The wine vinegar market in Spain stood at 69.79 million Euros in 2023. The market has shown fluctuations over the past decade, with significant drops notably in 2015 and 2021, and periods of recovery like in 2016 and 2022. The year-on-year variation for 2023 was a slight decline of 0.11%. The Compound Annual Growth Rate (CAGR) has averaged out to minimal change, standing at -0.02% between 2019 and 2023.
Forecasts from 2024 to 2028 indicate a slight but steady decline, with the CAGR projected at -0.08%, and an overall growth rate decrease of 0.41%. This predictive trend suggests a stable yet decreasing market environment.
Future trends to watch for include potential shifts in consumer preferences towards organic and specialty vinegars, which could influence market dynamics and drive value growth despite the overall declining trend. Another focal point is market penetration and distribution changes, driven by e-commerce growth and new retail channels.
