Cider, Perry & Rice Wine - Lithuania

The Cider, Perry & Rice Wine market in Lithuania has been experiencing significant growth in recent years. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors have all contributed to this development. Customer preferences in Lithuania have shifted towards beverages that are lighter and more refreshing, which has led to an increased demand for cider, perry, and rice wine. These beverages are seen as a healthier alternative to traditional alcoholic drinks, as they often have lower alcohol content and are made from natural ingredients. Additionally, the younger generation in Lithuania has shown a growing interest in experimenting with different flavors and tastes, which has further fueled the demand for these products. Trends in the market have also played a role in the growth of the Cider, Perry & Rice Wine market in Lithuania. The popularity of these beverages has been influenced by the global trend of consumers seeking out unique and artisanal products. Cider, perry, and rice wine offer a distinct taste and are often produced in small batches using traditional methods, making them appealing to consumers who value craftsmanship and authenticity. Furthermore, the rise of craft breweries and wineries in Lithuania has contributed to the availability and variety of these products in the market. Local special circumstances have also contributed to the growth of the Cider, Perry & Rice Wine market in Lithuania. The country has a rich tradition of fruit cultivation, particularly apples and pears, which are key ingredients in cider and perry production. This has allowed local producers to source high-quality fruits locally, resulting in a superior product. Additionally, the increasing popularity of local and sustainable products has given a boost to the domestic cider and perry industry, as consumers are more inclined to support local businesses and products. Underlying macroeconomic factors have also played a role in the development of the Cider, Perry & Rice Wine market in Lithuania. The country's strong economic growth and increasing disposable income levels have allowed consumers to spend more on premium and specialty beverages. As a result, the market for cider, perry, and rice wine has expanded, with both domestic and international brands capitalizing on this opportunity. In conclusion, the Cider, Perry & Rice Wine market in Lithuania has experienced significant growth due to changing customer preferences, global market trends, local special circumstances, and underlying macroeconomic factors. The demand for these beverages is expected to continue to grow as consumers seek out unique and refreshing options, and local producers continue to innovate and cater to this demand.

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.