Olive Market Size, Share & Trends Analysis Report By Product (Olive Oil, Table Olive), By Application (Food & Beverage, Pharmaceuticals, Personal Care & Cosmetics), By Region (Europe, APAC, MEA), And Segment Forecasts, 2024 - 2030
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Olive Market Size & Trends
The global olive market size was estimated at USD 25.5 billion in 2023 and is expected texpand at a CAGR of 6.0% from 2024 t2030. A key driver behind the olive market's growth is the increasing consumer awareness regarding health benefits associated with olives and olive oil. Olives are rich in antioxidants and healthy fats, which support heart health and overall wellness. This shift towards healthier dietary choices has led ta surge in demand for olive oil, particularly in non-European countries that are traditionally not associated with Mediterranean diets. As consumers become more informed about nutrition, they are increasingly aware of the health benefits associated with olive oil, particularly extra virgin olive oil (EVOO). Studies have shown that EVOO is rich in monounsaturated fats and antioxidants, which can lower bad cholesterol (LDL) while raising good cholesterol (HDL) levels. This has led ta heightened interest in incorporating olive oil intdaily diets as a healthier fat alternative.
Olive oil has been linked tanti-inflammatory effects due tits high content of oleic acid and antioxidants such as oleacein and oleocanthal. These properties are believed tplay a role in reducing inflammation-related diseases such as arthritis, heart disease, and certain cancers. As awareness of chronic inflammation grows, sdoes the appeal of olive oil as a preventive measure.
The globalization of food culture has alsplayed a crucial role. The rise of Mediterranean cuisine, characterized by dishes that prominently feature olives, has led tan increased number of Mediterranean restaurants worldwide. Countries such as the U.S., UAE, and Singapore have seen a notable increase in such establishments, further driving demand for olives as essential ingredients in various culinary applications. Olives are celebrated for their versatility in cooking, making them a staple in many Mediterranean dishes.
The incorporation of olives intpopular menu items enhances flavor profiles and aligns with health-conscious dining trends, further promoting their use in both casual and fine dining settings. As more consumers dine out and explore new cuisines, Mediterranean restaurants introduce them tolives and their culinary applications. This exposure not only increases immediate sales but alsencourages consumers tincorporate olives inttheir home cooking, thereby boosting retail demand. Mediterranean restaurants often highlight the health benefits associated with olives and olive oil, such as heart health and antioxidant properties. This marketing strategy aligns with the growing consumer trend towards healthier eating, further driving interest in olive-based products.
The growing vegan population is another significant factor contributing tthe olive market's expansion. As more individuals adopt plant-based diets, they seek alternatives tanimal products. Olives provide a nutritious option that is high in healthy fats and vitamins, making them appealing tthose looking treplace dairy and meat products in their diets. Favorable government policies promoting olive cultivation have alsbolstered market growth. For instance, countries like Egypt are aiming tbecome major players in olive production through partnerships with established producers such as Spain. Such initiatives are likely tenhance production capabilities and increase global supply.
The demand for table olives is rising significantly in emerging markets outside Europe, including Asia-Pacific nations such as China and India. As consumers in these regions become more aware of the health benefits of olives, they are increasingly incorporating them inttheir daily diets. This trend is further supported by urbanization and the expansion of fast-food chains that utilize olives in their offerings.
There is a growing inclination towards organic food products globally. Consumers are becoming more discerning about food quality and safety, leading tincreased demand for organic olives free from pesticides. This trend aligns with the broader movement towards healthier eating habits.
The olive market faces several restraints that could hinder its growth potential in the coming years. One significant challenge is the seasonal nature of olive production, which leads tfluctuations in supply and pricing. Olives are primarily harvested in the fall, and variations in climatic conditions can cause substantial year-on-year differences in crop yields. This unpredictability complicates supply chain management for producers and retailers alike, making it difficult tmaintain consistent product availability and pricing stability.
