Europe Dominated the Global Cider Market Size Growing at a CAGR of 5.0% & Estimated to Reach USD26,211.2 Million

WILMINGTON, NEW CASTLE, DELAWARE , UNITED STATES, December 7, 2023 /EINPresswire.com/ -- 𝗧𝗵𝗲 𝗚𝗹𝗼𝗯𝗮𝗹 𝗰𝗶𝗱𝗲𝗿 𝗺𝗮𝗿𝗸𝗲𝘁 𝘀𝗶𝘇𝗲 𝘄𝗮𝘀 𝘃𝗮𝗹𝘂𝗲𝗱 𝗮𝘁 $𝟭𝟰,𝟱𝟳𝟬.𝟯 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 𝗶𝗻 𝟮𝟬𝟮𝟬, 𝗮𝗻𝗱 𝗶𝘀 𝗽𝗿𝗼𝗷𝗲𝗰𝘁𝗲𝗱 𝘁𝗼 𝗿𝗲𝗮𝗰𝗵 $𝟮𝟲,𝟮𝟭𝟭.𝟮 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 𝗯𝘆 𝟮𝟬𝟯𝟭, 𝗿𝗲𝗴𝗶𝘀𝘁𝗲𝗿𝗶𝗻𝗴 𝗮 𝗖𝗔𝗚𝗥 𝗼𝗳 𝟱.𝟬% 𝗳𝗿𝗼𝗺 𝟮𝟬𝟮𝟮 𝘁𝗼 𝟮𝟬𝟯𝟭. 𝗧𝗵𝗲 𝗮𝗽𝗽𝗹𝗲-𝗯𝗮𝘀𝗲𝗱 𝗰𝗶𝗱𝗲𝗿𝘀 𝗼𝗰𝗰𝘂𝗽𝗶𝗲𝗱 𝗺𝗼𝗿𝗲 𝘁𝗵𝗮𝗻 𝗵𝗮𝗹𝗳 𝗼𝗳 𝘁𝗵𝗲 𝘀𝗵𝗮𝗿𝗲 𝗶𝗻 𝘁𝗵𝗲 𝗴𝗹𝗼𝗯𝗮𝗹 𝗰𝗶𝗱𝗲𝗿 𝗺𝗮𝗿𝗸𝗲𝘁 𝗶𝗻 𝟮𝟬𝟮𝟬.Cider is a gluten-free low alcohol beverage, and is replacing beer among people who prefer gluten-free drinks. Furthermore, rise 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. Thus, the market grows at the highest rate as compared to other alcoholic drinks.

𝑮𝒆𝒕 𝑭𝒖𝒍𝒍 𝑨𝒄𝒄𝒆𝒔𝒔 𝒕𝒐 𝒕𝒉𝒆 𝑹𝒆𝒔𝒆𝒂𝒓𝒄𝒉 𝑪𝒐𝒑𝒚 @ https://www.alliedmarketresearch.com/request-sample/3823

Top 10 Key Players Profiles:-
>Anheuser-Busch Companies LLC
>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

High demand for gluten-free drinks and rise in preference for low alcohol beverages drive the global cider market growth. The natural and fruit base of cider further supports the market expansion. However, high sugar content of cider is a restraining factor of the market. Conversely, rise in popularity of cider in Asia-Pacific and LAMEA regions is anticipated to provide potential cider market opportunities for the growth of the cider market during the forecast period.

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According to cider market analysis, the market is segmented on the basis of type, packaging, and distribution channel. By type, the cider market is categorized into apple flavored, fruit flavored, and perry. Among these, apple flavored occupied the major share of the market in 2020, and is projected to maintain its dominance during the forecast period. Fruit flavored cider is anticipated to grow at highest CAGR in the future.

By packaging, the cider market is segmented into draught, cans, glass bottles, plastic bottles, and others, majorly including bag in box. The cans packaging segment is anticipated to grow at the highest rate during the forecast period, owing to the trend for craft branding and quality drinks. Moreover, cans cool down faster compared to glass and are infinitely recyclable, thus, supporting sustainable growth.

By distribution channel, the on-trade segment is anticipated to grow at highest CAGR during the forecast period, due to the rise in pubs & bars culture and high disposable income of people.

