Asia Pacific Olives Market Size
| 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 % |
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Asia Pacific Olives 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, growing at a CAGR of 4.20% during the forecast period (2024-2029).
Global demand for olive oil in food and other industrial practices is the prime driver of the olive market. The market for olive oil in food and beverage is growing at a rapid pace owing to the surging demand from consumers for the nutritional values of olive oil. While olive oil has traditionally found applications in soaps, cosmetics, and pharmaceutical products, its use in the food and beverage industry has shown positive growth. This trend is seen to continue over the forecast period. Olive production in the Asia Pacific is very low and depend on imports.
Asia Pacific Olives Market Trends
This section covers the major market trends shaping the APAC Olive Market according to our research experts:
Middle East Countries are the Major Producer
Olive production in the Asia-Pacific region is very low due to the climate, which is unsuitable for olive production. This region produced only 0.4 million ton of olives in 2018. According to FAO, Middle East countries, such as Lebanon, Palestine, and Iran produced a relatively significant amount of Olives in the region with 27.0%, 21.9%, and 19.5% production share. These three countries collectively produced 68% of the total olives produced in the Asia-Pacific Region. Australia, Israel, and Iraq are other minor olive producing countries in this region.
United States Dominates the Import Market
Asia Pacific countries primarily depend on olive imports to meet its consumption demand. According to FAO, this region imported 755 million worth of olives in 2018 and has been continuously increasing since 2015. The major importing partners of this region are Spain, Greece with 48.16%, and 29.23% share of the total Asia-Pacific region import value, respectively. Even though olive production is very low in this region, the minor amount of exports from the Asia-Pacific region is noticed. According to the ITC trade map, it exported USD 44 million worth of olives in 2018.
Asia Pacific Olives Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Introduction to Market Drivers and Restraints
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4.3 Market Drivers
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4.4 Market Restraints
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4.5 Value Chain Analysis
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4.6 PESTLE Analysis
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5. MARKET SEGMENTATION
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5.1 Geography
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5.1.1 China
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5.1.1.1 Production Analysis
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5.1.1.2 Consumption Analysis and Market Value
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5.1.1.3 Import Market Analysis (Volume and Value)
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5.1.1.4 Export Market Analysis (Volume and Value)
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5.1.1.5 Price Trend Analysis
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5.1.2 Japan
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5.1.2.1 Production Analysis
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5.1.2.2 Consumption Analysis and Market Value
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5.1.2.3 Import Market Analysis (Volume and Value)
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5.1.2.4 Export Market Analysis (Volume and Value)
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5.1.2.5 Price Trend Analysis
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5.1.3 India
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5.1.3.1 Production Analysis
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5.1.3.2 Consumption Analysis and Market Value
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5.1.3.3 Import Market Analysis (Volume and Value)
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5.1.3.4 Export Market Analysis (Volume and Value)
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5.1.3.5 Price Trend Analysis
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5.1.4 Australia
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5.1.4.1 Production Analysis
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5.1.4.2 Consumption Analysis and Market Value
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5.1.4.3 Import Market Analysis (Volume and Value)
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5.1.4.4 Export Market Analysis (Volume and Value)
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5.1.4.5 Price Trend Analysis
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6. MARKET OPPORTUNITIES AND FUTURE TRENDS
Asia Pacific Olives Industry Segmentation
The report defines olives as 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. For the purpose of this report, the market scope includes only fresh and chilled olives. Market estimations have been made based on the consumption of fresh and/or chilled olives in the Asia-Pacific region.
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Asia Pacific Olives Market Research FAQs
How big is the Asia Pacific Olive Market?
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.
What is the current Asia Pacific Olive Market size?
In 2024, the Asia Pacific Olive Market size is expected to reach USD 9.56 billion.
What years does this Asia Pacific Olive Market cover, and what was the market size in 2023?
In 2023, the Asia Pacific Olive Market size was estimated at USD 9.17 billion. The report covers the Asia Pacific Olive Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Asia Pacific Olive Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
APAC Olive Industry Report
Statistics for the 2024 APAC Olive market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. APAC Olive analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