Another critical issue is the high cost of olive oil compared talternative oils. As consumers become more price-sensitive, they may turn tless expensive options such as canola or sunflower oil, which offer similar nutritional benefits at a lower price point. This shift in consumer preference can limit the market's growth, particularly as these alternative oils often require less investment tproduce. In addition, the concentration of olive production in European countries, which account for about 75% of global output, creates a dependency on a limited number of suppliers. This concentration can lead tincreased prices and reduced market competitiveness.
Global Olive Market Report Segmentation
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2018 t2030. For the purpose of this study, Grand View Research has segmented the global olive market report on the basis of product, application, and region.
Olive Market Size & Trends
The global olive market size was estimated at USD 25.5 billion in 2023 and is expected texpand at a CAGR of 6.0% from 2024 t2030. A key driver behind the olive market's growth is the increasing consumer awareness regarding health benefits associated with olives and olive oil. Olives are rich in antioxidants and healthy fats, which support heart health and overall wellness. This shift towards healthier dietary choices has led ta surge in demand for olive oil, particularly in non-European countries that are traditionally not associated with Mediterranean diets. As consumers become more informed about nutrition, they are increasingly aware of the health benefits associated with olive oil, particularly extra virgin olive oil (EVOO). Studies have shown that EVOO is rich in monounsaturated fats and antioxidants, which can lower bad cholesterol (LDL) while raising good cholesterol (HDL) levels. This has led ta heightened interest in incorporating olive oil intdaily diets as a healthier fat alternative.
Olive oil has been linked tanti-inflammatory effects due tits high content of oleic acid and antioxidants such as oleacein and oleocanthal. These properties are believed tplay a role in reducing inflammation-related diseases such as arthritis, heart disease, and certain cancers. As awareness of chronic inflammation grows, sdoes the appeal of olive oil as a preventive measure.
The globalization of food culture has alsplayed a crucial role. The rise of Mediterranean cuisine, characterized by dishes that prominently feature olives, has led tan increased number of Mediterranean restaurants worldwide. Countries such as the U.S., UAE, and Singapore have seen a notable increase in such establishments, further driving demand for olives as essential ingredients in various culinary applications. Olives are celebrated for their versatility in cooking, making them a staple in many Mediterranean dishes.
The incorporation of olives intpopular menu items enhances flavor profiles and aligns with health-conscious dining trends, further promoting their use in both casual and fine dining settings. As more consumers dine out and explore new cuisines, Mediterranean restaurants introduce them tolives and their culinary applications. This exposure not only increases immediate sales but alsencourages consumers tincorporate olives inttheir home cooking, thereby boosting retail demand. Mediterranean restaurants often highlight the health benefits associated with olives and olive oil, such as heart health and antioxidant properties. This marketing strategy aligns with the growing consumer trend towards healthier eating, further driving interest in olive-based products.
The growing vegan population is another significant factor contributing tthe olive market's expansion. As more individuals adopt plant-based diets, they seek alternatives tanimal products. Olives provide a nutritious option that is high in healthy fats and vitamins, making them appealing tthose looking treplace dairy and meat products in their diets. Favorable government policies promoting olive cultivation have alsbolstered market growth. For instance, countries like Egypt are aiming tbecome major players in olive production through partnerships with established producers such as Spain. Such initiatives are likely tenhance production capabilities and increase global supply.
The demand for table olives is rising significantly in emerging markets outside Europe, including Asia-Pacific nations such as China and India. As consumers in these regions become more aware of the health benefits of olives, they are increasingly incorporating them inttheir daily diets. This trend is further supported by urbanization and the expansion of fast-food chains that utilize olives in their offerings.
There is a growing inclination towards organic food products globally. Consumers are becoming more discerning about food quality and safety, leading tincreased demand for organic olives free from pesticides. This trend aligns with the broader movement towards healthier eating habits.
The olive market faces several restraints that could hinder its growth potential in the coming years. One significant challenge is the seasonal nature of olive production, which leads tfluctuations in supply and pricing. Olives are primarily harvested in the fall, and variations in climatic conditions can cause substantial year-on-year differences in crop yields. This unpredictability complicates supply chain management for producers and retailers alike, making it difficult tmaintain consistent product availability and pricing stability.
