Asia Pacific Olive Market Size (2024 - 2029)

Asia Pacific Olive Market Analysis

The Asia Pacific Olive Market size is estimated at USD 9.56 billion in 2024, and is expected to reach USD 11.73 billion by 2029, at a CAGR of 4.20% during the forecast period (2024-2029).

• In recent years, the Asia-Pacific olive market has witnessed rapid growth, primarily fueled by rising demand in the food service and retail sectors. This surge is also attributed to the increasing popularity of table olives, heightened olive production, and a notable shift in consumption patterns, particularly the growing incorporation of olive oil into daily diets. For instance, according to FAOSTAT, olive production in Asia was 3.26 million metric tons in 2021 to increased by 5.06 million metric tons in 2022. The health benefits associated with olives have notably heightened their appeal in Asian nations. Numerous studies underscore that olives are nutrient-rich, potentially aiding in cancer prevention and alleviating nerve-related issues. Their beneficial fatty acids, antioxidants, and vitamins have propelled olive oil's stature as a sought-after healthy fruit oil in the region.
• Moreover, the olive market's robust growth is largely attributed to the surging demand in food service and retail channels. In Asian countries, olives find extensive use in food services, restaurants, and bars. They're integral to dishes like sandwiches, pizza, pasta, and salads, all of which are staples in restaurants and food outlets. Coupled with the significant expansion of the food and beverage (F&B) industry, this trend underscores a primary driver of the olive market's growth.
• Additionally, trade campaigns spearheaded by organizations such as the International Olive Council and the Interprofessional Association of Spanish Olive Oil are actively promoting olive consumption in the region. These initiatives are translating into tangible sales boosts in Asian markets. For instance, data from the Interprofessional Association of Spanish Olive Oil reveals a 10.25% uptick in Spanish olive oil sales in China, hitting 45,840 metric tons during the 2022 campaign. Given the momentum from these campaigns and trade events, the demand for olives and olive oil in the Asia-Pacific is poised for continued growth in the coming years.

Asia Pacific Olive Industry Segmentation

Olive is a green or black fruit that is edible and used to produce olive oil. The Olive Market Report Analyzes the Production (Volume), Consumption (Value and Volume), Import (Value and Volume), Export (Value and Volume), and Price Trend Analysis. The report offers market size and forecast in terms of Value in (USD) and Volume in (Metric Tons) for all the segments mentioned above.