Originally published by Technavio.The pickles market is anticipated to witness a Compound Annual Growth Rate (CAGR) of 4.3% between 2022 and 2027, with a projected increase of USD 2,808.82 million. Factors such as the rise in global pickle product launches, expansion within organized retail, and heightened demand for low-sodium and non-genetically modified organism (GMO) pickles are expected to underpin this growth trajectory.
This comprehensive pickles market report encompasses thorough market segmentation, including by product (fruit pickles, vegetable pickles, etc.), end-user (retail, foodservice), and geography (North America, Europe, APAC, South America, Middle East, and Africa), accompanied by an in-depth analysis of drivers, trends, and challenges. Moreover, it provides historical market data from 2017 to 2021.
Driving the market’s growth, the expansion in organized retail offers convenience and value, with supermarkets providing a variety of pickle flavors under one roof, particularly in countries like Brazil, India, and Mexico. Additionally, the emergence of e-retailing contributes to market expansion, notably in regions such as Europe, the UK, Germany, and France.
A key trend in the global pickles market is the growing demand for premium pickles, with various players launching new products to invigorate consumer interest. For instance, brands like the English Provender Company and ADF FOODS offer premium pickle ranges, leveraging authentic ingredients and no added preservatives, colors, or flavors.
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However, rising prices of raw materials pose a significant challenge, impacting production costs and, subsequently, packaged pickle prices. Despite intense competition and price wars among vendors, the market remains dynamic, with players diversifying portfolios, introducing organic options, and targeting emerging economies.
The fruit pickles segment is anticipated to witness significant growth during the forecast period, valued at USD 4,887.06 million in 2017 and continuing to expand until 2021. North America is poised to be a key region, contributing 42% to global market growth, driven by increasing demand for healthy, packaged foods and the adoption of convenient packaging options. Despite facing setbacks from the COVID-19 pandemic, the regional market is rebounding, fueled by a resurgence in demand from retail and restaurant sectors, alongside increasing adoption of online channels and digitization efforts.
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