Cider Market - Global Cider Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2030 - (By Type Coverage, By Packaging Coverage, By Distribution Channel Coverage, By Geographic Coverage and By Company)

Cider Market - Global Cider Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2030 - (By Type Coverage, By Packaging Coverage, By Distribution Channel Coverage, By Geographic Coverage and By Company)

The global cider market, valued at approximately US$13.06 billion in 2022, is poised for substantial growth, with a projected CAGR of 5.31% between 2023 and 2030, reaching an estimated value of US$23.6 billion by the end of the decade.

Key Trends Driving Cider Market Growth
1. Rising Demand for Low- and No-Alcohol Ciders: The market is witnessing a surge in demand for low- and no-alcohol ciders as consumers increasingly seek enjoyable beverage options without the effects of alcohol. These options cater to individuals with active and social lifestyles.
2. Single-Origin and Terroir-Driven Ciders: Consumers are showing a preference for traceable and sustainable beverage solutions. Single-origin ciders, sourced from specific orchards or farms, offer transparency and sustainability, attracting environmentally-conscious consumers.
3. Regulatory and Taxation Variations: Varying regulations and taxation practices across regions can impact cider production and costs, posing challenges to market growth.
4. Fruit-Flavored Ciders: In 2022, the fruit-flavored cider category dominated the market, offering diverse options, including seasonal and limited-edition flavors like cranberry and spiced apple.
5. Packaging Preferences: Glass bottles were the preferred packaging option in 2022, known for preserving the quality and flavor of cider. However, cans are gaining popularity for their convenience and portability.
6. On-Trade and Off-Trade Channels: The on-trade segment, including upscale bars and restaurants, contributed significantly to the market in 2022, enhancing the dining experience with cider pairings. The off-trade category is expected to grow as consumers seek variety and exploration.

Regional Insights
1. Europe: Europe is expected to dominate the cider market due to the popularity of ciders and their variants in the region. Different cider flavors are preferred across European nations, and craft ciders are gaining traction.
2. Asia Pacific: This region is poised for significant growth, driven by a shift from beer to cider, health-conscious consumers, and the rising trend of fruit-flavored alcoholic beverages.

Growth Determinants and Barriers
Growth Determinants:
• Gluten-Free and Distinct Flavor: Cider's gluten-free nature and unique flavor profile appeal to consumers with celiac disease or those looking for a refreshing, lighter alternative.
• Craft Cider Popularity: Craft cider manufacturers experiment with various apple types and flavors, attracting consumers seeking innovative and high-quality beverages.
• Expanding Flavor Range: The wide variety of cider flavors and styles allows consumers to choose according to their preferences, boosting sales.

Major Barriers:
• Prohibitive Costs: High-quality cider production can be expensive due to premium ingredients, specific apple varieties, and artisanal methods.
• Seasonal Dependency: Cider consumption is linked to specific seasons, resulting in seasonal demand fluctuations and inventory challenges.
Key Trends and Opportunities
1. Cider Cocktails: The versatility of cider in mixing with spirits and other ingredients makes it a key component in creating unique and flavorful cocktails. Mixologists and bartenders are experimenting with cider, appealing to cocktail enthusiasts.
2. Versatility in Food Pairing: Cider complements a wide range of dishes, making it desirable for food lovers. Its versatility enhances the overall dining experience.
3. Growing Disposable Incomes: Increased incomes drive demand for premium cider varietals, artisan ciders, and unique flavor profiles.

Regulatory Impact on the Industry
Regulatory bodies like the Alcohol and Tobacco Tax and Trade Bureau (TTB) in the US, the Alcohol and Gaming Commission of Ontario (AGCO) in Canada, the Food Standards Agency (FSA) in the UK, and the European Food Safety Authority (EFSA) in the EU play significant roles in regulating cider production, labeling, and safety.

Leading Companies in the Cider Market
• Aston Manor Brewery Company Limited
• The Boston Beer Company, Inc.
• Distell Group Limited
• Brannland Cider
• C&C Group Plc
• Anheuser-Busch InBev
• Halewood International Holdings Plc
• Heineken Holding Nv
• Carlsberg Breweries A/S
• Molson Coors Brewing Company
• Seattle Cider Company
• Brewery
• Diageo Plc
• Thatchers Cider
• Kopparbergs Brewery

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