Cider, Perry & Rice Wine - Cameroon

The Cider, Perry & Rice Wine market in Cameroon is experiencing steady growth due to changing consumer preferences and local special circumstances. Customer preferences in Cameroon are shifting towards healthier and more diverse beverage options. With an increasing emphasis on health and wellness, consumers are seeking out beverages that are lower in alcohol content and contain natural ingredients. Cider, Perry & Rice Wine offer a refreshing alternative to traditional alcoholic beverages, as they are often made from fruits and grains, and have a lighter and more delicate flavor profile. Additionally, these beverages are often gluten-free, making them suitable for consumers with dietary restrictions. Trends in the market indicate that consumers in Cameroon are becoming more adventurous and open to trying new and unique flavors. Cider, Perry & Rice Wine offer a wide range of flavors and varieties, from traditional apple and pear ciders to more exotic rice wines. This variety appeals to consumers who are looking for new taste experiences and enjoy exploring different cultural and regional beverages. Local special circumstances in Cameroon also contribute to the development of the Cider, Perry & Rice Wine market. Cameroon has a rich agricultural sector, with a variety of fruits and grains grown locally. This abundance of raw materials provides an opportunity for local producers to create high-quality and authentic Cider, Perry & Rice Wine products. Furthermore, the cultural diversity in Cameroon allows for the production of unique and traditional beverages that cater to specific regional tastes and preferences. Underlying macroeconomic factors also play a role in the growth of the Cider, Perry & Rice Wine market in Cameroon. The country's growing middle class and increasing disposable income levels have led to a rise in consumer spending on premium and specialty products. Cider, Perry & Rice Wine are often positioned as premium beverages, offering a higher quality and more sophisticated alternative to mass-produced alcoholic drinks. Additionally, the tourism industry in Cameroon is flourishing, attracting visitors from around the world who are interested in exploring the country's rich cultural heritage. These tourists contribute to the demand for local and traditional beverages, including Cider, Perry & Rice Wine. In conclusion, the Cider, Perry & Rice Wine market in Cameroon is experiencing growth due to changing consumer preferences, local special circumstances, and underlying macroeconomic factors. The shift towards healthier and more diverse beverage options, the desire for new and unique flavors, the availability of local raw materials, and the rise in disposable income levels all contribute to the development of this market. As consumer tastes continue to evolve and the demand for premium and specialty products increases, the Cider, Perry & Rice Wine market in Cameroon is expected to continue its upward trajectory.

Data coverage:
The data encompasses B2C enterprises. The at-home market covers retail sales via super- and hypermarkets, eCommerce, convenience stores, or similar sales channels. The out-of-home data encompasses all sales to hotels, restaurants, catering, cafés, bars, and similar hospitality service establishments. Combined numbers encompass both the at-home market and the out-of-home market. Both the at-home and the out-of-home market are valued at retail selling prices including all sales and consumption taxes.

Modeling approach:
Market sizes are determined through a Top-Down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending (e.g. consumer spending on alcoholic beverages, consumer spending at Hotels, Restaurants etc.), and price level index. This data helps us estimate the market size for each country individually.

Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Alcoholic Drinks market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:
The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level.