Olive Market Hits USD 13.98 billion in 2023, Targets 4.85% CAGR Soar Until 2030

 

In-Depth Analysis of the Global Olive Market: 2024-2030 Forecasts

According to the latest findings by MarkNtel Advisors, The Global Olive Market size was valued at USD 13.98 billion in 2023 and is estimated to grow at a CAGR of around 4.85% during the forecast period, i.e., 2024-30. The report provides an in-depth analysis of crucial aspects such as market trends, size, forecasts, growth factors, challenges, and competitor assessments. Conducting a thorough examination of the Olive Market, the report offers insights into recent developments and presents an overview of the market landscape.

Olive Market Segmentation Analysis:

Our research report meticulously explores the Olive Market, breaking it down into these key segments: By Type (Green Olive, Black Olive, By Product Raw Olive, Canned Olive, Frozen Olives, Dried Olives, Pickled Olives, Others (Stuffed Olives, Marinated Olives, etc.)), By End User (Households, Food Service Sector), By Sales Channel (Direct/B2B, Indirect/B2C, [Hypermarkets/Supermarkets, Convenience Store, Online Stores, Others]), and Others. Each segment, along with its subdivisions, undergoes a detailed breakdown to offer a comprehensive understanding of the market dynamics.

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Geographical Coverage:

Our research report on the Olive Market offers comprehensive coverage across different regions, including North America, South America, Europe, The Middle East & Africa, Asia-Pacific. It provides detailed information on growth potential in each country and region, offering valuable insights for market stakeholders to strategically plan future operations and investments.

Global Olive Market Driver:

Expansion of Quick Service Restaurant (QSR) Chains to Generate Noteworthy Demand for Table Olives – Consumers residing in countries of North America, Europe, and Asia-Pacific are witnessing rapid urbanization and a substantial increase in disposable income. This has affected the eating behavior of individuals & enhanced the inclination towards fast food, which subsequently has led to a surge of quick service restaurants (QSRs). Major QSRs chains like Subway, Taco Bell, Domino’s Pizza, etc., have expanded their network across the globe, which spurred their number during 2019-2023. For instance:

• In 2023, Burger King announced its plan to launch 200 new Burger King restaurants annually in China.

These QSRs generally serve fast food items like burgers, sandwiches, pizza, pasta, etc., all of which have table olives as a main ingredient, which significantly augments the need for olives. Moreover, owing to the low-pricing & quick service of these outlets, consumers are getting more habitual of the fast food offered by QSR. Hence, the QSR chains are predicted to expand further, which would continuously generate demand for olives during the forecast period.

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Competitive Landscape of Olive Market

The Olive market witnesses’ fierce competition driven by the participation of both foreign and domestic companies. Considerable investments in Research and Development (R&D) have led to multiple innovations in the market. Companies with a global reach exert significant influence over the Olive market, and it is anticipated that several international players will expand their global presence in the coming years. To maintain competitiveness amidst rivals, vendors must prioritize the development of new technologies and strive to stay ahead of imminent breakthroughs. The report underscores key players in the market, namely:

• Olive Line International S.L
• GARO-Aceituna Verde SL
• FRUYPER SA
• 2Brothers Company
• EVGE Hellenic Food Company
• GAIA Olives
• Olives Escamilla
• Eugene Brunel
• Bell-Carter Foods, LLC
• Agrosevilla
• Sovena Group
• La Salerosa
• OliveOilsLand
• Artem Oliva
• Aceitunas Guadalquivir S.L etc.

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Common Queries:

1. What is the current trajectory of cost and profit estimations in the Olive Industry?
2. How do factors like supply and consumption shape the landscape of the industry?
3. In what ways do import and export considerations impact the dynamics of the Olive Industry?
4. Which technological advancements are anticipated to shape the future of the Olive Market?
5. Who are the noteworthy players highlighted in the Olive Market research report?
6. What are the anticipated USD valuations and the CAGR for the forecasted years?

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We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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