North America Olive Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

North America Olive Market Size:

The estimated size of the North American olive market in 2023 is USD 6.53 billion, with a projected growth to reach USD 8.63 billion by 2028, exhibiting a compound annual growth rate (CAGR) of 5.74% during the forecast period of 2023–2028.

The significant growth of the North American olives market can be attributed to the changing consumption patterns, particularly the increased inclusion of olive oil in regular diets and the greater usage of table olives. Olive oil is the primary component in the consumption of olives in the region, and there has been a growing preference for table olive toppings or olives as ‘tapas’ in recent years. This trend has resulted in a consistent demand for olive imports to meet domestic requirements.

Among the countries in North America, the United States stands out as one of the largest producers of olive fruits. California, in particular, accounts for over 95% of the olives grown in the United States. Initially, olive production in California was primarily intended for oil. However, as production increased at a faster rate than the demand for olive oil, other markets developed. As of 2021, the production of olive fruit in the United States reached 91.6 thousand metric tons, and this figure is expected to rise in the future, thereby driving the growth of the olive market in the region.

Get the free sample report of the North America Olive Market