Westford, USA, Aug. 16, 2023 (GLOBE NEWSWIRE) -- According to SkyQuest, the global cider market is poised for significant expansion in the coming years. Factors such as increased per capita income and a growing preference for premium beverages are driving the growth of this market. Consumers are willing to invest in higher-priced alcoholic beverages, including cider, as economies develop and disposable incomes rise.
Browse in-depth TOC on the "Cider Market"
- Pages - 157
- Tables - 94
- Figures – 76
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Cider is a refreshing, flavorful, low-alcohol beverage that ferments apple, pear, or other fruit juices in the cider market. Through fermentation, the natural sugars present in the fruit juices are converted into alcohol, resulting in varying alcohol concentrations in the final product.
Prominent Players in Cider Market
- Aston Manor
- AB InBev
- Asahi Group Holdings Ltd.
- C&C Group
- Carlsberg Breweries A/S
- Heineken N.V.
- Distell Group Limited
- Molson Coors Brewing Company
- Strongbow (Heineken N.V.)
- Angry Orchard (Boston Beer Company)
- Brothers Drinks Co. Ltd.
- Kopparberg Breweries AB
- Rekorderlig Cider (Molson Coors Brewing Company)
- Westons Cider
- Savanna Cider (Distell Group Limited)
- Bulmers Cider (Heineken N.V.)
- Thatchers Cider
- Magners (C&C Group)
- Crispin Cider (AB InBev)
- Woodchuck Hard Cider (C&C Group)
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Apple Cider Segment is Expected to Dominate the Market Due to the Numerous Health Benefits
Apple cider is prominent in the global cider market. This popular beverage offers a delightful taste and numerous health benefits associated with apple consumption. Apples are known to be rich in antioxidants, and scientists from Brewing Research International have confirmed the presence of these health-enhancing compounds in apple cider.
The markets in North America are projected to exhibit the highest CAGR in the global cider market during the forecast period, driven by a growing consumer base for cider in the region. As a result, angry Orchard emerged as the leading cider brand in the United States with retail sales exceeding 222 million dollars. The brand's popularity can be attributed to its diverse flavours and consistent quality.
Fruit Flavoured Segment is Expected to Grow the Market Due to the Wide Range of Flavours
Fruit-flavoured category holds immense profitability in the global cider market owing to its wide range of flavours and continuous improvements made by manufacturers to attract customers. In addition, with a growing emphasis on health consciousness, consumers are increasingly seeking out low-alcohol and gluten-free beverage options, which has led to a surge in demand for cider.
Regional markets in the Asia Pacific region are poised for significant growth in the cider market, driven by a shift from beer to cider among health-conscious consumers. Consumers are increasingly drawn to the nutritional benefits offered by cider with a growing emphasis on nutrition and well-being. In addition, the trend of incorporating fruit-sourced ingredients, particularly in beverages, has further fueled the demand for fruit-flavoured alcohol, including ciders.
A comprehensive analysis of the major players in the cider market has been recently conducted in a report. The report encompasses various aspects, including collaborations, mergers, innovative business policies, and strategies, providing valuable insights into key trends and breakthroughs in the market. Furthermore, the report scrutinizes the market share of the top segments and presents a detailed geographic analysis. Lastly, the report highlights the major players in the industry and their endeavours to develop innovative solutions to cater to the growing demand.
Key Developments in Cider Market
- Recently, Heineken made a significant entry into the cider market by introducing Inch's, a sustainable cider crafted entirely from 100% British apples. This launch took place in Europe and offered consumers a taste of the finest British apples in a refreshing, environmentally-friendly cider. In addition, Inch is available in various convenient packaging options, including 500ml bottles, 4x440ml cans, and 10x440ml cans, catering to different preferences and occasions.
- Recently, Emergen-C expanded its botanicals line by introducing two new nutritional supplements: Emergen-C Ashwagandha and Emergen-C apple cider vinegar. These new additions joined the existing portfolio of Emergen-C botanicals, which offers natural botanicals rich in vitamins and minerals.
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Key Questions Answered in Cider Market Report
- What specific growth drivers are projected to impact the market during the forecast period?
- List the top companies in the market and explain how they have achieved their positions of influence.
- In what ways do regional trends and patterns differ within the global market, and how these differences shape the market's future growth?
Related Reports in SkyQuest’s Library:
Global Non-alcoholic Beer Market
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