PUBLISHER: Allied Market Research | PRODUCT CODE: 1140347
PUBLISHER: Allied Market Research | PRODUCT CODE: 1140347
The global champagne vinegar market size was valued at $21.4 million in 2021, and is estimated to reach $31.0 million by 2031, registering a CAGR of 3.8% from 2022 to 2031.
Champagne vinegar is a variety of vinegar that is manufactured using the champagne as base. It has a unique taste and flavor, which is used in various dishes across the commercial foodservice units and households across the globe. The surging popularity of champagne vinegar in the hotels and restaurants owing to its unique taste and flavor that it adds to salads, fruit salsa, chicken, and other dishes is expected to drive the demand for the champagne vinegar market. There several health benefits of consuming vinegar such as healthy digestion, low cholesterol, improved skin health, and improved blood pressure, which is boosting the demand for the champagne vinegar as dressings and marinades in commercial and household kitchens across the globe. The rising number of HoReCa units across the developing economies is expected to have a significant impact on the growth of the global champagne vinegar market in the forthcoming years.
The surging penetration of social media and online cooking classes is a major factor that may have a significant and positive impact on the growth in the demand for the champagne vinegars in the household kitchens. The rising consumer expenditure on quality and healthy food and beverages is expected to boost the demand for the champagne vinegar. Moreover, the rising popularity of the organic champagne vinegar is expected to attract the attention of the consumers in markets like Europe and North America. Consumers in developed regions are well aware of the negative impacts of the chemical based food products on health and environment, which is a significant factor behind the rising demand for the organic champagne vinegar. According to U.S. Department of Agriculture in the year 2019, in India the organic food and beverages retail sales reached to $69.0 million and in 2020, the European organic food market increased by 15% to $52.5 billion. Germany and France remain the largest contributor and contributed 60% to the market share of organic food market in Europe.
However, the availability of huge number of substitutes in the market is a major hindering factor. The popularity of other variety of vinegars such as apple cider vinegar, balsamic vinegar, red wine vinegar, rice vinegar, and white distilled vinegar is significantly higher than that of champagne vinegar. The easy and wider availability of substitutes of the champagne vinegar may negatively impact the growth of the global champagne vinegar market.
According to the champagne vinegar market analysis, the market is segmented based on the type, application, distribution channel, champagne type, and region. On the basis of type, the market is divided into organic and conventional. Based on the application, the champagne vinegar market is categorized into household and commercial. The commercial segment is further segregated into restaurants, hotels, and other. Depending on the distribution channel, the market is segmented into offline and online. On the basis of champagne type, it is divided into pinot meunier, pinot noir, pinot gris, and others. Region-wise, the champagne vinegar market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major players operating in the global champagne vinegar market includes Antichi Colli Srl, Bellindora, Charbonneaux Brabant, Cibaria International, Classic Wines Vinegar, Evoolution, Fiore Artisan Olive Oil and Vinegar, Fleischmann's Vinegar, Hillstone Olive Oil, Kimberley Wine Vinegars, O Olive Oil and Vinegar, Olive Oil and Beyond, Sparrow Lane, Stonewall Kitchen, Wellspent Market.
Key Benefits For Stakeholders
Key Market Segments
By Type
By Application
By Distribution Channel
By Champagne Type
By Region