinical assistant professor of medicine at UNC Chapel Hill School of Medicine. Additionally, black olives are a marginally better choice when trying to cut back on saturated fat.
Region with largest share:
Europe is expected to witness the largest share during the forecast period. Owing to their production, consumption, and export of olives, all three are dominated by the European Union. With Spain, Italy, Greece, and France together accounting for more than 80% of global consumption, Europe is a significant contributor. According to the IOC, the European nations with the highest per-capita consumption of olive oil are Spain, Greece, Portugal, and Italy. In order to keep up with demand and production, the yield of olives in Europe increased from 26,398 to 27,346 hectograms per hectare.
Region with highest CAGR:
Due to the shift in the consumption pattern towards the inclusion of olive oil in regular diets and greater usage of table olives, lucrative growth is anticipated in the North American region during the forecast period. One of North America's top producers of olive fruits is the United States. More than 95% of the olives grown in the US are produced in California. Additionally, the United States imports more olive oil than it exports, with the majority of those imports coming from Mediterranean nations like Greece, Italy, and Spain. Mexico and Canada are a couple of the other major producers of olives after the United States. The United States produced 91.6 thousand metric tons of olive fruit in 2021, and this amount is forecast to rise going forward, propelling the region's olive market.
Key players in the market:
Some of the key players profiled in the Olives Market include: 2Brother Olives & Foods, Adamakis Olives, Agrotiki S.A, Apollo Olive Oil, Escamilla, Eugene Brunel, Fruyper SA, Gaia olives, GARO-Aceituna Verde SL, Mantziolive Hellas P.C., Olive line international S.L and Texas Olive Oil.
Key Developments:
In September 2022, The Food and Agriculture Organization of the United Nations (FAO) and the European Bank for Reconstruction and Development (EBRD) is collaborating with the Ministry of Agriculture and the European Union to conduct two training sessions for key players in Jordan on the best practices on olive oil mining and olive oil quality.
In May 2022, A team from the Faculty of Pharmacy and Food Sciences, Torribera Food and Nutrition Campus, and the Institute for Nutrition and Food Safety Research (INSA) of the University of Barcelona has presented a new methodology to determine the geographical origin of olive oil to help tackle adulteration and commercial fraud cases.
In January 2022, The Italian government has passed a law to protect suppliers and operators from burdensome contractual agreements hindering profitability and prohibiting the sale of extra virgin olive oil below cost.
Types Covered:
- Green Olive
- Black Olive
Product Forms Covered:
- Raw Olives
- Pickled Olives
- Canned Olives
- Frozen Olives
- Dried Olives
End Users Covered:
- Households
- Food Industry
- Other End Users
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 End User Analysis
- 3.7 Emerging Markets
- 3.8 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Olive Market, By Type
- 5.1 Introduction
- 5.2 Green Olive
- 5.3 Black Olive
6 Global Olive Market, By Product Form
- 6.1 Introduction
- 6.2 Raw Olives
- 6.3 Pickled Olives
- 6.4 Canned Olives
- 6.5 Frozen Olives
- 6.6 Dried Olives
7 Global Olive Market, By End User
- 7.1 Introduction
- 7.2 Households
- 7.3 Food Industry
- 7.4 Other End Users
8 Global Olive Market, By Distribution Channel
- 8.1 Introduction
- 8.2 Direct/B2B
- 8.3 Indirect/B2C
- 8.3.1 Hypermarkets/Supermarkets
- 8.3.2 Convenience store
- 8.3.3 Online stores
9 Global Olive Market, By Geography
- 9.1 Introduction
- 9.2 North America
- 9.2.1 US
- 9.2.2 Canada
- 9.2.3 Mexico
- 9.3 Europe
- 9.3.1 Germany
- 9.3.2 UK
- 9.3.3 Italy
- 9.3.4 France
- 9.3.5 Spain
- 9.3.6 Rest of Europe
- 9.4 Asia Pacific
- 9.4.1 Japan
- 9.4.2 China
- 9.4.3 India
- 9.4.4 Australia
- 9.4.5 New Zealand
- 9.4.6 South Korea
- 9.4.7 Rest of Asia Pacific
- 9.5 South America
- 9.5.1 Argentina
- 9.5.2 Brazil
- 9.5.3 Chile
- 9.5.4 Rest of South America
- 9.6 Middle East & Africa
- 9.6.1 Saudi Arabia
- 9.6.2 UAE
- 9.6.3 Qatar
- 9.6.4 South Africa
- 9.6.5 Rest of Middle East & Africa
10 Key Developments
- 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 10.2 Acquisitions & Mergers
- 10.3 New Product Launch
- 10.4 Expansions
- 10.5 Other Key Strategies
11 Company Profiling
- 11.1 2Brother Olives & Foods
- 11.2 Adamakis Olives
- 11.3 Agrotiki S.A
- 11.4 Apollo Olive Oil
- 11.5 Escamilla
- 11.6 Eugene Brunel
- 11.7 Fruyper SA
- 11.8 Gaia olives
- 11.9 GARO-Aceituna Verde SL
- 11.10 Mantziolive Hellas P.C.
