IMARC Group, a leading market research company, has recently releases report titled “Vinegar Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, The study provides a detailed analysis of the industry, including the global vinegar market trends, share, size, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the vinegar market?
Report Attributes | Details |
Market Size in 2022 | US$ 2.3 Billion |
Market Forecast in 2028 | US$ 2.7 Billion |
Growth rate (2023 to 2028) | CAGR of 2.77% |
Base Year of the Analysis | 2022 |
Forecast Period | 2023-2028 |
What is Vinegar?
Vinegar refers to a pungent, acidic liquid prepared by fermenting the ethanol present in wine, cider, champagne, brew, distilled grain alcohol, etc. It is available in several product types, such as balsamic vinegar, rice vinegar, red wine vinegar, white vinegar, etc. These vinegar variants contain acetic acid, catechin, gallic acid, epicatechin, caffeic acid, etc., and are infused with various flavorings, including sugar, spices, fruit juices, and herbs. They are an abundant source of calcium, potassium, vitamin B-1, magnesium, and phosphorus and assist in weight loss, improving heart health, enhancing nutrient absorption, etc. As a result, vinegar solutions find widespread applications across numerous sectors, such as food and beverage (F&B), healthcare, pharmaceutical, cosmetics, agriculture, etc.
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What are the growth prospects and trends in the vinegar industry?
The growing utilization of apple cider vinegar in formulating skin exfoliants and toners and for manufacturing health supplements is primarily driving the vinegar market. In line with this, the growing usage of the product in the F&B segment to manufacture ready-to-eat (RTE) food products, on account of its preservative capabilities, is also positively influencing the market growth. Moreover, the elevating need for vinegar to manufacture disinfectants, stain removers, and antiperspirants and the introduction of organic and gluten-free products are acting as significant growth-inducing factors. Apart from this, the inflating expenditure by leading market players on aggressive promotional activities to create brand awareness and boost product sales is further stimulating the market growth. Additionally, the expanding organized distribution channels, including supermarkets, hypermarkets, and departmental stores and the growing product availability through online retail channels are expected to propel the vinegar market over the forecasted period.
Who are the key players operating in the industry?
The report covers the major market players including:
- Acetifici Italiani Modena S.R.L.
- Australian Vinegar
- Bizen Chemical Co. Ltd.
- Fleischmann’s Vinegar Company, Inc.
- Kraft Heinz Company
- Mizkan
- Shanxi Shuita Vinegar
- Castelo Alimentos S/A
- Burg Groep B.V.
- Aspall Cyder
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Product Type:
- Balsamic Vinegar
- Red Wine Vinegar
- Cider Vinegar
- White Vinegar
- Rice Vinegar
- Others
Breakup by Source:
- Natural
- Synthetic
Breakup by End-Use:
- Institutional
- Retail
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Specialty Stores
- Online
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Turkey, South Africa, Others)
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