Cider Market Size Worth $5.37 Billion by 2025 | CAGR

3.1%: Grand View Research, Inc.

SAN FRANCISCO, June 18, 2019 /PRNewswire/ -- The global cider market size is expected to reach USD 5.37 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to register a CAGR of 3.1% during the forecast period. Several factors including inclusion of fruits and vegans across several product categories particularly beverages are the key factors driving the growth.

Key suggestions from the report:

• In terms of revenue, still cider product is projected to ascend at a CAGR of 3.3% over the forecast years
• Sparkling cider led the global market with an overall volume share of over 33.05% in 2018
• Europe led with a market share of 37.76% in terms of revenue in 2018. This trend is projected to resume over the next few years
• The market is anticipated to witness growth owing to the increasing consumption of apple cider in U.S., India, and China
• Fruit flavored cider is anticipated to witness the fastest growth, due to higher penetration of fruit based flavored beverages
• The cider market is highly competitive in nature. The main players include SABMiller Plc, Heineken N.V., Halewood Wines & Spirits, SABMiller Plc, Heineken N.V., Halewood Wines & Spirit
• Various manufacturers are concentrating on new product launches, stressing on inclusion of fruit flavor and ingredients

Read 75 page research report with TOC on "Cider Market Size, Share & Trends Analysis Report By Product (Sparkling, Still, Apple Wine), By Source (Apple, Fruit Flavored, Perry, Other Vegan Sources), By Region, And Segment Forecasts, 2019 - 2025" at: https://www.grandviewresearch.com/industry-analysis/cider-market

Rising global consumption of apples in beverages coupled with increasing preference towards fruit based drinks have induced consumers with aspirational drinking in line with new cosmopolitan consumers. It is anticipated to spur the demand for cider over the next few years on account of rising acceptance of fruit cider, majorly driven by millennials on account of choosing premium products of spirits and alcohol. Premiumization is expected to be the key trend influencing the alcohol market particularly in Europe.