Apple Cider Vinegar Market Size, Growth Report by 2032
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.
COVID-19 Impact
Because apple cider vinegar boosts immunity, its popularity has increased during the COVID-19 epidemic. The market for apple cider vinegar has been further supported by rising demand for nutrient-dense food items during the lockdown. The demand for the goods has been dampened, nevertheless, by a drop in sales during the first quarter of the pandemic brought on by a complete lockdown and a ban on the selling of non-essential items. As a result, the market’s year-over-year growth was slower than in prior years.
Information Source: https://www.fortunebusinessinsights.com/apple-cider-vinegar-market-105136
Molson Coors Beverage Company Acquires Aspall Cyder Limited
The well-known American beverage firm Molson Coors Beverage firm acquired Aspall Cyder Limited in January 2018 to broaden its selection of ciders. By acquiring Aspall’s highly regarded portfolio, Molson will be able to fortify its position in the rapidly expanding premium cider sector in the United Kingdom. However, Molson’s proficiency in marketing, logistics, and distribution will also help them grow their company throughout the United Kingdom.
Rising Awareness Regarding Health Benefits of ACV to Drive Growth
The demand for nutritious and healthful products has surged in the worldwide food and beverage business. This is supported by people’s growing understanding of fitness and leading healthy lives. The worldwide market for apple cider vinegar is anticipated to be driven by this trend. ACV offers a number of health advantages, such as blood pressure and sugar regulation. Additionally, it lowers harmful cholesterol. The Canadian Digestive Health Foundation claims that the nutrients in ACV are comparable to those in an entire apple, omitting the fiber. It is therefore expected that these health benefits will increase demand for ACV.
Liquid Segment to Lead Backed by High Applications
The market has been divided into groups according on kind, form, distribution, and geography. The market is separated into filtered and unfiltered categories based on kind. It is divided into two categories: liquid and tablet. Due to its greater uses in end-user industries than tablets, the liquid category is predicted to dominate 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 North America, Europe, South America, Asia Pacific, and the Middle East & Africa based on region.
Presence of Key Players to Boost Demand in North America
Throughout the forecast period, North America is anticipated to dominate the apple cider vinegar market. The presence of several manufacturers in the United States is one of the key factors propelling the market expansion in the area. These businesses are entering the American market with a fresh line of AVC goods. This will increase the region’s adoption of the product. For example, Garden of Life debuted a new line of apple cider vinegar candies called Mykind in February 2021. In 2020, the region’s market value was estimated to be USD 277.92 million.
In the anticipated timeframe, Asia Pacific is expected to hold a sizable market share. The region’s market is continuously being driven by the entry of new competitors creating cutting-edge goods. Goli Nutrition, for example, just introduced ACV-based gummies to the Indian market.
Offering Unique Products to Help Enterprises Establish their Brand
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 attract more clients and build their brand as a result. For example, Lost Coast Food Co. debuted three distinct varieties of its sparkling cider vinegar juice in May 2019. The product is mostly made up of 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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