The size of the cider market was estimated at US$4.89 billion in 2021; from 2022 to 2029, total revenue is anticipated to increase by 6.5% CAGR, or roughly US$8.10 billion.
Cider Market Overview:
The Cider market study gives a comprehensive view of the competition, including the market share and company profiles of the major global competitors. The scope of the research includes a full examination of the Cider Market, as well as the reasons for variations in the industry’s growth between regions.
Market Scope:
Following the completion of market engineering, which included market statistics computations, market size estimations, market forecasts, market breakdown, and data triangulation, extensive primary research was done to gather information and verify and validate important numbers. To undertake market estimating and forecasting for the overall market segments and sub-segments described in this research, top-down and bottom-up tactics, as well as different data triangulation procedures, were often employed throughout the market engineering process. Extensive qualitative and quantitative analysis is performed on all data obtained during the market engineering process in order to provide essential information throughout the report.
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Segmentation:
Based on product, based on product the global cider market is segmented into Perry Cider, Apple Cider, Fruit Flavoured Cider and Others. The fruit flavored category is the most lucrative in the global cider industry owing to the variety of flavors offered and the improvements made by different manufacturers to entice customers. Consumers are more health-conscious and want low-alcohol and gluten-free beverages, which is driving up demand for cider. The presence of well-known brands such as Kopparberg, Woodchuck, and Angry Orchard contributes to the growth of premium grade cider. The European cider market is more concentrated, while the North American industry is quickly expanding. If current growth continues at the same rate, fruit cider will be 48% of all cider by 2023.
Key Players:
• Anheuser-Busch Companies LLC
• Asahi Premium Beverages
• Aston Manor
• C&C Group plc
• Carlsberg Breweries A/S
• Carlton & United Breweries
• Distell
• Halewood
• Heineken UK Limited
• The Boston Beer Company
• Angry Orchard
• Brannland Cider
• Smith & Forge
• Stella Artois Cidre
• Strongbow
• Woodchuck
• The Molson Coors Brewing Company
• Seattle Cider Company
• Vander Mill
• Celtic Marches Beverages Ltd
• Armagh Cider Company
• Cider Ireland
Market leaders are identified by primary and secondary research, and market revenue is calculated using primary and secondary research. The core study included in-depth interviews with key thought leaders and industry experts such as experienced front-line personnel, CEOs, and marketing executives. In-depth interviews with important thought leaders and industry experts, such as experienced front-line personnel, CEOs, and marketing executives, were conducted as part of primary research, while secondary research included a review of the major manufacturers’ annual and financial reports. Secondary data is utilized to calculate percentage splits, market shares, growth rates, and global market breakdowns, which are then verified against primary data.
The biggest players in the Cider market are as follows:
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Regional Analysis:
Individual market influencing components and changes in market laws impacting current and future market trends are also covered in the Cider market analysis regional overview. Current and future trends are studied in order to evaluate the overall market potential and find profitable patterns in order to get a firmer footing. The geographical market evaluation is based on the current environment and anticipated trends.
COVID-19 Impact Analysis on Cider Market:
Due to a break in operations, end-user sectors where Cider are used suffered a drop in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, the United States, and Spain, France, and India. As a result, the revenues of enterprises in these industries fell significantly, as did the demand for Cider manufacturers, impacting the growth of the Cider market in 2020. Lockdowns and a surge in COVID-19 events globally have severely reduced end-user business demand for Cider.
Key Questions Answered in the Cider Market Report are:
- In 2021, which segment held the highest proportion of the Cider market?
- What is the Cider market’s competitive landscape?
- What are the primary drivers assisting Cider market growth?
- Which region has the most market share in the Cider market?
- What will be the Cider market’s CAGR throughout the projected period (2022-2027)?
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