Another critical issue is the high cost of olive oil compared talternative oils. As consumers become more price-sensitive, they may turn tless expensive options such as canola or sunflower oil, which offer similar nutritional benefits at a lower price point. This shift in consumer preference can limit the market's growth, particularly as these alternative oils often require less investment tproduce. In addition, the concentration of olive production in European countries, which account for about 75% of global output, creates a dependency on a limited number of suppliers. This concentration can lead tincreased prices and reduced market competitiveness.
Global Olive Market Report Segmentation
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2018 t2030. For the purpose of this study, Grand View Research has segmented the global olive market report on the basis of product, application, and region.
- Product Outlook (Revenue, USD Billion, 2018 - 2030)
- Olive Oil
- Table Olive
- Application Outlook (Revenue, USD Billion, 2018 - 2030)
- Food & Beverage
- Pharmaceuticals
- Personal Care & Cosmetics
- Others
- Regional Outlook (Revenue, USD Billion, 2018 - 2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Asia Pacific
- China
- Japan
- India
- Australia & New Zealand
- South Korea
- Central & South America
- Brazil
- Middle East & Africa
- South Africa
CHAPTER 1. METHODOLOGY AND SCOPE
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR’s Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
CHAPTER 2. EXECUTIVE SUMMARY
2.1. Market Outlook
2.2. Product Outlook
2.3. Packaging Outlook
2.4. Competitive Landscape Outlook
CHAPTER 3. OLIVE MARKET VARIABLES, TRENDS & SCOPE
3.1. Market Lineage Outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Raw Material Outlooks
3.3.2. Manufacturing and Technology Trends
3.3.3. Sales/ Dairy Alternative Channel Analysis
3.3.4. Profit Margin Analysis
3.4. Market Dynamics
3.4.1. Market Driver Analysis
3.4.2. Market Restraint Analysis
3.4.3. Market Opportunities
3.4.4. Market Challenges
3.5. Industry Analysis - Porter’s Five Forces Analysis
3.6. Market Entry Strategies
CHAPTER 4. OLIVE MARKET: PRODUCT ESTIMATES & TREND ANALYSIS
4.1. Olive Market, by Product: Key Takeaways
4.2. Product Movement Analysis & Market Share, 2023 & 2030
4.3. Market Estimates & Forecasts, by Product, 2018 - 2030 (USD Billion)
4.3.1. Olive Oil
4.3.1.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
4.3.2. Table Olives
4.3.2.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
CHAPTER 5. OLIVE MARKET: APPLICATION ESTIMATES & TREND ANALYSIS
5.1. Olive Market, by Application: Key Takeaways
5.2. Application Movement Analysis & Market Share, 2023 & 2030
5.3. Market Estimates & Forecasts, by Application, 2018 - 2030 (USD Billion)
5.3.1. Food & Beverage
5.3.1.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
5.3.2. Pharmaceuticals
5.3.2.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
5.3.3. Personal Care & Cosmetics
5.3.3.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
5.3.4. Others
5.3.4.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
CHAPTER 6. OLIVE MARKET: REGIONAL ESTIMATES & TREND ANALYSIS
6.1. Olive Market: Regional Outlook
6.2. Regional Movement Analysis & Market Share, 2023 & 2030
