Based on the provided data, olives demand in the US has shown a steady increase from 325.0 thousand metric tons in 2024 to a forecasted value of 344.0 thousand metric tons in 2028. The demand in 2023 stood at 320.0 thousand metric tons. Year-on-year variations indicate a consistent growth, with an increase of 1.5% from 2024 to 2025, 1.2% from 2025 to 2026, 1.5% from 2026 to 2027, and 1.5% from 2027 to 2028. Over the last five years, the compound annual growth rate (CAGR) is projected at approximately 1.5%.
Future trends to watch for include shifts in consumer preferences towards healthier dietary options, growth in Mediterranean cuisine popularity, and potential impacts from agricultural advancements or climate change affecting olive production.
