Malt Vinegar Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026
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There are a variety of factors which are responsible for the current unstable position of the malt vinegar market, which is why the market is exhibiting a declining trend in terms of consumption. One of the several threats is that malt vinegar has very limited usage in the food industry. It is used in pickling and salad dressings, while its competing vinegar has a wide range of applications in the food industry. Also, the major end use sector driving the growth of the malt vinegar market is the fish and chips snack. However, declining popularity of fish and chips has led to a decline in the popularity of malt vinegar. The major setback for the malt vinegar market is evaluated to be the growth of the balsamic vinegar market. Balsamic vinegar has become trendier and more number of foodservice providers are promoting it which has led to a greater consumer penetration, as compared to malt vinegar.
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Global Malt Vinegar Market: Segmentation
The Malt Vinegar market is segmented on the basis of product type and end use.
On the basis of product type, the Malt Vinegar market is segmented as-
On the basis of end use, the Malt Vinegar market is segmented as-
Bakery & Confectionery
Seasonings, marinades & blends
Meat, poultry & seafood
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Global Malt Vinegar Market: Key Players
Some of the key players operating in the global Malt Vinegar market are H.J. Heinz Company, L.P, Mizkan Euro Ltd, Holland House Cooking Wines, Manor Vinegar, Ellsey’s, Reinhart Foods Ltd., Instant Trading Co. (Pty) Ltd. t/a Cecil Vinegar Works, Fleischmann's Vinegar Company, Inc., Hong Australia Corporation Pty Ltd., GCL Food Ingredients, Lehmann Food Ingredients Limited, Carolina Ingredients, OCTIM Vinegar, B.I Limited and Bremer Authentic Ingredients, amongst others.
Global Malt Vinegar Market: Key Takeaways
The major strategy adopted by the manufacturers is the marketing strategy. Understanding specific consumer sentiments with respect to malt vinegar and identifying consumers’ buying strategies have allowed manufacturers to achieve better consumer penetration. This also includes the launch of new malt vinegar products which have gained significant consumer attention.
For instance, in February 2016, the company Sarson’s malt vinegar, which operates as the subsidiary of Mizkan Euro Ltd, launched their malt vinegar with a revised packaging. The new packaging is directly aimed at gaining more consumer attention by rekindling their traditional sentiments and needs. The bottle is basically designed to illustrate the traditional relations of vinegar with fish and chips, which is a major snack. This strategy successfully enabled the company to strengthen its consumer base.
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