PORTLAND, Ore., Nov. 15, 2021
Rise in number of health conscious consumers globally and increase in disposable income drive the growth of the global apple cider vinegar market.
PORTLAND, Ore., Nov. 15, 2021 /PRNewswire/ -- Allied Market Research published a report, titled, "Apple Cider Vinegar Market by Nature (Organic and Conventional), Form (Liquid and Others), Distribution Channel (Supermarket/Hypermarket, Specialty Store, Online Store, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030". According to the report, the global apple cider vinegar industry generated $838.9 million in 2020, and is anticipated to generate $1.81 billion by 2030, witnessing a CAGR of 8.1% from 2021 to 2030.
Prime determinants of growth
Rise in number of health conscious consumers globally and increase in disposable income drive the growth of the global apple cider vinegar market. However, lack of solar panel recycling infrastructure and problems associated with the recycling hinder the market growth to some extent. On the other hand, economies such as China, India, and the U.S. is presenting new opportunities in the coming years.
Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/12117
The conventional segment to maintain its leadership status throughout the forecast period
Based on nature, the conventional segment held the highest market share in 2020, accounting for more than 90% of the global apple cider vinegar market, and is estimated to maintain its leadership status throughout the forecast period, owing to maximum sale of conventional apple cider vinegar. Moreover, the organic segment is projected to manifest the highest CAGR of 9.6% from 2021 to 2030. This is because the key players in the market are increasingly adding organic apple cider in their product portfolio to cater health conscious consumers.
The supermarket/hypermarket segment to maintain its lead position during the forecast period
Based on distribution channel, the supermarket/hypermarket segment accounted for the largest share in 2020, contributing to more than one-thirds of the global apple cider vinegar market, and is projected to maintain its lead position during the forecast period. This is owing to surge in demand of high-end, healthy food & beverage products. However, the online store segment is expected to portray the largest CAGR of 9.4% from 2021 to 2030. This is attributed to easy availability of apple cider vinegar and benefits provided by the online portals such as information about functional attributes offered by the product, directions to use, easy payment options and others.
North America to maintain its dominance by 2030
Based on region, North America held the highest market share in terms of revenue in 2020, accounting for nearly two-fifths of the global apple cider vinegar market, owing to increase in per-capita consumption of fast foods. Moreover, the Asia-Pacific region is expected to witness the fastest CAGR of 10.2% from 2021 to 2030. This is attributed to rise in number population of working professionals who are willing to spend on these products that contributes in enhancing physical well-being.
For Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/12117
Leading Market Players:-
Avenue Basic Plan | Library Access | 1 Year Subscription |
Sign up for Avenue subscription to access more than 12,000+ company profiles and 2,000+ niche industry market research reports at $699 per month, per seat. For a year, the client needs to purchase minimum 2 seat plan.
Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter
Get more information: https://www.alliedmarketresearch.com/library-access
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
5933 NE Win Sivers Drive
#205, Portland, OR 97220
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research