Global cider market is projected to grow at the CAGR of 5.3%. Growing popularity of alcoholic drinks, increasing number of pubs & bars across the globe are the key drivers of this market. However, increase in urbanization and globalization has increased the popularity of cider. Furthermore, women population prefer ciders, as ciders are sweeter and fruity in taste, this refreshing taste of cider is anticipated to drive the market during the forecasted period.
Apple cider is made from the juice that is extracted from the pulp of pureed apples and further fermented. Additionally, apple cider vinegar is made from apple cider, which is used as a cure for some health conditions. The consumers in these mature markets are seeking for beer alternative which represents huge opportunity for cider drink. This huge application of cider in various sector, is estimated to drive the market during the forecasted period.
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The global cider market is segmented into North America, Europe, Asia Pacific, and rest of the world (ROW). Among these APAC region will highest growing market, but as cider is largely consumed in European countries, Europe will dominate the market. Canada, U.S., Australia and Japan are the major importers of cider in the world. Emerging markets like India and China have been considered as potential markets for cider due to growing demand for alcoholic drinks in recent years.
Major Key Players
This report includes a study of strategies such as mergers and acquisitions, product launches by the major Cider market players. It further includes product portfolios, developments of leading major players which includes.
- Bulmer (Scotland)
- Stella Artois (Belgium)
- Old Mout (New Zealand)
- Pimm (England)
- Carling (England)
- Rekorderlig (Sweden) and
- Kopparberg (Sweden)
Europe dominates the Cider Market followed by North America.
Europe occupies highest average consumption of Cider market share during the period 2011-2015
Cider has been segmented on the basis of by type dry cider, sweet cider, sparkling cider, still cider and others
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