Asia Pacific Olive Market Size (2024 - 2029)

The Asian Olive Market is experiencing growth driven by the increasing global demand for olive oil, particularly in the food and beverage sector. This demand is fueled by consumers' rising awareness of the nutritional benefits of olive oil, which is expanding its application beyond traditional uses in soaps, cosmetics, and pharmaceuticals. Despite the low olive production in the Asia Pacific region, the market is expected to grow steadily over the forecast period, with a significant reliance on imports to meet consumer needs.

Market Size of Asia Pacific Olive Industry

Asia Pacific Olive Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Market Size (2024) USD 9.56 Billion
Market Size (2029) USD 11.73 Billion
CAGR (2024 - 2029) 4.20 %

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.

China
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
Japan
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
India
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
Australia
Production Analysis
Consumption Analysis and Market Value
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
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Asia Pacific Olive Market Size Summary

The Asia Pacific olive market is experiencing a steady expansion, driven primarily by the increasing global demand for olive oil, particularly in the food and beverage sector. This demand is fueled by consumers' growing awareness of the nutritional benefits of olive oil, which has traditionally been used in soaps, cosmetics, and pharmaceuticals. Despite the region's limited olive production due to unsuitable climatic conditions, the market is poised for growth, with imports playing a crucial role in meeting the consumption needs. The forecast period anticipates continued growth in the market, supported by the rising popularity of olive oil in various applications.

Olive production in the Asia Pacific is minimal, with countries like Lebanon, Palestine, and Iran leading in production within the region. However, the region relies heavily on imports to satisfy its demand, with Spain and Greece being the primary suppliers. Despite the low production levels, there is a noticeable export activity from the Asia-Pacific countries, albeit on a smaller scale. The market's growth trajectory is underpinned by the increasing import value, reflecting the region's dependence on international markets to fulfill its olive consumption requirements.

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Asia Pacific Olive Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Rise In Olive Production Across the Region

      2. 1.2.2 Shift In the Consumption Pattern Toward Inclusion of Olive Oil in Regular Diet

      3. 1.2.3 Increasing Demand for Olive In Food Service And Other Industries

    3. 1.3 Market Restraints

      1. 1.3.1 Extreme Climatic Anomalies Disrupting the Production Of Olives

      2. 1.3.2 High Cost of Production

    4. 1.4 Value Chain Analysis

    5. 1.5 PESTLE Analysis

  2. 2. MARKET SEGMENTATION

    1. 2.1 China

      1. 2.1.1 Production Analysis

        1. 2.1.1.1 Consumption Analysis and Market Value

        2. 2.1.1.2 Import Market Analysis (Volume and Value)

        3. 2.1.1.3 Export Market Analysis (Volume and Value)

        4. 2.1.1.4 Price Trend Analysis

      2. 2.1.2 Japan

        1. 2.1.2.1 Production Analysis

        2. 2.1.2.2 Consumption Analysis and Market Value

        3. 2.1.2.3 Import Market Analysis (Volume and Value)

        4. 2.1.2.4 Export Market Analysis (Volume and Value)

        5. 2.1.2.5 Price Trend Analysis

      3. 2.1.3 India

        1. 2.1.3.1 Production Analysis

        2. 2.1.3.2 Consumption Analysis and Market Value

        3. 2.1.3.3 Import Market Analysis (Volume and Value)

        4. 2.1.3.4 Export Market Analysis (Volume and Value)

        5. 2.1.3.5 Price Trend Analysis

      4. 2.1.4 Australia

        1. 2.1.4.1 Production Analysis

        2. 2.1.4.2 Consumption Analysis and Market Value

        3. 2.1.4.3 Import Market Analysis (Volume and Value)

        4. 2.1.4.4 Export Market Analysis (Volume and Value)

        5. 2.1.4.5 Price Trend Analysis

Asia Pacific Olive Market Size FAQs

The Asia Pacific Olive Market size is expected to reach USD 9.56 billion in 2024 and grow at a CAGR of 4.20% to reach USD 11.73 billion by 2029.

In 2024, the Asia Pacific Olive Market size is expected to reach USD 9.56 billion.

Asian Olive Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)