Global Pickles Market: 2017: Region Wise Analysis of Top Players in Market By Types and Application
The global pickles market has witnessed a healthy growth over the years, owing to the increasing applications of pickles due to their numerous health benefits, and the rising demand for non-GMO pickles among the consumers.
The latest report by IMARC Group, titled “Pickles Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022”, finds that the global pickles market reached a value of more than US$ 10 Billion in 2016. Pickles consist of vegetables and fruits soaked in the solution of vinegar or salt brine which helps to preserve them for a longer period of time. The solution prevents the pickles from decaying and encourages fermentation which makes them less vulnerable to spoilage-causing bacteria. Earlier this process was invented to preserve the vegetables and fruits, but nowadays pickles are consumed extensively as people relish the resulting flavour which is determined by several factors, such as the temperature of fermentation, the acidity or salinity of the solution and the exclusion of oxygen.
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Highlights of the global pickles market:
The rising popularity of organic and non-GMO pickles coupled with the introduction of innovative products are driving the growth of the market.
Supermarkets and hypermarkets are the most popular distribution channels.
North America represents the largest market, accounting for the majority of the market share.
The health benefits offered by pickles is the major reason for their rising demand across the globe. They introduce vitamin-B to improve the nutritional value of food, supply essential minerals and vitamins, reduce ulcers, help in digestion and possess anti-oxidant properties. Further, increasing preference for healthier varieties of pickles with lower salt content, and non-GMO and organic ingredients is influencing the market growth. Moreover, pickles are used as toppings to enhance the taste of various food products such as sushi, sandwiches, hotdogs, burgers, etc. This, in turn, has propelled the demand for pickles globally. According to the report, the global pickles market is further expected to reach a value of about US$ 12 Billion by 2022, exhibiting a CAGR of nearly 3% during 2017-2022.
Global Pickles Market
The market is segmented on the basis of product type into fruit pickles, vegetable pickles and meat pickles. On the basis of taste, the market is segregated in sweet, salty and sour pickles. Based on distribution channel, supermarkets and hypermarkets represent the most popular distribution channel. It is followed by convenience stores, independent retailers and online. Region-wise, North America currently accounts for the majority of the global share, followed by Asia Pacific and Europe. Other major regions are the Middle East and Africa, and Latin America. On evaluating the competitive landscape of the market, it is found that the key players include ADF Foods, Pinnacle Foods Inc., Kraft Heinz, Del Monte Foods and Reitzel.
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The report by IMARC Group has examined the global pickles market on the basis of:
Supermarkets and Hypermarkets
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