The Global Cider Market size is estimated to be USD 12.74 billion in 2019 and is predicted to reach USD 23.69 billion by 2030 with a CAGR of 5.8% from 2020-2030. Cider is fermented apple juice, it has low alcohol content produced by partial fermentation of apple juices and pear juices and other fruit juices. The alcoholic content of the beverage ranges from 1.2% to 8.5% alcohol by volume (ABV). Moreover, ciders can be carbonated based upon secondary fermentation & carbon dioxide injection. Presently, the cider market is expected to forecast the highest growth rates as compared to other alcoholic drinks.
Market Dynamics and Trends:
The growing demand for cider is driven by rise in consumer preferences for low alcohol beverages during the forecast period. Low-alcohol beers and wines have gained increased popularity in many countries across the globe. Particularly in the UK and Germany, large supermarket chains, such as Tesco and Aldi, have launched reduced and dealcoholized wines to meet consumer demands is expected to fuel the market demand during the forecast period.
Growing demand for gluten-free drinks are expected to offer lucrative opportunity for cider manufacturer. The rising consumer awareness about various diseases such as obesity, diabetes, and other food intolerances is fuelling the demand for gluten-free beer. Higher number of health conscious population in regions such as North America and Europe is expected to fuel the demand for cider during the forecast period.
The major cider manufacturing companies are focusing on adopting new cider processing methods and technology as per the needs of the consumers, by developing and upgrading machinery. Also, increasing experimentation from the consumer side with flavor and cider blends is further expected help the market. Technological advancements such as the development of gluten-free beer is one of the noted trends in cider market. For instance, brewers are manufacturing gluten-free beers with conventional raw materials, such as barley and wheat. Companies such as Doehler have a patented technology which helps in manufacturing gluten-free beer that has a taste similar to traditional beer.
Major industry players have been investing heavily on research and development for developing better quality and low alcohol beers and wine that suites consumer preference and taste. Major players in the market offer all numerous types of cider which include bitter-sweet, bitter-sharp apple type. However, high sugar content in cider may hamper the cider market growth during the forecast period.
Market Segmentations and Scope of the Study:
The global cider market share is analyzed on the basis of product, distribution channel, packaging and geography. On the basis of product, the market is segmented into apple, still, sparkling, farmhouse, perry, and others. Based on packaging, the market has been segregated into draught, cans, glass bottles, plastic bottles, and others. According to the distribution channel, the market is classified into hypermarkets, supermarkets, specialty stores, and others. Geographic breakdown and in depth analysis of the above mentioned segments has been included for North America, Europe, Asia-Pacific, and Rest of the World.
The global cider industry is highly fragmented and competitive because of the presence of several local and global players like Anheuser-Busch Companies LLC and Aston Manor are prominent player in the market. Major vendors are capturing market shares by acquiring regional player or by providing private labeling. However, there is a plethora of local market players that have a considerable market share in developing regions due to their low cost. The prime focus of the cider companies is in the developing markets of Asia-Pacific and Latin America due to growing disposable income and large population size. Also, cider manufacturers are focused on the strategy of new product launch and brand mergers to gain market share.
Comprehensive competitive analysis and profiles of major market players such as 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, and The Boston Beer Company.
- This report entails the detailed quantitative analysis of the cider market and estimations through 2018-2030, which assists in identifying the prevailing market opportunities.
- Current and future cider market trends are outlined to determine the overall attractiveness and to single out profitable trends to gain a stronger foothold.
- The cider market report provides information regarding key drivers, restraints and opportunities with impact analysis.
- The projections in this report are made by analyzing the current trends and future market potential from 2018 to 2030 in terms of value and revenue.
- Porters Five Forces model and SWOT analysis of the industry illustrates the potency of the buyers & suppliers participating in the cider market.
- An in-depth analysis of current research and technology developments within cider market is provided with key market dynamic factors that helps in understanding the behavior of the market.
KEY MARKET SEGMENTS:
- Global Cider Market – By Product
- Apple Wine
- Global Cider Market – By Packaging
- Glass Bottles
- Plastic Bottles
- Global Cider Market – By Distribution Channel
- Specialty Stores
- Global Cider market – By Geography
- North America
- Latin America
- Middle East
- North America