The global apple cider vinegar market 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 reveals that the global market value stood at USD 619.43 million in 2023, with expectations to register a CAGR of 5.7% from 2024 to 2032.
Apple cider vinegar, a specific type of vinegar produced through the fermentation of apple juice, is widely used across various industries, including nutraceuticals, cosmetics, and food service. In addition to its role in baking, apple cider vinegar acts as a potent preservative, extending the shelf life of foods, especially pickles. Consequently, there is an increasing demand for apple cider vinegar, driven primarily by the food and beverage industry. Moreover, apple cider vinegar offers numerous health benefits, such as boosting immunity and metabolism, and aiding in weight loss, further contributing to its market growth.
Information Source: https://www.fortunebusinessinsights.com/apple-cider-vinegar-market-105136
Molson Coors, a beverage company, buys Aspall Cyder Limited
In January 2018, the renowned American beverage company Molson Coors Beverage acquired Aspall Cyder Limited to enhance its cider offerings. By acquiring Aspall's esteemed portfolio, Molson Coors aims to strengthen its position in the UK's rapidly growing premium cider market. Additionally, Molson Coors' expertise in marketing, logistics, and distribution will support the expansion of their business throughout the UK.
Expanding Understanding of ACV's Health Advantages to Encourage Growth
The global food and beverage industry is witnessing an increasing demand for wholesome and nourishing products, driven by a growing awareness of the importance of exercise and healthy living. This trend is expected to propel the apple cider vinegar (ACV) market worldwide. ACV offers several health benefits, including regulation of blood pressure and blood sugar levels, and reduction of harmful cholesterol. According to the Canadian Digestive Health Foundation, ACV has roughly the same nutritional value as an entire apple, minus the fiber. Consequently, these health benefits are projected to boost demand for ACV.
Lead by Liquid Segment with Strong Application Support
The market is segmented by distribution, type, form, and region. Based on type, the market is divided into filtered and unfiltered categories. In terms of form, apple cider vinegar is available in both liquid and tablet forms. Liquids are more widely used than tablets in end-user industries and are therefore expected to dominate the market. Regarding distribution channels, the market is categorized into hypermarkets and supermarkets, traditional food stores, online channels, and others. Finally, the market is segmented into five regions: North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
The Presence of Key Players to Raise Demand in North America
During the forecast period, North America is expected to lead the apple cider vinegar (ACV) market. One of the primary factors driving market growth in this region is the presence of numerous producers in the United States. These companies are introducing new lines of ACV products to the US market, which will increase product acceptance within the community. For instance, Garden of Life launched a new line of apple cider vinegar gummies called Mykind in February 2021. In 2020, the market in North America was valued at USD 277.92 million.
The Asia Pacific region is also anticipated to account for a significant portion of the market during this period. Market growth in the region is fueled by the entry of new competitors manufacturing innovative products. For example, Goli Nutrition recently introduced ACV-containing gummies to the Indian market.
Providing Unique Products to Help Companies Develop Their Brands
Prominent companies in the apple cider vinegar industry are launching new products and experimenting with different flavors and ingredients to enhance the taste of their offerings. This strategy aims to expand their consumer base and strengthen their brand presence. For example, Lost Coast Food Co. introduced three varieties of its sparkling cider vinegar juice in May 2019. This product primarily consists of fruit juice with a small 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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