The tenacity of
concerns over obesity has been on the rise around the globe. And now, consumers
endeavor on reducing extra fat that they carry, and consumption of healthy diet
remains one of the key ways to achieve the same. Vinegar contains acetic acid
that has fat-burning properties. The millennial population has been a forefront
user of apple cider vinegar in various food products, which has been triggering
the demand and sales for the product in the global market.
Revenue generated
from the global apple cider vinegar market was valued at US$ 745.8 Mn by the
end of 2017 and is expected to increase at a CAGR of 5.7% over the forecast
period. The market are expected to be valued at approximately US$ 1,229.2 Mn by
the end of 2026.
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Apples are one of
the most widely cultivated tree fruits, and the third-most internationally
traded fruit behind only bananas and grapes. Apples are commonly consumed, not
only because of their flavor, but also because of the important nutrients that
they contain, including high levels of antioxidants, vitamins, and dietary
fiber. There has been significant growth in the consumption rate of apple
flavored juices, sauces, as well as apple cider vinegar, which indicates that
the confluence of consumer perception for apple flavored product consumption
will help to drive the demand for the product in the global market.
Consumers are
inclining more towards a healthy lifestyle, which has led to the higher
consumption of food and food ingredients with potential health benefits.
Currently, consumers have become more conscious about their diets, owing to
which, they are spending on a holistic approach to health and wellness that
includes almost every aspect of life. Apple
cider vinegar is one such food product which has several health benefits
associated with its consumption, such as weight loss, improvisation of heart
health, and helps treating diabetes. The rising awareness about the health
benefits associated with the consumption of the product helps drive the demand
for the product in the global market.
However, some
vinegars such as balsamic vinegar, red wine vinegar, rice vinegar, and
distilled white vinegar have gained popularity among the target segments due to
their easy availability at affordable prices. Moreover, these kinds of products
provide additional health benefits for the target customers. Hence, there are
other relevant reasons for consumers to prefer other types of vinegar over
apple cider vinegar, which can result in a negative impact on the growth rate
of the product in terms of value and volume sales.
As indicated by
regional analysis, the apple cider vinegar market in North America and Europe
is expected to dominate over the forecast period followed by Asia Pacific. Asia
is expected to become a prominent player by the end of the forecast period with
a significant CAGR attributed to increase in the consumer awareness about the
benefits associated with apple cider vinegar in the region.
Some of the major
companies operating in the global apple cider vinegar market are PepsiCo, Inc.,
The Kraft Heinz Company, GNC Holdings, Inc., White House Foods Company, Carl
Kühne KG (GmbH & Co.), Castelo Alimentos S/A, Pompeian, Inc., Manzana
Products Co., Solana Gold
Organics, Aspall Cyder Ltd., Nutraceutical Corporation, Eden Foods, Inc.,
Higher Nature Limited, Vitane Pharmaceuticals, Inc., Bragg Live Food Products,
Inc., Swanson Health Products, Inc., Mautner Markhof Feinkost GmbH, Viva
Naturals, and others.
Get more Information: https://www.prnewswire.com/news-releases/apple-cider-vinegar-market-pegged-to-witness-promising-growth-prospects-through-2026-as-apple--apple-flavoured-products-witness-soaring-demand-683914901.html
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