NEWARK, Del, Aug. 27, 2024 (GLOBE NEWSWIRE) -- The global apple cider vinegar market value in 2019 was USD 516.8 million and it thrived at a CAGR of 4.9% in the following five years. In 2024, the net worth of this market is estimated to be almost USD 684.5 billion.
The global sales of apple cider vinegar are expected to rise at a rate of 5.7% per year between 2024 and 2034. The global apple cider vinegar industry value is predicted to reach USD 1,074.7 million at the end of this forecast period.
Sales are expected to grow since apple cider vinegar is widely regarded as the most efficient weight-loss treatment and is a staple of many diet regimens. As consumer interest in wellness continues to develop, more health-related firms are employing ACV powder to make tablets and sweets and are influencing the market positively.
Key Takeaways from the Apple Cider Vinegar Market Study Report
- The United States apple cider vinegar market is anticipated to register a CAGR of 3.2% during the projected years.
- Germany is likely to witness a 4.3% CAGR in the production and supply of apple cider vinegar over the next ten years.
- China is the leading producer of apple cider vinegar in Asia which is expected to follow 3.8% CAGR during the forecast years.
- The Apple cider vinegar industry of Japan is likely to witness a higher growth rate of 5.5% between 2024 and 2034.
- India is anticipated to present the most lucrative opportunities for apple cider vinegar suppliers with an estimated CAGR of 6.2% from 2024 to 2034.
Competitive Landscape for the Apple Cider Vinegar Market Players
The overall market is highly fragmented due to the presence of several companies in the apple-producing temperate regions of the world. Prominent firms, such as Barnes Naturals, Carl Kühne, PepsiCo, and others have extensively introduced a variety of free-from kinds of apple cider vinegar to support the growth of the potential market.
“Apple vinegar producers that hold a significant share of the market are always striving to create products that are both practical for consumers purchasing home things and functional. In addition to liquid apple cider vinegar, these top manufacturers also offer tablets and gummies which have a longer shelf life and a greater market value.” – says Nandini Roy Choudhury, Client Partner at Future Market Insights.
Recent Developments by the Apple Cider Vinegar Industry Participants
In March 2024, Apeal World, the sparkling apple cider vinegar brand, launched the third flavor option in organic lemon and mint. Sparkling water, organic apple cider extracts, and sustainably sourced spices are all combined to create these new apple cider vinegar flavors of lemon and mint. The firm has already introduced its clove, cinnamon, and vanilla RTD after ginger-flavored apple cider vinegar earlier.
In June 2023, Pureboost introduced its apple cider vinegar product as an antioxidant clean energy drink that is now the best-selling item on Amazon. This product is in the company's Superfoods Clean Energy segment and comes in a convenient portable pack. It is devoid of sugar and sucralose, much like all of their functional drink products. This new launch, which promises all of the benefits of apple cider vinegar was just after Pureboost concluded its round on WeFunder, where the business received over USD 2.8 million.
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Key Players Profiled in the Apple Cider Vinegar Market Report
- Barnes Naturals
- The Kraft Heinz Company
- Carl Kühne KG
- Castelo Alimentos S/A
- Old Dutch Mustard Co., Inc.
- Marukan Vinegar USA Inc.
- Aspall
Key Segments Covered by Apple Cider Vinegar Industry Survey Report
By Application:
- Food & Beverages
- Pharmaceuticals
- Personal Care
- Household and Industrial Applications
By Distribution Channel:
- Direct Sales Channel
- Indirect Sales Channel
- Supermarkets or Hypermarkets
- Drug Stores
- Convenience Stores
- Specialist Stores
- Independent Retailers
- Departmental Stores
- Online Stores
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia and Pacific
- Middle East and Africa (MEA)
Authored by:
Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.
She has exceptional analytical skills and often brings thought leadership to the table.
Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.
Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.
Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.
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