- 11.11 Olive line international S.L
- 11.12 Texas Olive Oil
List of Tables
- Table 1 Global Olive Market Outlook, By Region (2020-2028) ($MN)
- Table 2 Global Olive Market Outlook, By Type (2020-2028) ($MN)
- Table 3 Global Olive Market Outlook, By Green Olive (2020-2028) ($MN)
- Table 4 Global Olive Market Outlook, By Black Olive (2020-2028) ($MN)
- Table 5 Global Olive Market Outlook, By Product Form (2020-2028) ($MN)
- Table 6 Global Olive Market Outlook, By Raw Olives (2020-2028) ($MN)
- Table 7 Global Olive Market Outlook, By Pickled Olives (2020-2028) ($MN)
- Table 8 Global Olive Market Outlook, By Canned Olives (2020-2028) ($MN)
- Table 9 Global Olive Market Outlook, By Frozen Olives (2020-2028) ($MN)
- Table 10 Global Olive Market Outlook, By Dried Olives (2020-2028) ($MN)
- Table 11 Global Olive Market Outlook, By End User (2020-2028) ($MN)
- Table 12 Global Olive Market Outlook, By Households (2020-2028) ($MN)
- Table 13 Global Olive Market Outlook, By Food Industry (2020-2028) ($MN)
- Table 14 Global Olive Market Outlook, By Other End Users (2020-2028) ($MN)
- Table 15 Global Olive Market Outlook, By Distribution Channel (2020-2028) ($MN)
- Table 16 Global Olive Market Outlook, By Direct/B2B (2020-2028) ($MN)
- Table 17 Global Olive Market Outlook, By Indirect/B2C (2020-2028) ($MN)
- Table 18 Global Olive Market Outlook, By Hypermarkets/Supermarkets (2020-2028) ($MN)
- Table 19 Global Olive Market Outlook, By Convenience store (2020-2028) ($MN)
- Table 20 Global Olive Market Outlook, By Online stores (2020-2028) ($MN)
- Table 21 North America Olive Market Outlook, By Country (2020-2028) ($MN)
- Table 22 North America Olive Market Outlook, By Type (2020-2028) ($MN)
- Table 23 North America Olive Market Outlook, By Green Olive (2020-2028) ($MN)
- Table 24 North America Olive Market Outlook, By Black Olive (2020-2028) ($MN)
- Table 25 North America Olive Market Outlook, By Product Form (2020-2028) ($MN)
- Table 26 North America Olive Market Outlook, By Raw Olives (2020-2028) ($MN)
- Table 27 North America Olive Market Outlook, By Pickled Olives (2020-2028) ($MN)
- Table 28 North America Olive Market Outlook, By Canned Olives (2020-2028) ($MN)
- Table 29 North America Olive Market Outlook, By Frozen Olives (2020-2028) ($MN)
- Table 30 North America Olive Market Outlook, By Dried Olives (2020-2028) ($MN)
- Table 31 North America Olive Market Outlook, By End User (2020-2028) ($MN)
- Table 32 North America Olive Market Outlook, By Households (2020-2028) ($MN)
- Table 33 North America Olive Market Outlook, By Food Industry (2020-2028) ($MN)
- Table 34 North America Olive Market Outlook, By Other End Users (2020-2028) ($MN)
- Table 35 North America Olive Market Outlook, By Distribution Channel (2020-2028) ($MN)
- Table 36 North America Olive Market Outlook, By Direct/B2B (2020-2028) ($MN)
- Table 37 North America Olive Market Outlook, By Indirect/B2C (2020-2028) ($MN)
- Table 38 North America Olive Market Outlook, By Hypermarkets/Supermarkets (2020-2028) ($MN)
- Table 39 North America Olive Market Outlook, By Convenience store (2020-2028) ($MN)
- Table 40 North America Olive Market Outlook, By Online stores (2020-2028) ($MN)
- Table 41 Europe Olive Market Outlook, By Country (2020-2028) ($MN)
