Asia-Pacific Vinegar Market - Growth, Trends and Forecasts (2019 - 2024)

Asia-Pacific Vinegar Market is segmented by Type (Balsamic Vinegar, Red Wine Vinegar, Apple Cider Vinegar, Rice Vinegar, and Other Types), by Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Online Stores, Specialty Stores, and Other Distribution Channels) and Geography

Market Snapshot

snapshot
Study Period:

2016-2024

Base Year:

2018

CAGR% (2019-2024):

4.7%

Largest Segment:

Supermarkets/Hypermarkets

Key Players:

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Market Overview

The Asia-Pacific vinegar market is projected to grow at a CAGR of 4.7% during the forecast period of (2019-2024)

  • The Asia-Pacific vinegar market is expected to be primarily driven by the changing consumer lifestyles and preferences. Due to the rise in health benefits, associated with the consumption of vinegar,  consumers’ interest toward  inclusion of vinegar in cooking gourmet and ethnic food has increased, thereby prompting the sales of vinegar.
  • The significant drivers for the vinegar market are increasing base of end-user industries, stringent environment regulations, etc. Additionally, a surge in the use of wood vinegar in Asia-Pacific for various applications, such as agricultural practices to improve seed germination, enrich the soil, and stimulate root growth is driving the market.

Scope of the Report

The market study of the Asia-Pacific vinegar market is available as balsamic vinegar, red wine vinegar, apple cider vinegar, rice vinegar, and other types. By distribution channel, the market is segmented into supermarkets/hypermarkets, convenience stores, online stores, specialty stores, and other distribution channels.

By Type
Balsamic Vinegar
Red Wine Vinegar
Apple Cider Vinegar
Rice Vinegar
Other Types
By Distribution Channel
Supermarkets/Hypermarkets
Convenience Stores
Specialty Stores
Online Retail Stores
Other Distribution Channels
Geography
Asia Pacific
China
Japan
India
Australia
Rest of Asia-Pacific

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Key Market Trends

Increase In Global Demand For Vinegar, Leading To High Exports

Owing to the rise in consumer awareness and the inclusion of vinegar as a key ingredient in various food applications, there has been an increase in demand for vinegar, worldwide. Italy, which is the major producer of vinegar, holds the maximum share in trading the product globally, whereas, Japan and China remain among the top seven countries exporting vinegar to the other countries. Traditionally produced organic kinds of vinegar, such as apple cider vinegar and coconut vinegar from the Asia-Pacific countries are gaining huge popularity, worldwide. Premium priced products, such as aged vinegar is exported at a higher volume, compared to regular vinegar, as it imparts a unique flavor to the end product. Hence, this increases the export value of different types of vinegar from the Asia-Pacific region, leading to an increase in revenue, driving the overall vinegar market in Asia-Pacific.

trend1

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High Demand For Black Vinegar

Black Vinegar is popular in China and Japan as a health tonic or drink, It is reputed to have an array of health benefits, similar to apple cider vinegar and other vinegar.  Various health benefits associated with the consumption of black vinegar that led to its inclusion as an ingredient. It may have a long-term, preventative effect, with an array of cardiovascular diseases, including high blood pressure, artery disease, heart disease, and stroke. Improves digestion and immune system. The amino acids present in black vinegar help in balancing the body’s pH, by both neutralizing lactic acid and alkalizing the blood. This has led to the entrance of many regional players in the Asia-Pacific black vinegar market. The market is highly fragmented and is dominated by players from China and Japan.

trend2

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Competitive Landscape

HJ Heinz Company LP, Borges Branded Foods, Australian Vinegar, and Mizkan Holdings Co. Ltd., are the major players in the market. The key strategies adopted by the players in the market are new product launches in different application segments followed by expansion. Companies also play a vital role in sustainable sourcing of raw material and help small farmers. 

Major Players

  1. The Kraft Heinz Company
  2. Borges International Group S.L.
  3. Autralian Vinegar
  4. Carl Kühne KG

* Complete list of players covered available in the table of contents below

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Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

    1. 3.1 Market Overview

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Balsamic Vinegar

      2. 5.1.2 Red Wine Vinegar

      3. 5.1.3 Apple Cider Vinegar

      4. 5.1.4 Rice Vinegar

      5. 5.1.5 Other Types

    2. 5.2 By Distribution Channel

      1. 5.2.1 Supermarkets/Hypermarkets

      2. 5.2.2 Convenience Stores

      3. 5.2.3 Specialty Stores

      4. 5.2.4 Online Retail Stores

      5. 5.2.5 Other Distribution Channels

    3. 5.3 Geography

      1. 5.3.1 Asia Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 Japan

        3. 5.3.1.3 India

        4. 5.3.1.4 Australia

        5. 5.3.1.5 Rest of Asia-Pacific

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Active Companies

    2. 6.2 Most Adopted Strategies

    3. 6.3 Market Share Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 The Kraft Heinz Company

      2. 6.4.2 Borges International Group S.L.

      3. 6.4.3 Autralian Vinegar

      4. 6.4.4 Shanxi Shuita Vinegar

      5. 6.4.5 Carl Kuhne KG

      6. 6.4.6 Mizkan Holdings Co. Ltd.

      7. 6.4.7 HPMC

      8. 6.4.8 St.Botanica

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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