The sold production of vinegar and substitutes for vinegar in Italy fluctuated significantly over the past decade. Notable variations include substantial increases in years like 2016 and 2021, and sharp declines as seen in 2014 and 2018. By 2023, production stood at 278.37 million liters, marking a 6.07% year-on-year increase from 2022. Over the last two years, there has been considerable fluctuation, including a 9.38% decrease in 2022 followed by the recent increase in 2023. With a 2023-2028 forecast CAGR of 3.87%, the industry is expected to grow steadily at an average annual rate of 3.87%.
Future trends to watch for include:
- Market consolidation as major players aim to increase market share.
- Innovation in product variants and packaging to cater to evolving consumer preferences.
- Potential impacts of economic factors and policies influencing production costs and demand.