Dublin, Jan. 25, 2024 (GLOBE NEWSWIRE) -- The "Europe Vinegar Market Outlook, 2028" report has been added to ResearchAndMarkets.com's offering.
The European culinary landscape is currently witnessing a significant shift as the vinegar market, propelled by a resurgent interest in premium artisanal and organic varieties, is expected to achieve a milestone, reaching an estimated USD 2.87 Billion by the year 2028.
The study provides an in-depth analysis of the market's trajectory, segmented by product type, source, application, and distribution channels. It underscores the prominent role of the Italian vinegar market, known for its iconic Balsamic vinegars, along with the rising popularity of health-centric options such as apple cider vinegar, which continues to garner attention for its wellness attributes.
Connoisseurs and gastronomes have elevated the status of vinegars like Balsamic and red wine variants, while health-conscious consumers fuel demand for apple cider vinegar, thereby influencing the industry trends. Geographically, significant insights are offered into key markets, including Germany, the United Kingdom, France, Spain, Italy, and Russia, with Italy notably leading as a top exporter, renowned for both quantity and quality.
The report segments the vinegar types into categories like Balsamic, Red Wine, Apple Cider, White, Rice, and more; each with their distinct uses in European cuisine. The study recognizes the burgeoning segment of organic vinegars as an area with the fastest Compound Annual Growth Rate (CAGR) from 2023 to 2028, reflecting the region's commitment to sustainability and health.
Moreover, the research delves into the variety of applications for vinegar, from its dominant role in the food and beverage sector to its contributions to healthcare, cleaning, and agriculture industries. The European market is also segmented by B2B and B2C distribution channels, highlighting direct-to-consumer sales as holding the lion's share, with convenience stores, supermarkets, and online platforms being significant contributors.
As Europe charts its course through the challenges posed by the COVID-19 pandemic and geopolitical tensions exemplified by the Russia-Ukraine conflict, the market report provides strategic recommendations that cater to industry consultants, manufacturers, and stakeholders in the vinegar segment. This research embodies a wealth of data, offering a compass for anticipating and navigating the complex market dynamics within the European vinegar market.
Companies Covered in the report:
- De Nigris
- The Kraft Heinz Company
- Mizkan Holdings
- Burg Azijn
- Carl Kuhne
- Associated British Foods
- Borges International Group
- General Mills
- Kikkoman
- Kerry Group
- Unilever
- Lee Kum Kee Company
Considered in this report:
- Geography: Europe
- Historic year: 2017
- Base year: 2022
- Estimated year: 2023
- Forecast year: 2028
Aspects covered in this report:
- Europe Vinegar Market with its value and forecast along with its segments
- Various drivers and challenges
- On-going trends and developments
- Top profiled companies
- Strategic recommendation
By Product Type:
- Balsamic (Grapes)Vinegar
- Red Wine Vinegar
- Apple Cider Vinegar
- White (Grains)Vinegar
- Rice Vinegar
- Others (Black vinegar, Cane vinegar, Malt vinegar, Sherry vinegar, Apricot vinegar, Chilli vinegar etc)
By Source:
- Synthetic
- Organic
By Application:
- Food & Beverages
- Healthcare Industry
- Cleaning Industry
- Agriculture Industry
By Distributional Channel:
- B2B (Business-to-business)
- B2C (Business-to-consumers)
- Convenience Stores
- Supermarkets & Hypermarkets
- Online
- Others(Specialty Stores)
For more information about this report visit https://www.researchandmarkets.com/r/lx7l39
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