North America Olive Market Size (2024 - 2029)

North America Olive Market Analysis

The North America Olive Market size is estimated at USD 6.90 billion in 2024, and is expected to reach USD 9.13 billion by 2029, growing at a CAGR of 5.74% during the forecast period (2024-2029).

The North American olives market has grown rapidly in recent years, majorly driven by a shift in the consumption pattern toward including olive oil in regular diet and greater usage of table olives. In North American countries, most olives are produced for oil. However, there are significant markets for processed olives for food, usually as an appetizer or snack or as an additive to cooked dishes. Olives used for oil contain up to 20% oil by weight, including the pit.

In North America, olive production is predominantly centered in the United States, with California at the forefront. In 2023, California processed over 1.94 million gallons of olive oil, representing more than 95% of the United States olive yield, as the Olive Oil Commission of California reported. Additionally, states such as Texas, Georgia, Florida, Arizona, Oregon, Alabama, and Hawaii also play a role in olive cultivation in the country.

In recent years, American consumers have embraced a dietary revolution centered on the nutritional advantages of olive oil. This surge in demand is directly linked to the health benefits of oil. The monounsaturated fats and antioxidants in olive oil are crucial in preventing cardiovascular diseases, hyperlipidemia, and hypertension. Given that the demand for olive oil is closely tied to the demand for olives, the rising popularity of olive oil has led to increased olive production in North America. While Mediterranean nations like Spain, Italy, Morocco, and Tunisia have historically dominated olive oil consumption, families in the United States, Mexico, and Canada also regularly incorporate refined and virgin olive oil into their diets.

According to the US Department of Agriculture and the International Olive Council, in 2023, the United States consumed 375,000 metric tons of olive oil, marking its debut as the world's second-largest consumer, surpassing Spain. Additionally, the California Olive Oil Council's Extra-Virgin certification program, which endorses oil pressed from 100% California-grown olives, has not only enhanced the value of California's olive oil but also appealed to consumers favoring local products, further boosting olive production in the region.

North America Olive Industry Segmentation

Olive, with the botanical name Olea europaea, also known as 'European olive' in Latin, belongs to the family Oleaceae, found traditionally in the Mediterranean basin. Olive cultivars are primarily used for oil consumption. The North American olive market is segmented by geography (United States, Canada, and Mexico). The study covers production analysis (volume), consumption analysis (value and volume), export analysis (value and volume), import analysis (value and volume), and price trend analysis. The report offers market estimation and forecasts in value (USD) and volume (metric tons).