The actual demand for olives in India stood at 3.0 Thousand Metric Tons in 2023. The forecast data shows a stable demand of 3.0 Thousand Metric Tons from 2024 to 2026, followed by a 33.3% increase to 4.0 Thousand Metric Tons in 2027, remaining stable at 4.0 Thousand Metric Tons in 2028. The year-on-year variation: from 2023 to 2024 is 0%, 2025 is 0%, 2026 is 0%, 2027 is +33.3%, and 2028 is 0%. The compound annual growth rate (CAGR) over the next five years is 6.7%.
Future trends to watch for:
- Increased awareness and adoption of a Mediterranean diet could drive future demand.
- Improvement in retail infrastructure and e-commerce could facilitate easier access to olives.
- Economic growth and rising disposable incomes could lead to a greater shift towards premium and imported food items.
