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Cider Market To Reach USD 26,211.2 Million by 2031| Valuates Reports

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Valuates Reports

07 Sep, 2022, 15:00 GMT

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BANGALORE, India, Sept. 7, 2022 /PRNewswire/ -- Cider Market is Segmented By Product(Apple Flavored, Fruit Flavored, Perry), By Channel(On-trade, Off-trade), By Packaging (Draught, Cans, Glass Bottles, Plastic Bottles, Others): Opportunity Analysis and Industry Forecast, 2022–2028. It is published in Valuates Reports under the Food & Drink Category.

Cider Market Size was valued at USD 14,570.3 million in 2020 and is projected to reach USD 26,211.2 million by 2031, registering a CAGR of 5.0% from 2022 to 2031.

Major Factors Driving the Growth of Cider Market

Alcohol consumption as a status symbol and the rise in demand for premium spirits as a result of rising per capita income are two key drivers anticipated to propel the cider market expansion over the forecast period.

The global cider market has expanded as a result of increased health hazards and worries about alcohol consumption as well as the popularity of non-alcoholic beverages.

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https://reports.valuates.com/request/sample/ALLI-Auto-3R274/_Cider_Market

TRENDS INFLUENCING THE GROWTH OF THE CIDER MARKET

During the forecast period, the popularity of craft beverages has skyrocketed, and the hard cider market has emerged as one of the fastest-growing segments of this business. Cider aims to capitalize on consumer demand for gluten-free options and growing interest in alternative beverages to grow as a more popular beverage. Hard Cider, a craft beer market, has been incredibly well-liked by Millennial beer drinkers who want alcoholic beverages with sweet and distinctive flavor profiles. This factor is expected to drive the cider market.

Cider is more than just a tasty beverage because it has a number of health advantages. Cider appeals to consumers searching for a more healthful alcohol option, but for those trying to limit their alcohol use, THC-infused ciders provide an interesting new alternative to alcoholic ciders. Since its debut, non-alcoholic beers have undergone tremendous change. The market is responding by providing a wider variety of products with little or no alcohol as more people stop drinking altogether or reduce their consumption for health and other reasons. This in turn is expected to fuel the cider market.

Furthermore, canned cider is expected to fuel the cider market. Can weigh less than bottles, which results in significant transportation cost savings. A producer now has access to markets outside of their city, region, and perhaps even nation! The eco-conscious millennial market, as well as expanded use scenarios including camping, sporting events, festivals, and other outdoor settings, are the main drivers of demand.

Browse The Table Of Contents And List Of Figures At:

https://reports.valuates.com/market-reports/ALLI-Auto-3R274/cider

CIDER MARKET SHARE ANALYSIS:

Based on packaging, the cans segment is expected to be the most lucrative. The growth of can ciders is aided by the demand for premium beverages and craft branding. Cans are infinitely recyclable and cool down quicker than glass, which promotes the market's sustainable expansion.

Based on the Distribution Channel, the on-trade distribution channel is expanding at the fastest rate. This is due to the expansion of pubs and bars and the rise in disposable income in emerging economies.

Based on region, Europe dominated the market, with the biggest cider market share during the projection period. The most popular alcoholic beverages in Europe, particularly in the UK, are ciders and their various variants. As a result of diverse geographic regions, different flavors of cider are preferred differently. However, due to the colder climate in the majority of European nations, alcohol use is a widespread practice.

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Key Companies:

  • 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

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SIMILAR REPORTS:

  • Apple Cider Vinegar market was valued at USD 1979.9 million in 2020 and is expected to reach USD 2518.7 million by the end of 2027, growing at a CAGR of 3.5% during 2021-2027.
  • Gluten Free Products Market size was valued at USD 4.3 Billion in 2019, and is estimated to reach USD 7.5 Billion by 2027, registering a CAGR of 7.2% from 2020 to 2027.
  • Gluten-Free Foods & Beverages market size is estimated to be worth USD 4694.1 million in 2022 and is forecast to a readjusted size of USD 5803.8 million by 2028 with a CAGR of 3.6% during the review period.
  • Hemp-based Food market size is estimated to be worth USD 1481.9 million in 2022 and is forecast to a readjusted size of USD 5518.7 million by 2028 with a CAGR of 24.5% during the review period.
  • Sweet Potato Starch market size is estimated to be worth US$ 673.5 million in 2022 and is forecast to a readjusted size of US$ 837.5 million by 2028 with a CAGR of 3.7%
  • Canned Food market size was USD 23210 million and it is expected to reach USD 30500 million by the end of 2027, with a CAGR of 3.9% during 2021-2027.
  • Probiotics market size is estimated to be worth USD 1682.1 million in 2022 and is forecast to a readjusted size of USD 2306.2 million by 2028 with a CAGR of 5.4% during the review period.
  • Stevia market size is estimated to be valued at USD 647.7 million in 2022 and is forecast to be a readjusted size of USD 1016.5 million by 2028 with a CAGR of 7.8% during the review period.
  • Plant Extract Market is estimated to be worth USD 17790 million in 2022 and is projected to reach USD 31170 million by 2028 with a CAGR of 9.8% during the forecast period.
  • Cocoa Market size was valued at USD 12874.0 million in 2019 and is projected to reach USD 15501.1 million by 2027 registering a CAGR of 4.3% from 2021 to 2027.
  • Instant Noodles market size is estimated to be worth USD 34220 Million in 2022 and is forecast to a readjusted size of USD 43800 Million by 2028 with a CAGR of 4.2% during the review period.
  • Ready Meals Market size was valued at USD 138.1 billion in 2021 and is projected to reach USD 408.0 billion by 2031 growing at a CAGR of 11.9% during the forecast period.
  • Global Food Thickeners Market Insights and Forecast to 2028
  • Global Gluten Free Hard Cider Market Insights, Forecast to 2028
  • Global Craft Cider Market Insights, Forecast to 2028
  • Global Cider Packaging Market Insights and Forecast to 2028
  • Global Fruit Cider Market Insights, Forecast to 2028
  • Global Ice Cider Market Insights and Forecast to 2028
  • Global Honey Apple Cider Vinegar Market Research Report 2022
  • Global Yerba Mate Extract Market Research Report 2022
  • Global Food Grade Diatomaceous Earth Market Insights and Forecast to 2028
  • Global Dried Egg Powder Market Insights, Forecast to 2028
  • Global Savory Flavor Extract Market Research Report 2022

Click here to see related reports on Cider Market

ABOUT US:

Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.

Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.

To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains a detailed research methodology employed to generate the report. Please also reach our sales team to get the complete list of our data sources.

CONTACT US:

Valuates Reports
sales@valuates.com 
For U.S. Toll-Free Call 1-(315)-215-3225
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