The global apple cider vinegar market is projected to reach USD 1,009.40 million by 2032, driven by growing awareness of its health benefits, according to Fortune Business Insights™ in their report titled “Apple Cider Vinegar Market, 2024-2032.” The market was valued at USD 619.43 million in 2023 and is expected to grow at a CAGR of 5.7% from 2024 to 2032.
Apple cider vinegar, produced through the fermentation of apple juice, is utilized across various industries, including nutraceuticals, cosmetics, and food service. Beyond its use in baking, it serves as an effective preservative, extending the shelf life of foods such as pickles. The increasing demand for apple cider vinegar is largely driven by the food and beverage industry. Additionally, its health benefits, including immune system support, metabolism enhancement, and weight loss aid, are further fueling market growth.
Information Source: https://www.fortunebusinessinsights.com/apple-cider-vinegar-market-105136
Molson Coors, a beverage company, buys Aspall Cyder Limited
In January 2018, the American beverage company Molson Coors Beverage acquired Aspall Cyder Limited to enhance its cider portfolio. This acquisition aims to bolster Molson Coors' presence in the UK's rapidly growing premium cider market. Leveraging its expertise in marketing, logistics, and distribution, Molson Coors plans to support and expand its business throughout the UK with Aspall's esteemed portfolio.
Expanding Understanding of ACV's Health Advantages to Encourage Growth
The global food and beverage industry is experiencing a rising demand for wholesome and nourishing products, driven by increased awareness of exercise and healthy living. This trend is expected to significantly boost the apple cider vinegar (ACV) market. ACV is known for its health benefits, such as regulating blood pressure and blood sugar levels and reducing harmful cholesterol. According to the Canadian Digestive Health Foundation, ACV offers similar nutritional benefits to an entire apple, minus the fiber. These health advantages are anticipated to further drive the demand for ACV.
Lead by Liquid Segment with Strong Application Support
The apple cider vinegar market is segmented by distribution channel, type, form, and region.
The Presence of Key Players to Raise Demand in North America
During the forecast period, North America is expected to lead the apple cider vinegar (ACV) market. The presence of numerous producers in the United States is a key driver, as these companies introduce new ACV products to the US market, enhancing product acceptance. For example, Garden of Life launched a new line of apple cider vinegar gummies called Mykind in February 2021. The North American market was valued at USD 277.92 million in 2020.
The Asia Pacific region is also anticipated to capture a significant market share, driven by the entry of new competitors and innovative products. For instance, Goli Nutrition recently introduced ACV-containing gummies to the Indian market, contributing to the region's growth.
Providing Unique Products to Help Companies Develop Their Brands
Leading companies in the apple cider vinegar industry are actively launching new products and experimenting with various flavors and ingredients to improve taste and broaden their consumer base. This approach helps enhance their brand presence. For instance, Lost Coast Food Co. launched three varieties of sparkling cider vinegar juice in May 2019. These products primarily consist of fruit juice with a small amount of ACV added.