Market Insights & Analysis: Olive Market (2024-30)
Projected Growth: 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.
In-Depth Overview of the Olive Market
Utilizing both primary and secondary research methodologies, the Olive Market report offers an in-depth analysis valuable for stakeholders and investors seeking market insights. This report delves into market dynamics, providing a detailed examination of regional trends and developments.
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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.
Olive Market Segmentation
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
- In recent years, the Olive Market has been dominated by the Food Service industry.
By Sales Channel
– Direct/B2B
-Indirect/B2C
–Hypermarkets/Supermarkets
–Convenience Store
–Online Stores
–Others
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Leading Companies in the Olive Market
The report features major players including:
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.
Regional Analysis
The report covers a comprehensive analysis of the Olive Market across various regions:
- 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
The research highlights development opportunities and challenges in these regions, encompassing sales growth, product pricing and analysis, growth potential, and strategic recommendations for addressing market challenges.
Essential Questions Addressed in the Olive Market Report
- Who are the major players in the Olive Market?
- Which region presents the most potential for the Olive Market?
- Which application area of the Olive Market is anticipated to grow significantly in the coming years?
- What opportunities exist for new market entrants?
- What is the projected market size for the Olive Market by the end of the forecast period?
- What are the growth prospects for the Olive Market?
- What is the base year considered in this market report?
- Which region holds the largest market share in the Olive Market?
- What factors are expected to drive the growth of the Olive Market?
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