About Black Vinegar
Black vinegar is usually made by fermenting wheat, unpolished rice, millet, or sorghum. It is the most popular ingredient that is used in various food dishes and Asian cuisine and often used as condiments in Shushi. In countries like Japan and China, it is highly used in the form of a drink and as a part of their regular diet for getting all the benefits out of it. However, in Sichuan black vinegar is made from wheat bran and flavored with traditional medicinal spices while in Fujian it is made from glutinous rice and colored red by the infusion of a special fungus.
Attributes | Details |
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Study Period | 2019-2028 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Shanxi Shuita Vinegar (China), Zilin Vinegar Industry (China), Monari Federzoni (Italy) and Nanyang Sauce (Singapore) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Black Vinegar market by Type (Filtered and Unfiltered), Application (Cooking, Drink, Condiment and Health Products) and Region.
On the basis of geography, the market of Black Vinegar has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Black Vinegar market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-user, the sub-segment i.e. Residential will boost the Black Vinegar market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Consumption of Black Vinegar for Drinking and in Health Products Due to Various Health Benefits
Market Growth Drivers:
Increasing Use of Black Vinegar in Cooking Asian Food Dishes and As A Condiment to Add Sweetness and Acidity and The inclination of Consumers towards the Black Vinegar as It is Rich in Antioxidants and Reduce Damage to Cells
Challenges:
Availability of Other Vinegar and Substitutes in the Global Market
Restraints:
Like Other Types of Vinegar, Black Vinegar is Also Acidic That Can Cause Dental Damage
Opportunities:
Increased Adoption of Black Vinegar by Restaurants or Food Service Providers in China and Japan
Market Leaders and their expansionary development strategies
In April 2023, Colavita has acquired the Curation Foods, a O Olive Oil & Vinegar brand and business assets. in this acquisition expand thr growth of product line and companies growth.
In January 2023,Odyssey has launched Wu Yin Vinegars, a line of traditional vinegars that include both a traditional seasoned rice vinegar and the more elusive Taiwanese Black Vinegar, one of the most familiar flavors in the Taiwanese palate.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Black Vinegar Manufacturers, Suppliers and Distributors of Black Vinegar, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.