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(EMAILWIRE.COM, July 26, 2024 ) As per Maximize Market research, the Cider Market size was valued at USD 15.4 Bn. in 2023, and the total revenue is expected to grow by 6.4 percent from 2024 to 2030, reaching nearly USD 23.77 Bn.
The global cider market growing gradually is driven by a shift towards healthier lifestyles and demand for low-calorie, gluten-free options. Traditional apple ciders, fruit-infused varieties, and craft versions contribute to this growth. Innovations in flavors, like berry blends and exotic infusions, alongside sustainability efforts by brands such as Strongbow and Kopparberg, are boosting cider market. Europe remains the leading region, particularly the UK, while North America shows the highest growth rate with brands like Angry Orchard leading the way. The Asia Pacific region is also emerging as a key player due to rising incomes and expanding bars and restaurants.
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The cider market faces challenges, notably competition from Ready-to-Drink beverages and the need to diversify beyond traditional markets. Recent developments include Palo Alto Networks’ acquisition of Cider Security to enhance cybersecurity, Schilling Cider market focus on sustainability and local partnerships, and Fenceline Ciders award-winning unique blends. The American Cider Association’s CiderCon 2024 will celebrate cider’s agricultural heritage and strengthen consumer connections.
Cider Market Segmentation:
By Product Type
Still Cider
Sparkling Cider
Draft Cider
Apple Cider
Fruit Flavored Cider
Others
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By Packaging Type
Draught
Cans
Glass Bottles
Plastic Bottles
Others
By Distribution Channel
Hypermarkets and Supermarkets
Departmental Stores
Convenience Stores
Online Stores
Others
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Cider Market Key Players:
Anheuser-Busch Companies LLC (Missouri, U.S)
The Boston Beer Company (Boston, United States)
C&C Group plc (United Kingdom)
Distell Group Limited (Stellenbosch, South Africa)
Heineken UK Limited (China)
Maximize Market Research is leading Consumer Goods & Services research firm, has also published the following reports:
Apple Cider Vinegar Market size was valued at USD 155.35 Mn. in 2023 and the total revenue is expected to grow at 3.1% through 2024 to 2030.
Fruit Concentrate Market size was valued at USD 40.17 Bn in 2023 and is expected to reach USD 60.34 Bn by 2030, at a CAGR of 4.55%.
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