Growing Vegan Population Paves New Doors for Olive Market to Surpass USD 19.47 Billion by 2030

 The growing vegan population propels the growth of the olive Market- Stated a recently published report by Markntel Advisors, a leading consulting, data analytics, and market research firm. The report comprises major factors bolstering the growth of the olive industry. The surge in the vegan population is generating a high demand for plant-based foods that have high healthy fat percentage, richness of Vitamin E, antioxidants, etc. This rising inclination towards the vegan population offers lucrative opportunities for future industry growth.

Better Understanding of Olive

The olive is a small, oval-shaped, and bitter-tasting fruit from the evergreen olive tree (Olea Europaea), primarily found in the Mediterranean region. It is known as table olives, they are nutrient-rich, containing potassium, iron, calcium, phosphorus, copper, sodium, vitamin E, and manganese.

14 Varieties of Olives to Know:

  • Kalamata: Region: Greece, Color: Deep purple, and Taste: Rich, smoky, fruity
  • Castelvetrano: Region: Italy, Color: Bright green, and Taste: Mild, buttery
  • Cerignola: Region: Italy, Color: Green, and Taste: Crisp, buttery
  • Nyon: Region: France, Color: Jet-black, and Taste: Mildly bitter
  • Niçoise: Region: France, Color: Black, and Taste: Assertive but not overpowering
  • Liguria: Region: Italy, Color: Green and black, and Taste: Rich
  • Gaeta: Region: Italy, Color: Purplish-brown, and Taste: Tart, citrusy
  • Picholine: Region: France, Color: Green, and Taste: Tart, nutty, anise-y
  • Gordal: Region: Spain, Color: Green, and Taste: Rich
  • Alfonso: Region: Chile, Color: Deep purple, and Taste: Sour bitterness.
  • Mission: Region: US, Color: Black, and Taste: Mild, grassy, bright.
  • Manzanilla: Region: Spain, Color: Green, and Taste: Smoky, almond-y
  • Beldi: Region: Morocco, Color: Black, and Taste: Intense
  • Amfissa: Region: Greece, Color: Black and green, and Taste: Mild, fruity

Global Olive Market Forecast (2024-30)

The report comprises, “Global Olive Market Research Report: By Type (Green Olive, Black Olive, 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]), and Others Forecast (2024-2030)”, According to the report, 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.

Something New About Growing Industry

The growing adoption of organic olives further boosts the demand for the olive industry. In addition to this, the quest for a healthier lifestyle is growing among Gen Z and the millennial population, which would enhance the inclination toward organic food products. Therefore, resulted in exponential growth of the Olive industry.

Conclusion

The blog comprises Global market players in the Olive industry, with market product information. This blog entails details regarding the prominent factors behind the surging demand for futuristic growth and new opportunities that facilitate market development. Market players such as 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, and other leading companies, facilitate revolutionizing the global market and promoting a secure future for the Olive market.

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