Global Traditional Balsamic Vinegar Market – Industry Trends and Forecast to 2029

Global Traditional Balsamic Vinegar Market, By Type (Traditional Balsamic Vinegar of Modena, Traditional Balsamic Vinegar of Reggio Emilia, Balsamic Vinegar of Modena), Flavour (Sweet, Sour), Usage (Salad Dressings, Marinades, Sauces), Application (Household, Commercial), Distribution Channel (Hypermarket/Supermarket, Convenience Stores, Specialty Stores, Grocery Stores, Online Retailing) – Industry Trends and Forecast to 2029.

Traditional Balsamic Vinegar Market Analysis and Size

As vinegar is used to keep various food items fresh and nutritious over long period of time, this trend is strengthening the growth of the traditional balsamic vinegar market over the forecast period. Moreover, a significant demand for ready-to-eat food products has been witnessed due to certain factors such as changing dietary habits, rising disposable incomes and busy schedules, actively supporting the market growth. 

Data Bridge Market Research analyses that the traditional balsamic vinegar market was valued at USD 1.30 billion in 2021 and is expected to reach the value of USD 2.17 billion by 2029, at a CAGR of 6.60% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Traditional Balsamic Vinegar Market Scope and Segmentation

Market Definition

Traditional balsamic vinegar is a rich and concentrated balsamic vinegar prepared by using certain traditional methods. It is glossy, vicious and dark brown and has a velvety texture on the tongue sold in wax-sealed bottles with unique identifying numbers. It is used in the process of cooking, preservation of food and related products, meat, fish products and desserts. The rise in the demand of traditional balsamic vinegar in the food industry is driving the growth of the market.

Global Traditional Balsamic Vinegar Market Dynamics

Drivers

• Growing demands of traditional balsamic vinegar among end-users

The consumer preferences as seen an increased demands for balsamic vinegar in various end-user industries. With an increasing demand the manufacturers are looking for building larger vineyards in order to produce more and wide ranges of traditional balsamic vinegar. The rise in the prices for the traditional balsamic vinegar as increased because of its enhanced properties, which is fuelling the growth of the traditional balsamic vinegar market.

• Rise in demands among consumers

The rise in the demands for the traditional balsamic vinegar among the consumers can be seen due to the higher quality and more prestige. Organic foods are produced without the use of artificial pesticides, herbicides, chemical fertilisers and other synthetic substances. The demands for the organic foods has risen steadily recently, which is fuelling the growth of the market.

Opportunity

The consumer preferences has seen an increased demands for balsamic vinegar in various end-user industries and growing awareness regarding the health benefits of balsamic vinegar among consumers has created a lucrative opportunities for the traditional balsamic vinegar market.

Additionally, the rise in the use of the traditional balsamic vinegar due to its enhanced qualities and nutritious value is also a factor projected to show growth opportunities for the market.

Restraints

The fluctuating prices of the raw materials is expected to restrain the growth of the traditional balsamic vinegar market and will act as major restraint on the growth of market in the forecast period. Any fluctuation in the price of the raw materials will directly affect the production and consumption rates and overall market.

This traditional balsamic vinegar market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the traditional balsamic vinegar market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Traditional Balsamic Vinegar Market

The ramifications of COVID-19 continue to reverberate throughout the global ecosystem. This is because severe restrictions that were imposed for the majority of the year 2020. Furthermore, due to the uncertainty of the situation, several end-user industries suffered because of the raw materials and the supply chain units were affected badly and varied from sector to sector. The food and beverages industries gained growth in the pandemic as the huge demands for the organic food supplements were raised due to the growing awareness regarding health benefits. These factors are driving the market growth during the forecasted period as the situation improves. Moreover, the rise in the use of the traditional balsamic vinegar due to its enhanced qualities and nutritious value is also a factor projected to show growth opportunities for the market. 

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

• In February 2022, Scarlets has happily announced its partnership with iPRO. The partnership will look into iPRO supplying their healthy isotonic iPRO Sport Edition product line to women, age-grade, and senior teams, as well as recyclable hardware to reduce the use of single-use plastic water bottles.
• November 2021- Coca-Cola has announced a landmark acquisition that will significantly expand the beverage giant's presence in the sports drink market. The company announced the purchase of the remaining 85 percent stake in BodyArmor for USD5.6 billion. It is the largest acquisition in the company's history. Coca-Cola purchased a 15% stake in the company in 2018.

Global Traditional Balsamic Vinegar Market Scope

The traditional balsamic vinegar market is segmented on the basis of type, flavour, usage, application and distribution channel. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Traditional Balsamic Vinegar of Modena
• Traditional Balsamic Vinegar of Reggio Emilia
• Balsamic Vinegar of Modena

Flavour

• Sweet
• Sour

Usage

• Salad Dressings
• Marinades
• Sauces

Application

• Household
• Commercial

Distribution Channel

• Hypermarket/Supermarket
• Convenience Stores
• Specialty Stores
• Grocery Stores
• Online Retailing

Global Traditional Balsamic Vinegar Market Regional Analysis/Insights

The traditional balsamic vinegar market is analysed and market size insights and trends are provided by type, flavour, usage, application and distribution channel as referenced above.

The countries covered in the traditional balsamic vinegar market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Europe dominates the traditional balsamic vinegar market during the forecasted period because of the growing popularity of commercialization within the region. Moreover, increasing demand for premium vinegar products from emerging countries such as Italy within the region is creating a significant growth factor for the market within the region.

Asia-Pacific will be the growing region over then forecast period of 20022-2029 due to the rising demands of the traditional balsamic vinegar and growing awareness regarding the health benefits of balsamic vinegar.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Traditional Balsamic Vinegar Market Share Analysis

The traditional balsamic vinegar market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to traditional balsamic vinegar market.

Some of the major players operating in the traditional balsamic vinegar market are:

• Kerry Group plc. (Ireland)
• The Burg B.V. (Netherlands)
• Lee Kum Kee. (Hong Kong)
• qianhefood.com. (China)
• Fontanara S.r.l. (Italy)
• aceto scaligero (Italy)
• Shanxi Shuita Vinegar Co., Ltd. (China)
• The Kraft Heinz Company. (U.S.)
• PONTI S.p.A. (Italy)
• Fischerauer Feinstes GmbH (Austria)
• Mizkan Holdings Co., Ltd. (Japan)
• Lehmann Food Ingredients.(U.K.)
• Porta Hermanos S.A. (Argentina)
• Acetificio Varvello S.r.l. (Italy)
• Acetaia Montale Rangone Srl (Italy)
• Acetum (Italy)
• Monari Federzoni SpA (Italy)