Cider Market Blossoms with Refreshing Trends, Poised to Flourish in the Coming Years, Projected to Surpass $8.79 Billion by 2030

According to Next Move Strategy Consulting, the global Cider Market size is anticipated to surpass $8.79 billion by 2030 reflecting a CAGR of 5.2% during the forecast period till 2030. The global cider market is on a trajectory of robust growth, mirroring the effervescence of the battery industry, with projections indicating a remarkable surge.

Market Overview:

The cider market is undergoing a transformative period, mirroring changing consumer preferences and growing demand for unique, flavorful alternatives. As consumers increasingly seek refreshing, naturally crafted beverages, the cider industry emerges as a key player in satiating this thirst. With a focus on quality ingredients and diverse flavor profiles, cider is carving a niche in the global beverage market.

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Key Market Drivers:

1. Craft Cider Renaissance: The surge in craft and artisanal products has spilled over into the beverage sector, with craft ciders gaining momentum. Consumers are drawn to the authenticity and quality associated with small-batch, locally-produced ciders, driving the market's growth.

2. Health and Wellness Trend: With an increasing emphasis on health-conscious choices, cider, often perceived as a natural and gluten-free option, is witnessing heightened consumer interest. The market benefits from the perception of cider as a healthier alternative to some traditional alcoholic beverages.

3. Flavor Innovation: The evolving palates of consumers are fueling the demand for innovative and diverse cider flavors. From traditional apple and pear variants to exotic fruit blends and botanical infusions, the market is experiencing a flavor revolution, appealing to a broad spectrum of taste preferences.

4. Sustainability and Eco-conscious Consumers: As environmental consciousness grows; consumers are gravitating towards brands that prioritize sustainability. Cider producers embracing eco-friendly practices and packaging are gaining favor among environmentally conscious consumers.

Market Segmentation:

The cider market includes various segments, including:

Product Type: Based on product type, the market is segmented into hard cider and non-alcoholic cider.

Type: Based on type, the market is divided into sparkling cider, still cider, heritage/craft cider, sweet cider, flavored cider, perry, and others.

Packaging: Based on packaging, the market is categorized into cans, draught/draft, bottles, and others.

Distribution Channel: Based on the distribution channel, the market is bifurcated into off-premises and on-premises.

Geographical Regions: Based on region, the market is analyzed into North America, Europe, Asia-Pacific, and the Rest of World (RoW).

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Outlook and Future Prospects:

The natural polyphenols packed within act as tiny champions, lowering blood pressure and cholesterol, aiding digestion, and nurturing your gut. This potent combo is expected to fuel cider's popularity in the coming years, with health-conscious consumers raising their glasses to a tastier future.

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Consumers, largely unfamiliar with the diverse world of ciders, often default to their trusted beer. This lack of awareness hinders cider's potential to gain traction, potentially slowing down market expansion in the coming years.

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Regional Dominance:

Europe hold the predominant share of the cider market in 2022 and is expected to continue its dominance during the forecast period. Many European countries are among the largest apple producers across the world, which boosts the manufacturing of cider beverages in this region. According to the United Nations Food and Agriculture Organization (FAO), Poland, Italy, and France are among the top 10 producers of apples in the globe.

Also, the high consumption of cider beverages in countries such as the UK, France, and Spain drives the market growth. According to the National Association of Cider Makers, the UK is the largest cider market both globally and across Europe in terms of production. The UK cider represents 39% of the global market. Moreover, the cold climatic condition in the European region accelerates the demand for consumption of alcoholic beverages which in turn boosts the demand for cider as well.

On the other hand, Asia-Pacific is expected to show a steady rise in the cider market during the forecast period, as there is an upsurge in demand for apple-flavored wine due to the rising awareness of the nutritional benefits of cider beverages among consumers.

Also, the increase in disposable income of consumers coupled with the rising number of bars, pubs, and restaurants that serve cider beverages fuels the growth of the cider market in this region.

Competitive Landscape:

The cider industry comprises various market players such as Original Sin Cider, Boston Beer Company, Heineken UK Ltd., Bryant's Dry Cider LLC, CUB Premium Beverages (Asahi), Aston Manor, C&C Group PLC., Carlsberg Breweries A/S, Anheuser-Busch InBev SA/NV (AB InBev), and Westons Cider among others.

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This release was published on openPR.