Precision Business Insights has published a report on the global cider market, estimating its value at USD 2.48 billion in 2023 and is expected to expand at a compound annual growth rate (CAGR) of 15.9% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/cider-market

Market Definition:

Apple juice that has undergone fermentation is used to make cider an alcoholic beverage. In Ireland and the United Kingdom, cider is readily accessible, especially in the West Country. Both the largest cider-producing firms and the highest per capita consumption are found in the United Kingdom. In general, ciders from the Southwest region of England contain more alcohol In several Commonwealth nations, including India, South Africa, Canada, Australia, New Zealand, and New England,

Drivers:

1)      Increase in demand for alcoholic beverage’s

2)      Increase in demand for premium products among millennials

The global cider Market segmentation:
1) By Source: Organic, Conventional
2) By Product Type: Hard, Sparkling, Sweet, Soft, Dry, Others
3) By Application: Cooking Ingredient, Beverages, Cocktails
4) By Distribution Channel: Supermarkets and Hypermarkets, Online Stores, Specialty Stores, Others.

Based on its Product type a sparkling wine is one that has a lot of carbon dioxide, which makes it bubbly. Although this is commonly referred to as champagne, the European Union's member states are legally required to reserve the term for goods made solely in France's Champagne region. Although most sparkling wines are white or rosé, several red varieties exist, including the Australian sparkling Shiraz and the Italian Brachetto, Bonarda, and Lambrusco. Sparkling wines can range in sweetness from extremely dry brut styles to sweeter doux variations, which are French for "hard" and "soft," respectively.

Regional Overview:
The report also examines the current concerns and their Future Effects on the cider Market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the cider Market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.

·         North America (U.S., Canada)

·         Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)

·         Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)

·         Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)

·         Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)

The key players profiled in the global cider Market report are 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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