In 2023, the import of vinegar and substitutes for vinegar from acetic acid to China stood at a significant breakthrough point. From 2024, the forecast indicates a steady increase in volume, with an anticipated growth from 12.136 million kilograms in 2024 to 13.979 million kilograms by 2028. This presents a gradual year-on-year growth, with an average annual growth (CAGR) hinting at positive expansion in the sector over the next five years.
Key factors and trends to observe in the future include:
- Increased demand for healthier food options that could drive vinegar substitutions.
- Potential governmental regulations impacting acetic acid importation and its substitutes.
- Technological advancements affecting production processes and import efficiencies.