The global vinegar market has experienced consistent growth over the recent decades, as vinegar remains popular among consumers for its usage in food flavoring and other applications. Italy, one of the world’s most famous vinegar — especially balsamic vinegar — producers and exporters, is expected to retain its leading position in the global vinegar market. Many major vinegar companies in Italy continue to be some of the major suppliers in the global market.
Vinegar is a sour-tasting liquid produced through the process of fermentation of dilute alcoholic liquids such as wine or cider. Due to its tangy taste and constituents such as vitamin B1, riboflavin as well as mineral salts, vinegar is widely used around the world as one of the most popular ingredients in today’s food flavoring, marinades, and dressings. Apart from being a food component for centuries, vinegar also exhibits various therapeutic properties as it helps to reduce cholesterol levels, control blood sugar levels, replace unhealthy sodium and combat diabetes, weight loss and cardiovascular diseases.
According to the latest report by Expert Market Research, the global vinegar market was valued at US$ 1.3 Billion in 2016 and is expected to reach a value of US$ 1.5 Billion by 2022. Rising demand for food products such as salads, sandwiches, and others coupled with an increased interest in bold flavors and gourmet cooking are some of the primary factors that are driving the global vinegar market’s growth over the next five years.
Based on the ingredients and production methods, vinegar can be categorized into different products types, such as balsamic vinegar, red wine vinegar, cider vinegar, rice vinegar, sherry vinegar, and others. Among all these sub-segments, balsamic vinegar accounts for the largest market share in the global vinegar market. Meanwhile, the red wine vinegar sector is expecting favorable growth over the next few years. Rising health awareness among the consumers regarding the consumption of red wine vinegar is expected to drive the red wine vinegar market’s growth in the future.
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Currently, Europe is dominating the global vinegar market in terms of vinegar production, exports, and consumption, representing a share of more than half of the total global vinegar market. Among the countries, Italy is the largest vinegar producer and exporter in the world, and balsamic vinegar is the most well-known vinegar from Italy.
According to a recent report from Italian vinegar association Consorziobalsamico, Italy produces about 90 million liters of balsamic vinegar every year, and over 90% of its total production would be exported to more than 120 countries in the world. The whole balsamic vinegar industry in Italy generates approximately 1.1 billion euros from production and exports annually, making balsamic vinegar one of Italy’s signature products in the global market.
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Vinegar suppliers in Italy are renowned around the world for the various types of vinegar they produce and the quantity in which those products are exported. Italy is the largest exporter of vinegar in 2016, with an export value of $278 million, while balsamic vinegar accounts for more than half of total vinegar export from the country. USA, Germany, France, United Kingdom, Switzerland and other European countries are some of the largest importing markets for Italian vinegar and related products, but over the recent years, China, Japan, and South Korea have seen significantly increasing their balsamic vinegar imports from Italy.
The prominence of the vinegar market in Italy has attracted a significant number of buyers and traders from all over the world. To help your vinegar business stay at the top of the industry, BizVibe provides the best solutions to source products and make business deals with the top vinegar suppliers in Italy. Don’t miss your chance to connect with the best industry suppliers, manufacturers, and companies on BizVibe.
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