The Latin America, Middle East and Africa Apple Cider Vinegar Market would witness market growth of 11.0% CAGR during the forecast period (2021-2027).
Manufacturers are exploring ways to enhance functional characteristics and taste of traditional apple cider vinegar by launching unique flavors. The emerging trend of launching unique ingredients, like green tea, walnuts, and ginger in apple cider vinegar is prevalent among the market due to the growing popularity of the specialty beverages with functional ingredients. These advancements in the apple cider vinegar market are in line with the well-established trends influencing the food & beverage industry, particularly the growing adoption of veganism and increase in consumer inclinations towards natural and clean label products.
The LAMEA apple cider vinegar market is anticipated to acquire strong growth in the forthcoming years. These drinks enhance digestive health due to which, this region is witnessing considerable growth in its demand. Apple cider vinegar is one of the functional drinks. Additionally, the factors such as improved gut health, a rising number of health-conscious customers, especially millennials, and massive availability of ready-to-drink products are directly associated with the growth of the regional market.
Moreover, apple cider vinegar is among the essential drinks that help in maintaining a healthy balance of intestinal bacteria and offer various health benefits like proper immune function, digestive health, and weight loss.
The Brazil market dominated the LAMEA Apple Cider Vinegar Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $37.2 million by 2027. The Argentina market is anticipated to grow at a CAGR of 11.6% during (2021 - 2027). Additionally, The UAE market is witnessing a CAGR of 10.7% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Apple Cider Vinegar Market is Predict to reach $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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