Cider Market Size Analysis
Cider are alcoholic beverages that are produced by fermenting apples. It is highly popular in Western Europe and few parts of Asia Pacific. Since 2010, the product demand has increased – creating a high pool of revenue opportunity for industry players. Global cider market size is estimated to be valued over US$ 10.6 Billion in 2018 and will register a CAGR of 4.56% to create substantial market opportunity for players. By 2028, the industry will register 1.6X increase in revenue as compared to that in 2018.
Western Europe Cider Market Size:
Globally, Western Europe is expected to dominate the market throughout the forecast period. The region accounted for over 57% of total revenue share in 2018. Of this, UK accounted for 55% of regional share. The region is not only the highest consumer of ciders but also the leading producer of cider. Cider is highly popular in United Kingdom. Annual per capita consumption of Cider in United Kingdom amounted to 12.6 litres in 2017. This is expected to further increase with rise in middle aged population base in the country.
North America Cider Market Size:
In North America, cider is not that popular as compared to that in Western Europe. However, is gaining highest traction in the region since 2010. Few leading companies including Woodchuk and Angry Orchard have brought Cider into mainstream section. U.S. accounted for 93% of total cider sales in the region.
Asia Pacific Cider Market Size:
In Asia Pacific, cider is highly consumed in Australia followed by India and South East Asia. In 2018, Australia cider market is valued over US$ 351 million. This equates to 3.4% of global share. While the alcohol consumption in the country has declined, cider share is surging at an impressive rate. Companies are focusing on flavor innovation in order to boost the demand. Bulmers, Strongbow, and Somersby are leaders in Australia cider industry. These companies are focused on enhancing their distribution pattern to reach higher population base.
China is one of the key destination for players. The product is mainly purchased through off-trade in the country. Supermarkets accounted for highest sales of cider in China. Carlsberg Brewery is the leader in China. Its product – Somersby is highly popular in the region.
Cider Market in India is still at its naïve stage. However, is gaining traction with increasing popularity in tier-1 cities. Many regional players are emerging in order to grab a chunk of growing market.
Global Cider Market Size and Forecast: Competition Landscape
As of 2018, over 53% of net revenue is estimated to be contributed by top 5 players. Carlsberg, Boston Beer, C&C, Distell and Heineken are key leading players.
Some key Cider market players are:
- Asahi Premium Beverages
- Aston Manor
- The Boston Beer Company
- Carlton & United Breweries (CUB)
- C&C Group plc
- Carlsberg Breweries A/S
- Anheuser-Busch Companies LLC
- Heineken UK Limited
- Apple Based
- Fruit Based
By Product Packaging:
- Plastic Bottles
- Glass Bottles
By Distribution Pattern:
- On Trade
- Convenience Stores
- General Stores
What Will You Discover in the Report?
- An in-depth analysis of the Cider market across regions – North America, Latin America, Western Europe, Central and Eastern Europe, Asia Pacific, Middle East, and Africa.
- How the Cider market sales is expected to grow throughout the forecast period.
- How geopolitical policies and technological changes will affect the Cider market in near future
- Where the stakeholders should invest to generate higher profit margins
- How consumers (end-users) will reflect to the Cider industry during the forecast period
- Who are the Cider industry leaders and what are the key initiatives taken by them for long term growth
Who will benefit from the Report?
- Cider Industry Suppliers
- Cider Industry Manufacturers
- Consultants and Analysts
Analyst access with Bekryl Market Analysts
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