Report ID: SQSG30I2056
Report ID:
SQSG30I2056 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
120 |
Figures:
67
Globally, North America held the largest market share in packed pickles market, with aa significant market share in 2021 and is anticipated to maintain its dominance throughout the forecast period owing to increased popularity of pickles in countries like United Stares and Canada coupled with the growing awareness regarding benefits of pickles among consumers. Furthermore, the presence of major market players like Del Monte Food Inc., and The Kraft Heinz Co. and increasing innovation to introduce new and more attractive flavours is also expected to contribute to the growth of the market in the region.
Furthermore, Asia Pacific region is also expecting a significant growth over the forecast period due to the high demand for pickles, as it is a part of daily meals in most of the households, particularly in India, and introduction to several new flavours with very attractive taste. In addition, increased disposable income of consumers and increasing spending by key players to promote their products are also projected to fuel the demand for the packed pickles in the region. For instance, Nilon Enterprise, has escalated their online presence with several types of campaigns and advertisements such as AchaarWithVichaar to create product image in the consumers mind, and this campaign have reached around 13 million Indian consumer screens.
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REQUEST FREE CUSTOMIZATIONPacked Pickles Market was valued at USD 8.84 billion in 2019 and it is expected to reach a value of USD 11.48 billion by 2031, at a CAGR of 3.8% over the forecast period (2024-2031).
Packed Pickles Market is highly competitive with the presence of many regional, medium-sized and large players operating around the globe. However, the market is dominated by top 5 market players including Del Monte Foods Inc., The Kraft Heinz Company, and Conagra Brands Inc. Various market players are implementing on several business strategies such as new product launches, acquisition, collaboration, and technological advancement for strengthen their market position and expanding product portfolio. 'The Kraft Heinz Co. (US)', 'Del Monte Food Inc. (US)', 'Mitoku Co. Ltd (Japan)', 'ADF Foods Ltd (India)', 'Pinnacle Foods Inc. (US)', 'Hugo Reitzel (Switzerland)', 'Conagra Brands Inc. (US)', 'Nilons Enterprise Pvt Ltd (India)', 'Mt Olive Pickles (US)', 'Peter Piper’s Pickle Palace Inc. (US)'
Increasing consumption of pickles by several food chains including McDonald’s and Burger King coupled with the rise in consumption in households as a daily meal in countries like India and China are the major factors expected to drive the packed pickles market throughout the forecast period. Countries like India and China have very large population, which requires pickles in their daily meals as they quite like the taste and aware about the benefits of that. Therefore, the demand for pickles are likely to have a boom in the coming years.
Increasing preference for organic and flavored pickles across the globe due to the rising health awareness and benefits of organic pickles is creating huge demand and expected to boost the packed pickles market in the next few years. Consumers are extensively shifting towards the best products for their health, thereby the demand for organic products are highly in trend. To fulfill the consumer need, SIMFED and Qseal Agritech Pvt Ltd. have announced a collaboration. The main aim behind this collaboration is to create highly influenced organic products and provide a better experience to the consumers of packed pickles.
Globally, North America held the largest market share in packed pickles market, with aa significant market share in 2021 and is anticipated to maintain its dominance throughout the forecast period owing to increased popularity of pickles in countries like United Stares and Canada coupled with the growing awareness regarding benefits of pickles among consumers. Furthermore, the presence of major market players like Del Monte Food Inc., and The Kraft Heinz Co. and increasing innovation to introduce new and more attractive flavours is also expected to contribute to the growth of the market in the region.
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Report ID: SQSG30I2056