Market Size of South America Olive Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 665.46 Billion |
| Market Size (2029) | USD 817.46 Billion |
| CAGR (2024 - 2029) | 4.20 % |
South America Olives Market Analysis
The South America Olive Market size is estimated at USD 665.46 billion in 2024, and is expected to reach USD 817.46 billion by 2029, growing at a CAGR of 4.20% during the forecast period (2024-2029).
In the production of olive, Peru tops with the highest production accounting for 189 thousand metric ton, followed by Argentina, which accounted for 175 thousand metric ton in 2018, thus holding the largest share of South America production. Chile holds the third-largest share.
South America Olives Industry Segmentation
Olives are small, oval-shaped fruits with a hard stone and bitter flesh that are green when unripe and bluish-black when ripe, mostly used as food and as a source of oil. Market estimations have been made based on the production, consumption, and trading in terms of import and export of fresh and/or chilled olives domestically, as well as internationally, along with the price trends.
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South America Olive Market Size Summary
The South America olive market is experiencing a notable expansion, driven by increasing production and demand across the region. Peru leads the market with the highest production, followed by Argentina and Chile, which together account for a significant portion of the continent's olive output. The region has seen a substantial rise in olive production, attributed to both traditional and modern farming practices. This growth is supported by various fermentation methods that enhance the quality and variety of olive products available for consumption. The combination of these factors is expected to sustain the market's growth trajectory over the forecast period.
Peru stands out as the major exporter of olives within South America, benefiting from its favorable climate and advanced farming techniques that ensure high yield and quality. The coexistence of modern and traditional production systems in Peru contributes to its robust export capabilities. Key importers of Peruvian olives include countries such as Ecuador, the United States, Brazil, and Jordan. This export demand is anticipated to further stimulate the market's growth, reinforcing Peru's position as a leading player in the South American olive industry during the forecast period.
South America Olive Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Value Chain Analysis
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2. MARKET SEGMENTATION
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2.1 Geography
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2.1.1 South America
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2.1.1.1 Argentina
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2.1.1.1.1 Production Analysis
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2.1.1.1.2 Consumption Analysis and Market Value
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2.1.1.1.3 Import Analysis by Volume and Value
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2.1.1.1.4 Export Analysis by Volume and Value
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2.1.1.1.5 Price Trend Analsysis
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2.1.1.2 Peru
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2.1.1.2.1 Production Analysis
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2.1.1.2.2 Consumption Analysis and Market Value
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2.1.1.2.3 Import Analysis by Volume and Value
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2.1.1.2.4 Export Analysis by Volume and Value
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2.1.1.2.5 Price Trend Analsysis
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2.1.1.3 Chile
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2.1.1.3.1 Production Analysis
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2.1.1.3.2 Consumption Analysis and Market Value
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2.1.1.3.3 Import Analysis by Volume and Value
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2.1.1.3.4 Export Analysis by Volume and Value
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2.1.1.3.5 Price Trend Analsysis
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South America Olive Market Size FAQs
How big is the South America Olive Market?
The South America Olive Market size is expected to reach USD 665.46 billion in 2024 and grow at a CAGR of 4.20% to reach USD 817.46 billion by 2029.
What is the current South America Olive Market size?
In 2024, the South America Olive Market size is expected to reach USD 665.46 billion.
