Global Vinegar Market will reach 12492.27 million US$ by the end of 2023

Publisher: QYResearch

Published Date: 2019/5/7

With the improvement of residents' living standards and consumption levels and the improvement of eating habits, consumers' demand for vinegar products is increasing. The vinegar products will no longer be limited to traditional catering, and vinegar products will be more and more.

Global Vinegar has stable expanded in recent years. World consumption of Vinegar has also recently increased significantly. During the forecast period, 2017-2023, the global Vinegar market is poised to grow at a CAGR of 6.85% in terms of value. By the end of 2023, more than 11231.03 K MT of vinegar will be sold across the globe, according to the study findings.

In 2017, the CR5 of vinegar industry sales was less than 20%, the market concentration is still at a low level, and industry concentration needs to be improved. The vinegar industry is a fully competitive market. On the one hand, there are many vinegar production enterprises. There is no individual enterprise that can form an absolute monopoly or control over the market. The production of vinegar production enterprises is generally based on the sales of downstream distributors and supermarkets. The needs of the channel are constrained.

In general, the future development of the vinegar industry is still very large. The vinegar industry should conform to the market development and direction, and make timely adjustments and follow-ups in order to achieve longer-term development.

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