India, Sept. 23 -- There may be no Indian-kind of delectable pickle in pickleball, a niche sport that combines bits of tennis, badminton and ping pong, but worldwide promoters and sponsors can taste the spicy edge, combined with a bit of sweetness. The reason: A huge surge in popularity of the niche sport, with three "official circuits" only in America. According to a market analysis firm, Global Growth Insights, the global pickleball market is expected to rise by more than three times to nearly $5.5 billion by 2029, which implies a CAGR (Compounded Annual growth Rate) of almost 22 per cent.

As companies, sponsors and investors grow their presence in pickleball, specific product lines have taken off, with equipment giants like Adidas and...