Cider Market Overview:
The global cider market was valued at $2.48 Billion in 2023 and is projected to reach $9.52 Billion by 2032, registering a CAGR of 18.30% by 2032.
The North American Cider Market region, comprising the United States, Canada, and Mexico, presents a dynamic landscape for the cider industry. While the US dominates the market in terms of consumption and production, Canada and Mexico also contribute significantly to the region's cider market. In recent years, North America has witnessed a proliferation of cider varieties, driven by factors such as changing consumer preferences, increasing disposable incomes, and a growing awareness of health and wellness. Craft cideries, in particular, have gained traction across the region, offering unique and innovative products that cater to evolving tastes and preferences.
The COVID-19 pandemic moderately impacted the global Cider Market. The supply chain disruption due to trade and lockdown restrictions harmed the market. On the other hand, the rise in penetration of online sales channels positively impacted the market. People were able to buy products through the e-commerce sales channel, which resulted in significant opportunities for the market's growth.
Cider is a low alcohol drink produced by partial or complete fermentation of apple, pear, and other fruit juices. The alcoholic content of the beverages that are preferred by most of the target audience ranges from 1.2% to 8.5% alcohol. Moreover, ciders can be still or carbonated based on secondary fermentation and carbon dioxide injection. Currently, the market registers the highest growth rates compared to other alcoholic drinks in different regions globally.
Market Segmentations:
According to the global cider market analysis, the global market is segmented based on type, distribution channel, packaging, and region. The market is classified into apple-flavored, fruit-flavored, and perry based on type. The market is segmented into the draught, cans, glass bottles, plastic bottles, and others based on packaging. Based on the distribution channel, it is categorized into on-trade and off-trade. The off-trade segment is further divided into supermarkets & hypermarkets, specialist retailers, convenience stores, and others globally. Based on region, the market is analyzed across its functions undertaken in regions like North America, Europe, Asia-Pacific, and LAMEA.
Key Players:
Some Cider Market Companies in the market are as follows:
- Anheuser-Busch Companies LLC
- The Boston Beer Company
- Asahi Premium Beverages
- Heineken UK Limited
- Aston Manor
- Halewood
- C&C Group plc
- Distell
Industry News:
The fruit-flavoured segment of the cider market is the most lucrative in the global cider market, owing to the varieties available and innovations done by different manufacturers to attract customers. Moreover, people are increasing their concern about their health and prefer low alcohol & gluten-free beverages, which augments the demand for cider in the global market. Also, the presence of various popular brands such as Kopparberg, Woodchuck, and Angry Orchard boosts the expansion of premium quality cider. The global market is more concentrated in Europe and growing rapidly in North America.
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