- Table 42 Europe Olive Market Outlook, By Type (2020-2028) ($MN)
- Table 43 Europe Olive Market Outlook, By Green Olive (2020-2028) ($MN)
- Table 44 Europe Olive Market Outlook, By Black Olive (2020-2028) ($MN)
- Table 45 Europe Olive Market Outlook, By Product Form (2020-2028) ($MN)
- Table 46 Europe Olive Market Outlook, By Raw Olives (2020-2028) ($MN)
- Table 47 Europe Olive Market Outlook, By Pickled Olives (2020-2028) ($MN)
- Table 48 Europe Olive Market Outlook, By Canned Olives (2020-2028) ($MN)
- Table 49 Europe Olive Market Outlook, By Frozen Olives (2020-2028) ($MN)
- Table 50 Europe Olive Market Outlook, By Dried Olives (2020-2028) ($MN)
- Table 51 Europe Olive Market Outlook, By End User (2020-2028) ($MN)
- Table 52 Europe Olive Market Outlook, By Households (2020-2028) ($MN)
- Table 53 Europe Olive Market Outlook, By Food Industry (2020-2028) ($MN)
- Table 54 Europe Olive Market Outlook, By Other End Users (2020-2028) ($MN)
- Table 55 Europe Olive Market Outlook, By Distribution Channel (2020-2028) ($MN)
- Table 56 Europe Olive Market Outlook, By Direct/B2B (2020-2028) ($MN)
- Table 57 Europe Olive Market Outlook, By Indirect/B2C (2020-2028) ($MN)
- Table 58 Europe Olive Market Outlook, By Hypermarkets/Supermarkets (2020-2028) ($MN)
- Table 59 Europe Olive Market Outlook, By Convenience store (2020-2028) ($MN)
- Table 60 Europe Olive Market Outlook, By Online stores (2020-2028) ($MN)
- Table 61 Asia Pacific Olive Market Outlook, By Country (2020-2028) ($MN)
- Table 62 Asia Pacific Olive Market Outlook, By Type (2020-2028) ($MN)
- Table 63 Asia Pacific Olive Market Outlook, By Green Olive (2020-2028) ($MN)
- Table 64 Asia Pacific Olive Market Outlook, By Black Olive (2020-2028) ($MN)
- Table 65 Asia Pacific Olive Market Outlook, By Product Form (2020-2028) ($MN)
- Table 66 Asia Pacific Olive Market Outlook, By Raw Olives (2020-2028) ($MN)
- Table 67 Asia Pacific Olive Market Outlook, By Pickled Olives (2020-2028) ($MN)
- Table 68 Asia Pacific Olive Market Outlook, By Canned Olives (2020-2028) ($MN)
- Table 69 Asia Pacific Olive Market Outlook, By Frozen Olives (2020-2028) ($MN)
- Table 70 Asia Pacific Olive Market Outlook, By Dried Olives (2020-2028) ($MN)
- Table 71 Asia Pacific Olive Market Outlook, By End User (2020-2028) ($MN)
- Table 72 Asia Pacific Olive Market Outlook, By Households (2020-2028) ($MN)
- Table 73 Asia Pacific Olive Market Outlook, By Food Industry (2020-2028) ($MN)
- Table 74 Asia Pacific Olive Market Outlook, By Other End Users (2020-2028) ($MN)
- Table 75 Asia Pacific Olive Market Outlook, By Distribution Channel (2020-2028) ($MN)
- Table 76 Asia Pacific Olive Market Outlook, By Direct/B2B (2020-2028) ($MN)
- Table 77 Asia Pacific Olive Market Outlook, By Indirect/B2C (2020-2028) ($MN)
- Table 78 Asia Pacific Olive Market Outlook, By Hypermarkets/Supermarkets (2020-2028) ($MN)
- Table 79 Asia Pacific Olive Market Outlook, By Convenience store (2020-2028) ($MN)
- Table 80 Asia Pacific Olive Market Outlook, By Online stores (2020-2028) ($MN)
- Table 81 South America Olive Market Outlook, By Country (2020-2028) ($MN)
- Table 82 South America Olive Market Outlook, By Type (2020-2028) ($MN)
