Analyzing the non-wine vinegar market in the UK, we observe fluctuations and a general upward trend over the past decade. The market exhibited substantial growth from 2013 to 2023, where the value rose from 83.727 million euros to 133.69 million euros. Notably, there have been some years, like 2016, marked by a dip. However, the overall growth direction remains positive.
Recent trends show a slight deceleration in year-on-year growth: 3.05% in 2022, softening to 2.9% in 2023. Nonetheless, the five-year compound annual growth rate (CAGR) reflects solid growth, averaging 3.62% per year. Forecasts for 2024 and beyond anticipate continuous albeit modest expansion, with a forecasted 5-year CAGR of 1.97%, suggesting more stability in the market.
Future trends to watch for include a potential increase in consumer demand for organic and specialty vinegars, innovations in product formulations, and the impact of health-conscious trends on market growth.
