The vinegar market volume in France has exhibited significant growth over the past decade, starting from 117.09 million liters in 2013 to reaching 234.98 million liters by 2023. From 2021 to 2023, the year-on-year growth rates have slightly decreased compared to earlier years, with a 3.79% growth in 2021, followed by 3.69% in 2022, and 3.53% in 2023. The compound annual growth rate (CAGR) over the last five years stands at 4.08%. Looking ahead, forecasted data suggests a slower growth trend with a 5-year CAGR of 2.42%, expecting the market to reach 273.81 million liters by 2028.
Future trends to watch for:
- Increasing consumer interest in health and wellness products, which may drive demand for organic and specialty vinegars.
- Expansion in the application of vinegar in different culinary segments and other industries.
- Potential market saturation and price competitions affecting growth rates.