Apple Cider Vinegar Market: Overview, Key Statistics, Reports Analysis & Forecast | FMI-2022-2032
The global apple cider vinegar market is probably to reach US$ 1,082.1 million through 2032, up from US$ 623.four million in 2022 advancing at a CAGR of 5.7% at some point of the forecast period.
The income of
apple cider vinegar are at the surge as they may
be appreciably assisting in
regulating frame pH, decreasing blood sugar and ldl
cholesterol level, helping coronary heart health, curing
sinus infection, and stopping pores and skin irritation. Apple
cider vinegar is one of the kinds of vinegar, and the call
for for the identical is growing as it’s
miles extensively used as an antimicrobial and
flavoring thing withinside the cuisines as a result
of its richness in acetic acid, magnesium, potassium, probiotics and
enzymes.
Apple cider
vinegar additionally helps weight reduction and metabolism,
in turn, boosting the general marketplace increase.
Additionally, the marketplace increase is
likewise supported via way of means
of the excessive antifungal talents of apple cider
vinegar which permits it for
use for cleansing purposes.
Apple Cider Vinegar Market Trends and Market
Drivers
Apple cider vinegar
market is expected to witness sustained growth over the forecast period. Growth
of apple cider vinegar market is driven by its wide applications in the food
& beverage industry. It is considered as one of the essential component in
salad dressing, sauces and soups, and food preservatives.
Other factors
attributable to the high growth includes increase in ageing population, rising
health consciousness, increasing purchasing power, rise in per capita health
expenditure. Presence of natural ingredients in apple cider vinegar coupled
with growing awareness regarding its health benefits contributes significantly
to its volume growth over the forecast period.
Apple Cider Vinegar Market Segmentation
Apple cider vinegar
market can be segmented on the basis of applications, distribution channel, and
by regions. Based on applications, apple cider vinegar is segmented into food
& beverages, pharmaceuticals, personal care, and others. Others include
various household and industrial applications.
Apple cider vinegar,
being a key ingredient in various ethnic and foreign cuisines, is anticipated
to witness relatively high share in the food & beverages segment.
Pharmaceutical segment is expected to expand at relatively high CAGR owing to
the wide use of apple cider vinegar in pharmaceutical segment. It helps in
balancing blood sugar and help in improving diabetes. It is also applied to
soothe sunburn.
Based upon
distribution channel, apple cider vinegar market is segmented into
supermarkets/hypermarkets, drug stores, convenience stores, specialist stores,
and others. Others include independent retailers.
Supermarket/hypermarket
is expected to hold relatively high share in the apple cider vinegar market.
Expansion of retail chain format on global level has contributed significantly
to the growth of supermarket/hypermarket over the forecast period.
Regional Outlook of Apple Cider Vinegar Market
On the basis of
geographical market segment, it is segmented into seven different regions:
North America, Latin America, Eastern Europe, Western Europe, and Asia-Pacific
region, Japan and Middle East and Africa.
In regional segments,
North America is expected to hold relatively high share in terms of market
value. Asia Pacific region is expected to witness relatively high growth in the
apple cider vinegar market owing to the rising health consciousness and
increasing disposable income in the region.
Apple Cider Vinegar Market Key Players
Some of the key
players in the apple cider vinegar market include Barnes Naturals, The Kraft
Heinz Company, Carl Kühne KG, Castelo Alimentos S/A, Old Dutch Mustard Co.,
Inc., Marukan Vinegar USA Inc., and Aspall among others.
Companies in the
apple cider vinegar market are heavily investing in research and development
activities to enhance the functional profile of apple cider vinegar. Companies
also focus upon building efficient supply chain to ensure wide availability of
apple cider vinegar in the market.
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