SAN FRANCISCO, Sept. 16, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Vinegar - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 6; Released: April 2021
Executive Pool: 1948
Companies: 81 - Players covered include Aspall Cider Ltd.; Bragg Live Foods, Inc.; Carl Kuhne KG (GmbH & Co.); Castelo Alimentos; Eden Foods, Inc.; GNC Holdings, Inc.; Higher Nature Limited; Manzana Products Co. Inc.; Mautner Markhof Feinkost GmbH; Nutraceutical Corporation; PepsiCo, Inc.; Pompeian, Inc.; Solana Gold Organics; Swanson Health Products; The Kraft Heinz Company; Vitane Pharmaceuticals, Inc.; Viva Naturals Inc.; White House Foods Company and Others.
Coverage: All major geographies and key segments
Segments: Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Specialty Stores, Online, Other Distribution Channels); End-Use (Institutional, Retail); Product Type (Balsamic Vinegar, Red Wine Vinegar, Cider Vinegar, White Vinegar, Rice Vinegar, Other Product Types)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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Global Vinegar Market to Reach $1.3 Billion by 2026
Amid the COVID-19 crisis, the global market for Vinegar is projected to reach a revised size of US$1.3 Billion by 2026, growing at a CAGR of 1% over the analysis period. Balsamic Vinegar, one of the segments analyzed in the report, is projected to record a 0.9% CAGR and reach US$566.9 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Red Wine Vinegar segment is readjusted to a revised 1.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $347.3 Million in 2021, While China is Forecast to Reach $245.5 Million by 2026
The Vinegar market in the U.S. is estimated at US$347.3 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$245.5 Million by the year 2026 trailing a CAGR of 2.1% over the analysis period. Among the other noteworthy geographic markets is Canada which is forecast to grow at 0.7% over the analysis period. Within Europe, Germany is forecast to grow at approximately 0.2% CAGR.
Cider Vinegar Segment to Reach US$358.3 Million by the year 2026
In the global Cider Vinegar segment, USA, Canada, Japan, China and Europe will drive the 0.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$256.2 Million in the year 2020 will reach a projected size of US$266.7 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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SOURCE Global Industry Analysts, Inc.