The new report by Expert Market Research titled, ‘Global Vinegar Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global vinegar market, assessing the market based on its segments like types, sources, distribution channels and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2016-2026)
- Historical Market Size (2020): USD 1.32 billion
- Forecast CAGR (2021-2026): 1.6%
- Forecast Market Size (2026): USD 1.43 billion
Europe is the most important region, accounting for roughly half of the global market. Wine kinds are the most popular vinegar available in Mediterranean countries. It is either consumed directly or added to salads and vegetables in these nations. As a result, these consumption patterns are linked to a stronger emphasis on flavour and quality. Some of the region’s finest products, such as Aceto Balsamico di Modena, are becoming increasingly commercialised. Its consumption and trade have increased significantly. Italy is Europe’s most important market. It is also the country’s largest exporter. When compared to other big exporters such as Germany, Spain, and France, Italy exports about twice as much. Italian varieties likewise have significantly greater export prices than Spanish or German types. While German vinegar is mostly used in the pickling and sauce industries, Spanish exports also contain luxury items similar to Italian exports. One of Spain’s top types, Vinagre de Jerez, is exported.
The two major markets were North America and Asia Pacific, which came in second and third, respectively. Japan and China are the two major countries in Asia Pacific. Rice vinegar is the most popular variety consumed in Asia, however other types, such as those prepared historically, are also consumed.
Industry Definition and Major Segments
Vinegar is an aqueous solution of acetic acid produced by acetic acid bacteria that digest ethanol or carbohydrates. It has been used since around 2000 BC, making it one among the world’s oldest fermented products. It was first used as a preservative because of its antibacterial properties. They’re now used in a variety of industries, including food and beverage, healthcare, and cleaning. There are two types of end-uses for their products: institutional and retail.
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The sources can be divided into the following:
The common types are as follows:
- Red Wine
The distribution channels for the product include the following:
- Specialty Stores
- Convenience Stores
The major regions include:
- North America
- The Asia Pacific
- Latin America
- The Middle East
The global vinegar market is being driven by rising demand and expanding uses in the beverage, healthcare, cleaning, agricultural, and industrial sectors. It’s also utilised as a preservative and flavouring component. Since it is utilised as a health drink, the industry’s growth is aided by a growing understanding of the health benefits. Weight loss, lower cholesterol, and lower blood sugar levels are just a few of the health benefits of apple cider. It has also been proved to be beneficial to diabetics.
The increased demand from emerging economies is driving the worldwide vinegar market. The industry is also being aided by a developing food and beverage sector, rising population, and rising disposable incomes. The sector will continue to expand because it is embedded in many countries’ native cuisines. It’s also increasingly showing up in recipes from newer cuisines. Consumer interest in gourmet cuisine is driving sales of food dressings, many of which contain vinegar. As a result, significant client approval of the product is propelling the sector forward. The market is being propelled forward by the need for inexpensive capital inputs and quick access to raw resources. The industry’s expansion will be aided by the longer shelf life.
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Key Market Players
The major players in the market are Acetum Spa, Fleischmann’s Vinegar Company, Kraft Foods, Ponti SpA., Mizkan America, Inc., Burg Group, Aspall and Others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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