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Cider, Perry & Rice Wine - Suriname

Suriname
  • Revenue, at home (e.g., revenue generated in supermarkets and convenience stores) in the Cider, Perry & Rice Wine market amounts to US$1.3m in 2024.
  • Revenue, out-of-home (e.g., revenue generated in restaurants and bars) amounts to US$702.3k in 2024.
  • Revenue, combined amounts to US$2.0m in 2024.
  • The revenue, at home is expected to grow annually by 4.22% (CAGR 2024-2029).
  • In global comparison, most revenue, at home is generated Nigeria (US$30bn in 2024).
  • In relation to total population figures, the average revenue per capita, at home of US$1.99 are generated in 2024.
  • In the Cider, Perry & Rice Wine market, volume, at home is expected to amount to 943.0k L by 2024.
  • Volume, out-of-home is expected to amount to 212.5k L in 2024.
  • Volume, combined is expected to amount to 1.2m L in 2024.
  • The Cider, Perry & Rice Wine market is expected to show a volume growth, at home of -4.5% in 2025.0.
  • The average volume per person, at home in the Cider, Perry & Rice Wine market is expected to amount to 1.50L in 2024.

Definition:

The Cider, Perry & Rice Wine market includes fruit wines such as cider (made from apples), perry (made from pear), and rice wines, such as Sake. Palm wines and similar beverages are also included. However, wines that use grapes as their base are not covered as they form part of the Wine market.

Additional information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per liter, as well as sales channels. Per capita figures refer to a country’s or region’s whole population.

At-home market data covers retail sales via super- and hypermarkets, eCommerce, convenience stores, and similar sales channels. Out-of-home market data includes all sales in hotels and restaurants, sales by catering companies, as well as sales in cafés, bars, and similar hospitality service establishments. Combined numbers encompass both the at-home market and the out-of-home market. All prices are valued at retail selling prices, including all sales and consumption taxes.

In-Scope

  • Cider, such as Strongbow Apple Ciders
  • Perry, such as Strongbow Pear
  • Rice Wine, such as Sake
  • Palm Wine
  • Other fruit wine (except grape wine)

Out-Of-Scope

  • Non-Alcoholic Variants, such as Golden State Cider Dry & Mighty
  • Beer Mix Drinks, such as Radler
  • Soju, such as Jinro Soju
Cider, Perry & Rice Wine: market data & analysis - Cover

Market Insights Report

Cider, Perry & Rice Wine: market data & analysis

Study Details

    Revenue

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Jun 2024

    Source: Statista Market Insights

    Most recent update: Jun 2024

    Source: Statista Market Insights

    Volume

    Most recent update: Jun 2024

    Source: Statista Market Insights

    Most recent update: Jun 2024

    Source: Statista Market Insights

    Price

    Most recent update: Jun 2024

    Source: Statista Market Insights

    Sales Channels

    Most recent update: Mar 2024

    Source: Statista Market Insights

    Global Comparison

    Most recent update: Jun 2024

    Source: Statista Market Insights

    Analyst Opinion

    The Cider, Perry & Rice Wine market in Suriname has been experiencing steady growth in recent years. Customer preferences in Suriname have been shifting towards alternative alcoholic beverages such as cider, perry, and rice wine. This can be attributed to a growing interest in exploring new flavors and experiences in the beverage market. Additionally, these products are often seen as healthier alternatives to traditional alcoholic beverages, as they are often made from natural ingredients and have lower alcohol content. One trend in the market is the increasing popularity of cider. Cider is a fermented beverage made from apples, and its crisp and refreshing taste has been well-received by consumers in Suriname. The rise in popularity of cider can be attributed to its versatility, as it can be enjoyed on its own or used as a base for cocktails. Additionally, cider has gained a reputation as a trendy and fashionable beverage, further driving its demand in the market. Another trend in the market is the growing interest in perry and rice wine. Perry is a fermented beverage made from pears, while rice wine is made from fermented rice. Both of these beverages offer unique flavors and are often associated with cultural traditions. The increasing demand for perry and rice wine can be attributed to a growing appreciation for diverse and exotic flavors in Suriname. Local special circumstances in Suriname also contribute to the development of the Cider, Perry & Rice Wine market. Suriname is known for its tropical climate, which makes it an ideal environment for growing fruits such as apples, pears, and rice. This local availability of ingredients allows for the production of high-quality cider, perry, and rice wine within the country. Additionally, Suriname has a multicultural population, which creates a diverse consumer base with varying tastes and preferences. This diversity in consumer preferences further drives the demand for a wide range of alcoholic beverages, including cider, perry, and rice wine. Underlying macroeconomic factors also play a role in the development of the Cider, Perry & Rice Wine market in Suriname. Suriname has experienced steady economic growth in recent years, which has led to an increase in disposable income among consumers. This higher disposable income allows consumers to explore and indulge in new and unique products, including alternative alcoholic beverages like cider, perry, and rice wine. Furthermore, the tourism industry in Suriname has been growing, attracting visitors from around the world who are interested in experiencing the local culture and cuisine. This influx of tourists contributes to the demand for a variety of alcoholic beverages, including cider, perry, and rice wine. Overall, the Cider, Perry & Rice Wine market in Suriname is developing due to changing customer preferences, local special circumstances, and underlying macroeconomic factors. As consumers in Suriname continue to seek out new and unique flavors, the market for cider, perry, and rice wine is expected to continue growing in the coming years.

    Methodology

    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.

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    Key Market Indicators

    Notes: Based on IMF, World Bank, UN and Eurostat

    Most recent update: Sep 2024

    Source: Statista Market Insights

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