"Market Intelligence that Adds Flavour to Your Success"
Region : Global | Published Date: Upcoming | Report ID: FBI100577| Status : Upcoming
Vinegar has remained a crucial part of cooking since several years, owing to its significant contribution in enhancing the flavour of food and hence making it more desirable. Availability of a number of vinegar flavours such as Apple, Raspberry, Lemon, Herbs, and others is encouraging food and beverage producer to take the product into account, in order to create exotic flavors and taste in food items. Along with, taste enhancement several health benefits offered by vinegar is a crucial reason for its wide adaptation. Furthermore, the multifunctional properties of vinegar make it suitable for a range of applications, including food & beverages, pharmaceuticals, and others.
Several key market players operating in vinegar market are strengthening their distribution network by collaborating with small retailers and focusing on new and exotic product launches to maintain their prominence in the market. Australian Vinegar, Acetifici Italiani, Bizen chemical, and Kraft Heinz are some of the key companies that hold the major market share in the global vinegar market.
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Vinegar is a fermented acidic liquid that can be prepared by using ethanol containing ingredients, such as beer, wine, distilled grain alcohol, cider, champagne, and others. Various bacteria culture is used in the preparation of vinegar, later heat-treatment is given to pasteurized vinegar to kill the mother culture. To induce tart and sour flavors in food and to balance flavours in several food products vinegar is widely used. The shelf-life of vinegar is significantly high and is resistance to early spoilage due to its highly acidic nature.
Multi-functional properties of vinegar and several health benefits associated with the consumption of vinegar is expected to contribute significantly in the growth of vinegar market during the forecast period. Presence of bioactive components in vinegar contributes in making it an ideal antioxidant, along with potential anti-microbial, and anti-diabetic properties. Furthermore, tremendous cleansing properties of vinegar, coupled with presence of mineral salts and riboflavin is aiding the growth of vinegar as a functional food ingredient.
Major restraining factor for the growth of global vinegar market is significant growth in number of health conscious population that has led to changing food preferences and increased adoption of organic and natural food.
Some of the major companies that are present in the global vinegar market include Australian Vinegar, Kraft Heinz Company, Acetum, Bizen Chemical, Shanxi Shuita Vinegar, Acetifici Italiani Modena, Mizkan, Burg Groep, Carbonell, Charbonneaux Brabant, and Eden Foods.
· Red Wine Vinegar
· Balsamic Vinegar
· Cider Vinegar
· Rice Vinegar
· White Distilled Vinegar
· Food & Beverage
By Distribution Channel
· Online Channels
· Specialty Stores
· North America (U.S. Canada, and Mexico)
· Europe (UK, Germany, France, Italy, Spain, and Rest of Europe)
· Asia Pacific (Japan, China, India, Australia, and Rest of Asia Pacific)
· Latin America (Brazil, Argentina, and Rest of South America)
· Middle East & Africa (South Africa, UAE, and Rest of Middle East & Africa)
Balsamic vinegar accounted for the major market share in 2016, and the segment is anticipated to continue expanding at a significant pace during the forecast period owing to numerous health benefits offered by the product. Balsamic vinegar produced by using grapes contains polyphenols and has antioxidant properties that can help in enhancing immunity and preventing several diseases, such as diabetes, cardiovascular diseases, and others, and hence leading to its wider adoption among consumers.
Hypermarkets/Supermarkets are projected to be the leading segment over the forecast period, responsible for the distribution of vinegar across developed as well as developing regions. High consumer dependency on hypermarkets/ supermarkets for the purchase of daily needs and grocery products is expected to positively influence the segment’s growth. Furthermore, rise in number of new vinegar products and availability of a wide range of options at hyperstores/superstores, will boost the growth of the segment in the upcoming years.
At present, Europe is dominating the global vinegar market and is expected to maintain its dominance during the forecast period, owing to presence of major vinegar producing countries in Europe, such as Italy, Germany, France, and Spain. Major vinegar exports are carried out from Europe and hence the region is expected to account for the major revenue share during the forecast period. High production of balsamic vinegar in Italy, which is highly in demand due to its health benefiting properties is further projected to escalate the growth of European vinegar market.