Olives are a fruit that grows on trees in the Mediterranean region and other parts of the world with similar climates. They are commonly used in cooking, especially in Mediterranean and Middle Eastern cuisines, and are also eaten as a snack or appetizer.
Olives are small, oval-shaped fruits with a hard pit in the center. They have a bitter taste when raw and are typically cured or pickled to remove the bitterness and enhance their flavour. Olives can be cured using various methods, including brining, dry salting, and soaking in water or oil.
There are many different types of olives, with varying flavours, colours, and textures. Some of the most popular varieties include:
Olives are a good source of healthy fats, fiber, and antioxidants, making them a nutritious addition to a balanced diet.
The market for olives is significant and continues to grow, driven by increasing demand for Mediterranean-style cuisine and healthy, plant-based foods. The global olive market was valued at around $10 billion in 2020 and is expected to reach around $15 billion by 2026, with a compound annual growth rate (CAGR) of around 6%.
The market for olives is segmented by type, form, application, and region. The most common types of olives include green, black, and specialty varieties such as Kalamata and Niçoise. Olives can be sold in various forms, including whole, pitted, sliced, stuffed, and in paste or oil form. They are used in various applications, from cooking and snacking to food service and industrial processing.
The market for olives is driven by increasing demand for healthy, plant-based foods, growing consumer interest in Mediterranean cuisine, and the rising popularity of specialty and gourmet foods. However, the market also faces price fluctuations, supply chain disruptions, and competition from alternative healthy fats and plant-based protein sources.
Some major global olive market players include companies such as Deoleo, Agro Sevilla, Bell-Carter Foods, Gaea Products, and Del Monte Foods. These companies operate in various regions and offer a wide range of olive products to consumers and businesses alike.
Some of the major players in the global olive market include:
Commercial production of olives involves several stages, including planting, cultivation, harvesting, and processing. The following is a general overview of the commercial production process for olives:
Commercial olive production is a global industry with major producers located in countries such as Spain, Italy, Greece, Turkey, and the United States. The production process can vary slightly depending on the specific region and variety of olives being produced.