Balsamic Vinegar Market Scope
Balsamic vinegar, sometimes it is shortened to balsamic, is a very dark in colour, intensely flavoured and concentrated vinegar which is originating in Italy. It is made partially or wholly from the grape. While grape must is basically a freshly crushed grape juice with all the seeds, skins, and stems. The market of balsamic vinegar is growing due to growing awareness about health conscious. Balsamic vinegar is known for its potential health benefits. It is rich in antioxidants, which help protect the body against free radicals. Balsamic vinegar may also have anti-inflammatory properties, aid digestion, and contribute to healthy blood sugar control when consumed in moderation
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Kerry Group (Ireland), Burg Groep B.V. (Netherlands), Shanxi Mature Vinegar Group (China), LEE KUM KEE (Hong Kong), Qianhe Condiment and Food Co., Ltd. (China), Fontanara (Italy), Aceto Scaligero (Italy), Varvello (Italy), CARANDINI (Italy) and Acetaia Montale Rangone (Italy) |
CAGR | % |
The market is fragmented by key vendors who are focusing on production technologies, improving efficiency and shelf life. Growth opportunities can be captured by tracking the ongoing process improvement and financial flexibility to invest in optimal strategies
Kerry Group (Ireland), Burg Groep B.V. (Netherlands), Shanxi Mature Vinegar Group (China), LEE KUM KEE (Hong Kong), Qianhe Condiment and Food Co., Ltd. (China), Fontanara (Italy), Aceto Scaligero (Italy), Varvello (Italy), CARANDINI (Italy) and Acetaia Montale Rangone (Italy) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Balsamic Vinegar market by Type , by Application (Household and Commercial) and Region with country level break-up.
On the basis of geography, the market of Balsamic 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).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
In October 2022, The Original Balsamic Week kicked off in Los Angeles. Working with more than 20 restaurant partners, we have given foodies and Italian lovers the opportunity to experience Modena's balsamic vinegar in a new and unexpected way. Each restaurant around the world and in Italy offers samples with the goal of educating diners about the food's history and organoleptic qualities.
In January 2021, Granarolo, an Italian company that sold assets outside of its core dairy business, announced the sale of its balsamic vinegar and condiment business, Fattorie Giacobazzi, to a local company.
Influencing Trend:
Continuous Product Launch with the Variety of Flavors and Organic and Gluten-Free Vinegar
Market Growth Drivers:
Increasing Number of Health Conscious People Worldwide and Growing Food Industry Worldwide
Challenges:
The Bacteria Cause Cloudiness, Disagreeable Mousy Flavour and Interfere With Acetic Acid Fermentation
Restraints:
Some People Could Be Allergic To the Rice Vinegar
Opportunities:
The Emerging Demand from Developing Nations
Key Target Audience
Balsamic Vinegar Manufacturers, Raw Material Suppliers, Balsamic Vinegar Traders/Distributors, Balsamic Vinegar Importer/Exporter, Regulatory bodies & government bodies, Industry Association and End Users