MarkNtel Advisors, a leading market research firm, has showed its latest study titled "Olive Market", offering a detailed industry overview and market perspective. This comprehensive research provides insights into the current state of the market, highlighting recent advancements and emerging trends.
The report combines in-depth quantitative analysis with qualitative analysis; it ranges from macro-overviews of the overall market size, industry chain, and market dynamics to micro details of segment markets. This, as a result, provides a thorough overview of the industry under study as well as a profound understanding of all of its important features.
Analysis and Insights into the Olive Market: 2024-2030
The Global Olive Market size was valued at USD 13.98 billion in 2023 & is projected to reach USD 19.47 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 4.85% during the forecast period, i.e., 2024-30.
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What are the primary factors driving the growth of the Olive market?
Global Olive Market Driver: Expansion of Quick Service Restaurant (QSR) Chains to Generate Noteworthy Demand for Table Olives
Consumers residing in countries of North America, Europe, and Asia-Pacific are witnessing rapid urbanization and a substantial increase in disposable income. This has affected the eating behavior of individuals & enhanced the inclination towards fast food, which subsequently has led to a surge of quick service restaurants (QSRs). Major QSRs chains like Subway, Taco Bell, Domino’s Pizza, etc., have expanded their network across the globe, which spurred their number during 2019-2023. For instance:
In 2023, Burger King announced its plan to launch 200 new Burger King restaurants annually in China.
These QSRs generally serve fast food items like burgers, sandwiches, pizza, pasta, etc., all of which have table olives as a main ingredient, which significantly augments the need for olives. Moreover, owing to the low-pricing & quick service of these outlets, consumers are getting more habitual of the fast food offered by QSR. Hence, the QSR chains are predicted to expand further, which would continuously generate demand for olives during the forecast period.
Olive Market Segmentation:
The Olive market is categorized in to different segments. Analyzing growth across these segments enables a comprehensive understanding of key growth areas within the industry. This segmentation provides valuable market insights, empowering stakeholders to make strategic decisions and identify primary market applications effectively.
By Type
-Green Olive
-Black Olive
· Green Olive type accounted for a substantial market share, as this variety is used mostly in all Mediterranean dishes, such as Mediterranean pasta salad, green olive hummus, etc.
By Product
-Raw Olive
-Canned Olive
-Frozen Olives
-Dried Olives
-Pickled Olives
-Others (Stuffed Olives, Marinated Olives, etc.)
By End User
-Households
-Food Service Sector
By Sales Channel
-Direct/B2B
-Indirect/B2C
--Hypermarkets/Supermarkets
--Convenience Store
--Online Stores
--Others
Geographical Analysis into the Olive Market:
· North America: USA, Canada, Mexico
· Europe: Germany, UK, France, Italy, Spain, Rest of Europe
· Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific
· South America: Brazil, Argentina, Rest of South America
· Middle East & Africa: UAE, Saudi Arabia, South Africa, Rest of the Middle East & Africa
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Competitive Landscape and Olive Market Share Analysis:
The competitive landscape of the Olive market includes comprehensive details about competitors. These details encompass company overviews, financial performance, revenue generation, market potential, investments in research and development, new market strategies, production facilities, strengths and weaknesses, product launches, ongoing trials, approvals, patents, product range, dominant applications, and technology life cycle.
The report features major players including:
Olive Line International S.L, GARO-Aceituna Verde SL, FRUYPER SA, 2Brothers Company, EVGE Hellenic Food Company, GAIA Olives, Olives Escamilla, Eugene Brunel, Bell-Carter Foods, LLC, Agrosevilla, Sovena Group, La Salerosa, OliveOilsLand, Artem Oliva, Aceitunas Guadalquivir S.L etc.
Market research studies from MarkNtel Advisors are offered in PDF, Excel and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address.
Questions Addressed in this Study
· What factors are driving the Olive Market growth?
· How is the Olive Market expected to grow over the next five years?
· What are the key insights into the current trends in the Olive Market?
· What is the current size of the Olive Market, and how is it projected to change in the future?
· What is the future outlook for the Olive Market in terms of technological advancements and market expansion?
Why choose MarkNtel?
MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 14.8 diverse industrial verticals.
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