The global vinegar market reached a value of US$ 1.33 Billion in 2020. Looking forward, IMARC Group expects the market to continuously grow during the forecast period (2021-2026). Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end-use sectors. These insights are included in the report as a major market contributor.
Vinegar refers to an acidic liquid which is produced by the fermentation of ethanol. It is characterized by a sour taste and is rich in vitamin B-1, riboflavin as well as mineral salts. It is widely used as a marinade, preservative and flavor balancer in the food industry. Apple, coconut, malt, cane, lemon and fig are some of the most common flavors of vinegar available in the market. In recent years, there has also been an increase in the demand for gluten-free and organic vinegar products among health-conscious consumers.
A significant rise in the demand for ready-to-eat food products has been witnessed owing to factors such as busy schedules, changing dietary patterns and increasing disposable income levels. As vinegar is used to keep these items fresh and nutritious over longer periods, this trend is strengthening the market growth. Apart from this, since vinegar has antimicrobial and antioxidant properties, it is also utilized in disinfectants, stain removers, antiperspirants, photographic materials, dyes, medicines and hair conditioners. Moreover, wood vinegar is extensively used by farmers for improving seed germination, soil enrichment and root growth stimulation.
IMARC Group provides an analysis of the key trends in each sub-segment of the global vinegar market report, along with forecasts for growth at the global, regional and country-level from 2021-2026. Our report has categorized the market based on region, product type, source, end-use, and distribution channel.
Breakup by Product Type:
Balsamic vinegar represents the most popular product type as it is rich in antioxidants and polyphenols that improve immunity and prevent heart diseases.
Breakup by Source:
The market has been analyzed on the basis of source, covering synthetic and natural segments.
Breakup by End-Use:
On the basis of the end-use, vinegar is mostly used in the institutional sector.
Breakup by Distribution Channel:
Based on the distribution channel, supermarkets and hypermarkets hold the dominant market share, representing the largest segment on account of their increasing popularity, especially in the developing nations.
Breakup by Region:
On the geographical front, Europe holds the leading position in the global market, accounting for around half of the total share.
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:
The global vinegar market size was valued at US$ 1,333 Million in 2020.
According to the estimates by IMARC Group, the global vinegar market is expected to witness a CAGR of 1.61% from 2021 to 2026.
A significant increase in the demand for ready-to-eat (RTE) and processed food products has augmented the usage of vinegar as a food preservative, which represents one of the key drivers for the global vinegar market.
The expanding utilization of vinegar in diverse applications, such as stain removers, photographic materials, antiperspirants, etc., represents one of the key trends in the global vinegar market.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in the shift from offline distribution channels towards e-commerce platforms for the purchase of vinegar.
On the basis of the product type, the market has been divided into balsamic vinegar, red wine vinegar, cider vinegar, rice vinegar, white vinegar, and others. Among these, balsamic vinegar represents the largest market segment.
On the basis of the end-use, the market has been bifurcated into institutional and retail. Currently, the institutional sector holds the majority of total market share.
On the basis of the distribution channel, the market has been divided into supermarkets and hypermarkets, convenience stores, specialty stores, online, and others. At present, supermarkets and hypermarkets exhibits a clear dominance in the market.
Region-wise, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where Europe dominates the global market.
The key companies in the global vinegar market are Acetifici Italiani Modena SRL, Australian Vinegar, Bizen Chemical Co. Ltd., Fleischmann’s Vinegar Company, Inc., Kraft Heinz Company, Mizkan, Shanxi Shuita Vinegar, Castelo Alimentos S / A, Burg Groep BV, and Aspall Cyder.
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