LONDON--(BUSINESS WIRE)--Jun 8, 2018-- analysts forecast the global pickles market to grow at a CAGR of approximately 3% during the period 2018-2022, according to their latest market research report.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180608005698/en/

Technavio has published a new market research report on the global pickles market from 2018-2022. (Graphic: Business Wire)

The growing demand for premium pickles is one of the major trends being witnessed in the . At present, several players are developing new product ideas and launching premium pickles to drive consumer engagement and revolutionize the stagnant pickle market. Players feel that launching premium pickles can revive the pickles market as over the years consumers have started perceiving pickles as old-fashioned and dull due to lack of product innovation.

This report is available at a USD 1,000 discount for a limited time only:

In this report, Technavio analysts highlight new product launches as a key factor contributing to the growth of the global pickles market:

Global pickles market: New product launches

New product development, improved taste, and versatility often accelerate the demand for packaged food products such as packaged pickles. Over the last few years, the global pickles market has witnessed a rise in the number of new product launches. More players are expected to come up with innovative pickle products to broaden their consumer base during the forecast period.

According to a senior analyst at Technavio for research on food, “A major vendor presented several new varieties of pickles such as spicy beetroot and carrot chili. Another key player introduced new flavors of pickle chips that include sweet and spicy pickle chips containing crushed red pepper and sweet brine. Apart from this, they also offer spicy garlic pickle chips, including real garlic and red pepper.”

Global pickles market: Fruit pickle segment leads the market

This market research report segments the global pickles market into the following products (fruit pickle and vegetable pickle), end-users (retail pickles market and foodservice pickles market), and key regions (the Americas, APAC, and EMEA). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.

Of the two major products, the fruit pickle segment held the largest market share in 2017, contributing to nearly 47% of the market. The market share occupied by this segment is expected to decrease by over 1% by 2022. However, this product segment will dominate the global market throughout the forecast period.

The Americas led the global pickles market in 2017. It accounted for a market share of approximately 48%. It was followed by EMEA and APAC respectively. The EMEA region is expected to project the fastest growth during the period 2018-2022.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at .

View source version on businesswire.com:https://www.businesswire.com/news/home/20180608005698/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: RETAIL FOOD/BEVERAGE

SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 06/08/2018 03:00 PM/DISC: 06/08/2018 03:01 PM

http://www.businesswire.com/news/home/20180608005698/en