In 2023, Italy led the European sold production of vinegar and substitutes for vinegar obtained from acetic acid, with a significant value of 376.69 million Euros, followed by Germany and France. Among the countries, Italy, the United Kingdom, and Bulgaria witnessed considerable growth rates, with year-on-year variations of 8.01%, 7.18%, and 4.88%, respectively. Conversely, Slovakia, Serbia, and Hungary experienced declines. Estonia showed a significant rise of 23.55%, though from a relatively low base. The compound annual growth rate (CAGR) over the past five years varied, indicating diverse market dynamics.
Future trends to watch for include:
- Italy maintaining its dominance, possibly driven by high-quality vinegar production.
- Potential growth in Eastern European countries like Bulgaria and Estonia due to increased production capacity or innovation.
- Challenges in markets with declining trends, such as Slovakia and Hungary, where strategic adjustments might be required.
- Overall industry growth influenced by factors like health trends and demand for natural food additives.
Top countries in Sold Production of Vinegar and Substitutes for Vinegar Obtained from Acetic Acid by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 376,690,000 | 2023 | +3.68% | +8.01% | View data |
| 2 | 2 Germany | 131,790,000 | 2023 | +1.12% | +2.52% | View data |
| 3 | 3 France | 114,950,000 | 2023 | +0.96% | +4.6% | View data |
| 4 | 4 Spain | 95,406,000 | 2023 | +2.95% | +2.97% | View data |
| 5 | 5 United Kingdom | 75,632,000 | 2023 | +2.84% | +7.18% | View data |
| 6 | 6 Austria | 19,384,000 | 2023 | +2.22% | +1.22% | View data |
| 7 | 7 Poland | 16,693,000 | 2023 | +2.2% | +2.24% | View data |
| 8 | 8 Greece | 16,661,000 | 2023 | +1.9% | +4.04% | View data |
| 9 | 9 Portugal | 12,314,000 | 2023 | +2.56% | -2.65% | View data |
| 10 | 10 Romania | 9,707,700 | 2023 | +1.66% | +1.85% | View data |
