Market Size of North America Olive Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 6.90 Billion |
| Market Size (2029) | USD 9.13 Billion |
| CAGR (2024 - 2029) | 5.74 % |
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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 towards the inclusion of olive oil in regular diet and greater usage of table olives.
- Olive oil is the major constituent in the consumption of olives in the region; the preference for table olive toppings or olives as 'tapas' has also been prevalent in recent years, which has translated into regular olive imports to meet domestic requirements.
- The United States is one of the largest producers of olive fruits in North America. California produces more than 95% of the olives grown in the United States. Originally, California olive production was intended for oil. However, other markets developed as production increased faster than the demand for olive oil. The production of olive fruit in the United States accounted for 91.6 thousand metric tons in 2021, which is expected to increase in the future, thereby driving the olive market in the region.
