Food

Global cider market growth is expected to be driven by major revenue contribution from Europe market

Major factor driving growth of the global cider market is rising preference among adults for beverages with less alcohol content. In addition, changing lifestyle and increasing social acceptance for drinking beverages with less alcohol content are other factors expected to boost growth of the global cider market.

The global cider market is segmented on the basis of product, distribution channel, packaging, and region.

The product segment of global cider market is segmented on the basis of apple flavored, fruit flavored and Perry. The apple flavored segment is estimated to dominate the global cider market and is expected to continue its dominance over the forecast period. The Perry segment is projected to register highest CAGR over the forecast period.

The distribution channel segment of global cider market is segmented on the basis of on-trade and off-trade. the on-trade segment is estimated to dominate the global cider market, and is expected to continue its dominance over the forecast period.

The packaging segment of global cider market is segmented on the basis of draught, cans, glass bottles, and plastic bottles. The drought segment is estimated to dominate the global cider market and is expected to continue its dominance over the forecast period.

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On the basis of region, the global cider market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East & Africa.

The market in Europe is expected to account for largest share in the global market in terms of revenue, owing to social acceptance of drinking beverages with less alcohol content and presence of prominent players operating in this region. The market in North America is expected to account for significant revenue share in the global market. The market in North America is projected to register lucrative CAGR in terms of revenue over the forecast period.

Key players operating in the global cider market include Anheuser-Busch Companies LLC, Asahi Premium Beverages Pty Ltd., Aston Manor Brewery Company Limited, C&C Group plc, Carlsberg Breweries A/S, CUB Pty Ltd., Distell Group Limited, Halewood International Holdings PLC, Heineken UK Limited, and The Boston Beer Company, Inc.

 

 

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