6.3. Market Estimates & Forecasts, by Region & Country, 2018 - 2030 (USD Billion)
6.3.1. North America
6.3.1.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
6.3.1.2. U.S.
6.3.1.2.1. Key country dynamics
6.3.1.2.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
6.3.1.3. Canada
6.3.1.3.1. Key country dynamics
6.3.1.3.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
6.3.1.4. Mexico
6.3.1.4.1. Key country dynamics
6.3.1.4.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
6.3.2. Europe
6.3.2.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
6.3.2.2. Germany
6.3.2.2.1. Key country dynamics
6.3.2.2.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
6.3.2.3. UK
6.3.2.3.1. Key country dynamics
6.3.2.3.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
6.3.2.4. France
6.3.2.4.1. Key country dynamics
6.3.2.4.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
6.3.2.5. Italy
6.3.2.5.1. Key country dynamics
6.3.2.5.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
6.3.2.6. Spain
6.3.2.6.1. Key country dynamics
6.3.2.6.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
6.3.3. Asia Pacific
6.3.3.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
6.3.3.2. China
6.3.3.2.1. Key country dynamics
6.3.3.2.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
6.3.3.3. Japan
6.3.3.3.1. Key country dynamics
6.3.3.3.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
6.3.3.4. India
6.3.3.4.1. Key country dynamics
6.3.3.4.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
6.3.3.5. Australia & New Zealand
6.3.3.5.1. Key country dynamics
6.3.3.5.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
6.3.3.6. South Korea
6.3.3.6.1. Key country dynamics
6.3.3.6.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
6.3.4. Central & South America
6.3.4.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
6.3.4.2. Brazil
6.3.4.2.1. Key country dynamics
6.3.4.2.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
6.3.5. Middle East & Africa
6.3.5.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
6.3.5.2. South Africa
6.3.5.2.1. Key country dynamics
CHAPTER 7. COMPETITIVE ANALYSIS
7.1. Recent Developments & Impact Analysis, by Key Market Participants
7.2. Company Categorization
7.3. Participant’s Overview
7.4. Financial Performance
7.5. Product Benchmarking
7.6. Company Market Share Analysis, 2023 (%)
7.7. Company Heat Map Analysis
7.8. Strategy Mapping
7.9. Company Profiles
7.9.1. Cargill, Incorporated (U.S.)
7.9.2. Deoleo (Spain)
7.9.3. Del Monte Foods, Inc. (U.S.)
7.9.4. Gallo Worldwide (U.S.)
7.9.5. Borges International Group, S.L.U. (Spain)
7.9.6. Sovena (Portugal)
7.9.7. Sun Grove Foods Inc. (U.S.)
7.9.8. EU Olive Oil Ltd (UK)
7.9.9. Artajo Oil (Spain)
7.9.10. Salov Group (Italy)
7.9.11. Aceites Sandъa (Spain)
7.9.12. Tucan Olive Oil Company Ltd (UK)
7.9.13. Domenico Manca S.p.a. (Italy)
7.9.14. Les Huiles d'Olive Lahmar (Tunisia)
7.9.15. Grampians Olive Co. (Australia)
7.9.16. Victorian Olive Groves (Australia)
7.9.17. Gourmet Foods Inc. (U.S.)
7.9.18. Olive Line International S.L.
7.9.19. Chrisnas Olives
7.9.20. Agrotiki S.A
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR’s Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
CHAPTER 2. EXECUTIVE SUMMARY
2.1. Market Outlook
2.2. Product Outlook
2.3. Packaging Outlook
2.4. Competitive Landscape Outlook
CHAPTER 3. OLIVE MARKET VARIABLES, TRENDS & SCOPE
3.1. Market Lineage Outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Raw Material Outlooks
3.3.2. Manufacturing and Technology Trends
3.3.3. Sales/ Dairy Alternative Channel Analysis
3.3.4. Profit Margin Analysis
3.4. Market Dynamics
3.4.1. Market Driver Analysis
3.4.2. Market Restraint Analysis
3.4.3. Market Opportunities
3.4.4. Market Challenges
3.5. Industry Analysis - Porter’s Five Forces Analysis
3.6. Market Entry Strategies
CHAPTER 4. OLIVE MARKET: PRODUCT ESTIMATES & TREND ANALYSIS
4.1. Olive Market, by Product: Key Takeaways
4.2. Product Movement Analysis & Market Share, 2023 & 2030
4.3. Market Estimates & Forecasts, by Product, 2018 - 2030 (USD Billion)
4.3.1. Olive Oil
4.3.1.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
4.3.2. Table Olives
4.3.2.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
CHAPTER 5. OLIVE MARKET: APPLICATION ESTIMATES & TREND ANALYSIS
5.1. Olive Market, by Application: Key Takeaways
5.2. Application Movement Analysis & Market Share, 2023 & 2030
5.3. Market Estimates & Forecasts, by Application, 2018 - 2030 (USD Billion)
5.3.1. Food & Beverage
5.3.1.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
5.3.2. Pharmaceuticals
5.3.2.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
5.3.3. Personal Care & Cosmetics
5.3.3.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
5.3.4. Others
5.3.4.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
CHAPTER 6. OLIVE MARKET: REGIONAL ESTIMATES & TREND ANALYSIS
6.1. Olive Market: Regional Outlook
6.2. Regional Movement Analysis & Market Share, 2023 & 2030
6.3. Market Estimates & Forecasts, by Region & Country, 2018 - 2030 (USD Billion)
6.3.1. North America
6.3.1.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
6.3.1.2. U.S.
6.3.1.2.1. Key country dynamics
6.3.1.2.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
6.3.1.3. Canada
6.3.1.3.1. Key country dynamics
6.3.1.3.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
6.3.1.4. Mexico
6.3.1.4.1. Key country dynamics
6.3.1.4.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
6.3.2. Europe
6.3.2.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
6.3.2.2. Germany
6.3.2.2.1. Key country dynamics
6.3.2.2.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
6.3.2.3. UK
6.3.2.3.1. Key country dynamics
6.3.2.3.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
6.3.2.4. France
6.3.2.4.1. Key country dynamics
6.3.2.4.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
6.3.2.5. Italy
6.3.2.5.1. Key country dynamics
6.3.2.5.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
6.3.2.6. Spain
6.3.2.6.1. Key country dynamics
6.3.2.6.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
6.3.3. Asia Pacific
6.3.3.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
6.3.3.2. China
6.3.3.2.1. Key country dynamics
6.3.3.2.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
6.3.3.3. Japan
6.3.3.3.1. Key country dynamics
6.3.3.3.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
6.3.3.4. India
6.3.3.4.1. Key country dynamics
6.3.3.4.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
6.3.3.5. Australia & New Zealand
6.3.3.5.1. Key country dynamics
6.3.3.5.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
6.3.3.6. South Korea
6.3.3.6.1. Key country dynamics
6.3.3.6.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
6.3.4. Central & South America
6.3.4.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
6.3.4.2. Brazil
6.3.4.2.1. Key country dynamics
6.3.4.2.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
6.3.5. Middle East & Africa
6.3.5.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
6.3.5.2. South Africa
6.3.5.2.1. Key country dynamics
CHAPTER 7. COMPETITIVE ANALYSIS
7.1. Recent Developments & Impact Analysis, by Key Market Participants
7.2. Company Categorization
7.3. Participant’s Overview
7.4. Financial Performance
7.5. Product Benchmarking
7.6. Company Market Share Analysis, 2023 (%)
7.7. Company Heat Map Analysis
7.8. Strategy Mapping
7.9. Company Profiles
7.9.1. Cargill, Incorporated (U.S.)
7.9.2. Deoleo (Spain)
7.9.3. Del Monte Foods, Inc. (U.S.)
7.9.4. Gallo Worldwide (U.S.)
7.9.5. Borges International Group, S.L.U. (Spain)
7.9.6. Sovena (Portugal)
7.9.7. Sun Grove Foods Inc. (U.S.)
7.9.8. EU Olive Oil Ltd (UK)
7.9.9. Artajo Oil (Spain)
7.9.10. Salov Group (Italy)
7.9.11. Aceites Sandъa (Spain)
7.9.12. Tucan Olive Oil Company Ltd (UK)
7.9.13. Domenico Manca S.p.a. (Italy)
7.9.14. Les Huiles d'Olive Lahmar (Tunisia)
7.9.15. Grampians Olive Co. (Australia)
7.9.16. Victorian Olive Groves (Australia)
7.9.17. Gourmet Foods Inc. (U.S.)
7.9.18. Olive Line International S.L.
7.9.19. Chrisnas Olives
7.9.20. Agrotiki S.A
