Global Pickles and Pickle Products Market - Growth, Trends and Forecasts (2017 - 2022)

Published - Jan 2017 | Category - Food & Beverages | No. of Pages - 174 | Published By - Mordor Intelligence

Report Highlights

The global pickles and pickle products market valued at USD 10.80 billion in 2016 is expected to reach USD 12.57 billion by 2021 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.

Global Pickles and Pickle Products Market Dynamics

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.

Global Pickles and Pickle Products Market Segmentation

The market can be broadly classified into four major segments, viz., product, taste, distribution channels and geography. On the basis of product types, the market can be segmented into fruits, vegetables, meat, seafood, relish etc. 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. It is followed by Europe (XX%), Asia-Pacific (XX%), South America (XX%) and Africa (XX%). 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. In the Asia-Pacific region, China and India are the largest markets for pickle and pickle products due to their large population and consumption.

Key Players in the Global Pickles and Pickle Products Market

There is a moderate level of competition in the global market as the industry is very scattered. Pickles by regional players using local products are preferred in the market. It is relatively easy for new entrants due to the trend of customer shifting from one brand to another. The top ten global players control more than 30% of the market. New product launches, innovative flavors, mergers and acquisitions with local players are strong business strategies for market growth.   The major players in this market are:

ADF Foods

Del Monte Foods

Mt. Olive Pickle Company

Kraft Heinz

Key Deliverables in the Study

Market analysis for the global pickles and pickle products market, with region specific assessments and competition analysis on a global and regional scale.

Market definition along with the identification of key drivers and restraints.

Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale.

Extensively researched competitive landscape section with profiles of major companies along with their market share.

Identification and analysis of the macro and micro factors at both global and regional levels.

A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.

A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.

Insights into major countries/regions where this industry is growing and identifying the regions which are still untapped.

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