November 15, 2021
According to the research report titled, ‘Global Pickles and Pickle Products Market is segmented into Product Type (Fruit Pickle, Vegetable Pickle, Meat Pickle, Sea Food Pickle, Relish, and Other Product Types), Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Online Retailers, and Other Distribution Channels), Regional Forecasts 2021-2027’, available with MarketStudyReport, global pickles and pickle products market was worth USD 12.65 billion and is expected to register an annual growth rate of 3.36% over 2021-2027, thereby accumulating USD 15.9 billion by the end of the analysis timeline.
Rising consumption of convenience food and strong demand for natural or organic food products are boosting the expansion of global pickles and pickle products market. As per the data released by Statista, convenience food segment held a share of 6% in the worldwide food market, generating sales of nearly USD 433 billion in 2019 and is anticipated to amass USD 585 billion by 2025.
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In addition, increasing preference towards organic and flavored pickles along with various business strategies adopted by key players to increase their consumer base in augmenting industry outlook. On the contrary, fluctuating prices of raw materials is likely to hamper the remuneration scope of the market in the ensuing years.
In terms of product type, the marketplace in bifurcated into vegetable pickle, fruit pickle, sea food pickle, relish, meat pickle, and other product types. Citing the distribution channel, global pickles and pickle products market is split into convenience stores, supermarkets/hypermarkets, online retailers, and other distribution channels.
Speaking of the geographical landscape, regions like North America, Europe, Asia Pacific, and Latin America are considered to understand the dynamics of this industry vertical. Among these, Asia Pacific market is anticipated to amass notable gains over 2021-2027 driven by increased commercialization and industrialization of the pickle procession industry, especially in India.
Moreover, year-round availability of these products along with the widespread usage of several types of pickled vegetables, fruits, seafood, and meat as meal accompaniment is further adding momentum to Asia-Pacific pickles and pickle product industry progression.
Key players operating in global pickles and pickle products market are Reitzel SA, Del Monte Foods Inc., ADF Foods Limited, Mt Olive Pickle Company Inc., Sims Food Inc., G.D. Foods Mfg (India) Pvt. Ltd, Nilon’s Enterprises Private Limited, The Kraft Heinz Company, Conagra Brands Inc., and Desai Foods Private Limited.