The Asia Pacific Apple Cider Vinegar Market would witness market growth of 10.0% CAGR during the forecast period (2021-2027).
Apple cider vinegar has become crucial component in consumer’s skin and health care beauty routines, which would open new growth avenues for the personal care and cosmetics industry.
The customers purchasing attitude is influenced by the growing number of organic, non-GMO, and clean-label products. This has resulted in changing the customer preferences from beverages available in the market to functional drinks including the apple cider vinegar, thereby driving the growth of the apple cider vinegar market over the forthcoming years. Therefore, the manufacturers are increasingly utilizing natural, non-GMO, and clean label ingredients during the preparation of beverages like apple cider vinegar.
In Asia-Pacific, the apple cider vinegar market is witnessing a significant growth. The market growth in this region is attributed to the increasing demand from the younger generation, the hectic schedule of the rising urban middle-class population, the dearth of nutrients & energy among individuals, and the high availability of apple cider vinegar. In addition, the growing demand for the product from Japanese and Chinese markets is further driving the growth of the regional market. On the other hand, India is increasingly becoming a growing market across Asia-Pacific.
Moreover, the Chinese market is growing at a rapid pace, due to the launch of new products by domestic & international enterprises.
The China market dominated the Asia Pacific Apple Cider Vinegar Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $106.8 million by 2027. The Japan market is estimated to grow at a CAGR of 9% during (2021 - 2027). Additionally, The India market is showcasing a CAGR of 10.5% during (2021 - 2027).
Based on Nature, the market is segmented into Conventional and Organic. Based on Form, the market is segmented into Liquid and Other Form. Based on Distribution Channel, the market is segmented into Distribution Channel, Supermarket/Hypermarket, Online and Other Distribution Channel. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Apple Cider Vinegar Market is Projected to reach USD 1,437.1 Million by 2027, at a CAGR of 8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include PepsiCo, Inc., The Kraft Heinz Company, Molson Coors Beverage Company, Bragg Live Food Products, LLC (Swander Pace Capital), Carl Kühne KG (GmbH & Co.), Manzana Products Co., Inc., NOW Foods, Inc., Mizkan Holdings Co., Ltd., Stonewall Kitchen, LLC, and White House Foods
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