- Table 83 South America Olive Market Outlook, By Green Olive (2020-2028) ($MN)
- Table 84 South America Olive Market Outlook, By Black Olive (2020-2028) ($MN)
- Table 85 South America Olive Market Outlook, By Product Form (2020-2028) ($MN)
- Table 86 South America Olive Market Outlook, By Raw Olives (2020-2028) ($MN)
- Table 87 South America Olive Market Outlook, By Pickled Olives (2020-2028) ($MN)
- Table 88 South America Olive Market Outlook, By Canned Olives (2020-2028) ($MN)
- Table 89 South America Olive Market Outlook, By Frozen Olives (2020-2028) ($MN)
- Table 90 South America Olive Market Outlook, By Dried Olives (2020-2028) ($MN)
- Table 91 South America Olive Market Outlook, By End User (2020-2028) ($MN)
- Table 92 South America Olive Market Outlook, By Households (2020-2028) ($MN)
- Table 93 South America Olive Market Outlook, By Food Industry (2020-2028) ($MN)
- Table 94 South America Olive Market Outlook, By Other End Users (2020-2028) ($MN)
- Table 95 South America Olive Market Outlook, By Distribution Channel (2020-2028) ($MN)
- Table 96 South America Olive Market Outlook, By Direct/B2B (2020-2028) ($MN)
- Table 97 South America Olive Market Outlook, By Indirect/B2C (2020-2028) ($MN)
- Table 98 South America Olive Market Outlook, By Hypermarkets/Supermarkets (2020-2028) ($MN)
- Table 99 South America Olive Market Outlook, By Convenience store (2020-2028) ($MN)
- Table 100 South America Olive Market Outlook, By Online stores (2020-2028) ($MN)
- Table 101 Middle East & Africa Olive Market Outlook, By Country (2020-2028) ($MN)
- Table 102 Middle East & Africa Olive Market Outlook, By Type (2020-2028) ($MN)
- Table 103 Middle East & Africa Olive Market Outlook, By Green Olive (2020-2028) ($MN)
- Table 104 Middle East & Africa Olive Market Outlook, By Black Olive (2020-2028) ($MN)
- Table 105 Middle East & Africa Olive Market Outlook, By Product Form (2020-2028) ($MN)
- Table 106 Middle East & Africa Olive Market Outlook, By Raw Olives (2020-2028) ($MN)
- Table 107 Middle East & Africa Olive Market Outlook, By Pickled Olives (2020-2028) ($MN)
- Table 108 Middle East & Africa Olive Market Outlook, By Canned Olives (2020-2028) ($MN)
- Table 109 Middle East & Africa Olive Market Outlook, By Frozen Olives (2020-2028) ($MN)
- Table 110 Middle East & Africa Olive Market Outlook, By Dried Olives (2020-2028) ($MN)
- Table 111 Middle East & Africa Olive Market Outlook, By End User (2020-2028) ($MN)
- Table 112 Middle East & Africa Olive Market Outlook, By Households (2020-2028) ($MN)
- Table 113 Middle East & Africa Olive Market Outlook, By Food Industry (2020-2028) ($MN)
- Table 114 Middle East & Africa Olive Market Outlook, By Other End Users (2020-2028) ($MN)
- Table 115 Middle East & Africa Olive Market Outlook, By Distribution Channel (2020-2028) ($MN)
- Table 116 Middle East & Africa Olive Market Outlook, By Direct/B2B (2020-2028) ($MN)
- Table 117 Middle East & Africa Olive Market Outlook, By Indirect/B2C (2020-2028) ($MN)
- Table 118 Middle East & Africa Olive Market Outlook, By Hypermarkets/Supermarkets (2020-2028) ($MN)
- Table 119 Middle East & Africa Olive Market Outlook, By Convenience store (2020-2028) ($MN)
- Table 120 Middle East & Africa Olive Market Outlook, By Online stores (2020-2028) ($MN)
