Pickles Market Analysis, Share, Industry, Opportunities 2031

Report Description

The global pickles market size was valued at USD 9.25 Billion in 2022 and is expected to reach USD 13.87 Billion by 2031, expanding at a CAGR of 4.6% during the forecast period, between 2023 and 2031.

Increasing demand for organic food such as pickles by a huge share of the global population is anticipated to drive the global pickles market. Manufacturers are utilizing fruits and vegetables for preparing pickles and providing a variety of choices to consumers. Pickles is recommended by health experts, as it contains vinegar, potassium, and sodium that prevents muscle cramps. These factors are boosting the market.

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Introduction to Pickles

Pickles are prepared from ingredients that not have been used for previous fermentation and curing in salt brine. They are prepared and preserved through natural fermentation or by direct addition of vinegar to an equilibrated pH of 4.6 or below. The equilibrated pH value is maintained for the storage life of pickles.

Pickles are further preserved by pasteurization. Pickles may contain nutritive sweeteners, flavorings, spices, seasonings, and other ingredients. Pickles are fat-free and low in calories and some other nutrients except for sodium. Most pickles contain a high amount of sodium. Fermented pickles act as probiotics, which provides health benefits.

Pickles Market Trends, Drivers, Restraints, and Opportunities

• Along with enhancing the taste of food, pickles also offer various health benefits. The health benefits of pickles are increasing the demand for pickles, which is driving the market.

• Rising awareness about the harmful effects of GMO products has shifted the interest of consumers towards organic pickles, which fuels the pickles market.

• Factors such as antioxidant property of pickle and improvement in digestion provides pickles an edge over other products, thus driving the market

• Fluctuating prices of raw materials and the ingredients required to prepare pickles is expected to restrain the growth of the pickles market.

• Concerns regarding the low shelf life of fermented products hamper the pickles market.

• Introduction of products into the market by major market players creates opportunities for the growth of the pickles market. Rising interest of people to try different cuisines while travelling and increasing inclination towards natural organic foods provides growth opportunities in the market.

Scope of Pickles Market Report

The report on the global pickles market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Pickles Market Segment Insights

Product Types Segment Analysis

Based on product types, the pickles market is segmented into fruits, vegetables, meat & seafood, and others. The fruits segment accounted for a major share of more than 45% of the global pickles market in 2021. Mangoes, olives, pears, grapes, peaches, apples, currants, tomatoes, and plums are some commonly pickled fruits around the world.

The meat & seafood segment is expected to grow, as packed seafood and meat pickles are gaining interest from some countries in Asia Pacific. The vegetables pickle segment is anticipated to expand at a substantial CAGR during the forecast period. Commonly pickled vegetables include olives, chili, carrot, cucumbers, cabbage, bell peppers, green beans, cauliflower, and jalapenos.

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Packaging Segment Analysis

On the basis of packaging, the pickles market is classified into jars, pouches, and others. The jars segment held a key share of the market in 2021 and is projected to dominate the pickles market. Traditionally, packed pickles were preserved in glass jars, as they provide high protection from sunlight and reduce the probability of the material reacting with preservatives and pickle-produced acids.

Over the years, plastic jars gained preference among consumers, as they are convenient to store and carry, are light in weight, and there is no risk of the container breaking if dropped.

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Distribution Channels Segment Analysis

In terms of distribution channels, the pickles market is segmented into supermarkets & hypermarkets, convenience stores, specialty stores, and others. The supermarkets & hypermarkets segment is expected to dominate the pickles market and expand at a rapid pace. Majority of consumers find this distribution channel convenient, as an extensive range of products is offered on a single platform.

Additionally, rapid urbanization and infrastructure development in emerging economies such as China and India resulted in the growing presence of large supermarkets and hypermarkets. These retail stores offer numerous discount coupons and loyalty programs, thereby attracting a large consumer base.

Regional Analysis

On the basis of regions, the pickles market is diversified into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America held a major share of the global pickles market in 2021. The regional market is expected to maintain its lead throughout the forecast period, with increased popularity of pickled cucumber and olives across the US and Canada.

Pickles are often used as an ingredient in burgers, sandwiches, hot dogs, and several street foods. Asia Pacific accounts for a significant share of the global pickles market in terms of revenue. This market is primarily driven by the fact that pickles form a part of daily meals in most households, particularly in India.

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