Global Balsamic Vinegar Market By Product Type (Dark Balsamic Vinegars and White Balsamic Vinegars), Flavor (Dark Balsamic Vinegar and White Balsamic Vinegar), Grade (Traditional Grade Balsamic Vinegar, Commercial Grade Balsamic Vinegar and Condiment Grade Balsamic Vinegar), Category (Organic and Conventional), Type of Wood for Aging (Oak, Chestnut, Mulberry and Others), Ageing (Aged, Semi-Aged and Matured), Applications (Salad Dressings, Desserts, Boiled Vegetables, Cheese, Soups, Marinades, Fruits, Lemonade, Meat Products and Others), Distribution Channel (Store-Based Retailing and Non-Store Retailing), End Use (Household and Commercial), – Industry Trends and Forecast to 2029
Market Analysis and Size
The growing preference for higher-end products encourages players to be creative in the overall flavour profile of various vinegars. Companies are heavily investing in research, which has increased the consumption of vinegar across a wide range of end-user industries. Furthermore, the emerging applications of balsamic vinegar in food, dietary supplements, and clinical nutrition have fuelled market growth.
Data Bridge Market Research analyses that the Balsamic Vinegar market was valued at USD 2.32 billion in 2021 and is expected to reach the value of USD 2.96 billion by 2029, at a CAGR of 3.1% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behaviour.
Market Definition
Balsamic vinegar is a deep dark brown, concentrated, and intensely flavoured vinegar made from unfermented grape juice that originated in Italy. It is available in two varieties: dark balsamic vinegar and white balsamic vinegar. It is known for having a distinct and bold flavour, as well as a tart aftertaste. The original balsamic vinegar is extremely expensive because it is aged for years in various barrels such as oak, chestnut, mulberry, and others.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Product Type (Dark Balsamic Vinegars and White Balsamic Vinegars), Flavor (Dark Balsamic Vinegar and White Balsamic Vinegar), Grade (Traditional Grade Balsamic Vinegar, Commercial Grade Balsamic Vinegar and Condiment Grade Balsamic Vinegar), Category (Organic and Conventional), Type of Wood for Aging (Oak, Chestnut, Mulberry and Others), Ageing (Aged, Semi-Aged and Matured), Applications (Salad Dressings, Desserts, Boiled Vegetables, Cheese, Soups, Marinades, Fruits, Lemonade, Meat Products and Others), Distribution Channel (Store-Based Retailing and Non-Store Retailing), End Use (Household and Commercial)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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De Nigris (Italy), Australian Vinegar (Australia), Bizen Chemical Co.LTD (Japan), Fleischmann's Vinegar Company (US), The Kraft Heinz Company (US), Mizkan America, Inc. (Japan), CASTLE FOOD. (US), Burg Groep B.V. (Netherlands), Aspall (UK), Shanxi Shuita Vinegar (China), Carl Kühne KG (Germany), Charbonneaux-Brabant (France), Eden Foods Inc. (US), Galletti S.p.A. (Italy), and Marukan Vinegar Inc. (US)
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Opportunities
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Balsamic Vinegar Market Dynamics
Drivers
- Rising consumers demand for high quality and luxurious food products
Organic balsamic vinegar is likely to be in higher demand among consumers due to its higher quality and prestige. Organic foods are grown without the use of synthetic pesticides, herbicides, chemical fertilizers, or other chemicals. Organic food demand has steadily increased in recent years due to increased interest in environmental sustainability and natural products.
- Growing demand from the various end user industries
Aside from that, balsamic vinegar is used in disinfectants, stain removers, antiperspirants, photographic materials, dyes, medicines, and hair conditioners due to its antimicrobial and antioxidant properties. Furthermore, farmers widely use wood vinegar to improve seed germination, soil enrichment, and root growth stimulation.
Opportunity
Manufacturers are looking to build larger vineyards in order to produce more quantity in response to rising demand. Consumers are willing to pay up to USD30 per bottle for authentic Italian balsamic vinegar; this pricing has created a lucrative market for companies in all sectors of the food industry.
Restraints
Raw material price fluctuations are expected to limit the growth of the balsamic vinegar market. A standard deviation from the mean is a term used in economics to describe the deviation of a quantity from an average rate of growth. In this case, any fluctuation in raw material prices will put a strain on balsamic vinegar production and consumption rates.
This balsamic vinegar market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the balsamic vinegar market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Balsamic Vinegar Market
The covid-19 pandemic caused a unique shift in demand dynamics, with consumers increasingly seeking immunity booster products to improve their health and appearance. Celebrities as well as other social media influencers and producers of the product, rave about purported health benefits of balsamic vinegar such as increased weight loss, better blood sugar control, and a stronger immune system, resulting in a spike in vinegar sales. Furthermore, more people staying at home for reasons such as work from home and other options led consumers to stay fit and focus more on their physical wellbeing.
Global Balsamic Vinegar Market Scope
The balsamic vinegar market is segmented on the basis of product type, flavour, grade, category, type of wood for aging, ageing, applications, distribution channel and end use. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product type
- Dark Balsamic Vinegars
- White Balsamic Vinegars
Flavour
- Dark Balsamic Vinegar
- White Balsamic Vinegar
Grade
- Traditional Grade Balsamic Vinegar
- Commercial Grade Balsamic Vinegar
- Condiment Grade Balsamic Vinegar
Category
- Organic
- Conventional
Wood for ageing
- Oak
- Chestnut
- Mulberry
- Others
Ageing
- Aged
- Semi-Aged
- Matured
Application
- Salad Dressings
- Desserts
- Boiled Vegetables
- Cheese
- Soups
- Marinades
- Fruits
- Lemonade
- Meat Products
- Others
Distribution channel
- Store-Based Retailing
- Non-Store Retailing
End user
- Household
- Commercial
Balsamic Vinegar Market Regional Analysis/Insights
The balsamic vinegar market is analysed and market size insights and trends are provided by country, product type, flavour, grade, category, type of wood for aging, ageing, applications, distribution channel and end use as referenced above.
The countries covered in the balsamic vinegar market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Due to the increased demand for balsamic vinegar and increased adoption of multi-cuisine food, the dark balsamic vinegars segment in China is expected to grow at the fastest rate during the forecast period of 2021 to 2028. The dark balsamic vinegars segment in the United States is expected to dominate the balsamic vinegar market due to rising consumer demand for authentic Italian food products. Due to increased availability of raw materials for the production of balsamic vinegar, Germany is expected to lead the growth of the balsamic vinegar market for dark balsamic vinegars.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Balsamic Vinegar Market Share Analysis
The balsamic vinegar market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to balsamic vinegar market.
Some of the major players operating in the balsamic vinegar market are:
- De Nigris (Italy)
- Australian Vinegar (Australia)
- Bizen Chemical Co.LTD (Japan)
- Fleischmann's Vinegar Company (US)
- The Kraft Heinz Company (US)
- Mizkan America, Inc. (Japan)
- CASTLE FOOD. (US)
- Burg Groep B.V. (Netherlands)
- Aspall (UK)
- Shanxi Shuita Vinegar (China)
- Carl Kühne KG (Germany)
- Charbonneaux-Brabant (France)
- Eden Foods Inc. (US)
- Galletti S.p.A. (Italy)
- Marukan Vinegar Inc. (US)
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