Pickles and Pickle Products Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Pickles and Pickle Products Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The global pickles and pickle products market was valued at USD 12,651.1 million in 2020, and it is projected to register a CAGR of 3.36% during the forecast period, (2021-2026)

The COVID-19 pandemic led to surging demand for organic and sustainable foods across the globe, with kimchi gaining significant demand, especially after the outbreak of COVID-19. In May 2020, the sales of kimchi in Tokyo supermarkets increased by 60.8% over the same period last year, driven by the at-home meal consumption that fostered the need for the product. Furthermore, players like Nilon escalated their online presence with campaigns like #AchaarWithVichaar in 2020 to position the product among consumers, which reached the screens of over 13 million Indian consumers.

Pickles and pickled products vary as per local taste and preferences. Thus, many international and regional players are succeeding in this market by catering to the personalized needs of the citizens of a country. Large varieties, flavors, and major ingredients make this a huge market.

However, price variation of raw materials and ingredients added to the preparation of pickles isamong the restraints. Therefore, in developing countries, like India, people prefer homemade pickles or pickles prepared by the unorganized pickle industry, as it includes pure ingredients and can be customized on the basis of ingredients and packaging.

Key Market TrendsIncreased Preference for Organic and Flavored Pickles

Globally, the market is largely influenced by factors, such as health benefits, taste enhancement, and the demand for pickles as a complementary product along with the main course of food. Furthermore, there has been a significant increase in the demand for natural/organic food products, including pickles, among consumers in recent years as they are becoming more aware of the adverse health effects associated with the consumption of various synthetic or artificial food ingredients that are used in non-complying quantities in food products, as per the government standards. In addition, food products made out of ingredients, vegetables, and fruits are perceived to be healthy, as they contain more nutrients compared to other products that are made of meat, seafood, etc. Pickles are fat-free and low in calories, an average size dill contains only 15 calories, and an ounce of pickled pepper provides only 7 calories. The natural and organic claim products are soaring globally, and the concept has been invading other markets as well, thus driving the market studied further. Additionally, increased consumer demand for nutritious products and the rising clean-label claims on products accelerated the market growth in the global market too.

Asia Pacific Remains the Largest Market

Asia-Pacific continues to lead the pickles and pickle products market, owing to its increased commercialization and industrialization of the pickle processing industry in developing countries like India. Additionally, the pickles market is expected to touch the highest CAGR of 5.41% (India) during the predicted period, due to the accessibility of seasonal foods as pickles throughout the year. Moreover, the use of various pickled vegetables, fruits, seafood, and meat in the form of a meal accompaniment is projected to pave the way for the mushrooming growth of the pickles market in the Asia-Pacific region.

Competitive Landscape

The market studied is highly competitive, with a large number of regional, small-medium-scale players and key global players operating in the market studied. The market is dominated by key players, like Conagra Brands Inc., Del Monte Foods Inc., The Kraft Heinz Company, and Orkla ASA, with The Kraft Heinz Company leading the global market share. Product innovation is the prime strategy adopted by leading players operating in the market. The market is poised to witness more innovations over the coming years. Furthermore, the industry may witness mergers and acquisitions. New product innovations are the key strategies adopted by these players. In order to sustain in the competitive environment prevailing in the pickle industry, business activities and constant developments are necessary to capture a greater market cap.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned

Conagra Brands Inc.​
ADF Foods Limited
The Kraft Heinz Company 
Reitzel SA ​
Desai Foods Private limited 
Del Monte Foods Inc.
G.D. Foods Mfg. (India) Pvt Ltd
Sims Foods Inc (Wickles Pickles) ​
Mt. Olive Pickle Company
Nilon’s Enterprises Private Limited ​
Orkla ASA
Angel Camacho Aimentacion

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