ID: MRFR/F-B & N/1904-HCR | 110 Pages | Published By Tejas Chaudhary on March 2023
Cider Market Size is anticipated to reach USD 7260.2 Million by 2030, registering a CAGR of 5.60% during 2022-2030.
The global cider market size is projected to reach approximately USD 7260.2 Million by 2030, at a CAGR of 5.60% from 2022 to 2030. As per the cider market research, the growing demand for premium spirits on account of growing per capita income, as well as utilization of alcohol as a standing symbol, is among the prominent growth drivers. Consumers growingly prefer heritage, quality, and innovation in alcoholic drinks. Companies in the market are observed to develop new product innovations in terms of flavor and sophistication. For instance, in March 2019, Diageo launched Rockshore Apple Cider in the group's attempt to gain a foothold in the Irish market.
COVID-19 Impact Analysis
According to the market report, the COVID-19 pandemic interrupts manufacturing and has a critical impact on industry sectors. Lockdown disrupts the production process and causes market instability. As an outcome, the overall market faces a lot, limiting the market's overall growth. The increased penetration of online sales channels benefited the market. People could buy items through the e-commerce sales channel, creating major opportunities for the market's growth.
The Cider market dynamics for the market include increasing demand for low-alcohol beverages due to the growing prevalence of various diseases. Another factor driving the market growth is the rising use of gluten-free drinks in response to consumers' desire for healthy options. Moreover, changing lifestyles and rising disposable income are boosting the market growth. The rise in health worries and risks related to alcohol consumption and the rising popularity of non-alcoholic beverages have influenced the cider market growth.
Cider market Drivers
Researchers have readily shown that market is a functional beverage with the presence of bioactive polyphenols. Moreover, the bioactive polyphenols exhibit all the properties of strong anti-platelet activities against the inflammatory and thrombotic lipid mediator PAF. In addition, the PL from all cider product sources were found to be rich in PUFA and especially beneficial in n-3 PUFA and MUFA, providing a rationale for their potent anti-inflammatory and anti-platelet properties. Moreover, the presence of polyphenols created a structural analogy, which creates the properties of strong antagonism on various cell receptors. Thus, it acts as a market driver, which is driving the Cider market growth.
As per the cider market research, many research studies have indicated an improvement in ACV consumption. However, consuming too much can cause an unwanted impact. Regular consumption of cider vinegar results in tooth decay; hence, it is recommended that vinegar be diluted with water for immediate consumption. Moreover, according to an associate professor of Harvard Medicine, consumption of ACV guides to low potassium levels- hypokalemia. The acidity in ACV may also direct to gastrointestinal issues and skin burns if utilized in a large quantity of straight vinegar.
Apple cider vinegar has been utilized in cooking and as a home remedy for many years. Further, ACV has various health benefits, such as antioxidant and antimicrobial effects. According to multiple research studies, the consumption of ACV decreases cholesterol, lowers blood sugar levels, and enhances the symptoms of diabetes. Acetic acid, a key ingredient in vinegar, is responsible for numerous health advantages.
Cider market segmentation:
The cider market segmentation on the basis of type includes apple-flavored, fruit-flavored, and perry. The apple-flavored category held a major share in 2021 owing to the increasing consumption of nutritional benefits. Besides this, fruit flavored was the fastest-growing category due to rising awareness related to fruit ingredients across various product categories. The nutritional structure and health benefits associated with fruits in beverages.
Distribution Channel Insights
Based on the distribution channel, the global market is divided into on-trade, off-trade, supermarkets & hypermarkets, specialist retailers, convenience stores, and others. The supermarkets & hypermarkets category had a prominent market share in 2021 due to the growing demand for cider in offline mode. However, off-trade was the fastest-growing category due to its cost-effectiveness.
The cider market segmentation based on packaging include draught, cans, glass bottles, plastic bottles, and others. The glass bottles category had a prominent share in 2021 owing to the growing demand for cider in alcoholic beverages. Besides this, plastic bottles were the fastest-growing category due to the growing demand for apple cider vinegar, as it is gluten-free and can improve the digestive system, hence increasing the cider market size.
As per the cider market forecast, the global market has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. North America accounted for the most extensive market share. Europe is projected to exhibit the highest CAGR during the review period.
As per the cider market report, North America held a prominent market share in 2021 due to a strong presence of cider vinegar manufacturers, high U.S. and Canadian production, and high regional demand. Further, many manufacturers in the region are coming up with innovative products, positively impacting the cider vinegar market in North America. For instance, in February 2019, Comvita, a New Zealand-based company, introduced cider vinegar with UMF 5+ Manuka honey for the US market. Through this establishment, consumers in the U.S. will access organic and premium quality daily wellness products.
Europe was the fastest-growing region in 2021 due to the highest production of apples at a global level. The UK cider market size represents the huge market. The customers in the country drink 800 million liters of cider in a year, around 12.18 liters consumed per person, with 45.5% of households buying the product. Moreover, the most trending areas of Europe, such as the Czech Republic and Poland, are expected to be emerging markets for the product.
The Cider market competitive landscape includes tier-1, tier-2, and local players. The tier-1 and tier-2 players have global reach with diverse product portfolios. Companies such as SABMiller Plc, Heineken N.V., Halewood Wines & Spirits, Distell Group Limited, and Carlsberg A/S dominate the global market due to product differentiation, financial stability, strategic developments, and diversified regional presence. The players are concentrating on supporting research and development. Furthermore, they embrace strategic growth initiatives, such as development, product introduction, joint ventures, and partnerships, to strengthen their market position and capture an extensive customer base.
Prominent players in the global market include C&C Group Plc, Aston Manor Brewery, Diageo plc, Thatchers Cider, and Kopparbergs Brewery, among others.
Scope of the Cider Market Report
Distribution Channel Outlook
Objectives of the Study
The objectives of the study are summarized in 5 stages. They are as mentioned below:
Cider market Forecast:
To identify and estimate the market size for the global market segmented by type, distribution channel, and packaging by value (in U.S. dollars). Also, to understand the consumption/ demand created by consumers of cider between 2022 and 2030
Market Landscape and Trends:
To identify and infer the drivers, restraints, opportunities, and challenges for the global market.
Market Influencing Factors:
To find out the factors which are affecting the sales of cider among consumers
Impact of COVID-19:
To identify and understand the various factors involved in the global market affected by the pandemic
To provide a detailed market analysis of the major companies operating in the market. The profiling will include the financial health of the company's past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.
|Market Size||USD 7260.2 Million|
|CAGR||5.60% CAGR (2022-2030)|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Type, Distribution Channel, and Packaging|
|Geographies Covered||North America, Europe, Asia-Pacific, and the Rest of the World (RoW)|
|Key Vendors||C&C Group Plc, Aston Manor Brewery, Diageo plc, Thatchers Cider, and Kopparbergs Brewery|
|Key Market Opportunities||Growing investments in the development of new cider products|
|Key Market Drivers||Increasing research and development operations|
The study period of the global market is 2022 - 2030
The global market is growing at a CAGR of 5.60% over the next 10 years.
North America is expected to register the highest CAGR during 2022 - 2030
North America held the largest share in 2021
C&C Group Plc, Aston Manor Brewery, Diageo plc, Thatchers Cider, and Kopparbergs Brewery are the major companies operating in the global market.