Rice Vinegar Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI1535
Global Rice Vinegar Market size is anticipated to achieve significant gains between 2017 and 2024. Growth of the market is attributed to the health benefits and desired food taste offered by the vinegar with its different types. Its major consumption is in food & beverage industry, and is consumed in small proportion in pharmaceutical industry.
Rice vinegar is extensively used as a cooking ingredient mainly in Asian cuisine. It is added to cold and hot recipes to enhance the flavour of vegetable dishes and meat. It also contains considerable proportion of acetic acid, that helps in boosting digestive system. Acetic acid also helps the body to soak maximum nutrients from the food. This results in increased absorption of vitamins, potassium and calcium from foods, that are beneficial to human health. These advantages offered by the product as a food ingredient is projected to boost rice vinegar market during the forecast period.
Rice vinegar is utilized as a food preservative in processed meat and poultry products. It is mild in nature as compared to western vinegar and can therefore be used to maintain food freshness and originality. It is also witnessing an increasing adoption as a preservative for culinary items such as sandwich spreads, salads, sauces, dips and dressing. Escalating demand of packaged food owing to fast paced lifestyle is propelling rice vinegar market for its preservative application.
Brown rice vinegar is consumed substantially in manufacturing antiseptic medicines. It is used in certain native medications as it eliminates detrimental bacteria with its contact and thus can be helpful in treating myriad health conditions. Another Japanese variant of rice vinegar prepared by brown rice fermentation provides protection to human liver from vital diseases such as liver tumours. It also possesses phenolic compounds that protects the body from diseases such as diabetes, osteoporosis, hear diseases and cancer. Mounting rate of these fatal diseases and growing consumer awareness regarding the health benefits of the product is likely to positively influence rice vinegar market in the forecast timeframe.
Rice vinegar, with its amino acid content curbs the formation of lactic acid in human blood. Development of lactic acid in human body results in fatigue, irritability and stiffness. Further, amino acid fights with the damaging effect of free radicals which boosts immunity. Thus, rice vinegar intake keeps a person energetic and fresh throughout the day. It is also used as a non-chemical and natural substitute of facial toner. But there are cases registered of some people being allergic to these type of vinegars, this can hinder global rice vinegar market.
Based on product type, the market is segmented as red rice vinegar, black rice vinegar, brown rice vinegar, and white rice vinegar. As per the distribution channel, the market is classified as online retailing, grocery stores, specialty stores, convenience stores and hypermarket/ supermarkets. On the basis of end-user industry, the market is divided into food & beverages, pharmaceutical, and healthcare. Various applications of the product include food preservative, facial toner, antiseptic medicines, and food ingredient.
North America had witnessed significant growth in global rice vinegar market during last decade owing to increasing food consumption at nearly 5% annually. Canada’s specialty food retail sales in 2009 was USD 4.5 million, a 35% increase from 2004 sales. U.S. launched 1500 new specialty food products in 2010 and the market size was estimated at around USD 63 billion. This in turn has given a positive outlook to the market due to consumption of the product as a food ingredient. Europe has a healthy market of frozen meat products such as pork, lamb and beef. Germany is contributing substantially in packed food market and ready to eat food products that uses rice vinegar as a preservative. These factors ensure considerable market share of the region between 2017 and 2024. Middle East & Africa are at a nascent stage in rice vinegar market but flourishing tourism in Dubai is expected to fuel packed food consumption in the country, leading to recognized contribution of the region in global rice vinegar market.
Prominent manufacturers in the market include Eden Foods, Inc., PANOS brands, KIKKOMAN SALES USA, INC., Sid Wainer & Sons, Mizkan America, Inc., Lim Siang Huat Pte Ltd, Marukan Vinegar (U.S.A) Inc., Yokoi Vinegar Brewing Co Ltd, Yantai Shinho Enterprise Food Co Ltd, Ningbo Zuo Can Wang Seasoning Co., Ltd.
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