DUBLIN--(BUSINESS WIRE)--The "Global Cider Market Outlook, 2028" report has been added to ResearchAndMarkets.com's offering.
The global cider market is experiencing remarkable growth, with a valuation of USD 8.87 billion and a projected Compound Annual Growth Rate (CAGR) of 6.38%, set to reach nearly USD 13 billion by 2028, as stated in the "Global Cider Market Outlook, 2028" report.
In recent years, the global cider market has undergone significant transformation and expansion. While traditional cider primarily features apples, flavored cider incorporates a diverse range of fruit blends, spices, and other ingredients for enhanced flavors. The market also highlights the growing popularity of premium and craft cider products, catering to consumers seeking unique tastes and higher-quality offerings.
Cider is increasingly viewed as a healthier alternative to beer and wine due to its natural fruit content and gluten-free properties. Manufacturers are introducing innovative fruit blends, botanical infusions, and experimental cider styles, often focusing on local and eco-friendly sourcing.
Key Market Segments and Trends:
- Product Type Segmentation: The market features hard cider as the top-selling product, with dry cider and soft cider gaining popularity. Dry cider, with its crisp and refreshing taste and lower residual sugar content, is capturing the interest of wine enthusiasts and craft beer drinkers. Soft cider, often non-alcoholic and reminiscent of traditional cider, appeals to a wide consumer base, offering a nostalgic and inclusive experience.
- Sweet Cider Varieties: Sweet cider can be non-alcoholic (soft cider) or fermented to produce sweet hard cider with a lower alcohol content. Ice cider, also known as apple ice wine, is gaining traction due to its unique process that concentrates sugars and flavors, resulting in a sweet and intense cider with higher alcohol content, growing at a CAGR of 7.33%.
- Packaging Preferences: Aluminum cans are a preferred choice for consumers due to their convenience, portability, durability, and recyclability, aligning with growing sustainability concerns. Flavored ciders are incorporating various fruit infusions and unique flavor pairings to create distinctive drinking experiences.
- Organic Cider: With increasing consumer awareness and demand for organic products, organic cider is gaining popularity for its perceived natural and authentic flavors. Conventional cider, while more widely available and often less expensive, is coexisting with organic cider as consumer demand grows.
- Distribution Channels: Cider is available through various distribution channels, including supermarkets, convenience stores, liquor stores, specialty beverage shops, and online platforms. Online sales offer consumers convenience, a broader selection, and access to reviews and ratings.
Global and Regional Presence:
- Europe's Cider Culture: Europe, particularly countries like the United Kingdom, France, Spain, and Ireland, has a rich cider history. Cider is readily available across various establishments, contributing to its popularity. Events such as cider festivals and harvest celebrations further promote cider consumption. European cider producers are capitalizing on export opportunities, expanding their presence globally.
- Cider in North America: In North America, regions like the Pacific Northwest and Northeast are known for their cider production. Changing demographics, urbanization, and globalization have shifted consumer preferences, with cider gaining traction as an alternative beverage choice.
- Asia-Pacific Expansion: The Asia-Pacific market is witnessing an expansion of cider producers from around the world. Producers and distributors are actively promoting cider through marketing campaigns, events, and tastings to raise awareness and educate consumers about the beverage.
While South America and the MEA region have relatively smaller cider markets compared to other global regions, the overall global cider market shows promising growth prospects.
Market Segmentation:
- Product Types: Hard Cider, Dry Cider, Soft Cider, Sweet Cider, Others
- Packaging Types: Glass Bottle, Plastic Bottle, Aluminum Cans
- Flavor: Apple, Flavored
- Source: Conventional, Organic
- Distribution Channels: Off-trade, On-trade
Company Profiles
- Heineken N.V.
- Anheuser-Busch InBev SA/NV
- Carlsberg A/S
- Molson Coors Brewing Company
- Woodchuck Hard Cider
- Aston Manor Cider
- Asahi Group Holdings, Ltd.
- C&C Group plc
- The Boston Beer Company, Inc.
- Halewood Artisanal Spirits
- Brannland Cider
- Kirin Holdings Company, Limited
- Compania Cervecerias Unidas
- Austin Eastciders
- Suntory Holdings Limited
- Seattle Cider Company
- Original Sin Cider
- Thatchers Cider
- Kopparbergs Brewery
- Olvi plc
For more information about this report visit https://www.researchandmarkets.com/r/5jverd
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