Asia Pacific Vinegar Market, Rising demand for Salads and Strong flavored foods Will Drive the market to grow high in coming years, according to the report published by research cosmos.
The Asia-Pacific vinegar market is estimated to grow at a CAGR of 6.9 % during the forecast period 2018 - 2023. The regional market is growing at an exceptionally faster pace with wide range of applications.
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Changing consumer food preferences
The Asia-Pacific vinegar market growth is expected to be primarily driven by the changing consumer lifestyle and preferences. The interest toward cooking gourmet and ethnic foods have increased among many consumers prompting the sales of vinegar which can be used as one of the key ingredients.
The significant drivers for vinegar are increasing base of end-use industries and stringent environment regulations. Also, surge in use of wood vinegar in various applications such as agricultural practices due to improved seed germination, soil enrichment and root growth stimulation is driving the market.
Organic Vinegar Expected to Grow at a Faster Rate
The Asia-Pacific market for vinegar is segmented on the basis of product type, distribution channel and country. New types of organic vinegar such as apple cider vinegar and coconut vinegar have been introduced in the market and are gaining huge popularity.
Organic vinegar is unfiltered, unheated, and contains 4.32% acidity. Organic vinegar is used as a health tonic and an antiseptic, as it is being produced from the fresh fruits or organically certified farmers.
It has a certain freshness in its taste that is not found in non-organic products.
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Apart from traditional vinegar flavors, there is a growing demand from consumers who are trying different cuisines and new flavors. This is encouraging the key players to launch new products.
Many new products are being launched which contain no preservatives and include as many natural flavors. Also, the introduction of new flavors and ingredients in sauces and dressings will increase the demand for vinegar.
China holds a major share in the Asia-Pacific vinegar market in 2016. India is expected to grow at a faster pace with the growing consumption of organic vinegar during the forecast period.
Major Players: KRAFT HEINZ COMPANY, BORGES BRANDED FOODS, FLEISCHMANN'S VINEGAR COMPANY, Inc, AUSTRALIAN VINEGAR, ACETIFICI ITALIANI MODENA, MIZKAN GROUP , SHANXI SHUITA VINEGAR, CARL KUHNE, ACETIFICIO ACETUM S.R.L, ASPALL
Reasons to Access this Report
- Analyzing outlook of the market with the recent trends and Porter’s five forces analysis
- Market dynamics which essentially consider the factors which are impelling the present market scenario along with growth opportunities of the market in the years to come
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
- Country level analysis integrating the demand and supply forces that are influencing the growth of the market
- Competitive landscape involving the market share of major players along with the key strategies adopted for development in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis and strategies employed by the major market players
- 3 months analyst support along with the Market Estimate sheet in excel.
Customization of the Report
- Value chain analysis
- Consumer behavior analysis in country level
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