Vinegar Market

Global Vinegar Market Outlook 2023-2028:

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.

Vinegar is a pungent, acidic liquid prepared by fermentation of ethanol present in wine, champagne, brew, distilled grain alcohol, and cider. It contains acetic acid, gallic acid, catechin, epicatechin, and caffeic acid, and flavorings like sugar, spices, fruit juices and herb infusions. It is an abundant source of vitamin B-1, potassium, magnesium, calcium, and phosphorus. It assists in weight loss, improves heart health, and increases nutrient absorption on account of its antimicrobial, antioxidant, and anti-diabetic properties. Consequently, it is often used as a preservative and flavor enhancer in sauces, soups, and salad dressings.

Vinegar Market Trends:

The wide utilization of vinegar variants in formulating exfoliants and skin toners represents one of the key factors positively influencing the market. In addition, the increasing use of apple cider vinegar in the pharmaceutical industry to manufacture health supplements is creating a positive outlook for the market. Apart from this, the hectic schedules of individuals are leading to the growing consumption of ready-to-eat (RTE) food products, which, in turn, is driving the sales of vinegar due to its preservative capabilities. The widespread adoption of vinegar in manufacturing disinfectants, antiperspirants, and stain removers is also contributing to the market growth. Furthermore, the rising health awareness among individuals is propelling key market players to introduce organic and gluten-free vinegar variants. This, in confluence with aggressive promotional activities, is creating brand awareness and positively influencing product sales. Additionally, the expansion of organized distribution channels, such as hypermarkets, supermarkets, and departmental stores, along with the burgeoning e-commerce industry, is offering a favorable market outlook. Moreover, increasing investments by leading manufacturers in research and development (R&D) activities to introduce enhanced and premium product variants is impelling the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global vinegar market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type, source, end-use and distribution channel.

Breakup by Product Type:

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

Balsamic vinegar is the most popular product type as it is rich in antioxidants and polyphenols, which help improve immunity and prevent heart diseases.

Breakup by Source:

• Natural
• Synthetic

On the basis of the source, the market has been segmented into natural and synthetic sources.

Breakup by End-Use:

• Institutional
• Retail

Vinegar is majorly used as a preservative in the institutional sector due to its acetic acid content and low pH value.

Breakup by Distribution Channel:

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

Supermarkets and hypermarkets presently hold the largest market share on account of their increasing traction and expansion across the globe.

Breakup by Region:

• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• North America
  • United States
  • Canada
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Colombia
  • Chile
  • Peru
  • Others
• Middle East and Africa
  • Turkey
  • Saudi Arabia
  • Iran
  • United Arab Emirates
  • Others

Europe currently exhibits a clear dominance in the market as there are numerous major vinegar-producing companies in the region.

Competitive Landscape:

The competitive landscape of the market has also been analyzed in the report with the detailed profiles of the key players operating in the market. Some of the 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
   

Report Coverage: