The Europe Apple Cider Vinegar Market would witness market growth of 7.2% CAGR during the forecast period (2021-2027).
The growing demand for Apple Cider Vinegar is majorly because of its advantages which have motivated new players to put high investment in the market with product differentiations regarding format, flavor, packaging, and others. In addition, the demand & growth of the product has been driven by the high penetration of eCommerce channels.
Factors such as increase in demand for apple cider vinegar from cosmetics as well as nutraceuticals market due to the several advantages provided by the apple cider vinegar like absorbing excessive oil from the skin, promoting weight loss and others are anticipated to unlock growth prospects for the overall apple cider vinegar market during the forecasting period.
The apple cider vinegar market in Europe is witnessing a promising growth due to the growing health consciousness among consumers and a strong economy. In addition, the older generation residing in this region is boosting the demand for functional drinks in order to overcome & reduce major health issues. Additionally, customers in Germany demand high-quality products that comprise organic and health & wellness food products.
Further, the industry of functional drinks is among the fastest growing in this region. The growth of the industry is owing to the shifting preferences of customers from carbonated soft drinks to functional drinks and large investments by popular food & beverage companies. Furthermore, a number of manufacturers are striving to include unique functional ingredients like zero-calorie sweeteners, flavors, and nutraceuticals in apple cider vinegar, which offer good taste and are also healthy for the human body.
The Germany market dominated the Europe Apple Cider Vinegar Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $95.3 million by 2027. The UK market is poised to grow at a CAGR of 6.4% during (2021 - 2027). Additionally, The France market would showcase a CAGR of 8% during (2021 - 2027).
Based on Nature, the market is segmented into Conventional and Organic. Based on Form, the market is segmented into Liquid and Other Form. Based on Distribution Channel, the market is segmented into Distribution Channel, Supermarket/Hypermarket, Online and Other Distribution Channel. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Apple Cider Vinegar Market Size will Hit $1,437.1 Million by 2027, at a CAGR of 8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include PepsiCo, Inc., The Kraft Heinz Company, Molson Coors Beverage Company, Bragg Live Food Products, LLC (Swander Pace Capital), Carl Kühne KG (GmbH & Co.), Manzana Products Co., Inc., NOW Foods, Inc., Mizkan Holdings Co., Ltd., Stonewall Kitchen, LLC, and White House Foods
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