HomeFood & DrinkVinegar Market to Hit US$ 2.7 Billion by 2028: IMARC Group

Vinegar Market to Hit US$ 2.7 Billion by 2028: IMARC Group

IMARC Group, a leading market research company, has recently released a 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 share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

How Big is the Vinegar Market?

The global vinegar market size reached US$ 2.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.7 Billion by 2028, exhibiting a growth rate (CAGR) of 2.77% during 2023-2028.

What is Vinegar?

Vinegar is a liquid substance primarily composed of acetic acid and water, produced through the fermentation of ethanol by acetic acid bacteria. The term “vinegar” is derived from the French word “vin aigre,” which translates to “sour wine,” indicative of one of its earliest forms. It has a long history, dating back to ancient civilizations, where it was used for its preservative, medicinal, and culinary properties. The production process of vinegar involves two key stages: first, the fermentation of sugars to ethanol, often through the action of yeasts, and second, the oxidation of ethanol to acetic acid by acetic acid bacteria. Different types of vinegar are produced based on the original fermented substance, which includes various fruits, grains, and even synthetic ethanol. Vinegar comes in multiple varieties, such as apple cider, balsamic, white, and malt, among others. Each type has its unique flavor profile, acidity level, and usage. In the culinary world, vinegar is used for pickling, as a condiment, and as an ingredient in various recipes, including salad dressings and marinades. Its acidity makes it an excellent natural preservative, capable of inhibiting the growth of harmful bacteria in food.

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What are the Growth Prospects and Trends in the Vinegar Industry?

The increasing consumer awareness about the health benefits associated with vinegar consumption represents one of the key factors driving the growth of the market across the globe. Various research suggests that vinegar aid in digestion, improves insulin sensitivity, and possess anti-microbial properties. This is leading to a rise in demand, particularly for organic and unfiltered types like apple cider vinegar. Vinegar is an indispensable component in many cuisines worldwide, used in everything from salad dressings to marinades. The rising popularity of global cuisines, particularly in developed markets, is leading to an increased demand for different types of vinegar. The growing trend of clean-label and natural products also positively impacts the market. In line with this, the increasing health consciousness and awareness of the ingredients in their food among consumers is growing demand for natural preservatives like vinegar. Vinegar’s preservative properties make it an appealing choice for both consumers and food producers focusing on natural, additive-free products. The rise of the specialty and gourmet food sector is acting as a major growth-inducing factor. Specialty vinegar like balsamic and rice vinegar often command higher prices and are increasingly being sought after by consumers looking for unique and high-quality ingredients. The expansion of the retail sector, including online platforms, is also crucial in driving sales. The wide availability and variety of vinegar products in supermarkets, grocery stores, and e-commerce platforms make it easier for consumers to access and purchase these products. Sustainability is becoming an increasingly significant factor, particularly concerning packaging and production methods. Biodegradable and recyclable packaging options, as well as sustainable farming practices for raw materials, can provide a competitive edge in the market. On the industrial side, vinegar’s utility as a cleaning agent and its role in agriculture as an herbicide are emerging areas that may contribute to market growth. The versatility of vinegar extends its applicability beyond food, which is opening new avenues for the market expansion.

Who are the Key Players Operating in the Vinegar Market?

The competitive landscape of the global vinegar market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

  • 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 global vinegar market on the basis of type, source, end-user, distribution channel and region.

Breakup by Product Type:

  • Balsamic Vinegar
  • Red Wine Vinegar
  • Cider Vinegar
  • White Vinegar
  • Rice Vinegar

Breakup by Source:

  • Natural
  • Synthetic

Breakup by End Use:

  • Institutional
  • Retail

Breakup by Distribution Channel:

  • Supermarkets and Hypermarkets
  • Convenience Stores
  • Specialty Stores
  • Online
  • Others

Regional Analysis:

  • Asia Pacific
  • North America
  • Europe
  • Latin America
  • Middle East and Africa

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Key Highlights of the Report:

  • Market Performance (2017-2022)
  • Market Outlook (2023-2028)
  • Industry Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us:                           

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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