Between 2013 and 2023, the Spanish wine vinegar market exhibited fluctuating trends. The year-on-year variation ranged from a significant decline of 4.83% in 2021 to a high increase of 11.93% in 2019. The compound annual growth rate (CAGR) over the last five years, leading up to 2023, was 0.69%. The market volume in 2023 stood at 72.953 million liters, reflecting a slight decrease from the previous year.
Looking ahead from 2024 to 2028, the market is forecasted to decline with a forecasted 5-year CAGR of -0.99%, resulting in an overall decrease of approximately 4.87% over this period. Key future trends to watch include:
- Shifts in consumer preferences towards alternative vinegars and condiment choices.
- Potential impacts of economic factors and policy regulations on production and sales.
- Technological advancements in production processes that may affect supply and cost.