Olive Market
PUBLISHED: 2023 ID: SMRC22895
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Olive Market

Olive Market Forecasts to 2028 - Global Analysis By Type (Green Olive and Black Olive), Product Form (Raw Olives, Pickled Olives, Canned Olives, Frozen Olives and Dried Olives), End User (Households, Food Industry and Other End Users), Distribution Channel and By Geography

4.1 (73 reviews)
4.1 (73 reviews)
Published: 2023 ID: SMRC22895

This report covers the impact of COVID-19 on this global market

Years Covered

2020-2028

CAGR (2022 - 2028)

6.5%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

Europe

Highest Growing Market

North America


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 entrée 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
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o 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
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o 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
1 Global Olive Market Outlook, By Region (2020-2028) ($MN)
2 Global Olive Market Outlook, By Type (2020-2028) ($MN)
3 Global Olive Market Outlook, By Green Olive (2020-2028) ($MN)
4 Global Olive Market Outlook, By Black Olive (2020-2028) ($MN)
5 Global Olive Market Outlook, By Product Form (2020-2028) ($MN)
6 Global Olive Market Outlook, By Raw Olives (2020-2028) ($MN)
7 Global Olive Market Outlook, By Pickled Olives (2020-2028) ($MN)
8 Global Olive Market Outlook, By Canned Olives (2020-2028) ($MN)
9 Global Olive Market Outlook, By Frozen Olives (2020-2028) ($MN)
10 Global Olive Market Outlook, By Dried Olives (2020-2028) ($MN)
11 Global Olive Market Outlook, By End User (2020-2028) ($MN)
12 Global Olive Market Outlook, By Households (2020-2028) ($MN)
13 Global Olive Market Outlook, By Food Industry (2020-2028) ($MN)
14 Global Olive Market Outlook, By Other End Users (2020-2028) ($MN)
15 Global Olive Market Outlook, By Distribution Channel (2020-2028) ($MN)
16 Global Olive Market Outlook, By Direct/B2B (2020-2028) ($MN)
17 Global Olive Market Outlook, By Indirect/B2C (2020-2028) ($MN)
18 Global Olive Market Outlook, By Hypermarkets/Supermarkets (2020-2028) ($MN)
19 Global Olive Market Outlook, By Convenience store (2020-2028) ($MN)
20 Global Olive Market Outlook, By Online stores (2020-2028) ($MN)
21 North America Olive Market Outlook, By Country (2020-2028) ($MN)
22 North America Olive Market Outlook, By Type (2020-2028) ($MN)
23 North America Olive Market Outlook, By Green Olive (2020-2028) ($MN)
24 North America Olive Market Outlook, By Black Olive (2020-2028) ($MN)
25 North America Olive Market Outlook, By Product Form (2020-2028) ($MN)
26 North America Olive Market Outlook, By Raw Olives (2020-2028) ($MN)
27 North America Olive Market Outlook, By Pickled Olives (2020-2028) ($MN)
28 North America Olive Market Outlook, By Canned Olives (2020-2028) ($MN)
29 North America Olive Market Outlook, By Frozen Olives (2020-2028) ($MN)
30 North America Olive Market Outlook, By Dried Olives (2020-2028) ($MN)
31 North America Olive Market Outlook, By End User (2020-2028) ($MN)
32 North America Olive Market Outlook, By Households (2020-2028) ($MN)
33 North America Olive Market Outlook, By Food Industry (2020-2028) ($MN)
34 North America Olive Market Outlook, By Other End Users (2020-2028) ($MN)
35 North America Olive Market Outlook, By Distribution Channel (2020-2028) ($MN)
36 North America Olive Market Outlook, By Direct/B2B (2020-2028) ($MN)
37 North America Olive Market Outlook, By Indirect/B2C (2020-2028) ($MN)
38 North America Olive Market Outlook, By Hypermarkets/Supermarkets (2020-2028) ($MN)
39 North America Olive Market Outlook, By Convenience store (2020-2028) ($MN)
40 North America Olive Market Outlook, By Online stores (2020-2028) ($MN)
41 Europe Olive Market Outlook, By Country (2020-2028) ($MN)
42 Europe Olive Market Outlook, By Type (2020-2028) ($MN)
43 Europe Olive Market Outlook, By Green Olive (2020-2028) ($MN)
44 Europe Olive Market Outlook, By Black Olive (2020-2028) ($MN)
45 Europe Olive Market Outlook, By Product Form (2020-2028) ($MN)
46 Europe Olive Market Outlook, By Raw Olives (2020-2028) ($MN)
47 Europe Olive Market Outlook, By Pickled Olives (2020-2028) ($MN)
48 Europe Olive Market Outlook, By Canned Olives (2020-2028) ($MN)
49 Europe Olive Market Outlook, By Frozen Olives (2020-2028) ($MN)
50 Europe Olive Market Outlook, By Dried Olives (2020-2028) ($MN)
51 Europe Olive Market Outlook, By End User (2020-2028) ($MN)
52 Europe Olive Market Outlook, By Households (2020-2028) ($MN)
53 Europe Olive Market Outlook, By Food Industry (2020-2028) ($MN)
54 Europe Olive Market Outlook, By Other End Users (2020-2028) ($MN)
55 Europe Olive Market Outlook, By Distribution Channel (2020-2028) ($MN)
56 Europe Olive Market Outlook, By Direct/B2B (2020-2028) ($MN)
57 Europe Olive Market Outlook, By Indirect/B2C (2020-2028) ($MN)
