Cider, Perry & Rice Wine - Niger

The Cider, Perry & Rice Wine market in Niger has been experiencing steady growth in recent years. Customer preferences in Niger have been shifting towards more diverse and exotic alcoholic beverages, including cider, perry, and rice wine. This can be attributed to a growing interest in trying new and unique flavors, as well as an increasing demand for alcoholic beverages that are perceived as healthier alternatives to traditional options. Trends in the market indicate that consumers in Niger are becoming more adventurous in their beverage choices. They are seeking out products that offer a different taste experience and are willing to pay a premium for these specialty beverages. This trend is in line with global preferences, as consumers around the world are increasingly looking for unique and artisanal products. One of the local special circumstances in Niger that has contributed to the growth of the Cider, Perry & Rice Wine market is the country's rich cultural heritage. Niger has a long history of brewing traditional beverages, and this has created a strong foundation for the development of the market. Local producers have been able to leverage this cultural heritage to create unique and authentic products that appeal to both domestic and international consumers. Another factor driving the growth of the market is the increasing disposable income in Niger. As the country's economy continues to grow, more people have the means to spend on luxury items, including premium alcoholic beverages. This has created a favorable environment for the Cider, Perry & Rice Wine market to thrive. Furthermore, the government of Niger has implemented policies to promote the growth of the alcoholic beverage industry. This includes providing support to local producers and facilitating the importation of foreign products. These measures have created a conducive business environment and have attracted both domestic and international players to invest in the market. In conclusion, the Cider, Perry & Rice Wine market in Niger is experiencing growth due to shifting customer preferences, local special circumstances, and underlying macroeconomic factors. As consumers become more adventurous in their beverage choices and disposable income increases, the market is expected to continue expanding in the coming years.

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.