Global Vinegar Market Size, Trends, and Growth Opportunity, By Type (Balsamic Vinegar, Red Wine Vinegar, White Vinegar, Cider Vinegar, Rice Vinegar, and Other Types), By Source (Organic and Conventional), By Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Online Retail Channels and Other distribution channels), By Regional and Forecast to 2030.
Report ID : IR1002034 | Industries : Food and Beverage | Published On :June 2024 | Page Count : 212
Global Vinegar Market Size, Trends, and Growth Opportunity, By Type (Balsamic Vinegar, Red Wine Vinegar, White Vinegar, Cider Vinegar, Rice Vinegar, and Other Types), By Source (Organic and Conventional), By Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Online Retail Channels and Other distribution channels), By Regional and Forecast to 2030
Global Vinegar Market
The Global Vinegar Market was valued at USD 1.36 billion in 2022 and is expected to reach USD 1.68 billion by 2030, at a CAGR 2.4% during the forecast period 2023- 2030.
By foaming acetic acid-containing diluted alcoholic liquids like beer, cider, or typically wine, vinegar is a soured-tasting liquid that can be created. It can be condiments or pickled. Because vinegar is an aqueous solution of acetic acid, it may have a flavor. By volume, it contains 5% to 8% acetic acid. There are many different types of vinegar. As a culinary ingredient, vinegar is most frequently used in salad dressings, pickles, and acidic dishes. Many different flavors of vinegar are available, including fruit, palm, balsamic, cane grains, and spirits. Moreover, it's an ingredient in sauces including ketchup, mustard, hot sauce, and mayonnaise.
Market Drivers
Competencies in research and development are one of the major factors propelling market growth. Increasing investment in R&D, particularly in developed and developing economies, will open up more fruitful chances for market expansion. The market growth rate is also being boosted by research and development efforts being made to examine how vinegar affects the immune system and how that affects health.
Furthermore, vinegar's multifunctional qualities and many health benefits connected with its consumption are expected to increase the demand which is anticipated to drive market growth in the coming years
Market Restraints
Stringent Norms, Regulations, and Standards are estimated to hinder market growth during the forecast period. The government's imposition of strict rules on a variety of industrial applications related to industrial activities will further slow the market's rate of expansion.
The absence of norms for standardization, a lack of knowledge about the advantages in developing nations, and changes in the demand-supply spectra as a result of tighter regulations in the Asia-Pacific area would make the market scenario even worse.
COVID-19 Impact
The COVID-19 pandemic epidemic had a favorable effect on the market for vinegar. During the COVID-19 pandemic, there has been an increase in demand for vinegar because many people think that it will assist to strengthen their immunity and protect them against COVID-19. As a result, during the initial stages of the lockdown, there was a large increase in demand for apple cider vinegar.
Manufacturers have a chance to increase their market share and continuously offer clients the goods. The apple cider vinegar market has benefited from COVID-19, which is anticipated to accelerate market expansion over the forecast period.
Market Segmentation
The global Vinegar Market is divided into Type, Source, and Distribution Channels.
Based on Type market is divided into Balsamic Vinegar, Red Wine Vinegar, White Vinegar, Cider Vinegar, Rice Vinegar, and Other Types
Based on the Source market is segmented into Organic and Conventional
Based on Distribution Channel market is divided into Supermarkets and Hypermarkets, Convenience Stores, Online Retail Channels, and Other distribution channels
Regional Analysis
The global Vinegar Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Europe is estimated to hold the largest market share. The culinary heritage of Europe heavily incorporates vinegar. Italian forefathers specifically made use of all of the benefits of this plant as a meal, drink, fragrance, disinfectant, and sanitizer, and they also created balsamic vinegar. The largest consumption and export market for vinegar in Europe is Italy. The nation is also the world's top exporter. When compared to other major exporters like Germany, Spain, and France, Italy exports approximately twice as much. Italian types have significantly higher export values than Spanish or German kinds. Italy was the world's top vinegar exporter in 2020, according to the OECD, with exports totaling USD 331 million. Vinegar ranked 276 on Italy's list of top exports in the same year.
Key Development
In March 2022, the direct-to-consumer brand Zeal, with headquarters in California, debuted limited-edition slow-fermented vinegar that it claims is made from wild spring ramps responsibly collected on a 225-acre nature preserve in Virginia.
In July 2022, Ajinomoto Vietnam unveiled Vtox, a new beverage. It is created from organically fermented rice vinegar, fruit extract, and honey. There are two flavors of the beverage available: Grape and lychee
Key Players
Various key players are discussed in the Global Vinegar Market Report including: The Kraft Heinz Company, Acetum, DE NIGRIS, Castelo Alimentos S/A, and Bragg Live Food Products Inc.
Market Taxonomy
By Type
• Balsamic Vinegar
• Red Wine Vinegar
• White Vinegar
• Cider Vinegar
• Rice Vinegar
• Other Types
By Source
• Organic
• Conventional
By Distribution Channel
• Supermarkets and Hypermarkets
• Convenience Stores
• Online Retail Channels
• Other distribution channels
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
Global Vinegar Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Vinegar Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing economic downturn
4.2.6 Post covid-19 world Supply & Demand conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Vinegar Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Vinegar Market Share Analysis, By Type
5.3 Global Vinegar Market Size and Forecast, By Type
5.3.1. Balsamic Vinegar
5.3.2. Red Wine Vinegar
5.3.3. White Vinegar
5.3.4. Cider Vinegar
5.3.5. Rice Vinegar
5.3.6. Other Types
6 Global Vinegar Market, By Source
6.1 Y-o-Y Growth Comparison, By Source
6.2 Global Vinegar Market Share Analysis, By Source
6.3 Global Vinegar Market Size and Forecast, By Source
6.3.1 Organic
6.3.2. Conventional
7 Global Vinegar Market, By Distribution Channel
7.1 Y-o-Y Growth Comparison, By Distribution Channel
7.2 Global Vinegar Market Share Analysis, By Distribution Channel
7.3 Global Vinegar Market Size and Forecast, By Distribution Channel
7.3.1. Supermarkets and Hypermarkets
7.3.2. Convenience Stores
7.3.3. Online Retail Channels
7.3.4. Other distribution channels
8 Global Vinegar Market, By Region
8.1 Global Vinegar Market Share Analysis, By Region
8.2 Global Vinegar Market Size and Forecast, By Region
9 North America Vinegar Market Analysis and Forecast (2023-2030)
9.1 Introduction
9.2 North America Vinegar Market Share Analysis, By Type
9.3 North America Vinegar Market Size and Forecast, By Source
9.4 North America Vinegar Market Size and Forecast, By Distribution Channel
9.5 North America Vinegar Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe Vinegar Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 Europe Vinegar Market Share Analysis, By Type
10.3 Europe Vinegar Market Size and Forecast, By Source
10.4 Europe Vinegar Market Size and Forecast, By Distribution Channel
10.5 Europe Vinegar Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.5.4. Rest of Europe
11 Asia Pacific Vinegar Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Asia Pacific Vinegar Market Share Analysis, By Type
11.3 Asia Pacific Vinegar Market Size and Forecast, By Source
11.4 Asia Pacific Vinegar Market Size and Forecast, By Distribution Channel
11.5 Asia Pacific Vinegar Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12 Latin America Vinegar Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Latin America Vinegar Market Share Analysis, By Type
12.3 Latin America Vinegar Market Size and Forecast, By Source
12.4 Latin America Vinegar Market Size and Forecast, By Distribution Channel
12.5 Latin America Vinegar Market Size and Forecast, Country
12.5.1. Brazil
12.5.2. Rest of Latin America
13 Middle East Vinegar Market Analysis and Forecast (2023-2030)
13.1 Introduction
13.2 Middle East Vinegar Market Share Analysis, By Type
13.3 Middle East Vinegar Market Size and Forecast, By Source
13.4 Middle East Vinegar Market Size and Forecast, By Distribution Channel
13.5 Middle East Vinegar Market Size and Forecast, By Country
13.6.1. Saudi Arabia
13.5.2. UAE
13.5.3. Egypt
13.5.4. Kuwait
13.5.5. South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15Company Profiles
15.1 The Kraft Heinz Company
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2. Acetum
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 DE NIGRIS
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Castelo Alimentos S/A
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Bragg Live Food Products Inc.
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies