PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1681057
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1681057
The Global Cider Market was valued at approximately USD 4.9 billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 5.0% over the forecast period 2024-2032. The cider industry, deeply rooted in traditional beverage culture, has been undergoing a remarkable transformation fueled by shifting consumer preferences toward premium, craft, and health-conscious alcoholic beverages. With a growing emphasis on natural and low-alcohol drinks, the cider market is experiencing a surge in demand across various demographics.
As consumer awareness surrounding health-conscious drinking habits rises, cider has carved out a significant niche as an appealing alternative to high-alcohol-content beverages like beer and spirits. A considerable shift in drinking culture, particularly in regions such as North America and Europe, has driven the popularity of premium and organic ciders. The increasing demand for fruit-flavored and vegan-friendly cider alternatives further fuels the market's evolution. Additionally, advancements in fermentation techniques and innovative flavor profiles are paving the way for new product launches that cater to both mainstream and niche consumer bases.
The industry's expansion is also propelled by the growing penetration of artisanal and craft cider production, with small-scale breweries and independent producers gaining traction. These brands leverage locally sourced ingredients, eco-friendly packaging, and sustainable production methods to align with the ethical and environmental preferences of modern consumers. However, regulatory challenges surrounding alcoholic beverages and fluctuating raw material costs-especially for apples and exotic fruit blends-pose notable hurdles to market growth.
From a regional standpoint, Europe dominates the global cider market, buoyed by a strong cider-drinking heritage in countries such as the UK, Spain, and France. The presence of long-established cider brands, combined with favorable governmental policies supporting domestic apple farming, reinforces the region's leading position. Meanwhile, North America is witnessing an upsurge in cider consumption, driven by the craft beverage movement and the increasing availability of gluten-free options. The Asia Pacific region, led by markets such as Australia and Japan, is expected to grow at the fastest pace, owing to rising disposable incomes and a growing inclination toward premium imported ciders.