In 2023, the non-wine vinegar market in Spain stood at 28.05 million Euros. Over the last two years, the market witnessed year-on-year variations of 5.34% in 2022 and 4.97% in 2023. From 2020 to 2024, the industry has experienced a compound annual growth rate (CAGR) of 2.51%. Historically, the market saw significant growth from 2013 to 2019 with some fluctuations, especially during 2020-2021, but it has stabilized recently. Forecast data from 2024 predicts the market will continue growing, reaching 34.487 million Euros by 2028, with a 5-year CAGR of 3.27%.
Future trends to watch for include:
- The impact of health and wellness trends driving demand for vinegar as a natural product.
- Potential innovations and new product launches in non-wine vinegar variants.
- Market shifts due to consumer preferences shifting towards organic and sustainable products.
- The influence of economic factors such as inflation and disposable income on consumer purchasing behavior.
