Pickles and Pickle Products Market:
Growth, Trends and Forecasts (2017 - 2022)
The global pickles and pickle products market valued at USD 10.80 billion in 2016 is expected to reach USD 14.57 billion by 2022 at a CAGR of 3.1%. Pickle and pickle products vary as per local taste and preferences and thus, many international, as well as regional players, are succeeding in this market.
Large varieties, flavors, and major ingredients make this a huge market.
The market is largely influenced by factors such as health benefits, taste enhancement and demand of food complimentary products. The price variation of raw materials is restricting the market.
The rising popularity of non-GMO, organic pickles and the introduction of innovative products with better taste and targeting health concerns are exploitable opportunities.
As per taste, the market is segmented into sweet, salty and sour pickles. On the basis of distribution channels, the market is divided into grocery retailers, hypermarket, supermarkets, food services, online retailers, etc.
The global pickles and pickle products market is dominated by North America having 57% of the total market share.
The USA is the largest consumer in North America as around 90% of Americans use pickles in their daily diets as a complimentary food item.
– Article by Mordor Intelligence