Pickles Market to Reach US$3.08 Billion by 2010, According to New Report by Global Industry Analysts
Global market for pickles is projected to grow moderately over the 2001-2010 period reaching US$3.08 billion by 2010. Amid competition from other food varieties, consumption of pickled foods is sustained by introduction of specialty pickles with new flavors and use as supplements with other foods.
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Pickling has been a constituent of various cultures across the world, a tradition driven by the need to preserve food. A wide range of pickles are currently available in the worldwide market, which incorporate flavors and texture that are unique to every geographical location. Globally, consumers are increasingly using salted and crispy pickles as toppings and supplements for common foods such as hamburgers, hot dogs and sandwiches. As people get more health conscious, demand for pickles with lesser salt content is forecast to rise.
The United States represents the largest market accounting for a share of about 32% of global pickles market (http://www. strategyr. com/Pickles_Market_Report. asp) in 2007, as stated by Global Industry Analysts, Inc. Latin America and Canada are forecast to emerge as the fastest growing markets. Finished cucumber pickles (http://www. strategyr. com/Pickles_Market_Report. asp) constitutes the largest product segment, accounting for an estimated 25% share in 2007. However rising demand for fresh cucumbers has contributed to the slow down in consumption of pickling cucumbers, especially in the United States. Global sales from the segment are projected to reach US$764 million by 2009. Europe represents another major market for pickles. Regional sales are projected to increase at a compounded annual rate of 2.6% over the 2001-2010 period. Germany represents the single largest market in Europe with sales estimated at US$113 million for 2007. Finished relishes market (http://www. strategyr. com/Pickles_Market_Report. asp) in Europe is projected to reach US$142 million by 2010. While in Asia-Pacific, where pickles are of enormous significance, the pickles market is projected to cross US$503 million by 2010.
Although the demand for fermented pickles is on decline, refrigerated pickles are finding favor among consumers. Refrigerated pickles retain their freshness due to the minimal processing associated with these products, as a result of which the pickle remains fresh and crispy. To capitalize on the health-aspect of pickled foods, manufacturers are offering innovative varieties of pickles that are beneficial for human health.
Key players profiled in the report include ADF Foods Ltd, Beit Hashita Assis, H. J. Heinz Company, Kraft Foods, Mt. Olive Pickle Company, Patak Foods, Pinnacle Foods Corporation, Premier Brands Foods Plc, The Global Green Company Ltd., and TreeHouse Foods, Inc.
The report titled "Pickles: A Global Strategic Business Report" published by Global Industry Analysts, Inc., covers major market dynamics, trends, issues, and competition pertaining to the market on a global as well as regional level. The report enumerates recent developments, mergers, acquisitions and other strategic industry activities. Product segments analyzed in the study include Finished Cucumber Pickles, Finished Horseradish Pickles, Finished Sauerkraut Pickles, Finished Relishes, Other Finished Pickles and Unfinished Pickles. Analysis is presented for established and emerging markets including United States, Japan, France, Germany, United Kingdom, Italy, Russia, Asia-Pacific, and Latin America.
For more details of this research report please visit http://www. strategyr. com/Pickles_Market_Report. asp (http://www. strategyr. com/Pickles_Market_Report. asp)
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (http://www. strategyr. com) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
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