Cider, Perry & Rice Wine - Luxembourg

The Cider, Perry & Rice Wine market in Luxembourg has been experiencing steady growth in recent years. Customer preferences for these types of alcoholic beverages have been evolving, leading to increased demand and a wider variety of products available in the market.

Customer preferences: Luxembourg consumers have shown a growing interest in alternative alcoholic beverages, such as cider, perry, and rice wine. These beverages offer a unique taste profile and are often perceived as a healthier alternative to traditional alcoholic drinks. Additionally, the rising trend of gluten-free and vegan diets has contributed to the increased popularity of cider, perry, and rice wine, as these beverages are often naturally gluten-free and vegan-friendly.

Trends in the market: One of the key trends in the Cider, Perry & Rice Wine market in Luxembourg is the emergence of craft and artisanal products. Consumers are seeking unique and high-quality beverages, and craft producers have been able to cater to this demand by offering small-batch, handcrafted ciders, perries, and rice wines. These products often highlight local ingredients and traditional production methods, appealing to consumers looking for an authentic and distinctive drinking experience. Another trend in the market is the diversification of flavors and styles. Cider, perry, and rice wine producers have been experimenting with different fruit blends, aging techniques, and fermentation processes to create a wide range of flavors and styles. This has allowed them to attract a broader consumer base and cater to different taste preferences.

Local special circumstances: Luxembourg's rich agricultural landscape and favorable climate provide an ideal environment for the production of cider, perry, and rice wine. The country has a long history of fruit cultivation, particularly apples and pears, which are key ingredients in cider and perry production. Furthermore, Luxembourg's proximity to France and Germany, two countries with strong cider and wine traditions, has also influenced the local market and contributed to the availability of a diverse range of products.

Underlying macroeconomic factors: Luxembourg's strong economy and high disposable income levels have played a significant role in driving the growth of the Cider, Perry & Rice Wine market. As consumers have more purchasing power, they are willing to explore and invest in premium and specialty beverages. Additionally, the country's thriving tourism industry has also contributed to the market growth, as visitors are often interested in trying local and unique alcoholic beverages. In conclusion, the Cider, Perry & Rice Wine market in Luxembourg is developing due to evolving customer preferences, including a growing interest in alternative alcoholic beverages and a demand for craft and artisanal products. The market is also influenced by local special circumstances, such as the country's agricultural landscape and proximity to cider and wine-producing regions. Furthermore, Luxembourg's strong economy and high disposable income levels have contributed to the market's growth, as consumers are willing to invest in premium and specialty beverages.

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.