Cider Market was worth USD XX.XX billion in 2019 and estimated to be growing at a CAGR of X.XX%, to reach USD XX.XX billion by 2024. Cider is a type of alcoholic beverage based on the fermented juice of apples. The apple variety most suitable for production is the apple cider aptly named, which is believed to work with other apple varieties. The alcohol content in cider varies between 1.2% and 8.5% or more in traditional English cider and between 3.5% and 12% in continental cider.
Ciders are available in different flavors and are also classified from dry to sweet. Its appearance goes from turbid to sediment, even with a crystalline version. The color changes are due both to the different fermentation processes and to the choice of apples. Modern ciders look a lot like sparkling wines, although traditional varieties are still produced and then tend to be darker.
Market Drivers and Restraints:
The growth of the cider market is mainly due to new innovative tastes and attractive marketing strategies. Manufacturers are trying to create a cider market as a healthier alternative to other alcoholic beverages. Cider packaging is also an essential factor since bottles of different sizes and shapes are introduced to attract customers. Consumers even deviate from traditional drinks and are ready to try new products, and this is another factor that drives the market. Concerning restrictions in the market, cultural differences play an important role in inhibiting consumption, and most people still consider it an apple drink instead of an alcoholic beverage.
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Report segmented as
- Still Cider
- Sparkling Cider
- Draft Cider
- Apple Wine
- Departmental Stores
- Convenience Stores and Online Stores
Based on geography, the global market is analyzed under various regions, namely North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. North America dominates the Cider Market in 2019 with the region accounting for 36% of the overall market share. North America was followed next in line by Europe and Asia-Pacific. Asia-Pacific is expected to grow rapidly in the coming years, as is evident from the high CAGR value for the region. Another promising region for the market in Latin America, which is expected to show high growth rates in the coming years.
Important Market Players:
The Cider market is highly competitive, with a large number of players. Key market players dominating the market with their products are Aston Manor Brewery, C&C Group Plc, Carlberg A/S, Distell Group, Halewood International Holdings Plc, Heineken UK Ltd., SABMiller Plc, Carlton & United Breweries Limited, and The Boston Beer Company Inc.
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The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
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