Vinegar Market in Latin America 2016-2020

Market overview of vinegar in Latin America

Technavio’s market research analyst predicts the vinegar market in Latin America to grow at a CAGR of more than 7% by 2020.  Vinegar contains essential nutrients that are necessary for digestion, energy production, and food metabolism. Growing interest in cooking various foreign cuisines has led to the purchase of different types of dressings, which comprise vinegar as an essential ingredient. Low prices, ease of use, and convenient packaging have boosted consumer interest in both vinegar and products containing vinegar as an ingredient. With new flavors and ingredients being used in sauces and dressings, the demand for vinegar will witness a massive increase in the coming years. Some of the popular vinegar flavors in Latin America are apple, herbs, and tarragon. Flavored vinegar is used to create new tastes, and each flavor is intended for different meat, produce, and cheese uses. Recently, Opemec has launched Pianello blueberry flavor under balsamic vinegar.

South America dominates the vinegar market in Latin America and is expected to occupy more than 93% of the overall market share by 2020. Vinegar is an important part of South American cuisine and is mainly used in making salad dressings. An important factor driving the growth of vinegar products in the region is the increasing import and export of vinegar products. Brazil, Mexico, and Argentina are the highest revenue-generating countries in the South American vinegar market.

Competitive landscape and key vendors