58 Europe Olive Market Outlook, By Hypermarkets/Supermarkets (2020-2028) ($MN)
59 Europe Olive Market Outlook, By Convenience store (2020-2028) ($MN)
60 Europe Olive Market Outlook, By Online stores (2020-2028) ($MN)
61 Asia Pacific Olive Market Outlook, By Country (2020-2028) ($MN)
62 Asia Pacific Olive Market Outlook, By Type (2020-2028) ($MN)
63 Asia Pacific Olive Market Outlook, By Green Olive (2020-2028) ($MN)
64 Asia Pacific Olive Market Outlook, By Black Olive (2020-2028) ($MN)
65 Asia Pacific Olive Market Outlook, By Product Form (2020-2028) ($MN)
66 Asia Pacific Olive Market Outlook, By Raw Olives (2020-2028) ($MN)
67 Asia Pacific Olive Market Outlook, By Pickled Olives (2020-2028) ($MN)
68 Asia Pacific Olive Market Outlook, By Canned Olives (2020-2028) ($MN)
69 Asia Pacific Olive Market Outlook, By Frozen Olives (2020-2028) ($MN)
70 Asia Pacific Olive Market Outlook, By Dried Olives (2020-2028) ($MN)
71 Asia Pacific Olive Market Outlook, By End User (2020-2028) ($MN)
72 Asia Pacific Olive Market Outlook, By Households (2020-2028) ($MN)
73 Asia Pacific Olive Market Outlook, By Food Industry (2020-2028) ($MN)
74 Asia Pacific Olive Market Outlook, By Other End Users (2020-2028) ($MN)
75 Asia Pacific Olive Market Outlook, By Distribution Channel (2020-2028) ($MN)
76 Asia Pacific Olive Market Outlook, By Direct/B2B (2020-2028) ($MN)
77 Asia Pacific Olive Market Outlook, By Indirect/B2C (2020-2028) ($MN)
78 Asia Pacific Olive Market Outlook, By Hypermarkets/Supermarkets (2020-2028) ($MN)
79 Asia Pacific Olive Market Outlook, By Convenience store (2020-2028) ($MN)
80 Asia Pacific Olive Market Outlook, By Online stores (2020-2028) ($MN)
81 South America Olive Market Outlook, By Country (2020-2028) ($MN)
82 South America Olive Market Outlook, By Type (2020-2028) ($MN)
83 South America Olive Market Outlook, By Green Olive (2020-2028) ($MN)
84 South America Olive Market Outlook, By Black Olive (2020-2028) ($MN)
85 South America Olive Market Outlook, By Product Form (2020-2028) ($MN)
86 South America Olive Market Outlook, By Raw Olives (2020-2028) ($MN)
87 South America Olive Market Outlook, By Pickled Olives (2020-2028) ($MN)
88 South America Olive Market Outlook, By Canned Olives (2020-2028) ($MN)
89 South America Olive Market Outlook, By Frozen Olives (2020-2028) ($MN)
90 South America Olive Market Outlook, By Dried Olives (2020-2028) ($MN)
91 South America Olive Market Outlook, By End User (2020-2028) ($MN)
92 South America Olive Market Outlook, By Households (2020-2028) ($MN)
93 South America Olive Market Outlook, By Food Industry (2020-2028) ($MN)
94 South America Olive Market Outlook, By Other End Users (2020-2028) ($MN)
95 South America Olive Market Outlook, By Distribution Channel (2020-2028) ($MN)
96 South America Olive Market Outlook, By Direct/B2B (2020-2028) ($MN)
97 South America Olive Market Outlook, By Indirect/B2C (2020-2028) ($MN)
98 South America Olive Market Outlook, By Hypermarkets/Supermarkets (2020-2028) ($MN)
99 South America Olive Market Outlook, By Convenience store (2020-2028) ($MN)
100 South America Olive Market Outlook, By Online stores (2020-2028) ($MN)
101 Middle East & Africa Olive Market Outlook, By Country (2020-2028) ($MN)
102 Middle East & Africa Olive Market Outlook, By Type (2020-2028) ($MN)
103 Middle East & Africa Olive Market Outlook, By Green Olive (2020-2028) ($MN)
104 Middle East & Africa Olive Market Outlook, By Black Olive (2020-2028) ($MN)
105 Middle East & Africa Olive Market Outlook, By Product Form (2020-2028) ($MN)
106 Middle East & Africa Olive Market Outlook, By Raw Olives (2020-2028) ($MN)
107 Middle East & Africa Olive Market Outlook, By Pickled Olives (2020-2028) ($MN)
108 Middle East & Africa Olive Market Outlook, By Canned Olives (2020-2028) ($MN)
109 Middle East & Africa Olive Market Outlook, By Frozen Olives (2020-2028) ($MN)
110 Middle East & Africa Olive Market Outlook, By Dried Olives (2020-2028) ($MN)
111 Middle East & Africa Olive Market Outlook, By End User (2020-2028) ($MN)
112 Middle East & Africa Olive Market Outlook, By Households (2020-2028) ($MN)
113 Middle East & Africa Olive Market Outlook, By Food Industry (2020-2028) ($MN)
114 Middle East & Africa Olive Market Outlook, By Other End Users (2020-2028) ($MN)
115 Middle East & Africa Olive Market Outlook, By Distribution Channel (2020-2028) ($MN)
116 Middle East & Africa Olive Market Outlook, By Direct/B2B (2020-2028) ($MN)
117 Middle East & Africa Olive Market Outlook, By Indirect/B2C (2020-2028) ($MN)
118 Middle East & Africa Olive Market Outlook, By Hypermarkets/Supermarkets (2020-2028) ($MN)
119 Middle East & Africa Olive Market Outlook, By Convenience store (2020-2028) ($MN)
120 Middle East & Africa Olive Market Outlook, By Online stores (2020-2028) ($MN)

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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