Acetic acid bacteria are a heterogeneous group of Gram‐negative, aerobic, rod‐shaped acidophilic bacteria known for a long time for their detrimental as well as beneficial role in fermented beverages and more recently as bacteria useful in many biotechnological processes. In the following sections, an overview of taxonomy, genome structure and metabolism has been described. Furthermore, recent investigations regarding biotechnological applications as well as food and beverage implications have been reported.