Market Size of Asia-Pacific Vinegar Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.10 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Asia-Pacific Vinegar Market Analysis
The Asia-Pacific vinegar market is projected to record a CAGR of 5.1% during the forecast period 2022-2027.
The COVID-19 pandemic changed demand dynamics in the market, with consumers increasingly seeking immunity booster products for building health and body enhancement. Targeting this emerging trend, companies are positioning their products accordingly to address this demand. Thus, manufacturers are leveraging this factor to further build their customer base through innovation, distribution enhancement, and higher product visibility. For instance, Dabur India Ltd's Apple Cider Vinegar and its series of new products were exclusively launched on Amazon India during Amazon Prime Day in August 2020.
Over the medium term, the Asia-Pacific vinegar market is expected to be primarily driven by changing consumer lifestyles and preferences. Due to the rise in health benefits associated with the consumption of vinegar, consumers' interest in the inclusion of vinegar in cooking gourmet and ethnic food has increased, thereby prompting the sales of vinegar. The labeling claims of products, including non-GMO, gluten-free, organic, and vegan, have further boosted the market growth.
Moreover, unfiltered vinegar is popular among consumers due to the presence of the original ''mother'' essence and taste. The growing preference for more premium products encourages market players to be innovative regarding the overall taste profile of different kinds of vinegar.
