The vinegar market in Spain stood at 101.51 million euros in 2023. Over the last two years, the market showed a gradual upward trend with a year-on-year variation of 10.56% in 2022 and 1.36% in 2023. Over the last five years, the market exhibited an average annual growth rate (CAGR) of approximately 2.37%. Forecasts indicate continuous growth, with values projected to reach 108.1 million euros by 2028, reflecting a forecasted five-year CAGR of 1% and total growth of 5.1%.
Future trends to watch for include:
- Increased consumer demand for organic and artisanal vinegar products.
- Emerging health benefits associated with vinegar driving consumer interest.
- Potential impact of economic fluctuations and consumer spending power on market growth.