About the Vinegar Market in Latin America
Vinegar is a preservative and condiment produced by acetic acid bacteria, which act on dilute ethyl alcohol solutions derived from yeast fermentation. It is widely used in marinades and dressings. It helps to normalize the acid/alkaline balance in the blood. Vinegar helps breakdown calcium deposits in the joints and supplies minerals to the bone, providing relief to individuals suffering from arthritis. Based on type, the vinegar market can be segmented as white distilled vinegar, cider vinegar, and specialty vinegar.
Technavio’s analysts forecast the vinegar market in Latin America to grow at a CAGR of 7.75% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the vinegar market in Latin America for 2016-2020. To calculate the market size, the report considers the revenue generated through retail sales of vinegar in Latin America.
The market is divided into the following segments based on countries:
Technavio Announces the Publication of its Research Report – Vinegar Market in Latin America 2016-2020
Technavio recognizes the following companies as the key players in the vinegar market in Latin America: Acetificio Mengazzoli, Acetum, Kraft Heinz, and Ponti.
Other Prominent Vendors in the market are: Acetificio Marcello De Nigris, Aspall, Carl Kuhne, Castelo Alimentos, Charbonneaux-Brabant, Marukan Vinegar, Porta Hnos, Pristine, Productos Lux, Reinhart Foods, and Vinaigrerie Gingras.
Commenting on the report, an analyst from Technavio’s team said: “A trend which is helping boost market growth is the rising popularityof vinaigrettes. Vinaigrette is made by mixing oil such as olive oil, vegetable oil, and corn oil (to name a few) with vinegar or lemon juice. Furthermore, this mixture can be enhanced by adding spices, herbs, or salt and is often used as salad dressing and marinade. In Northern France, it is made of cider vinegar and walnut oil and is used for making Belgian endive salad. Furthermore, small amounts of balsamic vinegar are added to simple vinaigrettes made of wine vinegar and olive oil to make balsamic vinaigrette.”
According to the report, a key growth driver is the introduction of new flavors. A major growth factor of the vinegar market in Latin America is the introduction of new flavored vinegars by the vendors. Some of the popular flavors in Latin America are apple, herbs, and tarragon. Flavored vinegars are used to create new tastes and each flavor is intended for different meat, produce, and cheese uses.
Further, the report states that one challenge that could hamper market growth is the contamination of raw materials.
Acetificio Mengazzoli, Acetum, Kraft Heinz, Ponti, Acetificio Marcello De Nigris, Aspall, Carl Kuhne, Castelo Alimentos, Charbonneaux-Brabant, Marukan Vinegar, Porta Hnos, Pristine, Productos Lux, Reinhart Foods, Vinaigrerie Gingras.
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