In 2020, Europe accounted for more than half of the global cider market, and is expected to maintain its dominance during the forecast period. Moreover, North America and Asia-Pacific are expected to possess the highest CAGRs, owing to rise in health concerns among people and increase in popularity of cider in these regions.

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Porter's five forces analysis for the ciders market highlights market competition in terms of the power of buyers, suppliers, manufacturers, and new entrants. Furthermore, shift in living standards of the consumers, as well as an increase in per capita income of the consumers has resulted in the launch of new products and the entry of new players in the market over the forecast period.

The growth of small and medium-sized ciders drives the growth of the market. Small organizations are more focused on traditional cider production, whereas big enterprises are more concerned with expanding their product portfolio. More dry cider brands have appeared on shop shelves in recent years.

Consumer preference is trending away from mass-produced beverages and toward microbreweries that make niche beverages. The market is also affected by these cider market trends, and as a result, many microbreweries rise to produce cider using a unique method. Craft ciders, for example, are becoming increasingly popular. These are handcrafted ciders manufactured in a unique way.

Cider is becoming increasingly popular as a summer beverage because it is gluten-free and frequently sweeter and more refreshing than beer. Several cider producers say that the majority of their products are naturally gluten-free as cider is made from apples that does not contain gluten. The demand for gluten-free products increases as more people develop gluten sensitivity, which is linked to celiac disease, and with the rise in awareness for the need of consuming high-quality food and beverages. Gluten-free beverages also help with cholesterol levels and digestive health. As a result, customers are attracted toward natural, nutrient-rich beverages that provide various health benefits. Thus, the rise in demand for gluten-free alcoholic beverages is expected to drive the growth of the market during the cider market forecast.

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Key Findings Of Study:-

>Europe was the dominant region in 2020, occupying more than half of the cider market share.
>The cans packaging segment is expected to growth at CAGR of 5.1%, in terms of value, during the forecast period.
>North America registered the highest growth rate in 2020, and is expected to grow at CAGR of 7.7% during the forecast period.
>Apple-based ciders was the major segment of the market in 2020, and is anticipated to grow at the significant CAGR of 4.7% during the forecast period.
>On-trade distributing channel is anticipated to be grow at CAGR of 5.1% during the forecast period.

𝑩𝒓𝒐𝒘𝒔𝒆 𝑹𝒆𝒍𝒂𝒕𝒆𝒅 𝑪𝒂𝒕𝒆𝒈𝒐𝒓𝒚 𝑹𝒆𝒑𝒐𝒓𝒕𝒔:-

𝐓𝐨𝐧𝐢𝐜 𝐖𝐢𝐧𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐭𝐨 𝐑𝐞𝐚𝐜𝐡 $𝟑.𝟏𝟑 𝐁𝐧, 𝐆𝐥𝐨𝐛𝐚𝐥𝐥𝐲, 𝐛𝐲 𝟐𝟎𝟑𝟎 𝐚𝐭 𝟓.𝟖% 𝐂𝐀𝐆𝐑: 𝐀𝐥𝐥𝐢𝐞𝐝 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡
https://www.prnewswire.com/news-releases/tonic-wine-market-to-reach-3-13-bn-globally-by-2030-at-5-8-cagr-allied-market-research-301420843.html

𝐒𝐮𝐠𝐚𝐫 𝐅𝐫𝐞𝐞 𝐂𝐚𝐫𝐛𝐨𝐧𝐚𝐭𝐞𝐝 𝐃𝐫𝐢𝐧𝐤𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐭𝐨 𝐑𝐞𝐚𝐜𝐡 $𝟐𝟒𝟑.𝟓 𝐁𝐧, 𝐆𝐥𝐨𝐛𝐚𝐥𝐥𝐲, 𝐛𝐲 𝟐𝟎𝟑𝟎 𝐚𝐭 𝟕.𝟑% 𝐂𝐀𝐆𝐑: 𝐀𝐥𝐥𝐢𝐞𝐝 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡
https://www.prnewswire.com/news-releases/sugar-free-carbonated-drinks-market-to-reach-243-5-bn-globally-by-2030-at-7-3-cagr-allied-market-research-301404424.html

David Correa
Allied Analytics LLP
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