New York, NY -- (SBWIRE) -- 10/31/2017 -- In terms of volume, the global dressing vinegar and condiments markets are anticipated to expand at a CAGR of 4.7% and 2.1% respectively during the forecast period, and are expected to reach 165,977.4 MT and 147,694.7 MT respectively by 2024 end. All the product type segments in the global dressing vinegar and condiments markets are expected to expand at a significant CAGR over the forecast period 2016-2024.

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Global Dressing Vinegar Market Analysis and Forecast, By Type, 2016–2024

In 2015, the balsamic vinegar market segment was pegged at 36,710.5 MT and was estimated to reach 38,099.9 MT by 2016 end, reflecting a Y-o-Y growth rate of 3.8%. The market is expected to reach 54,771.9 MT by the end of 2024, registering a CAGR of 4.6 % in terms of volume over the forecast period.

In 2015, the apple cider vinegar market segment was pegged at 8,685.6 MT and was estimated to reach 9,061.3 MT by 2016 end, reflecting a Y-o-Y growth rate of 4.3%. The market is expected to reach 13,426.6 MT by the end of 2024, registering a CAGR of 5.0 % in terms of volume over the forecast period.

In 2015, the white wine vinegar market segment was pegged at 9,672.8 MT and was estimated to reach 10,046.0 MT by 2016 end, reflecting a Y-o-Y growth rate of 3.9%. The market is expected to reach 14,296.6 MT by the end of 2024, registering a CAGR of 4.5% in terms of volume over the forecast period.

In 2015, the rice vinegar market segment was pegged at 4,903.6 MT and was estimated to reach 5,112.4 MT by 2016 end, reflecting a Y-o-Y growth rate of 4.3%. The market is expected to reach 7,539.4 MT by the end of 2024, registering a CAGR of 5.0 % in terms of volume over the forecast period.

In 2015, the red wine vinegar market segment was pegged at 21,078.2 MT and was estimated to reach 21,941.2 MT by 2016 end, reflecting a Y-o-Y growth rate of 4.1%. The market is expected to reach 31,720.0 MT by the end of 2024, registering a CAGR of 4.7% in terms of volume over the forecast period.

In 2015, the malt vinegar market segment was pegged at 5,588.1 MT and was estimated to reach 5,821.1 MT by 2016 end, reflecting a Y-o-Y growth rate of 4.9%. The market is expected to reach 8,540.7 MT by the end of 2024, registering a CAGR of 5.5% in terms of volume over the forecast period.

Global Dressing Vinegar Market Analysis and Forecast, By Region, 2016–2024

Increasing demand for dressing vinegar is anticipated to drive growth of the global dressing vinegar market. In 2015, the North America dressing vinegar market was pegged at 20,165.0 MT and was estimated to reach 20,875.7 MT by 2016 end, reflecting a Y-o-Y growth rate of 3.5%. The balsamic vinegar segment is expected to remain the dominant segment in the North America dressing vinegar market over the forecast period. In 2015, total dressing vinegar consumption in Europe stood at 53,847.1 MT, which is expected to increase to 80,010.6 MT by 2024 end. Growing demand for vinegar owing to its associated health benefits is expected to drive the growth of the Europe dressing vinegar market during the period of assessment.

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Manufacturers are highlighting the health benefits associated with the consumption of vinegar in Europe

The vinegar market is growing in Europe due to a large base of end users and presence of a large number of local manufacturers in the region. Increasing consumer awareness about the various health benefits associated with the consumption of vinegar – such as lowering of blood sugar levels, weight management, and lowering of cholesterol levels is an emerging trend in the global market. Consumers in Europe are gradually becoming aware of the different types of vinegars such as apple cider vinegar, white wine vinegar and their associated health benefits.