The non-wine vinegar market in Spain has exhibited fluctuating growth over the past decade. Starting at 13.588 million euros in 2012, the market experienced steady increases until 2015, where a significant annual growth of 34.07% elevated the market value to 20.766 million euros. This marked the beginning of a robust growth period peaking at 29.179 million euros in 2019. A decline followed in 2020 and 2021, attributed to a market correction and possibly the impacts of global events. The market rebounded in 2022 with a modest growth rate of 5.92%, ending the year at 26.869 million euros. The Compound Annual Growth Rate (CAGR) for the last five years up to 2022 stands at 0.81%, indicating a slow but positive overall trend.
Future trends to watch for in this market include the rising consumer preference for organic and natural products, innovation in flavor and packaging, and the expanding applications of non-wine vinegar in various culinary and non-culinary sectors. The 2024 market will need to navigate economic fluctuations and changing consumer behaviors to maintain its resilience and growth trajectory.
How does Spain rank in Non Wine Vinegar Market Size Value?
| # | 8 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 201,690,000 | 2023 | +2.71% | +3.87% | View data |
| 2 | 2 United Kingdom | 133,690,000 | 2023 | +2.9% | +3.62% | View data |
| 3 | 3 Spain | 28,050,000 | 2023 | +4.97% | +0.4% | |
| 4 | 4 Poland | 15,224,000 | 2023 | -0.81% | -1.37% | View data |
| 5 | 5 Romania | 10,995,000 | 2023 | +3.58% | +3.04% | View data |
