Pickles are prepared to preserve or expand the lifespan of a particular fruit, vegetable or a mix of both, by either anaerobic fermentation in brine or immersion in vinegar. This process typically affects the texture and flavour of the pickles which are then widely consumed with meals as taste enhancers. They are also consumed as toppings in sandwiches, hamburgers and hotdogs. Most pickles are also known for their health benefits as they improve digestion, supply essential minerals and vitamins, reduce ulcers and possess anti-oxidant properties. According to IMARC Group’s latest report, titled “Pickles Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, the global pickles market reached a value of US$ 10 Billion in 2017.
The market is being driven by the wide range of health benefits offered by pickles as they are a rich source of essential nutrients such as vitamins, iron, calcium and potassium. Additionally, the growing popularity of non-GMO and organic pickles has positively influenced the market growth. The thriving food service sector has also contributed to the growing demand for pickles across the globe. Nowadays, a surge in cross-cultural cuisines has further widened the scope for the consumption of pickles in various emerging markets as well. Rising disposable incomes and aggressive promotional activities undertaken by the manufacturers is anticipated to fuel the market in the foreseeable future. Owing to the abovementioned factors, the market is expected to reach a value of US$ 12 Billion by 2023, growing at a CAGR of 3% during 2018-2023.
The report has segmented the market on the basis of type into fruit pickles, vegetable pickles, meat pickles and others. On the basis of taste, the market is segmented into sweet, salty and sour pickles. Supermarkets/hypermarkets represent the most popular distribution channel followed by convenience stores, independent retailers, online and others. Region-wise, North America accounts for the largest market share followed Asia Pacific and Europe. Other major regions include the Middle East and Latin America. The report has also analysed the competitive landscape of the market with some of the key global players being ADF Foods, Pinnacle Foods Inc., Kraft Heinz, Del Monte Foods and Reitzel.
This report provides a deep insight into the global pickles market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the pickles industry in any manner.
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 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 major taste preferences 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?