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Apple Cider Vinegar Market to reach 2.98 Billion at a CAGR of 7.57% -Says Stellar Market Research
More than half of consumers prefer the clean look and gentler flavor of filtered apple cider vinegar, which is processed to eliminate the mother (byproducts of fermentation). According to SMR, in 2022, around 60% of the residents in the United States opted to use filtered vinegar for household and cooking purposes. The growth of the segment is supported by its diverse applications, which go beyond culinary applications to include personal care and health supplements. The usage of filtered apple cider vinegar in a variety of health and wellness products, such as nutritional supplements and detox beverages, is another factor driving the market. Additionally, filtered apple cider vinegar is retail preferred, gaining popular shelf space in 72% of supermarkets thanks to its stylish packaging and consistent quality. The filtered apple cider vinegar segment is well-positioned to maintain its dominance as consumer interest in natural and functional components increases.
In 2023, North America , particularly the US has been the dominant region in the Apple Cider Vinegar market and is expected to continue its dominance during the forecast period. The market in the region driven by the increasing health consciousness of the population and a variety of culinary applications. According to the SMR Survey, more than 50% of adults in the US are aware of the health benefits, leading to the increase in demand for apple cider vinegar. Leading market players, including White House Foods and Bragg Live Food Products, Inc., take advantage of this awareness by diversifying their product offerings by advertising widely. For instance, Bragg has claimed a 20% rise in sales of its organic apple cider vinegar year over year. Additionally, North America's strong e-commerce infrastructure has made it possible for wider distribution and accessibility. The region has a strong agricultural base with the United States producing about 5.04 Million tons of apples in 2023 providing huge raw material for vinegar production. The apple cider vinegar market in North America is driven by innovations in product formulations such as flavored and functional apple cider vinegar varieties.
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Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems.
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