Cider Market Size, Scope 2022-2028
The global cider market size was valued at USD 4,743.5 million in 2021 and is expected to grow at a significant CAGR of 3.4% during the forecast period 2022 to 2028. In recent years, craft cider has firmly established itself as the beverage of choice for the millennial generation. Fresh-pressed fruit juice, primarily apple juice, is used to make craft cider, which is then fermented spontaneously with the addition of cider, wine, or sparkling wine yeasts to manage the process. Fermentation converts the fruit's natural sugar to alcohol (cider), which can then be aged or tailored to provide the ultimate flavour experience. Furthermore, when compared to commercial cider, craft cider is manufactured in smaller amounts, without the use of concentrates or chemicals, and uses less sugar. These are the main drivers of global craft cider demand, which has been boosted by changes in consumer behaviour.
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Hard and sweet ciders are gaining immense popularity among beer and wine enthusiasts looking for a new alternative to beer or wine, thanks to a lot of blogging and video uploading on the internet. In addition, unlike beer, cider has a refreshing character and a sweet flavour that appeals to the majority of female drinkers. Aside from that, the cider's low alcohol content as well as gluten-free status are appealing features that are driving up demand from health-conscious consumers. The rise of medium and small cideries is driving the cider market. These small businesses are primarily focused on traditional cider production, whereas larger businesses are more concerned with expanding their product portfolio. In recent years, more dry cider brands have appeared on shop shelves. Western Europe currently dominates the worldwide cider market, followed by Africa and North America. While the market in Asia and Latin America is still in its early stages, revenue is likely to grow in the future.
The global cider market segmentation:
- By Source: Organic, Conventional
- By Product Type: Hard, Sparkling, Sweet, Soft, Dry, Others
- By Flavor Type: Apple, Perry, Lemmon, Pear, Others
- By Packaging: Cans, Draught, Plastic Bottles, Glass Bottles, Others
- By Application: Cooking Ingredient, Beverages, Cocktails
- By Distribution Channel: Supermarkets and Hypermarkets, Online Stores, Specialty Stores, Others
Owing to the the nutritional benefits of cider, Asia Pacific is expected to rise due to the transition from beer to cider among health-conscious people. The market for fruit-flavored alcohol has exploded as a result of the growing trend of using fruit-sourced components in numerous product categories, particularly beverages. Apple and fruit-flavored ciders are in particularly high demand in countries like China and India.
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Some of the major key players in the Cider Market are Anheuser-Busch Companies LLC, Asahi Premium Beverages, Aston Manor, C&C Group Plc, Carlsberg Breweries A/S, Carlton & United Breweries (CUB), Distell, Halewood, Heineken UK Limited, The Boston Beer Company
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