The 2023-2028 World Outlook for Balsamic Vinegar

The 2023-2028 World Outlook for Balsamic Vinegar

This study covers the world outlook for balsamic vinegar across more than 190 countries. For each year reported, estimates are given for the latent demand, or potential industry earnings (P.I.E.), for the country in question (in millions of U.S. dollars), the percent share the country is of the region, and of the globe. These comparative benchmarks allow the reader to quickly gauge a country vis-à-vis others. Using econometric models which project fundamental economic dynamics within each country and across countries, latent demand estimates are created. This report does not discuss the specific players in the market serving the latent demand, nor specific details at the product level. The study also does not consider short-term cyclicalities that might affect realized sales. The study, therefore, is strategic in nature, taking an aggregate and long-run view, irrespective of the players or products involved.

This study covers balsamic vinegar as defined by the North American Industrial Classification system or NAICS (pronounced nakes).

The NAICS code for balsamic vinegar is 5221. It is for this definition that aggregate latent demand estimates are derived. Balsamic vinegar is specifically defined as follows:

5221 This industry group comprises establishments primarily engaged in accepting deposits (or share deposits) and in lending funds from these deposits. Within this group, industries are defined on the basis of differences in the types of deposit liabilities assumed and in the nature of the credit extended.

52211 See industry description for 522110.

52212 See industry description for 522120.

52213 See industry description for 522130.

52219 See industry description for 522190.

522110 This industry comprises establishments primarily engaged in accepting demand and other deposits and making commercial, industrial, and consumer loans. Commercial banks and branches of foreign banks are included in this industry.

522120 This U.S. industry comprises establishments primarily engaged in accepting time deposits, making mortgage and real estate loans, and investing in high-grade securities. Savings and loan associations and savings banks are included in this industry.

522130 This industry comprises establishments primarily engaged in accepting members' share deposits in cooperatives that are organized to offer consumer loans to their members.

522190 This industry comprises establishments primarily engaged in accepting deposits and lending funds (except commercial banking, savings institutions, and credit unions). Establishments known as industrial banks or Morris Plans and primarily engaged in accepting deposits, and private banks (i.e., unincorporated banks) are included in this industry.

5221101 Establishments primarily engaged in accepting deposits and granting withdrawals; making
commercial, institutional, and consumer loans; and providing other customer financial
transactions. These depository institutions are chartered by the Federal Government.