The ‘Global Wine Vinegar Market Report and Forecast 2022-2027’ by Expert Market Research gives an extensive outlook of the global wine vinegar market, assessing the market on the basis of its segments like types, distribution channels, and major regions.
The key highlights of the report include:
Market Overview (2017-2027)
• Forecast CAGR (2022-2027): 6.2%
|Growth Rate CAGR||6.2%|
|Major Players||Roland Foods, LLC, Pompeian, Inc., Spectrum Organic Products, LLC, De Nigris Group, and Rex Wine Vinegar Company, among others.|
Wine vinegar is used to prepare a number of food items such as salads, marinades, beef, and pork, among others. This type of vinegar is a popular choice in the preparation of healthy meals such as stone fruit panzanella salad, and artichoke oregano antipasti, among others. Wine vinegar is also gaining traction in the preparation of condiments and as a salad vinaigrette.
Increasing awareness pertaining to the health benefits offered by red wine vinegar is further propelling the wine vinegar market. Red wine vinegar helps in controlling blood sugar, prevents skin infections, facilitates weight loss, and improves the heat health. Meanwhile white wine vinegar is also gaining traction owing to its versatility. It can be used as a household cleaner, deodoriser, and sanitiser for refrigerators, and as an ingredient in condiments. Other applications of white wine vinegar include disinfecting vegetables, cleaning coffee filters, removing stickers from a surface, and cleaning ears of pets.
Over the forecast period, the thriving food service industry is anticipated to generate high demand for wine vinegar to improve the texture of salad dressings and sauces.
Wine Vinegar Industry Definition and Major Segments
Wine vinegar is defined as a type of vinegar which is obtained from wine. The acidity in wine vinegars is lower as compared to simple vinegars and they are widely utilised in the food and beverage industry. Wine vinegar is often utilised in various cuisines which is a driving factor of the wine vinegar market.
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On the basis of type, the market can be segmented into:
• Red Wine Vinegar
• White Wine Vinegar
By distribution channel, the market has been classified into:
• Supermarkets and Hypermarkets
• Specialty Stores
On the basis of region, the market can be categorised into:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Wine Vinegar Market Trends
The key trends in the wine vinegar market include the increasing transition towards organic foods owing to the changing lifestyles of consumers. Additionally, the flourishing food and beverage industry across emerging economies, bolstered by the rising disposable income and rapid urbanisation, is a major market driving trend.
The growing expansion of the e-commerce industry is another crucial trend which is garnering the demand for high-quality canned vegetables and fresh salad products. The comfort of booking dining tables via online platforms and mobile applications is increasing the footfall in luxury restaurants.
Wine vinegar is also utilised in the nutraceutical industry owing to the health benefits it provides. In this regard, the growing research and development activities in the nutraceutical sector to improve the clinical nutrition for working adults are providing impetus to the wine vinegar market.
In terms of regions, Europe accounts for a significant share in the market. The increasing popularity of wine vinegars in Spain and France, owing to the traditional culture of utilising them in cooking, and the versatility of wine-based products is boosting the market growth in the region.
Meanwhile, the Asia Pacific is anticipated to witness growth in the coming years owing to the rising demand for wine vinegar in Japanese and Chinese cuisines.
Key Market Players
The major players in the wine vinegar market report are:
- Roland Foods, LLC
- Pompeian, Inc.
- Spectrum Organic Products, LLC
- De Nigris Group
- Rex Wine Vinegar Company
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
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