Industrial Fasteners Market Forecasts to 2028 – Global Analysis By Product Type (Aerospace Grade Fasteners, Internally threaded fasteners and Others), By Material Type (Plastic and Metal), By Distribution Channel (Direct Sales and Indirect Sales), By Appl

Industrial Fasteners Market Forecasts to 2028 – Global Analysis By Product Type (Aerospace Grade Fasteners, Internally threaded fasteners and Others), By Material Type (Plastic and Metal), By Distribution Channel (Direct Sales and Indirect Sales), By Application (Industrial Machinery, Lawns & Gardens and Others), By End User (Aerospace, Oil & Gas and Others) and Geography

According to Stratistics MRC, the Global Vinegar Market is accounted for $1.51 billion in 2022 and is expected to reach $2.46 billion by 2028 growing at a CAGR of 8.43% during the forecast period. A strong, acidic liquid known as vinegar is created by fermenting the ethanol found in beverages including wine, champagne, beer, distilled grain alcohol, and cider. Alongside flavourings including sugar, spices, fruit juices, and herb infusions, it also contains acetic acid, garlic acid, catechin, epicatechin, and caffeic acid. It is a rich source of potassium, magnesium, calcium, and phosphorus as well as vitamin B-1. Due to its antibacterial, antioxidant, and anti-diabetic qualities, it aids in weight loss, enhances heart health, and boosts nutritional absorption. As a result, it is frequently utilised as a preservative and taste enhancer in sauces, soups, and salad dressings.

According to 2015 WHO data, inadequate sanitation globally, has caused 280,000 diarrheal deaths annually. In addition to this, diseases such as Guinea Worm Disease, Buruli Ulcer, Trachoma, and schistosomiasis spread from lack of proper hygiene and sanitation practices in the house. According to Environmental Protection Agency (EPA), 62 chemicals found in these household cleaners are toxic and are unsafe to use. According to EPA, chemicals such as phthalates, perchloroethylene (PERC), triclosan, Quaternary ammonium compounds (QUATS), 2-Butoxyethanol, Ammonia, Chlorine, and Sodium hydroxide are commonly used in cleaners and are potential skin-irritant and can cause sore throat or asthma.

Market Dynamics:

Driver:

Growing awareness about the benefits

The market is expanding as a result of growing public awareness of vinegar's advantages in treating a number of health issues. In addition to many other benefits, vinegar helps to improve digestion, blood pressure, cholesterol levels, and the health of the skin. It also boosts the immune system. The market growth rate is also being boosted by research and development efforts being made to examine the health benefits of vinegar on the immune system.

Restraint:

Fluctuating prices and government rules

The price fluctuations and volatility of machinery and raw materials are a serious danger to the market's expansion. Furthermore, the growth of the market is being harmed by the inconsistent availability of raw materials in one specific location. It is anticipated that the high cost of research and development will limit market expansion. The expansion of the market may be hampered by the government's strict rules, the expensive nature of the product, and the widespread availability of alternatives.

Opportunity:

Upsurge in the public-private funding

Increased public-private funding for targeted research projects, lifestyle changes, rising diabetes rates, a noticeable increase in the demand for ready-to-eat meals and products, and rising product innovations and development due to global technological advancements will all create lucrative opportunities for market players during the forecast period. Further accelerating the market's growth rate in the future will be rising personal disposable income, increasing consumer demand for food items like salads, sandwiches, and more, and increased investment in gastronome cuisine and strong flavours.

Threat:

Health hazardous

Due to its high acidity, apple cider vinegar may irritate the throat. In a severe case, it can even result in oesophageal burns. According to one study, a lady who had an apple cider vinegar tablet lodged in her throat for around 30 minutes experienced pain, difficulty swallowing, and perhaps even damage to her oesophagus. The authors of the study came to the conclusion that acid burns may be caused by apple cider vinegar.

