Cider, Perry & Rice Wine - Suriname

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.

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.