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 alc...