Cider Market Overview, Regional Analysis, Share and Competitive Analysis
Cider Market Overview:
The global Cider
Market Size was valued at $2.48 Billion in 2023 and is projected
to reach $9.52 Billion by 2032, registering a CAGR of 18.30% by 2032.
The COVID-19 pandemic moderately impacted the global cider
market. The supply chain disruption due to trade and lockdown restrictions
harmed the market. On the other hand, the rise in penetration of online sales
channels positively impacted the market. People were able to buy products
through the e-commerce sales channel, which resulted in significant
opportunities for the market's growth.
Cider is a low alcohol drink produced by partial or complete
fermentation of apple, pear, and other fruit juices. The alcoholic content of
the beverages that are preferred by most of the target audience ranges from
1.2% to 8.5% alcohol. Moreover, ciders can be still or carbonated based on
secondary fermentation and carbon dioxide injection. Currently, the market
registers the highest growth rates compared to other alcoholic drinks in
different regions globally.
Regional Analysis:
Region-wise, Europe dominated the market with the largest
cider market share during the forecast period. Ciders and their different
varieties are the most common alcoholic drinks in Europe, especially in the UK.
The preference for different flavors of ciders changes with different
geographical locations. However, most of the European countries have a colder
climate, which makes the consumption of alcoholic beverages a common trend. The
changes in the market structure have led to a proliferation of a large number
of microbreweries, which has fulfilled the demand for craft ciders rather than
their mass-produced counterparts. Some of the common ciders in different
European countries include Cidre (Bouché), Apfelwein, Sidra, Flavoured Cidre,
Perry, and other flavored and traditional counterparts.
Market Segmentations:
According to the global Cider
Market Overview analysis, the global market is segmented based
on type, distribution channel, packaging, and region. The market is classified
into apple-flavored, fruit-flavored, and perry based on type. The market is
segmented into the draught, cans, glass bottles, plastic bottles, and others
based on packaging. Based on the distribution channel, it is categorized into
on-trade and off-trade. The off-trade segment is further divided into
supermarkets & hypermarkets, specialist retailers, convenience stores, and
others globally. Based on region, the market is analyzed across its functions
undertaken in regions like North America, Europe, Asia-Pacific, and LAMEA.
Key Players:
Some players in the market are as follows:
● Anheuser-Busch Companies LLC
● The Boston Beer Company
● Asahi Premium Beverages
● Heineken UK Limited
● Aston Manor
● Halewood
● C&C Group plc
● Distell
Industry News:
The fruit-flavoured segment of the cider market is the most
lucrative in the global cider market, owing to the varieties available and
innovations done by different manufacturers to attract customers. Moreover,
people are increasing their concern about their health and prefer low alcohol
& gluten-free beverages, which augments the demand for cider in the global
market. Also, the presence of various popular brands such as Kopparberg,
Woodchuck, and Angry Orchard boosts the expansion of premium quality cider. The
global market is more concentrated in Europe and growing rapidly in North
America.
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