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 states that the global market value was USD 619.43 million in 2023 and the market is expected to register a CAGR of 5.7% from 2024 to 2032.
Apple cider vinegar is a particular type of vinegar that is produced through the fermentation of apple juice. It is widely used in many industries, including the nutraceuticals, cosmetics, and food service industries. Apple cider vinegar is not only utilized in baking but also acts as a potent preservative, extending the shelf life of food, especially pickles. As a result, there is a greater need for apple cider vinegar, and the food and beverage industry is a key driver of this market growth. Apple cider vinegar also offers other health benefits, such as boosting immunity and metabolism, and helping with weight loss.
Information Source: https://www.fortunebusinessinsights.com/apple-cider-vinegar-market-105136
Molson Coors, a beverage company, buys Aspall Cyder Limited
In January 2018, the well-known American beverage firm Molson Coors Beverage acquired Aspall Cyder Limited to expand the range of ciders it provided. By buying Aspall's reputable portfolio, Molson will be able to solidify its position in the UK's rapidly expanding premium cider sector. However, Molson's expertise in marketing, logistics, and distribution will also help them grow their company throughout the UK.
Expanding Understanding of ACV's Health Advantages to Encourage Growth
Wholesome and nourishing products are in greater demand in the worldwide food and beverage business. This is demonstrated by people's growing knowledge of the importance of exercising and leading healthy lives. It is anticipated that this trend will drive the apple cider vinegar business internationally. ACV offers several health advantages, including as blood pressure and sugar regulation. Additionally, it lowers harmful cholesterol. The Canadian Digestive Health Foundation states that ACV has roughly the same nutritional value as an entire apple (without the fiber). As a result, it is projected that these health advantages will increase demand for ACV.
Lead by Liquid Segment with Strong Application Support
The market has been divided into groups according to distribution, kind, form, and region. The market is separated into filtered and unfiltered groups based on kind. It comes in two forms: liquid and tablet. Since liquids are more commonly utilized than tablets in end-user industries, they are predicted to lead the market. The market is divided into hypermarkets and supermarkets, traditional food stores, internet channels, and others based on distribution. Finally, it is divided 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
Over the course of the anticipated period, North America is anticipated to lead the apple cider vinegar market. The presence of numerous producers in the United States is one of the primary factors propelling the market expansion in the area. These businesses are introducing a fresh line of AVC goods to the US market. This will increase the rate of product acceptability in the community. For example, Garden of Life debuted a brand-new line of apple cider vinegar candies called Mykind in February 2021. In 2020, the area was estimated to have a market value of USD 277.92 million.
It is anticipated that Asia Pacific would account for a sizeable portion of the market over this period. The market in the region is constantly being driven by the entry of new competitors that are manufacturing cutting-edge products. For example, Goli Nutrition recently introduced ACV-containing gummies to the Indian market.
Providing Unique Products to Help Companies Develop Their Brands
Well-known companies in the apple cider vinegar industry are launching new products. They are experimenting with different flavors and components to improve the taste of their product. They will thereby increase their consumer base and fortify their brand. For example, Lost Coast Food Co. debuted three varieties of its sparkling cider vinegar juice in May 2019. The product is mostly 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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