A11752 | Pages: 266 | Oct 2021 | 2613 Views | ||
Author(s) : Priya , Roshan Deshmukh | Tables: 126 | Charts: 57 |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Apple Cider Vinegar Market
Request Now !The global apple cider vinegar market size was valued at $838.9 million in 2020, and is projected to reach $1,819.4 million by 2030, registering a CAGR of 8.1% from 2021 to 2030.
Apple cider vinegar is a type of vinegar, which is produced by fermenting apple juice. It is widely used in various industries, including food service industry, nutraceuticals industry, cosmetic industry, and others. Apple cider vinegar is used for baking and also acts as an effective preservative to preserve food majorly pickles for longer period of time. Thus, this has driven its apple cider vinegar market demand from the food & beverages industry contributing in driving the growth of the apple cider vinegar market. Moreover, apple cider vinegar boosts immunity power & metabolism, helps in weight loss, and others. Many manufacturers from nutraceuticals are launching apple cider vinegar as a wellness drink and supplements in the market. This, in turn, has driven the apple cider vinegar market growth.
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Apple cider vinegar has experienced a rise in usage in the cosmetic industry. More people are buying products, which have apple cider vinegar. Companies are making many products such as apple cider vinegar shampoos, apple cider vinegar face wash, apple cider vinegar face moisturizer, and others. Apple cider vinegar contains vitamins and minerals, which are good for hair. It also has anti-inflammatory properties and contains acetic as well as alpha hydroxyl acid. They exfoliate the skin and absorb excess oil. These products are in high demand and attracted the industries to increasingly launch new products with apple cider vinegar. Thus, the apple cider vinegar market is expected to grow at a steady rate during the forecast period.
COVID-19 Impact Analysis
The global apple cider vinegar industry is segmented into nature, form, distribution channel, and region. By nature, it is classified into organic and conventional. By form, the market is categorized into liquid and others. By distribution channel, it is divided supermarket/hypermarket, specialty store, online store, and others. Region-wise, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, the UK, France, Italy, Spain, Russia, and the rest of Europe), Asia-Pacific (China, Japan, India, Australia & New Zealand, South Korea, ASEAN, and the rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa, Argentina, and the rest of LAMEA).
By nature, the conventional segment registered the highest apple cider vinegar market share in 2020. This is mainly attributed to its effectiveness in easy availability of conventional apple cider vinegar in the market through distributors. However, the organic segment is expected to be the fastest growing segment during the forecast period in terms of value sales.
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By form type, the liquid segment registered the highest market share in 2020. This is mainly attributed to its ease of applications and easy availability in the market to various distribution channels, including supermarket, hypermarket, specialty stores, and others However, the others segment is expected to be the fastest growing segment during the forecast period in terms of value sales.
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By distribution channel, the apple cider vinegar market is divided into supermarket/hypermarket, specialty store, online store, and others. In 2020, the supermarket/hypermarket segment accounted for the highest market share in the global apple cider vinegar market. These stores offer a variety of brands in a product category, including apple cider vinegar, and thus offer more options for customers to buy apple cider vinegar as per their choice of forms, brands, prices, and others However, the online store segment in the apple cider vinegar market is expected to be the fastest growing segment during the forecast period in terms of value sales.
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Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America accounted for the highest market share in 2020. This is attributed to the subsequent growth of the food service industry in this region. However, Asia-Pacific is expected to be the fastest growing market during the apple cider vinegar forecast period.
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Key players operating in the global apple cider vinegar market focus on prominent strategies to overcome competition and maintain as well as improve their market share worldwide. Some of the major players in the global industry analyzed in this report include Aspall, Pepsico Inc., Barnes Natural Pty Ltd, the Kraft Heinz Company, Carl Kühne KG (GmbH & Co.), Molson Coors Beverage Company, Stonewall Kitchen, White House Foods, Lost Coast Food Co. Ltd, Swander Pace Capital, Manzana Products Co. Inc., and Pompeian Inc.
Key Benefits For Stakeholders
Key Market Segments
By Nature
By Form
By Distribution Channel
By Region
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The market players have adopted key developmental strategies such as agreement and partnership to fuel the growth of the apple cider vinegar market in terms of value sales. They also emphasize on continuous improvement in their product to keep a strong foothold in the market and to boost the demand for Apple cider vinegar in food service industry.
According to the key market players, From the past few years, there has been rise in the demand for apple cider vinegar from the consumers owing to their easy availability in the market through various distribution channel including supermarket, discount stores, departmental store, online stores and others. This in turn has driven the demand for Apple cider vinegar market. Moreover, the manufacturers are investing in R&D activities and making continuous effort in launching new improved apple cider vinegar. Thus, this factor promotes the sale of apple cider vinegar in the market.
The key market players in this market adopted new strategies such as acquisition and others as their key developmental strategies to fulfil the rise in demand from the consumers. However, negative the easy availability of its substitutes is likely to hamper the growth of the apple cider vinegar market in the future.
A. The global apple cider vinegar market size is projected to register a CAGR of 8.1% from 2021 to 2030.
A. The global apple cider vinegar market size is projected to reach $1,819.4 million by 2030.
A. You can raise the query to our sales team, and they will get back to you with the sample for the apple cider vinegar market report.
A. Growth of the food & beverages industry is one of the key factor driving the growth of the market.
A. The major players in the report are Aspall, Pepsico , Barnes Natural, the Kraft Heinz Company, Carl Kühne, Molson Coors Beverage Company, Stonewall Kitchen, White House Foods, Lost Coast Food, Swander Pace Capital, Manzana Products ,and Pompeian inc.
A. You can raise the query to our sales team regarding the company profiles of top 10 players and they will get back to you for the same.
A. The global apple cider vinegar industry is segmented into nature, form, distribution channel, and region.
A. The liquid apple cider vinegar registered the highest apple cider vinegar market share in 2020.
A. Asia-Pacific is expected to be the fastest growing market during the apple cider vinegar forecast period.
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