19th
March 2019 - The
Global Vinegar Market is subject to witness a substantial growth due to the
favorable government initiatives to promote adoption of organic farming methods
by small-stake holders for higher crop yield. Additionally, robust expansion in
the organic farming in Asia Pacific is predicted to fuel the market demand for
vinegar in the upcoming years.
Globally, the vinegar market is predicted to generate massive revenue
over the forecast period, providing numerous opportunities for market players
to invest in research and development of the vinegar-based derivatives. Vinegar
is produced by fermentation of dilute alcoholic liquid like beer, cider and
others types of beverages. Vinegar majorly consists of acetic acid that
provides sour taste to the product. Vinaigrette, which is made by ambulation of
vinegar and edible oil such as olive oil, soybean oil, cider oil, and walnut
oil, is gaining wide popularity among consumers as a salad dressing ingredient.
Addition of the different types of spices, herbs, and salt along with
vinaigrette to enrich flavor for salad dressings is expected to amplify market
demand for vinegar. Changing food patterns and increasing demand for
convenience food are expected to fuel market growth of the vinegar industry
over the forecast period. Increasing popularity of the on-the-go food and
snacks items like salads and sandwiches is predicted to boost market demand for
the vinegar-derivatives in the upcoming years.
Furthermore, favorable government initiatives to promote adoption of the
organic farming is expected to drive market demand for wood vinegar in the near
future. Implementation of the biodegradable and non-toxic chemicals for farming
is anticipated to foster market growth of organic vinegar-derivatives such as
wood vinegar. Robust growth of the agriculture sector owing to the recent
technological advancement and increasing popularity of the organic farming are
projected to amplify the growth of vinegar market in the upcoming years.
Large-scale acceptance from consumers, particularly in the North America is
estimated to drive market growth. Increase in the production of vinegar and
abundant resources of wood vinegar in Asia Pacific are expected to offer
lucrative growth opportunities for market players in the region.
Additionally, rising awareness associated with health benefits of vinegar
among general population and lower cost are propelling market expansion in the
recent years. The vinegar market is broadly categorized into multiple types
based on products types such as grape must vinegar, apple cider vinegar, white
wine vinegar, wood vinegar, red wine vinegar, malt vinegar and others. The wood
vinegar is considered as one of the fastest growing segment in the vinegar market
with substantial revenue generation in the last couple of years.
Growing popularity of the wood vinegar market segment is attributed to
increasing demand from Asia Pacific region and economic viability of wood
vinegar during its production. The balsamic vinegar or grape must vinegar has
witnessed massive growth, in the last few years, owing to the availability of
wide variety of product variant, and increasing demand form North America and
European region.
The market is divided by region as North America, Europe, Asia-Pacific,
Latin America and Africa. European region has shown major growth in recent
years owing to the rise in the implementation of latest techniques for
manufacturing vinegar, rapid shift in consumer preference towards convenient healthy
food products, and presence of vast consumer base in the region. Asia-Pacific
region is predicted to hold major market share in the vinegar market with
massive growth in forecast period.
Countries such as India, China, Malaysia, Indonesia, Japan and Singapore
are leading the Asia-Pacific market with increasing consummation of
vinegar-based products, rising per capita income and significant investment by
leading industry players considering potential growth opportunities in the
region.
The key players in the vinegar market are Borges Branded Foods S.L.U.,
Fleischmann's Vinegar Company, Inc., The Kraft Heinz Company, Mizkan Group,
Inc., Annie's Homegrown, Inc., Wood Vinegar Australia Co., Sort of Coal Resense
ApS, VerdiLife LLC, Taiko Pharmaceutical Ltd., Nettenergy B.V., and Applied
Gaia Co.
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