Cider, Perry & Rice Wine - Costa Rica

The Cider, Perry & Rice Wine market in Costa Rica has been experiencing significant growth in recent years.

Customer preferences: Costa Rican consumers have shown a growing interest in alternative alcoholic beverages, such as cider, perry, and rice wine. This can be attributed to several factors, including changing consumer tastes and preferences, as well as a desire for unique and innovative drinking options. These beverages offer a refreshing and different drinking experience compared to traditional alcoholic beverages, which has resonated with the local consumer base.

Trends in the market: One of the key trends in the Cider, Perry & Rice Wine market in Costa Rica is the increasing availability and variety of these products. Local and international producers have recognized the growing demand and have introduced a wide range of cider, perry, and rice wine options to cater to different consumer preferences. This has led to a more diverse market, with options ranging from traditional flavors to more experimental and unique blends. Another trend in the market is the focus on natural and organic ingredients. Costa Rican consumers are becoming more health-conscious and are seeking out products made with high-quality, natural ingredients. Producers in the Cider, Perry & Rice Wine market have responded to this trend by using locally sourced fruits and grains, as well as adopting sustainable production practices. This not only appeals to the growing segment of health-conscious consumers but also aligns with the country's commitment to environmental sustainability.

Local special circumstances: Costa Rica's tropical climate and fertile land provide ideal conditions for the cultivation of a variety of fruits, including apples and pears. This has allowed local producers to leverage these resources and create unique and flavorful ciders and perrys. Additionally, rice is a staple in the Costa Rican diet, making rice wine a familiar and culturally significant beverage in the country. The local connection to these ingredients has helped to drive the popularity of the Cider, Perry & Rice Wine market in Costa Rica.

Underlying macroeconomic factors: Costa Rica has experienced steady economic growth in recent years, which has contributed to an increase in disposable income among consumers. This has allowed them to explore new and premium alcoholic beverage options, including cider, perry, and rice wine. Additionally, the country's strong tourism industry has played a role in the growth of the market, as international visitors are often interested in trying local and unique beverages. The combination of a growing middle class and a vibrant tourism sector has created a favorable environment for the development of the Cider, Perry & Rice Wine market in Costa Rica.

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.