Growth Drivers
Challenges
The market for fruit vinegar is anticipated to record a significant CAGR over the forecast period 2020-2028. The major key factors driving the growth of the market include the various nutritional benefits of fruit vinegar such as reduction in blood cholesterol level and decreasing the rate of heart disease along with growth in food service industry in major economies. Further, variety of flavours and extended shelf life of fruit vinegar along with the rising demand for ready to eat products is accelerating the demand for fruit vinegars. Moreover, owing to the busy schedules of consumers, the property of fruit vinegar to keep food fresh over longer periods of time is driving the growth of the market.
On the basis of application type, the market is segmented into food & beverages, personal care and others, out of which, food & beverages
segmented in estimated to dominate the market on the back of the increased use of fruit vinegar in food preservation as a seasoning. Further, several functional properties along with the multiple applications of fruit vinegar in fermented fruit products is increasing the demand for fruit vinegar. Moreover, the presence of antioxidants and phytochemicals in fruits along with the colours and aroma offered is driving the demand for high quality vinegar products and enhanced functional food.CLICK TO DOWNLOAD SAMPLE REPORT
Base Year |
2024 |
Forecast Year |
2025-2037 |
CAGR |
5.2% |
Base Year Market Size (2024) |
USD 557.16 million |
Forecast Year Market Size (2037) |
USD 1.07 billion |
Regional Scope |
|
Author Credits: Parul Atri
Copyright © 2024 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?