In 2023, the demand for olives in North America stood at 348.0 thousand metric tons. The forecasted data indicates a steady year-on-year growth in demand, with values rising from 353.0 thousand metric tons in 2024 to 372.0 thousand metric tons by 2028. This represents a consistent annual growth of approximately 1.4% from 2024 to 2028.
The last two years show a year-on-year increase of 1.4% from 2023 to 2024 and an identical 1.4% from 2027 to 2028. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) for olive demand is projected to be around 1.4%, reflecting a stable upward trend in consumption.
Future trends to watch for include potential shifts in consumer preferences towards healthier foods, possible supply chain disruptions due to climate change, and evolving dietary trends that could either boost or temper the demand for olives. Monitoring these factors will be essential for anticipating changes in the market dynamics over the coming years.
