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The global apple cider vinegar market size is projected to reach USD 789.37 million by 2028 owing to the increasing awareness regarding health benefits of the product, states Fortune Business Insights™ in its report, titled “Apple Cider Vinegar Market, 2021-2028”.
The report further states that the global market value was USD 561.57 million in 2020 and the market is expected to register a CAGR of 4.5% from 2021 to 2028.COVID-19 ImpactThe demand for apple cider vinegar has surged during the COVID-19 pandemic owing to its immunity-boosting health benefits.
Therefore, the year-on-year growth of the market was lower than in the previous years.Rising Awareness Regarding Health Benefits of ACV to Drive GrowthThe global food and beverages industry has witnessed a surging demand for healthy products that have high nutritional value.
ACV provides several health benefits including management of blood pressure and blood glucose management.
According to the Canadian Digestive Health Foundation, the nutrients found in ACV are similar to that of a whole apple minus the fibers.
Therefore, such health benefits are anticipated to enhance the demand for ACV.Presence of Key Players to Boost Demand in North AmericaNorth America is projected to lead the apple cider vinegar market share during the forecast period.
