Low alcoholic beverages are now gaining traction, which is driving the Cider Market
The Cider Market size is estimated to be $17.6 billion by 2030 growing at a CAGR of 4.6% over the forecast period of 2024-2030. Cider, a beloved fermented beverage made from apples, has seen a resurgence in popularity in recent years, both domestically and internationally. This resurgence is primarily driven by shifting consumer preferences towards craft and artisanal beverages, as well as an increasing demand for gluten-free alternatives. The cider market has thus experienced steady growth, with a diverse range of offerings catering to various tastes and preferences. One notable trend in the cider market is the rise of flavored and innovative blends. While traditional apple cider remains popular, consumers are increasingly seeking out unique flavor combinations, such as pear, berry, and even botanical infusions. This trend reflects a broader shift towards experimentation and customization in the beverage industry, with cider producers striving to differentiate their offerings in an increasingly crowded market. Moreover, the cider market has witnessed significant expansion beyond its traditional strongholds in regions like Western Europe and North America. Emerging markets in Asia-Pacific and Latin America are experiencing growing demand for cider, driven by urbanization, rising disposable incomes, and evolving consumer palates. This presents lucrative opportunities for both established cider brands and new entrants looking to tap into these burgeoning markets.
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Cider Market Current and Future Trends:
Flavor Innovation: Consumers are increasingly seeking unique and diverse flavor experiences. As a result, cider producers are innovating with new flavor profiles, including exotic fruits, botanicals, and spice blends. Future trends may see even more adventurous flavor combinations to cater to adventurous palates.
Health and Wellness: With growing awareness of health-conscious consumption, there’s a trend towards lower sugar and calorie options in the cider market. Producers are introducing more ‘light’ or ‘dry’ cider varieties to meet this demand. Additionally, there’s a rising interest in organic and natural ingredients, leading to an increase in organic cider offerings.
Craft and Artisanal Ciders: Similar to the craft beer movement, there’s a rising demand for artisanal and craft ciders. Consumers are seeking locally produced, small-batch ciders made from high-quality, hand-picked ingredients. This trend is expected to continue, with consumers valuing authenticity and unique production methods.
Sustainability: Environmental consciousness is becoming a significant factor in consumer purchasing decisions. Cider producers are increasingly focusing on sustainable practices, such as using recyclable packaging, reducing water usage, and supporting local orchards. Future trends may see even more emphasis on sustainability, with some producers adopting regenerative agriculture practices.
Premiumization: As consumers become more discerning, there’s a trend towards premiumization within the cider market. This involves the introduction of higher-priced, premium-quality ciders that offer unique flavors, craftsmanship, and branding. This trend is likely to continue, with consumers willing to pay more for premium and luxury cider experiences.
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Cider Market Report – Scope:
The Cider Market has been segmented By Product Type, Packaging Type, Source, Flavour, Distribution Channel and geography. The report provides insights into the market dynamics, including market drivers and challenges.
Cider Market with top country data and analysis. The report also highlights the market potential, growth rates, and alternative relevant statistics.
The competitive landscape section features company profiles of major players such as Asahi Premium Beverages, Aston Manor, and C&C Group plc. This report is a valuable source of guidance and direction for companies and individuals interested in the Cider Market.
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The top 10 players in the Cider industry are:
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