[Latest] Olive Market is estimated to be US$ 15.00 billion by 2030 with a CAGR of 4.50% during the forecast period-BY PMI

Covina, Sept. 11, 2023

Olives and the Sustainable Development Goals (SDGs)

Olives are the fruit of the olive tree and are known for their distinctive oval shape and range of colors, including green, black, and various shades in between. Olive trees typically reach a height of 20 to 40 feet (6 to 12 meters) and have a gnarled, twisted trunk with silvery-gray bark. Olives can be consumed in various forms, but they are typically too bitter to be eaten directly from the tree. They are often cured, fermented, or processed to make them palatable.

The trend toward healthier eating and the recognition of the health benefits associated with olives and olive oil, such as their high content of monounsaturated fats and antioxidants, were expected to drive the demand for olive-based products. Advances in olive farming and processing technologies have the potential to increase yields and improve product quality, contributing to Olive Market growth.

Key Highlights

• In February 2023, Starbucks is launching olive oil-infused coffee in Italy. The coffee behemoth debuted its “Oleato” brand in about two dozen of its stores in Italy and has plans to expand it to Southern California. Oleato, according to Starbucks, means “with oil.” Starbucks’ Caffé Latte, Iced Shaken Espresso, and cold foam will all contain olive oil as part of the inaugural Oleato beverage assortment. The Partanna olive oil is infused in vanilla sweet cream froth to make the “golden” foam that tops cold brews, shaken in the iced espresso drink, and steamed with goat milk for the latte. To personalize drinks, customers can also order a press or teaspoon of Partanna olive oil.

Analyst View

Olive-producing countries have been exploring international markets to expand their exports. New markets and trade agreements could open up opportunities for olive producers. As consumers become more educated about the different types of olive oil (e.g., extra virgin, virgin, refined), there may be a growing preference for higher-quality oils, potentially benefiting premium olive oil producers.

Geography:

• North America – U.S., Canada
• Europe – UK, Germany, Spain, France, Italy, Russia, Rest of Europe
• Asia Pacific – Japan, India, China, South Korea, Australia, Rest of Asia-Pacific
• Latin America – Brazil, Mexico, Argentina, Rest of Latin America
• Middle East & Africa – South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Market Dynamics:

• Consumer Demand:

The demand for olives and olive products is influenced by consumer preferences for healthier and Mediterranean-style diets. Olive oil is often considered a healthy alternative to other cooking oils.

• Price Fluctuations:

Olive production can be affected by weather conditions, disease outbreaks, and other factors, leading to price fluctuations. This can affect the profitability of olive growers and the affordability of olive products for consumers.

• Regulations and Quality Standards:

Quality standards and regulations for olive products, such as Extra Virgin Olive Oil (EVOO), play a significant role in market dynamics. Compliance with these standards can impact a producer’s ability to sell products in certain markets.

Market Growth Factors:

• Health Benefits: Olive products, especially extra virgin olive oil, are recognized for their health benefits due to their high content of monounsaturated fats and antioxidants. As consumers become more health-conscious, this can drive growth in the market.
• Culinary Trends: The popularity of Mediterranean and Middle Eastern cuisines has led to increased consumption of olives and olive oil in various global markets.
• Innovation: Innovations in olive cultivation techniques, harvesting methods, and olive oil extraction processes can lead to increased productivity and quality, further driving market growth.

COVID-19 Analysis:

Positive Impact:

• Increased health consciousness during the pandemic may have boosted demand for healthier cooking options like olive oil.
• Rising interest in home cooking and gourmet foods may have led to increased olive product sales.

Negative Impact:

• Disruptions in supply chains and logistics due to lockdowns and restrictions could have affected the availability of olive products.
• Closure of restaurants and reduced foodservice operations in many regions may have impacted bulk purchases of olive products.

Competitive Landscape & their strategies of Olive Market:

The key players operating in the global Olive market includes,

• Olive line international S.L
• Chrisnas Olives
• Agrotiki S.A
• Texas Olive Oil
• La Carrera
• Apollo Olive Oil
• B.R. Cohn
• GARO-Aceituna Verde SL

• SDGs, Targets, and Indicators

  SDGs Addressed or Connected to the Issues Highlighted in the Article:

  1. SDG 2: Zero Hunger
  2. SDG 3: Good Health and Well-being
  3. SDG 8: Decent Work and Economic Growth
  4. SDG 12: Responsible Consumption and Production
  5. SDG 15: Life on Land

  Specific Targets Based on the Article’s Content:

  • Target 2.2: By 2030, end all forms of malnutrition, including achieving, by 2025, the internationally agreed targets on stunting and wasting in children under 5 years of age.
  • Target 3.4: By 2030, reduce by one-third premature mortality from non-communicable diseases through prevention and treatment and promote mental health and well-being.
  • Target 8.2: Achieve higher levels of economic productivity through diversification, technological upgrading, and innovation, including through a focus on high-value-added and labor-intensive sectors.
  • Target 12.2: By 2030, achieve the sustainable management and efficient use of natural resources.
  • Target 15.1: By 2020, ensure the conservation, restoration, and sustainable use of terrestrial and inland freshwater ecosystems and their services.

  Indicators Mentioned or Implied in the Article:

  • Indicator 2.2.1: Prevalence of stunting (height for age <-2 standard deviation from the median of the World Health Organization (WHO) Child Growth Standards) among children under 5 years of age.
  • Indicator 3.4.1: Mortality rate attributed to cardiovascular disease, cancer, diabetes, or chronic respiratory disease.
  • Indicator 8.2.1: Annual growth rate of real GDP per employed person.
  • Indicator 12.2.1: Material footprint, material footprint per capita, and material footprint per GDP.
  • Indicator 15.1.1: Forest area as a proportion of total land area.

  Table: SDGs, Targets, and Indicators

  SDGs	Targets	Indicators
  SDG 2: Zero Hunger	Target 2.2: By 2030, end all forms of malnutrition, including achieving, by 2025, the internationally agreed targets on stunting and wasting in children under 5 years of age.	Indicator 2.2.1: Prevalence of stunting (height for age <-2 standard deviation from the median of the World Health Organization (WHO) Child Growth Standards) among children under 5 years of age.
  SDG 3: Good Health and Well-being	Target 3.4: By 2030, reduce by one-third premature mortality from non-communicable diseases through prevention and treatment and promote mental health and well-being.	Indicator 3.4.1: Mortality rate attributed to cardiovascular disease, cancer, diabetes, or chronic respiratory disease.
  SDG 8: Decent Work and Economic Growth	Target 8.2: Achieve higher levels of economic productivity through diversification, technological upgrading, and innovation, including through a focus on high-value-added and labor-intensive sectors.	Indicator 8.2.1: Annual growth rate of real GDP per employed person.
  SDG 12: Responsible Consumption and Production	Target 12.2: By 2030, achieve the sustainable management and efficient use of natural resources.	Indicator 12.2.1: Material footprint, material footprint per capita, and material footprint per GDP.
  SDG 15: Life on Land	Target 15.1: By 2020, ensure the conservation, restoration, and sustainable use of terrestrial and inland freshwater ecosystems and their services.	Indicator 15.1.1: Forest area as a proportion of total land area.

  Behold! This splendid article springs forth from the wellspring of knowledge, shaped by a wondrous proprietary AI technology that delved into a vast ocean of data, illuminating the path towards the Sustainable Development Goals. Remember that all rights are reserved by SDG Investors LLC, empowering us to champion progress together.

  Source: globenewswire.com

   

  

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