Market Size of Apple Cider Vinegar Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 8.57 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Apple Cider Vinegar Market Analysis
The apple cider vinegar market size is estimated to be USD 1.16 billion in 2023. It is projected to reach USD 1.75 billion by 2028, registering a CAGR of 8.57% during the forecast period.
Apple cider vinegar has anti-microbial properties, which help improve glucose and insulin levels, reduce weight and body fat, and lower calorie amounts. Thus, the increased awareness among individuals about the potential health benefits of consuming apple cider vinegar fuels the market growth. Apple cider vinegar is now being introduced in the form of vegetarian capsules, gummies, and powder forms, which are gaining immense popularity worldwide. For instance, Vermont Village offers RTD apple cider vinegar shots in single-serving packets. Therefore, the availability of apple cider vinegar in convenient packaging formats propels the market growth. Prominent manufacturers are introducing products with specific labeling claims, such as non-GMO, gluten-free, organic, and vegan, further boosting the market growth. For instance, Nature's Truth offers vegan apple cider vinegar capsules with plant-based herbal ingredients. The company also claims that the vegetarian capsules are vegan-friendly, gluten-free, non-GMO, and without artificial flavors or sweeteners.