Technavio’s Olive Market report forecasts an increase of 911.64 thousand tons, growing at a CAGR of 3.7% between 2022 and 2027. Key growth drivers include rising demand from the food sector, government initiatives supporting olive cultivation, and growing olive oil consumption driven by shifts in dietary habits. As the market expands, more investment in olive production is expected to keep up with consumer demands. This growth underlines the increasing importance of olive oil in culinary settings, emphasizing the need for innovation to sustain long-term market expansion.

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