Kenneth Research, in its repository of market research reports, have recently added a report on Vinegar Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2022-2031. The Vinegar Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Vinegar Market products.
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By the end of 2050, the world’s population aged 60 years and above is anticipated to reach 2 billion, states the World Health Organization (WHO), in one of its statistics. Additionally, several manufacturers are increasingly showing interest for manufacturing healthy beverages, which is also anticipated to drive the growth of the market in the coming years.
Global Vinegar Market was valued at USD 9060 Million in the year 2018. Global Vinegar Market is further estimated to grow at a CAGR of 6.7% from 2019 to reach USD 13325 Million by the year 2025. Vinegar is an aqueous solution of acetic acid and trace chemicals that may include flavorings. Vinegar typically contains 5-20% by volume acetic acid. Usually the acetic acid is produced by the fermentation of ethanol or sugars by acetic acid bacteria. Vinegar is now mainly used as a cooking ingredient, or in pickling.
With the improvement of residents’ living standards and consumption levels and the improvement of eating habits, consumers’ demand for vinegar products is increasing. The vinegar products will no longer be limited to traditional catering, and vinegar products will be more and more.
Major market players in Cinnegar Market are Mizkan Holdings, Jiangsu Hengshun Vinegar, Shanxi Shuita Vinegar, Kerry Group, Kraft Heinz, Sichuan Baoning Vinegar, Kikkoman Corporation, Shanxi Zilin Vinegar Market, Acetificio M. de Nigris s.r.l., Tianjin Tianliduli Matutre Vinegar, Burg Groep B.V., Shanxi Mature Vinegar Group, Qianhe Condiment and Food, Fujian Yongchun Laocu Vinegar Market, Borges International Group, jiajia Food Group, and brief information of 4 more companies are provided in the report.
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Vinegar Market Segmentation:
Vinegar Market Overview, By Product
Mature Vinegar
Balsamic Vinegar
White Vinegar
Wine Vinegar
Cidar Vinegar
Others
Vinegar Market Overview, By Application
Commercial
Household
Vinegar Market Overview, By Region
North America
*USA
*Canada
Europe
*Germany
*U.K.
*France
*Italy
*Rest of Europe
APAC
*China
*India
*Japan
*Rest of Asia-Pacific
RoW (Rest of World)
*Latin America
*Middle East & Africa
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