August 16, 2022
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Food & Beverages

Asia-Pacific Vinegar Market Size Projected to Reach $1,320 Million by 2026

Asia-pacific Vinegar Market size is projected to reach $1,320 million by 2026, growing at a CAGR of 3.5% over the period 2021-2026. Vinegar is created by fermenting substances that include sugar and are available as a sour liquid. It is used as preservatives that provides acidic notes to foods. There are various types of vinegar where balsamic vinegar are considered as the popular types of vinegar for food. Coconut vinegar also used in various types of cuisine for its souring agent and a flavour -enhancer. Increasing use of vinegar in various food application and rising demand of ready-to-eat food products among consumers is the major factor driving the growth of Asia Pacific Vinegar market. Furthermore, growing development in food and beverage industry and rising research and development activities is set to further enhance the overall market demand for Asia-pacific Vinegar Market for the period 2021-2026.

Key Takeaways

  • In 2020, Japan dominated the Asia Pacific Vinegar Market owing to Growing demand of vinegar among consumers that increases the production and exports of vinegar which in turn driving the growth of  Asia-pacific Vinegar market.
  • Furthermore, increasing usage of vinegar in various food application and rising demand of ready-to-eat food products among consumers are enhancing the growth of the Asia-pacific Vinegar Market.
  • Detailed analysis of the Strength, Weakness, and Opportunities of the prominent manufacturers operating in the market will be provided in the Asia-pacific Vinegar Market report.
  • Limited manufacturers for the production of vinegar are set to restrain the growth for the Asia-pacific Vinegar Market.

Asia-pacific Vinegar Market Size, By Distribution Channel 2020-2026 (USD Million)

Asia-pacific Vinegar Market Size, By Distribution Channel

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Asia-pacific Vinegar Segment Analysis – By Type

Based on Type Asia-pacific Vinegar Market can be further segmented into Balsamic Vinegar, Apple Cider Vinegar, Red Wine Vinegar, Rice Vinegar, and Others. The Balsamic Vinegar segment hold the major share in 2020. This is mainly owing to its effective treatment in heart disease as it contains antioxidants and polyphenols that also helps to boost immunity which increases the demand of balsamic vinegar among Consumers. The Red Wine Vinegar segment is estimated to register the fastest CAGR of 4.1% for the period 2021-2026. This is mainly owing to the fact that it helps in reducing blood sugar levels, blood pressure and cholesterol that increases the believe among consumers for the adoption of red wine vinegar that are boosting the growth of Asia-pacific Vinegar market.

Asia-pacific Vinegar Segment Analysis – By Distribution Channel

Based on Distribution Channel, Asia-pacific Vinegar Market can be further segmented into Supermarkets/Hypermarkets, Convenience Stores, Online Retail Stores, and Others. The Supermarkets/Hypermarkets segment recorded for the highest Asia-pacific Vinegar market share in 2020. Supermarkets are more favored by consumers owing to availability of various different products of multiple brands and also discounts available on them. The Online Retail segment is forecasted to register the fastest CAGR of 5.3% over 2021-2026. This mainly owing to rising availability of organic vinegar in online retails increases the demand of vinegar among consumers that are driving the growth of Asia-pacific Vinegar market.

Asia-pacific Vinegar Segment Analysis – By Geography

Japan dominated the Asia-pacific Vinegar Market with major share of 39.7% in 2020. This is owing to rising the demand of vinegar among consumers, thereby increasing the production and exports of vinegar which in turn driving the growth of Asia-pacific Vinegar market. According to Food and Agricultural Organization (FAO), in 2020 about 15,092 tonnes of vinegar are exported by japan that increases the consumption of vinegar among people and are boosting the growth of Asia-pacific Vinegar market.

However, China is estimated to be the significant growing market during the forecast period 2021-2026 owing to rising popularity of vinegar products among consumers. Moreover, rising health benefits of vinegar increases the production of vinegar and are driving the growth of Asia-pacific Vinegar market.

Asia-pacific Vinegar Market Drivers 

  • Increasing Usage of Vinegar in Various Food Application

Rising usage of variety of vinegar such as balsamic vinegar, coconut vinegar in various food application increases the demand of vinegar and is a major factor for increasing the growth of this market. Moreover, rising health benefits of vinegar increases the usage of vinegar in various food application such as pickling, wine and many others which in turn boosting the growth of the Asia-pacific Vinegar Market over 2021-2026.

  • Rising Demand of Ready-to-Eat Food Products

Changing lifestyle and busy schedule among people increases the demand of ready-to-eat products that are driving the growth of this market. Moreover, vinegar helps to keep items fresh for a longer time as it contains acetic acid bacteria that rising the demand for vinegar among consumers and is driving the growth of Asia-pacific Vinegar Market over 2021-2026.

  • Covid-19 Impact: 

COVID-19 pandemic had greatly affected the growth of Asia-pacific Vinegar Market. During pandemic, people are looking for disinfectants products such as vinegar that helps to increase their immunity which increases the production of vinegar and are positively impacted the growth of Asia-pacific Vinegar market.

Asia-pacific Vinegar Market Challenges  

  • Limited Manufacturer for the Production of Vinegar

The factors that are set to impede the growth of the Asia-pacific Vinegar Market are the rising regulatory approval of vinegar that decreases the production and limits the number of manufacturer which are set to create hurdles for the Asia-pacific Vinegar Market.

Asia-pacific Vinegar Market Landscape

Product launches, acquisitions, collaboration, joint ventures, and geographical expansions are key strategies adopted by players in the Asia-pacific Vinegar Market. Asia-pacific Vinegar top 10 companies are St.Botanica, HPMC, The Kraft Heinz Company, Borges International Group S.L. Australian Vinegar, Shanxi Shuita Vinegar, Carl Kuhne KG, Mizkan Holdings Co. Ltd. Fleischmann’s Vinegar Company, and Aspall Cyder.

Developments

  • In November 2020, Australian olive oil brand Squeaky Gate expanded its vinegar business by extending its original core range of extra virgin olive oil.


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