The global Apple cider vinegar market value is estimated to be US$ 684.5 million in 2024. Sales and production of apple cider vinegar are predicted to grow at a moderate CAGR of 5.7% during the forecast period. The global apple cider vinegar industry share is estimated to reach a value of nearly US$ 1,074.7 million by 2034.
Vinegar can be defined as a condiment made from various sugar and starchy materials processed through alcoholic and subsequent acetic fermentation. Apple cider vinegar is one type of vinegar, widely used as an antimicrobial and flavoring component in cuisines. Apple cider vinegar is rich in acetic acid, magnesium, potassium, probiotics, and enzymes.
It helps to regulate body pH, lowers blood sugar and cholesterol level, supports heart health, cure sinus infection, and prevent skin irritation. Apple cider vinegar also supports weight loss and metabolism. Additionally, the high anti-fungal abilities of apple cider vinegar enable it to be used for cleaning purposes. It kills harmful bacteria and prevents the formation of fungi. It is used as a flavoring agent in soups and condiments and salad dressing.
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Rising Health Consciousness and Diverse Culinary Applications Propel Growth of Apple Cider Vinegar Market
The global apple cider vinegar market is poised for sustained growth, driven by its versatile applications in the food and beverage industry. With a prominent role in salad dressings, sauces, soups, and food preservation, apple cider vinegar has become an essential component in culinary creations worldwide.
Market Trends and Drivers:
- Culinary Significance: Apple cider vinegar’s widespread use in various cuisines contributes significantly to its market growth, making it a key ingredient in ethnic and foreign dishes.
- Health and Wellness: Increasing health consciousness, a rise in the aging population, and growing purchasing power are driving the demand for apple cider vinegar. The natural ingredients in apple cider vinegar align with the global trend towards healthier choices.
- Pharmaceutical Applications: The pharmaceutical segment is expected to witness substantial growth due to the use of apple cider vinegar in balancing blood sugar levels and improving conditions like diabetes. Its application to soothe sunburn further boosts its pharmaceutical relevance.
- Distribution Channels: Supermarkets/hypermarkets hold a significant share in the distribution of apple cider vinegar, benefiting from the expansion of retail chain formats globally.
Market Segmentation:
- Applications: Apple cider vinegar finds applications in food and beverages, pharmaceuticals, personal care, and other sectors, contributing to its diverse market presence.
- Distribution Channels: The market is segmented based on distribution channels such as supermarkets/hypermarkets, drug stores, convenience stores, specialist stores, and others.
Regional Outlook:
- North America: The region is expected to dominate the market in terms of market value, driven by a robust culinary culture and increasing health awareness.
- Asia-Pacific: Witnessing high growth, the Asia-Pacific region benefits from rising health consciousness and increasing disposable income.
Key Takeaways:
- The apple cider vinegar market is anticipated to witness sustained growth, driven by its culinary significance and health-related applications.
- Pharmaceutical applications, especially in managing blood sugar levels, contribute to the market’s growth trajectory.
- Supermarkets/hypermarkets play a crucial role in the distribution of apple cider vinegar, leveraging the global expansion of retail chain formats.
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Recent Developments in the Global Apple Cider Vinegar Market
- The first Apple Cider Vinegar (ACV) gummy in the world was introduced by Goli Nutrition. It is completely organic, non-GMO, vegan, kosher, and gluten-free. The substance has a number of advantages, including those for the heart, stomach, skin, weight loss, body purification, and energy levels.
- One of the first independent natural food firms in the USA, Bragg Live Food Products, Inc., owned by Swander Pace Capital, debuted supplements made with Bragg apple cider vinegar. The new supplement from Bragg is the first one to offer the 750 milligrams of acetic acid that have been clinically confirmed to be effective.
Key Players Profiled in the Apple Cider Vinegar Market Report
- Barnes Naturals
- The Kraft Heinz Company
- Carl Kühne KG
- Castelo Alimentos S/A
- Old Dutch Mustard Co., Inc.
- Marukan Vinegar USA Inc.
- Aspall
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