Market Insights and Analysis: Olive Market Overview and Projections (2024-2030)
The Global Olive Market size was valued at USD 13.98 billion in 2023 & is projected to reach USD 19.47 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 4.85% during the forecast period, i.e., 2024-30.
Top leading companies in the Olive Market includes:
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.
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.
Report Segmentation:
The market is categorized into the following segments in the report:
By Type
-Green Olive
-Black Olive
- Green Olive type accounted for a substantial market share, as this variety is used mostly in all Mediterranean dishes, such as Mediterranean pasta salad, green olive hummus, etc.
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
Explore Our Comprehensive Study Reports - https://www.marknteladvisors.com/research-library/olive-market.html
Olive Market Geographic Reach:
The Geographic Reach of the Olive Market evaluates the spread and significance of Olive market consumption across different regions/country, emphasizing areas with the largest market size and the most promising growth potential.
- North America: USA, Canada, Mexico
- Europe: Germany, UK, France, Italy, Spain, Rest of Europe
- Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, South Africa, Rest of the Middle East & Africa
Note: If you require specific information not covered in the current report, we can provide it through customized option
Related Reports: -
https://www.openpr.com/news/3359403/cloud-gaming-market-exceeds-usd-2-8-billion-in-2023-projected
https://www.openpr.com/news/3356220/ginger-market-analysis-share-trends-challenges-and-growth
https://www.openpr.com/news/3356211/gcc-snacks-market-surpasses-usd-6-74-billion-in-2023-set-to-soar
https://www.openpr.com/news/3353760/office-supplies-market-surpasses-usd-162-billion-in-2023-set
Why choose Us?
MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
For Media Inquiries, Please Contact:
Call: +1 628 895 8081 | +91 120 4278433
Email: sales@marknteladvisors.com
Sales Office: 564 Prospect St, B9, New Haven, Connecticut, USA-06511
Corporate Office: Office No.109, H-159, Sector 63, Noida, Uttar Pradesh-201301, India
Comments (0)