CIDER MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

The cider market is estimated to be valued at USD 5.20 Bn in 2024, exhibiting a compound annual growth rate (CAGR) of 3.1% from 2024 to 2031. Cider is an alcoholic beverage that is produced by pressing and fermenting apples. With origins dating back thousands of years to Ancient Greece and Rome, cider has experienced renewed popularity globally in recent decades. The market has expanded beyond traditional European producers to other major fruit growing regions including the U.S., Latin America, Africa, and Asia Pacific. As consumer preferences trend toward healthier beverages perceived as natural with fewer additives, the demand for cider continues to climb steadily.

Market Dynamics:

The global cider market has benefitted from a few key drivers in recent years. First, a significant demographic of health-conscious millennials choosing lower calorie, lower sugar alternatives to beer have boosted cider volumes. Second, innovative flavored and specialty ciders brewed with various fruits appeal to younger drinkers experimenting with different tastes. However, stringent regulations on alcohol advertising and high raw material costs pose challenges to the market growth. Looking ahead, the market is poised for further expansion in developing nations where orchards are expanding and disposable incomes rising. There is also opportunity to capture a share of the craft beverage market through unique flavor profiles and branding that emphasizes cider's artisanal heritage.

Key Features of the Study:

• This report provides in-depth analysis of the global cider market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global cider market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study include SABMiller Plc, Heineken N.V., Halewood Wines & Spirits, Distell Group Limited, Carlsberg A/S, C&C Group Plc, Aston Manor Brewery, Diageo plc, Thatchers Cider, Kopparbergs Brewery, Siqera, Westons Cider, Pall Shop, Sheppy's Cider, The Kent Cider Co , Hunts Devon cider, Sandford Orchards, Orchards of Husthwaite, Bulmers Cider, and Rattan Organic Foods Pvt Ltd.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• The global cider market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.

Detailed Segmentation-

• By Source:
  • Apple
  • Fruit flavored
  • Perry
  • Others
• By Product Type:
  • Sparkling
  • Apple wine
  • Others
• By Region:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles:
  • SABMiller Plc
  • Heineken N.V.
  • Halewood Wines & Spirits
  • Distell Group Limited
  • Carlsberg A/S
  • C&C Group Plc
  • Aston Manor Brewery
  • Diageo plc
  • Thatchers Cider
  • Kopparbergs Brewery
  • Siqera
  • Westons Cider
  • Pall Shop
  • Sheppy's Cider
  • The Kent Cider Co
  • Hunts Devon cider
  • Sandford Orchards
  • Orchards of Husthwaite
  • Bulmers Cider
  • Rattan Organic Foods Pvt Ltd