Cider Market Growing at a CAGR of 6.11% During Forecast Period 2020-2025

Cider Marketsize is $5.67Bn in 2019, growing at a CAGR of 6.11% during the forecast period 2020-2025. Ciders are alcoholic beverages, which require the fermented apple juice in during their preparation process. It is also known as apple wine. These ciders comprise antioxidants, especially polyphenols, which attract the consumers. It is made from apple juice using the type of apples which are typically bitter and rich in tannins. It is a gluten-free low alcohol beverage and is used in place of beer among people who prefer gluten-free drinks. Furthermore, increase in health concerns in the global population and several risks associated with alcohol consumption fuel the demand for new classes of alcoholic drinks, such as low or no alcoholic beverages.

Request for Sample of the Report @https://www.industryarc.com/pdfdownload.php?id=17783

Report Price: $ 4500(Single User License)

By Flavor – Segment Analysis

In 2019, Apple Cider segment dominated the Cider Market in terms of revenue is estimated to grow at a CAGR of 3.56%. Apple cider is a refreshing alternative that satisfies the variation in day-to-day taste preferences of consumers. Apple cider vinegar possesses antibacterial and antifungal effect, and owing to this it is highly utilized to control diseases associated with the kidneys and thyroid. On the other hand, it is also used as a remedy in case of constipation, acne, and varicose veins. Moreover, apple cider vinegar dietary supplements are well-known as weight loss products. The application of apple cider vinegar in salad dressing, sauces, pickles, cooking, and during cosmetic procedures is creating the demand influx in the market’s growth.

Geography – Segment Analysis

In 2019, the Europe region dominated Cider Market in terms of revenue with a market share of 39% owing towards increasing consumer base for the cider in this region. This growth can be attributed towards the changing living standards of the population coupled with increasing per capita income of consumers in this region. Moreover, the rise in the number of bars, pubs, and restaurants that serves cider coupled with increased disposable incomes of consumers in this region. The increasing awareness about the health and availability of gluten free products drives the market in this region is key factors in the growth of the Cider market. Asia Pacific is estimated to record the fastest growth rate during the forecast period 2020-2025.

Talk to one of our sales representative about the full report by providing your details in the link below:

https://www.industryarc.com/support.php?id=17783

Drivers – Cider Market

  • Rise In Preference For Low Alcohol Beverages

The growth of the global cider market is driven by high demand for gluten-free drinks and rise in preference for low alcohol beverages. Rising urbanization and influence of western lifestyle among the population is fueling the market’s growth. The natural and fruit base of cider is further supporting the market expansion. Consumer preference is shifting towards microbreweries producing specialty beverages compared to the mass-produced beverages is the other major factor driving growth.

Challenges – Cider Market

  • High Sugar Content

Cider is high in sugar hampering the market’s growth. The varying sugar content of cider is a result of the fermentation and is high in carbohydrates which are the restraining factors for the Cider Market.

Acquisitions/Product Launches

  • In June 2020, Asahi Premium Beverages acquired Carlton & United Breweries. This acquisition offer customers and consumers an even broader range of great tasting beverages with the addition of some of Australia’s most popular and well-loved beer brands.

Key Takeaways

  • Increasing awareness amongst people for craft branding and quality drinks is set to propel the growth of the market.
  • Rising health concerns and modern lifestyle is the driving factors for the growth of Cider market.
  • Asia Pacific region is estimated to record the fastest growth rate during the forecast period 2020-2025.

Cider Industry Outlook

Product Launches was the key strategy of the players in the Cider Industry. Cider top 10 companies include Asahi Premium Beverages, Aston Manor, C&C Group plc, Carlsberg Breweries A/S, Carlton & United Breweries (CUB), Distell, Halewood, Heineken UK Limited, The Boston Beer Company, Anheuser-Busch Companies LLC and Distell Group.

Related Reports:

Europe Alcoholic Beverages

https://www.industryarc.com/Report/7515/europe-alcoholic-beverages-market.html

Asia-Pacific Alcoholic Beverages

https://www.industryarc.com/Report/7514/asia-pacific-alcoholic-beverages-market.html

About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail tosales@industryarc.comto discuss more about our consulting services.

Tags: , , , , ,

See Campaign: https://www.industryarc.com/reports/request-quote?id=17783
Contact Information:
Venkat Reddy
Sales Director
Email: venkat@industryarc.com
Website: https://www.industryarc.com
Phone: (+1) 970-236-3677

Tags:
, IPS, Extended Distribution, iCN Internal Distribution, Wire, Research Newswire, English

image

Contact Information:

Venkat Reddy
Sales Director
Email: venkat@industryarc.com
Website: https://www.industryarc.com
Phone: (+1) 970-236-3677

babul.saheb@iarcresearch.com