The forecast for olives consumption in the US indicates a steady decline from 0.95 pounds per capita in 2024 to 0.9 pounds per capita in 2028. This forecasted data suggests a slight but consistent year-on-year decrease. For instance, the year-on-year variation from 2024 to 2025 shows a -1.05% decrease, from 2025 to 2026 a -2.13% decrease, from 2026 to 2027 a -1.09% decrease, and from 2027 to 2028 a -1.10% decrease.
The compound annual growth rate (CAGR) over this period averages a -1.32% annual decline, reflecting a downtrend in overall olive consumption. In 2023, actual consumption was higher, thus indicating a recent shift in consumer preferences or market conditions.
Future trends to watch for include potential shifts in consumer health trends that could lead to increased demand for olives due to their health benefits. Additionally, economic factors such as changes in disposable income and the influence of international trade policies on olive import prices may also impact future consumption patterns.
