Food & Beverage Market Research News

Cider market to reach USD 15.84 billion by 2023 according to market forecasts

Food & Beverage Market Research

Cider Market By Product (Apple flavored, Fruit Flavored, Perry) By Packaging (Draught, Cans, Glass Bottles, Plastic Bottles).

Global Cider Market Make an Inquiry about this news was valued at USD 9.8 billion in the year 2016. Global Cider market is further estimated to grow at a CAGR of 5.9 % from 2016 to 2022 to reach USD 15.8 billion by the year 2022.

Europe region holds the highest market share in 2016 and the North American market is considered as the fastest growing market in the forecasted period. U.S. is the major market in 2016 at country level and it is further anticipated to grow at a steady pace in the next 5 years.

Aston Manor Brewery Company Limited (UK), Anheuser-Busch InBev (UK), C&C Group Plc (UK), Brannland Cider (UK), Distell Group Ltd. (SA), Halewood International Holdings Plc (UK), Carlsberg A/S (Denmark) are some of the key players in the Global Cider Market.

Organic growth strategies adopted by most of the top manufacturers in recent years provides comprehensive market opportunities for the various stakeholder.

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Drivers

            Tapped the young generation

            Growing need for low-level alcohol beverages

            Rising demand for gluten-free and distinct flavors products

Restraints

            High sugar content

            Inadequate supply of quality raw materials

Opportunity

            Emerging market in developing countries

            Improved and attractive Packaging

            Increasing demand for variety flavors

Challenges

            Increased Competition from beer companies

            Health Consciousness

By product, Apple flavor segment holds the highest market share among fruit flavor and Perry in 2016 with fruit flavored cider expected to grow at highest CAGR in near future.

On the other hand, On-Trade segment by distribution channel types for this market is expected to grow at the highest CAGR during the year 2017-2022. The Off-Trade segment holds the substantial market share because of its large availability across regions.

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Key Benefits for Stakeholders

Cider Manufacturers, Distributors, and Retailers

Research and Consulting organization

Technology Standards Organizations, Forums, Alliances and Associations

End-use industries

Regulatory bodies, policy actors, and consumers.

By Product      

Apple flavored

Fruit Flavored

Perry   

By Packaging  

Draught

Cans

Glass Bottles

Plastic Bottles

Others  

By Distribution Channel          

 On-Trade         

Off-Trade

By Region

North America

Europe

Asia-Pacific

RoW

Key Market Players

Aston Manor Brewery Company Limited (UK)

Anheuser-Busch InBev (UK)

C&C Group Plc (UK)

Brannland Cider (UK)

Distell Group Ltd. (SA)

Halewood International Holdings Plc (UK)

Carlsberg A/S (Denmark)

Heineken Holding NV (Netherlands)

The Boston Beer Company, Inc. (US)

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News From

Genesis Market InsightsGenesis Market Insights
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