Unfiltered Apple Cider Vinegar Continues High Traction Globally
Posted by Amy on June 19th, 2019
A recent study by Transparency Market Research (TMR) found that the apple cider vinegar market recorded positive growth, reaching US$ 836 million by 2018. The study estimates that the market will witness approximately 5% y-o-y in 2019, and attributes the potential rise in demand to the inextricable relationship between apple cider vinegar and the health & wellness trend.
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Consumers, with a critical approach towards their dietary intake, are preferring to purchase food products with health-benefiting properties and natural ingredients irrespective of their cost. TMR opines that natural health proponents will continue to remain the target consumer for stakeholders in the apple cider vinegar market. In addition, naturally occurring food products, such as apple cider vinegar, are not regulated by governing bodies, such as the United States Food and Drug Administration (FDA), which is likely to augur well for growth of the apple cider vinegar market in the coming years.
Consumer preference for clean label and organic ingredients has had a remarkable influence on the emerging trends in apple cider vinegar landscape. The TMR study opines that, though the demand for conventional apple cider vinegar is currently high, its organic variant will increase in popularity in the coming years, especially in developed regions, such as North America and Europe.
The study finds that the demand for organic apple cider vinegar is taking off in North America with its health halo drawing in health-conscious consumers. As the tenacity of concerns over lifestyle diseases, such as obesity and cardiovascular disorders, is on the rise, the popularity of apple cider vinegar is exploding in the United States (U.S.) for its health benefits and ‘superfood’ status.
TMR opines that, in 2019, North America will accounts for more than one-third revenue share of the apple cider vinegar market. Manufacturers are assiduous in the apple cider vinegar market in North America with the launch of organic and clean label products, despite the presence of stringent labeling regulations and high quality standards for organic products. However, notwithstanding the fact that not all rhetoric make it to becoming regulations or a governmental policy, the levels of ambiguity and skepticism are likely to increase significantly among foreign investors in the future.
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About the AuthorAmy
Joined: June 11th, 2019
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