Global Olive Market Size To Exceed USD 22.61 Billion by 2033: Forecast Analysis Report

Global Olive Market Size To Exceed USD 22.61 Billion by 2033 

According to a research report published by Spherical Insights & Consulting, The Global Olive Market Size is Expected to Grow from USD 14.21 Billion in 2023 to USD 22.61 Billion by 2033, at a CAGR of 4.75% during the forecast period 2023-2033.                                   

Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on the Global Olive Market Size, Share, and COVID-19 Impact Analysis, By Product (Olive Oil and Table Olive), By Application (Food & Beverage, Pharmaceuticals, and Personal Care & Cosmetics), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033   

The olive market refers to the global industry involved in the cultivation, processing, distribution, and sale of olives and olive-derived products, primarily table olives and olive oil. Olives are cultivated mainly in Mediterranean regions and are valued for their nutritional, culinary, and economic importance, especially in the food and cosmetics industries. Moreover, the olive market is driven by growing consumer preference for healthy, natural foods like olive oil, increasing awareness of its health benefits (e.g., heart health), and rising demand for Mediterranean diets. Additionally, the popularity of plant-based and organic food products, coupled with expanding demand in cosmetics, fuels market growth. However, the olive market faces restraints such as climate vulnerability affecting crop yields, high production costs, competition from other vegetable oils, and challenges related to labour-intensive harvesting processes and limited availability of arable land.

The gun-based segment accounted for the largest share of the global olive market in 2023 and is anticipated to grow at a significant CAGR during the forecast period.  

Based on product, the global olive market is divided into olive oil and table olive. Among these, the gun-based segment accounted for the largest share of the global olive market in 2023 and is anticipated to grow at a significant CAGR during the forecast period. This is driven by its widespread use in cooking, salads, and Mediterranean diets due to its health benefits. Extra virgin olive oil, in particular, is highly sought after for its premium quality and nutritional advantages, surpassing table olives in overall demand.

The food & beverage segment accounted for a substantial share of the global olive market in 2023 and is anticipated to grow at a rapid pace during the projected period.

On the basis of the application, the global olive market is divided into food & beverage, pharmaceuticals, and personal care & cosmetics. Among these, the food & beverage segment accounted for a substantial share of the global olive market in 2023 and is anticipated to grow rapidly during the projected period.  This is driven by the high demand for olive oil and table olives in cooking, dressings, and mediterranean cuisine. Olive oil’s popularity as a healthy cooking oil and ingredient further boosts its dominance in the market.  

Europe is projected to hold the largest share of the global olive market over the projected period. 

Europe is projected to hold the largest share of the global olive market over the projected period, particularly due to Spain, Italy, and Greece, which are major producers of both olive oil and table olives. The region's long-standing cultivation tradition, high consumption of olive-based products, and dominant export presence contribute to its leadership in the market.

Asia Pacific is expected to grow at the fastest CAGR of the global olive market during the projected period.  This is driven by increasing health awareness, rising adoption of Mediterranean diets, and growing demand for olive oil in countries like China, Japan, and India. The region's expanding middle class and interest in plant-based cooking contribute to rapid market expansion.

Company Profiling

Major vendors in the global olive market are Cargill, Deoleo, Del Monte Foods, Gallo Worldwide, Borges International Group, Sovena, Sun Grove Foods, EU Olive Oil, Artajo Oil, Salov Group, Aceites Sandúa, Tucan Olive Oil Company, Domenico Manca, Les Huiles d'Olive Lahmar, Grampians Olive Co., Victorian Olive Groves, Gourmet Foods., and others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development

• In July 2024, to safeguard consumers, the Spanish government eliminated the sales tax on olive oil.  This action follows severe droughts, which have pushed olive oil prices up by 272% since 2020.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global olive market based on the below-mentioned segments:

Global Olive Market, By Product

• Olive Oil
• Table Olive

Global Olive Market, By Application

• Food & Beverage
• Pharmaceuticals
• Personal Care & Cosmetics

Global Olive Market, By Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa