According to the report by Expert Market Research (EMR), the Global Olive Market Size reached a volume of approximately 3.48 MMT in 2022. Aided by the escalating demand for healthy food products and the growing interest in the consumption of olive oil, the market is projected to further grow at a CAGR of 4.40% between 2023 and 2028 to reach a volume of 4.47 MMT by 2028.
Olives, a staple of the Mediterranean diet, are a highly nutritious fruit known for their healthy fats and antioxidants. They are commonly consumed in various forms, including fresh, cured, or as olive oil, and play a vital role in promoting heart health, reducing inflammation, and supporting overall wellness. Beyond their nutritional advantages, olives have excellent preservative and moisturising properties, rendering them a key ingredient in various industries, such as cosmetics, pharmaceuticals, and the culinary arts.
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The growing consumer inclination towards health-oriented food products is propelling the global olive market growth. With increasing awareness of the health benefits associated with the consumption of healthy fats and antioxidants, there has been a significant shift towards diets rich in such nutrients, causing a spike in demand for olive-based products. Furthermore, the rising trend of Mediterranean diets, celebrated for their heart-healthy ingredients like olives, has further augmented the popularity of olives.
The broadening applications of olives across different sectors also play a significant role in driving the olive market expansion. In the pharmaceutical industry, olive leaf extracts are utilised for their anti-inflammatory and antioxidant properties in the production of various medications. The cosmetics industry leverages the moisturising properties of olive oil, which are integral to the formulation of an array of skincare products. Moreover, the preservative properties of olives make them a crucial element in the food and beverage industry, especially in the creation of spreads, dressings, and marinades, aiding the olive market development.
Moreover, the growing demand for plant-based alternatives in the food and beverage industry has intensified the focus on olives as a viable ingredient. With the rise of vegetarian and vegan diets and the increasing popularity of plant-based foods, olives have emerged as a critical component in the formulation of a variety of plant-based food items, from pizzas and salads to pastas and sauces, thus bolstering the olive market demand.
Olive Market Segmentation
The market can be divided based on product, type, end use, and region.
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Market Breakup by Product
- Raw Olive
- Preserved
- Olive Oil
- Others
Market Breakup by Type
- Green
- Black
Market Breakup by End Use
- Food and Beverage
- Pharmaceutical
- Cosmetics and Personal Care
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global olive companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- DEOLEO S.A
- Sovena Group
- Conagra Brands, Inc.
- Del Monte Foods, Inc
- AGROSEVILLA
- California Olive Ranch, Inc.
- Oleificio Zucchi S.P.A.
- Pompeian, Inc
- Bell-Carter Foods, LLC
- Salov S.p.A.
- Others
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