The global apple cider vinegar market share, size is projected to reach USD 1,009.40 million by 2032 owing to the increasing awareness regarding health benefits of the product, states Fortune Business Insights™ in its report, titled “Apple Cider Vinegar Market, 2024-2032”. The report further states that the global market value was USD 619.43 million in 2023 and the market is expected to register a CAGR of 5.7% from 2024 to 2032.
A specific kind of vinegar that is created by fermenting apple juice is apple cider vinegar. It is extensively utilized in a number of industries, such as the food service, cosmetic, and nutraceuticals sectors. In addition to being used in baking, apple cider vinegar is a powerful preservative that prolongs the shelf life of food, particularly pickles. Because of this, the demand for apple cider vinegar has increased, with the food and beverage sector playing a major role in the market's expansion. Additionally, apple cider vinegar aids with weight loss, increases immunity and metabolism, and has other health benefits.
Information Source: https://www.fortunebusinessinsights.com/apple-cider-vinegar-market-105136
The Beverage Company Molson Coors Purchases Aspall Cyder Limited
In order to increase the variety of ciders it offered, the well-known American beverage company Molson Coors Beverage bought Aspall Cyder Limited in January 2018. Molson will be able to strengthen its position in the fast growing premium cider market in the UK by acquiring Aspall's well-regarded portfolio. But Molson's skill in distribution, logistics, and marketing will also help them expand their business across the UK.
Growing Knowledge of ACV's Health Benefits to Promote Growth
In the global food and beverage industry, there is an increasing need for wholesome and nourishing products. People's increasing awareness of exercise and living healthy lives is evidence for this. This tendency is expected to propel the apple cider vinegar market globally. Numerous health benefits, including blood pressure and sugar management, are provided by ACV. It also reduces dangerous cholesterol. According to the Canadian Digestive Health Foundation, ACV contains about the same amount of nutrients as a full apple (without the fiber). Therefore, it is anticipated that the demand for ACV will rise as a result of these health benefits.
Lead by Liquid Segment Supported by High Applications
Groups in the market have been created based on distribution, kind, form, and region. Based on kind, the market is divided into filtered and unfiltered categories. There are two types of it: pill and liquid. The liquid category is expected to lead the market since it is more widely used in end-user industries than tablets. Based on distribution, the market is separated into hypermarkets and supermarkets, conventional food stores, online channels, and others. Lastly, it is categorized by region into the Middle East & Africa, Asia Pacific, Europe, South America, and North America.
Important Players' Presence to Increase Demand in North America
The apple cider vinegar market is expected to be dominated by North America for the duration of the projected period. One of the main drivers of the market expansion in the region is the existence of multiple producers in the United States. These companies are bringing a new range of AVC products to the American market. This will boost the product's acceptance rate in the area. For instance, in February 2021 Garden of Life unveiled Mykind, a brand-new line of apple cider vinegar candies. The market value of the area was projected to be USD 277.92 million in 2020.
Asia Pacific is likely to hold a significant market share in the projected timeframe. The introduction of new competitors producing state-of-the-art products continuously drives the region's market. Goli Nutrition, for instance, has just released gummies containing ACV in the Indian market.
Providing Distinctive Products to Assist Businesses in Building Their Brands
Prominent enterprises within the apple cider vinegar sector are introducing novel offerings. They are experimenting with various ingredients and flavors to enhance the flavor of their product. As a result, they will draw in more customers and strengthen their brand. For instance, in May 2019, Lost Coast Food Co. introduced three different types of its sparkling cider vinegar juice. Fruit juice makes up the majority of the product, with a tiny amount of ACV added.
Industry Development:
In June 2019: Swander Pace Capital announced the acquisition of Bragg Live Food Products, Inc., one of the food and beverages enterprises in the U.S. The acquisition helped Bragg establish its brand in the international market.
List of Key Players Profiled in the Apple Cider Vinegar Market Report:
- Barnes Naturals Pty Ltd (Maryborough, Australia)
- Carl Kuhne KG (Hamburg, Germany)
- Molson Coors Beverage Company (Chicago, U.S.)
- Global Export Marketing Co. Ltd (American Garden) (New York, U.S.)
- Swander Pace Capital (Bragg) (San Francisco, U.S.)
- Manzana Products Co. Inc. (Sebastopool, U.S.)
- NOW Health Group Inc. (Bloomingdale, U.S.)
- Mizkan America, Inc. (Mount Prospect, U.S.)
- Stonewall Kitchen (York, U.S.)
- Lost Coast Food Co. Ltd. (London, UK)
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