Cider Market size is $5.67Bn in 2019, growing at a CAGR of 6.11% during the forecast period 2020-2025. Ciders are alcoholic beverages, which require the fermented apple juice in during their preparation process. It is also known as apple wine. These ciders comprise antioxidants, especially polyphenols, which attract the consumers. It is made from apple juice using the type of apples which are typically bitter and rich in tannins. It is a gluten-free low alcohol beverage and is used in place of beer among people who prefer gluten-free drinks. Furthermore, increase in health concerns in the global population and several risks associated with alcohol consumption fuel the demand for new classes of alcoholic drinks, such as low or no alcoholic beverages.
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By Flavor – Segment Analysis
In 2019, Apple Cider segment dominated the Cider Market in terms of revenue is estimated to grow at a CAGR of 3.56%. Apple cider is a refreshing alternative that satisfies the variation in day-to-day taste preferences of consumers. Apple cider vinegar possesses antibacterial and antifungal effect, and owing to this it is highly utilized to control diseases associated with the kidneys and thyroid. On the other hand, it is also used as a remedy in case of constipation, acne, and varicose veins. Moreover, apple cider vinegar dietary supplements are well-known as weight loss products. The application of apple cider vinegar in salad dressing, sauces, pickles, cooking, and during cosmetic procedures is creating the demand influx in the market’s growth.
Geography – Segment Analysis
In 2019, the Europe region dominated Cider Market in terms of revenue with a market share of 39% owing towards increasing consumer base for the cider in this region. This growth can be attributed towards the changing living standards of the population coupled with increasing per capita income of consumers in this region. Moreover, the rise in the number of bars, pubs, and restaurants that serves cider coupled with increased disposable incomes of consumers in this region. The increasing awareness about the health and availability of gluten free products drives the market in this region is key factors in the growth of the Cider market. Asia Pacific is estimated to record the fastest growth rate during the forecast period 2020-2025.
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Drivers – Cider Market
The growth of the global cider market is driven by high demand for gluten-free drinks and rise in preference for low alcohol beverages. Rising urbanization and influence of western lifestyle among the population is fueling the market’s growth. The natural and fruit base of cider is further supporting the market expansion. Consumer preference is shifting towards microbreweries producing specialty beverages compared to the mass-produced beverages is the other major factor driving growth.
Challenges – Cider Market
Cider is high in sugar hampering the market’s growth. The varying sugar content of cider is a result of the fermentation and is high in carbohydrates which are the restraining factors for the Cider Market.
Cider Industry Outlook
Product Launches was the key strategy of the players in the Cider Industry. Cider top 10 companies include Asahi Premium Beverages, Aston Manor, C&C Group plc, Carlsberg Breweries A/S, Carlton & United Breweries (CUB), Distell, Halewood, Heineken UK Limited, The Boston Beer Company, Anheuser-Busch Companies LLC and Distell Group.
Europe Alcoholic Beverages
Asia-Pacific Alcoholic Beverages
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