Market Synopsis:
Pickles are made of fruits and vegetables by adding salt and spices as well as reducing moisture. It is widely consumed as a savory or a side dish. Its lifespan is increased by reducing moisture and increasing acidity. Market Research Future (MRFR)’s analysis highlights that the global pickles market is expected to strike a steady growth pace over the forecast period 2018 to 2023.
The pickles market insight is projected to grow from USD 10.4 Billion in 2023 to USD 15.4 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.10% during the forecast period (2023 - 2032)
Key players are focusing on innovation, which has led to the growth in demand for meat and seafood pickles. It is likely to gain quick mileage over the next couple of years. Also, the growth of the food & beverage industry is anticipated to motivate the growth of the pickles market in the years to come. It is expected to gain further momentum as an accompaniment meal over the next couple of years.
The advantages offered by pickles in digestion is expected to boost its demand generation in the nearby future. Increasing awareness about the same is likely to have a positive influence on the expansion of the market. However, volatility in the price of raw materials is poised to pose a challenge to market players in the forthcoming years.
Market Segmentation:
On the basis of type, the global pickles market has been segmented into vegetable pickles, fruit pickles, meat and seafood pickles, and others.
On the basis of packaging type, the global pickles market has been segmented into pouches, tubs, jars, and others.
On the basis of distribution channel, the global pickles market has been bifurcated into store-based and non-store-based. The store-based segment is sub-segmented into convenience stores, supermarkets and hypermarkets, specialty stores, and others.
Request for free sample copy: https://www.marketresearchfuture.com/sample_request/6543
Regional Analysis:
The global pickles market, for a detailed geographical analysis, has been segmented into four key regions - North America, Europe, Asia Pacific, and the Rest of the World (RoW). North America is expected to dictate the future trajectory of the global market and grow rapidly in the years to come. The growth of the food & beverage industry of the region is anticipated to support the growth curve of the pickles market in the region over the next couple of years. Pickles are widely consumed in the region as a side along with convenience food. The growing demand for convenience food owing to the adoption of a sedentary lifestyle by the majority of the population is poised to drive the proliferation of the pickles market in the region across the assessment period. In addition, the increasing demand for pickles as an ingredient in dishes such as burgers, sandwiches, etc. is projected to catapult pickles market on upward trajectory.
Pickles market outlook witness high demand across the country-level markets in Asia Pacific. The region is also anticipated to earn remarkable revenue from the export of pickles over the next couple of years. Asia Pacific observed the availability of a wide range of seasonal fruits and vegetables. The flourishing agriculture sector of the region is forecasted to support the acceleration of the pace of growth of the pickles market in the years to come. The regional segment is anticipated to strike the highest CAGR over the forecast period. The increasing disposable income of the region has led to rising demand across the food & beverage industry. This, in turn, is poised to propel the growth of pickles market in the region over the next few years. In addition, the adoption of western food culture is also expected to boost the demand for pickles as a side dish in the forthcoming years.
Competitive Dashboard:
The key players of the global pickles market studied in this MRFR report are Del Monte Food, Inc. (US), Pinnacle Foods Inc. (US), ADF Foods Ltd (India), the Kraft Heinz Co. (US), Mt Olive Pickles (US), Mitoku Co., Ltd (Japan), Hugo Reitzel (Switzerland), and Peter Piper’s Pickle Palace, Inc. (US).
Related Reports:
Spirulina Market Research Report Information By Type (Arthrospira platensis, Arthrospira maxima), By Application (Food & Beverage, Dietary Supplements, Cosmetics, and Personal Care), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2030.
Global Garcinia Market Research Report Information by Form (Powder and Liquid), Application (Dietary Supplements, Functional Food & Beverages, and Others) and Region (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa) - Forecast till 2030
NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
Contact us:
Market Research Future (part of Wantstats Research and Media Private Limited),
99 Hudson Street,5Th Floor, New York, New York 10013, United States of America
PH no.: +1 646 845 9312