Summary
The global pickles market reached a value of US$ 11.1 Billion in 2021. Looking forward, the analyst expects the market to reach US$ 14.1 Billion by 2027, exhibiting a CAGR of 4.05% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Pickles are a rich source of essential nutrients like vitamins, iron, calcium and potassium and possess anti-oxidant properties. They are prepared to preserve or extend the lifespan of a fruit, vegetable or a mix of both, by either anaerobic fermentation in brine or immersion in vinegar. They are known for a wide range of health benefits, such as improving digestion, supplying essential minerals and vitamins and reducing ulcers. In recent years, the aggressive promotional activities by the manufacturers have increased the popularity of cross-cultural cuisine which, in turn, has helped in driving the demand for pickles worldwide.
Market Drivers:
In recent years, non-GMO and organic pickles have gained traction among health-conscious consumers. These products are made without preservatives and other synthetic chemicals which can have a negative impact on health. Moreover, the manufacturers are introducing new flavors as per the local tastes and preferences of consumers. The leading companies are also offering convenient and cost-effective packaging options for pickles to facilitate ease of use and on-the-go consumption. These packaging variants range from glass jars, PET jars and single-serve packs to stand-up and multi-layered coextruded pouches to polypropylene injection molded containers with flexible heat-sealable and peelable lids.
Key Market Segmentation:
the analyst provides an analysis of the key trends in each sub-segment of the global pickles market, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on type, taste and distribution channel.
Breakup by Type:
Fruit
Vegetable
Meat
Others
Currently, fruits represent the most popular product type, holding the largest market share. Fruits including pears, peaches, apples, mangoes, grapes, currants, olives, etc. are majorly used to make pickles.
Breakup by Taste:
Sweet
Salty
Sour
The market has further been classified on the basis of tastes into sweet, salty and sour.
Breakup by Distribution Channel:
Supermarkets and Hypermarkets
Convenience stores
Independent retailers
Online Stores
Others
Amongst these, supermarkets and hypermarkets represent the leading channel of distribution as they offer a wide variety of products from numerous brands to the consumers.
Regional Insights:
North America
Asia Pacific
Europe
Middle East and Africa
Latin America
Region-wise, North America enjoys the leading position in the global market. There has been a rise in the consumption of pickles in the region owing to their differentiating taste and flavor enhancing properties.
Competitive Landscape:
The competitive landscape of the market is fragmented in nature with numerous small and large manufacturers who compete in terms of prices and quality. Some of the leading players operating in the market are:
ADF Foods
Conagra Brands, Inc.
Pinnacle Foods Inc.
Kraft Heinz
Del Monte Foods
Reitzel
Key Questions Answered in This Report:
How has the global pickles market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global pickles market?
What are the key regions in the global pickles market?
Which are the popular product types in the global pickles market?
What are the major distribution channels in the global pickles market?
What are the several taste categories in the global pickles market?
What are the various stages in the value chain of the global pickles market?
What are the key driving factors and challenges in the global pickles market?
What is the structure of the global pickles market and who are the key players?
What is the degree of competition in the global pickles market?
How are pickles manufactured?
