USD 1683.07 million
Report ID:
SQMIG30C2107 |
Region:
Global |
Published Date: February, 2024
Pages:
233
|Tables:
259
|Figures:
84
Apple Cider Vinegar Market size was valued at USD 1683.07 million in 2019 and is poised to grow from USD 1819.4 million in 2023 to USD 3392.61 million by 2031, growing at a CAGR of 8.1% in the forecast period (2024-2031).
The primary factor of the market growth is the multiple health benefits of consuming the product. It can improve diabetes symptoms, support weight loss, lower cholesterol, lower blood sugar levels, maintain pH balance, and have antioxidant and antibacterial properties, according to numerous research studies. Moreover, a large number of pharmaceutical companies promote apple cider vinegar as a wellness drink and dietary supplement that's also intended to improve immunity, metabolism, and encourage weight loss, which will further spur market growth. Due to its many health benefits, apple cider vinegar is in higher demand, that has encouraged new companies to enter the market with items of difdifference terms of flavor, format, packaging, and other factors. These factors would result in an increase in demand in the future. For instance, Bragg Live Food Products, Inc. announced the launch of supplements containing Bragg apple cider vinegar in 2019. The company claims that company, and over 82% of its client supplies products for reasons related to their health. The new supplement from Bragg has the 750 mg of acetic acid that has been scientifically established to be the optimal dosage for weight control, appetite control, and the maintenance of healthy sugar levels and cholesterol levels.
US Apple Cider Vinegar Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 1683.07 million
Largest Segment
Conventional
Fastest Growth
Conventional
Growth Rate
8.1% CAGR
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Global Apple Cider Vinegar market is segmented on the basis of Nature, Product Type, Form, End Use, Application, Distribution Channel, Flavour, Special Diet Need, and region. By Nature, the market is segmented into Organic, Conventional. BY Product Type, the market is segmented into Filtered, and Unfiltered. By Form, the market is segmented into Powder, Liquid, Capsules, and Tablets. By End Use, the market is segmented into B2B, and B2C. By Application, the market is segmented into Food and Beverages, Personal Care, Pharmaceuticals, and Others. By Distribution Channel, the market is segmented into Retail Stores, Department Store, Super Market, Hypermarket, Specialty Store, and E Commerce. By Flavour, the market is segmented into Flavoured, and Unflavoured. By Price Range, the market is segmented into Economy, Mid-Range, Premium. By Special Diet Need, the market is segmented into Gluten-Free, Non-GMO, Dairy-Free, Organic, Vegan, Wheat-Free, Fat-Free, Halal, Kosher, Natural, Sodium-Free, Sugar-Free, Zero Calorie. The market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America as according region.
Apple Cider Vinegar Market Analysis by Nature
Cider vinegar is divided into two categories: conventional and organic. Due to its lower price and importance in developing and developed countries, the conventional segment is expected to obtain a significant market share. The increased customer preference for clean label and organic ingredients, however, is expected to lead organic ACV to rise at a quicker rate. The demand for organic cider vinegar will also increase as organic food and beverages are gaining traction in developed nations like North America and Europe.
Apple Cider Vinegar Market Analysis by Form
Liquid, capsules, and tablets make up the three segments of the market. Liquid cider vinegar is sold and used widely. For instance, it is recommended to consume diluted ACV in order to lose weight. Additionally, the liquid form is used in cooking, as a cleaning agent, and as a hair cleanser. Due to their ease of use and higher market availability, liquid segment is dominating the market. However, a number of companies are launching ACV products that also are based on tablets and capsules, so it is anticipated to grow very fast. For instance, the American company EBYSU Nutrition sells candies and vegetarian capsules that are filled with cider vinegar.
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A significant portion of the global market is expected to be dominated by the North American region due to the region's large production and the product innovations. Apple cider vinegar demand is growing as a result of several major US companies launching breakthrough health-promoting products. Examples include the pure apple cider vinegar gummies with 0% sugar that Essential Elements Nutrition launched in 2022. The manufacturer says that these red apple-flavored candies, which have no added sugar, help to increase energy, digestion, and immunity. There really are 60 gummies in each bottle, for each serving providing 1000mg of ACV.
In the Asia-Pacific region, it is very well-liked. Due to its health benefits, residents of the region commonly mix this with water and consume it directly. It is also often used in a number of Chinese and Japanese dishes as marinades, dressings, or sauces to give them a tangy flavour. Because it is a fermented food enriched with probiotic content, apple cider vinegar is widely consumed in China as a remedy for weight loss, as well as to enhance consumer performance in sports, improve the functioning of the digestive system, help ease blood sugar, and improve body's absorption of nutrients.
However, in Japan, consumers prefer to consume it with carbonated water during the summer, which helps to cool the body and has numerous skin advantages, including skin toner, acne prevention, and the treatment of sunburn. Additionally, regional producers are regularly updating their product lines to meet consumer demand, which is anticipated to help the market expansion. A few Chinese pharmaceutical companies were further attracted to the market for research even by associated health benefits.
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Apple Cider Vinegar Market Drivers
Health Benefits to Consuming Apple Cider Vinegar
Increasing the Development of Commercial Products
Apple Cider Vinegar Market Restraints
prolonged use of apple cider vinegar health Affects
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The competitive landscape for the apple cider vinegar market contains information about each competitor. Included information includes the company's executive summary, financials, revenue generated, market potential, investments in R&D, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product breadth and depth, and application dominance. Only the companies' focus on the apple cider vinegar market is mentioned in the above data points.
Apple Cider Vinegar Market Top Player’s Company Profiles
Apple Cider Vinegar Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global apple cider vinegar market analysis, in addition to being used in baking, it serves as a preservative to keep food, especially pickles, fresher for longer. ACV also helps with weight loss, boosts metabolism and immunity, among other advantages. Numerous nutraceutical businesses are marketing this as a wellness beverage and supplement. Due to the conventional segment's effectiveness being dependent on the widespread availability of regular apple cider vinegar through wholesalers, it is anticipated that the conventional segment will have a higher part of the market.
Report Metric | Details |
---|---|
Market size value in 2019 | USD 1683.07 million |
Market size value in 2031 | USD 3392.61 million |
Growth Rate | 8.1% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Million |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
Apple Cider Vinegar Market Recent Developments
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Apple Cider Vinegar Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Apple Cider Vinegar Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Apple Cider Vinegar Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Apple Cider Vinegar Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG30C2107
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