Cider Market Set to Soar, Predicted to Reach US$23.6 Billion by 2030
The global cider market is on an upward trajectory, with a forecasted valuation of approximately US$13.06 billion in 2022, and it is expected to surge to an impressive US$23.6 billion by the end of 2030, reflecting a robust Compound Annual Growth Rate (CAGR) of 5.31% between 2023 and 2030.
Key Trends Driving Cider Market Growth
- Rising Demand for Low- and No-Alcohol Ciders: The cider market is witnessing a surge in demand for low- and no-alcohol ciders, catering to individuals seeking enjoyable, non-intoxicating beverage options, especially those leading active and social lifestyles.
- Single-Origin and Terroir-Driven Ciders: Consumers are increasingly looking for traceable and sustainable beverage solutions. Single-origin ciders, sourced from specific orchards or farms, are gaining popularity for their sustainability and transparency.
- Regulatory Challenges: Differing regulations and taxation practices across regions can pose challenges to market growth. High alcohol taxes and stringent regulations may increase manufacturing costs.
- Fruit-Flavored Ciders Lead the Way: In 2022, fruit-flavored ciders dominated the market, with seasonal releases like cranberry and spiced apple ciders gaining popularity during the autumn and winter months.
- Glass Bottles Preferred: Glass bottles emerged as the dominant packaging choice in 2022 due to their durability, stackability, and ability to preserve product quality.
- Rise of Off-Trade Category: The off-trade category is expected to experience significant growth during the forecast period, with retailers adhering to age verification and packaging standards.
- Europes Domination: Europe is set to lead the cider market, known for its diverse cider variations catering to a wide range of consumer tastes.
- Asia Pacifics Growth: Asia Pacific is poised to be the fastest-growing cider market region, driven by the regions growing cocktail culture and the incorporation of cider into unique mixed drinks.
A Look Back and a Look Forward Comparative Analysis
- Celiac-Friendly and Health-Conscious Appeal: Ciders gluten-free nature appeals to consumers with celiac disease or gluten intolerance, while its pleasant aroma and flavor make it an attractive choice for health-conscious individuals.
- Staggered Growth: The market experienced staggered growth from 2018 to 2022, driven by marketing investments, product introductions, and events.
- Cider Tourism and Festivals: Cider-specific tourism and festivals have gained popularity, fostering appreciation for cider culture and expanding its production in developing areas.
- Premium and Artisanal Appeal: Premium and artisanal ciders are gaining recognition for their quality, craftsmanship, and authenticity, attracting loyal consumers and increasing brand trust.
Key Growth Determinants
- Gluten-Free and Distinct Flavor Profile: Ciders gluten-free nature and unique flavor profile make it a refreshing alternative to traditional alcoholic beverages.
- Craft Ciders Popularity: Craft cider manufacturers innovation in flavor and production techniques appeals to consumers looking for unique and high-quality beverages.
- Expanding Range of Cider Flavors: A wide variety of cider flavors and styles cater to diverse consumer preferences, enhancing the overall drinking experience.
Major Growth Barriers
- Prohibitive Costs: Quality cider production can be costly due to high-end ingredients, artisanal methods, and packaging requirements.
- Seasonal Dependency: Cider consumption is seasonal, resulting in the need for careful production and inventory management to meet fluctuating demand.
Key Trends and Opportunities
- Cider Cocktails on the Rise: Ciders natural sweetness and versatility make it a popular ingredient for cocktails, contributing to its year-round popularity.
- Versatility in Food Pairing: Cider complements a wide range of cuisines, making it appealing to food enthusiasts and enhancing the dining experience.
- Growing Disposable Incomes: Higher disposable incomes drive demand for premium and innovative cider varieties, spurring innovation in the industry.
Regulatory Scenario
- Global Regulatory Oversight: Various regulatory bodies, such as the Alcohol and Tobacco Tax and Trade Bureau (TTB) in the US, Alcohol and Gaming Commission of Ontario (AGCO) in Canada, Food Standards Agency (FSA) in the UK, and European Food Safety Authority (EFSA) in the EU, oversee cider production, labeling, and safety.
- Global Trade Impact: Global trade agreements and tariffs can impact cider market dynamics, affecting trade restrictions and market access for cider producers.
Fairfield’s Ranking Board
Top Segments
- Fruit Flavored Category Continues to Dominate: Fruit-flavored ciders offer a wide range of tastes, attracting consumers with their sweeter and fruitier profiles.
- Glass Bottles Maintain a Leading Share: Glass bottles, associated with luxury, preserve cider quality and flavor. Cans are also growing in popularity for their portability.
- On-Trade Segment at the Forefront: The on-trade segment enhances the dining experience by offering cider pairings with menus, while the off-trade segment provides a wide variety of choices for consumers.
Regional Frontrunners
- Europe is the Trendsetter: Europe, especially the UK, leads in cider consumption, with craft ciders gaining popularity.
- Asia Pacific Holds Promise: Asia Pacific is experiencing the fastest cider market growth, driven by health-conscious consumers and a preference for fruit-flavored beverages.
Fairfield’s Competitive Landscape Analysis
The cider market features fewer well-known producers, with big businesses expanding their market share through new product launches and distribution network improvements. Expect further consolidation in the cider market in the coming years.
Leaders in the Global Cider Space
- 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
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 End User Coverage, By Geographic Coverage and By Company) https://www.fairfieldmarketresearch.com/report/cider-market
Visit Our Trending Blogs:
https://www.mykith.com/explore-189618-fire-resistant-fluid-market-size-share-
About Us
Fairfield Market Research is a UK-based market research provider. Fairfield offers a wide spectrum of services, ranging from customized reports to consulting solutions. With a strong European footprint, Fairfield operates globally and helps businesses navigate through business cycles, with quick responses and multi-pronged approaches. The company values an eye for insightful take on global matters, ably backed by a team of exceptionally experienced researchers. With a strong repository of syndicated market research reports that are continuously published & updated to ensure the ever-changing needs of customers are met with absolute promptness.
Contact
Fairfield Market Research
London, UK
UK +44 (0)20 30025888
USA (Toll-free) +1 (844) 3829746
Web: https://www.fairfieldmarketresearch.com/
Email: [email protected]
This press release first seen on Brilad
COMTEX_443836481/2840/2023-11-21T21:23:35
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No News Postbox journalist was involved in the writing and production of this article.
