Global Cider Market Anticipated to Witness a Notable CAGR During 2023-2032

January 2023, Market Research Future has published a Report on the Global Cider Market

Market Analysis

Global Cider Market size is projected to reach approximately USD 9.52 Billion by 2032, at a CAGR of 18.30% from 2023 to 2032.There is a burgeoning demand when it comes to alcoholic drinks all across the globe and more so due to the rising pubbing trends amid the younger population that has increased the cider consumption. Pear and apple ciders are always the best sellers but nonetheless today consumers are open to try different fruit flavors and also different combination. Cider made of apples is known as hard cider and those made of pears is known as Perry. Cider is a commonly consumed beverage made from apple juice that is fermented and is alcoholic in nature. In fact, specific apples are grown to prepare such cider beverages for giving the drink a specific taste and flavor. Owing to the content of fruit in cider, it offers antioxidants and vitamin C which means along with satiating the thistly needs, it is also beneficial for the health thereby making it more than merely a tasty tipple. The antioxidants present in cider can prevent aging, heart disease, and cancer. While vitamin C can strengthen the immune system, boost up the mood and also control asthma symptoms.

The latest trends of brew bars and pubs, coupled with the different health benefits that cider drinks offer has increased the sale of this beverage. The demand for gluten-free drinks on the rise and rising preference for beverages having low alcohol content are the key drivers that will contribute towards the global cider market growth during the forecast period. Innovation with different mixes and flavors is another driving factor behind the growth for the cider market. Moreover, the increased concern on the presence of synthetic ingredients in ready-to-drink beverages will supplement the growth of the global cider market. Increase in globalization and urbanization is another factor driving the global cider market. Further, the women population prefer this beverage because it is fruity in taste and also sweeter. The refreshing taste of this beverage is anticipated in driving this market. Besides, its huge application in different sectors is anticipated in driving the market during the forecast period (2023-2032). The global cider market is anticipated to witness a notable CAGR over the forecast period.

Market Segmentation

Market Research Future (MRFR) report provides a comprehensive segmental analysis of global cider market on the basis of product, distribution channel, and packaging.

Based on product, the cider market is segmented into perry (pear flavored), apple flavored, and fruit flavored. Of these, the fruit flavored is the most lucrative owing to the different varieties accessible along with innovations created by various manufacturers for attracting customers.

Based on distribution channel, the cider market is segmented into off-trade and on-trade. The off-trade segment is again segmented into convenience stores, specialist retailers, hypermarkets, and supermarkets.

Based on packaging, the cider market is segmented into plastic bottles, glass bottles, cans, and draught. Of all these, draught ciders cover the maximum share in the market and is anticipated in seeing a healthy growth during the forecast period.

Based on region, the global cider market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Europe leads this market followed by North America. Other regions such as Asia Pacific, Latin America, Middle East and Africa is likely to gradually capture the market.

Key Players

Some of the key players in the global cider market include Kopparberg (Sweden), Rekorderlig (Sweden), Carling (England), Pimm (England), Stella Artois (Belgium) and Bulmer (Scotland).

Fruity cider is tapping every right trend. With people looking for tasty, refreshing beverages in stead of blander propositions, manufacturers are experimenting with hosts of flavor profiles and with a twist. The recent add-on in the fruity cider list includes interesting flavors such as grapefruit, orange blossom, blueberry, raspberry and cranberry. Flavored with citrus fruits, it is extremely refreshing and tailor made for taking pleasure on a warm, sunny day.