WILMINGTON, DE, UNITED STATES, December 18, 2024 /
EINPresswire.com/ -- The
Global Champagne Vinegar Market size was valued at $21.40 million in 2021, and is estimated to reach $31 million by 2031, growing at a CAGR of 3.8% from 2022 to 2031.
The growing consumer preferences for healthy functional food along with the emerging tailor-made product offerings of the champagne vinegar manufacturers are the latest trends in the market, which is expected to have a positive impact on the market growth during the forecast period.
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The champagne vinegar is produced by adding acetobacter aceti, a bacteria that converts ethanol into acetic acid, to the champagne base and then aging and fermenting it. The champagne vinegar is extremely popular in Europe, especially in France and Germany. France is the largest producer and one of the largest consumers of champagne vinegar. The associated health benefits of consuming champagne vinegar along with the texture and flavor it adds to various dishes is boosting the demand for the champagne vinegar in the restaurants, household kitchens, and foodservice industry, across the globe.
According to United States Department of Agriculture, spending on food away from homes (restaurant, full-service and fast food) accounts $978.2 billion or 51.9% of total food expenditures. The rising consumer expenditure on food from commercial food outlets is expected to drive the champagne vinegar market growth during the forecast period.
The surge in health consciousness, rising concerns regarding deteriorating environmental conditions, and growing demand for quality and healthy food products is shifting the consumer preferences towards natural and organic food and food ingredients. According to Organic Trade Association in the year 2020-21, Organic revenues exceeded $63 billion, with total annual growth of $1.4 billion. Food sales, which accounted for more than 90% of organic sales, reached $57.5 billion (approximately 2% growth) and non-food sales reached $6.0 billion (7% growth) in U.S.
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Region-wise, the market was dominated by Europe. Germany, France, and Italy are among the top consumers of vinegars in the globe.
The presence of several top manufacturers of champagne vinegars and various developmental strategies adopted by them significantly promotes the champagne vinegar market growth. For instance, in November 2018, Stonewall Kitchen has acquired Spruce Naturals, the parent company of Nappa Valley Naturals. A premium brand of certified organic extra virgin olive oils, culinary cooking oils, Italian balsamic vinegars and aged wine vinegars. This strategy aimed at expanding the portfolio of Stonewall Kitchen.
The major players operating in the global champagne vinegar industry includes Antichi Colli Srl, Bellindora, Charbonneaux Brabant, Cibaria International, Classic Wines Vinegar, Evoolution, Fiore Artisan Olive Oil and Vinegar, Fleischmann's Vinegar, Hillstone Olive Oil, Kimberley Wine Vinegars, O Olive Oil and Vinegar, Olive Oil and Beyond, Sparrow Lane, Stonewall Kitchen, Wellspent Market. These market players are constantly engaged in the various developmental strategies such as acquisitions, mergers, and product launches to exploit champagne vinegar market opportunities and gain market share.
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