Covid-19 Impact

COVID-19 had an effect on a variety of manufacturing businesses since it caused workplace closures, supply chain disruptions, and transit limitations. Lockdown was implemented in this situation by a number of nations, including China, India, Brazil, and many others, which caused production and manufacturing facilities to stop operating. Since January 2020, the bread, liquor, and dairy industries as well as the food service business have seen a decline in sales, which has negatively impacted the market. The lockout during this time period negatively impacted the supply chains of various manufacturing facilities, as well as several global utilities, which caused a significant decline in revenues and earnings.

The white vinegar segment is expected to be the largest during the forecast period

The white vinegar segment is estimated to have a lucrative growth, due to its acetic acid content, including blood sugar control, weight management, decreased cholesterol, and antibacterial qualities. There are several real-world domestic uses for it, none of which include food. White vinegar is a good disinfectant and cleanser for a variety of surfaces and appliances since it possesses antibacterial qualities.

The cleaning industry segment is expected to have the highest CAGR during the forecast period

The cleaning industry segment is anticipated to witness the fastest CAGR growth during the forecast period, due to vinegar is a natural sterilizer, after meal preparation, it can clean and disinfect worktops. Add a few drops of Dawn soap to one part water and two parts vinegar to remove stubborn stains. Vinegar can help eliminate odours from counters, although granite or marble shouldn't be treated with it.

Region with highest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to alterations in consumer lives and tastes. Sales of vinegar have increased as a result of consumers' growing interest in using vinegar while preparing gourmet and ethnic foods due to the growth in health advantages linked with its usage. The non-GMO, gluten-free, organic, and vegan claims made on product labels have further fuelled industry expansion. Additionally, people prefer unfiltered vinegar since it retains the flavour and essence of the mother in its natural state. Market participants are encouraged to be creative with regard to the overall flavour profile of various types of vinegar as a result of consumers' growing appetite for more high-end products.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period, owing to the extensive variety of wine varieties in the area. It is either taken straight or added to salads and vegetables in these nations. Thus, these patterns of consumption are linked to a larger emphasis on their taste and quality. Like the Aceto Balsamico di Modena, some of the region's luxury goods are becoming more widely available. Its trade and consumption have both increased significantly.

Key players in the market

Some of the key players profiled in the Vinegar Market include Mizkan, Kraft Heinz Company, Bizen Chemical, Fleischmann's Vinegar, Aspall, Carbonell, Galletti, Carl Kuhne, Manor Vinegar, Australia & New Zealand Distillery, Burg Groep, Eden Foods, Castelo Alimentos, Jiangsu Hengshun Vinegar, Dabur India Ltd, Nature’s Truth

Key Developments:

In May 2020, Dabur India Ltd had launched its new “Dabur Himalayan Apple Cider Vinegar”. The product would be exclusively launched on Amazon India. This launch also indicated that the companies are expanding their reach via online channel in order to achieve greater customer base.

In March 2020, Nature’s Truth expanded gummies line up which includes apple cider vinegar, turmeric, melatonin, elderberry and collagen supplements in both traditional gelatine and pectin based gummies for vegans. These are naturally flavoured, free from chemical additives, gluten free, non-GMO and allergens.

Products Covered:
• Cider Vinegar
• Balsamic Vinegar
• White Vinegar
• Red Wine Vinegar
• Rice Vinegar
• Beer Vinegar
• Raisin Vinegar
• Others Products

Sources Covered:
• Synthetic
• Natural
• Other Sources

Flavors Covered:
• Raspberry
• Herbs
• Apple
• Garlic
• Lemon
• Fig
• Other Flavours

Distribution channels Covered:
• Speciality Stores
• Supermarkets and Hypermarkets
• Convenience Stores
• Online
• Other Distribution Channels

Applications Covered:
• Cleaning Industry
• Food and Beverages
• Healthcare Industry
• Agriculture Industry
• Other Applications

End Users Covered:
• Retail
• Institutional
• Other End Users

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements