Cider, Perry & Rice Wine - United Kingdom

The Cider, Perry & Rice Wine market in United Kingdom has been showing significant growth in recent years.

Customer preferences: In the United Kingdom, there is a growing preference for cider, perry, and rice wine among consumers. These beverages are seen as refreshing and offer a unique flavor profile compared to traditional wines and spirits. Additionally, the rise in popularity of craft and artisanal products has also contributed to the increased demand for these beverages. Consumers are seeking out unique and locally produced options, which has led to the growth of smaller, independent cider and rice wine producers in the country.

Trends in the market: One of the key trends in the Cider, Perry & Rice Wine market in the United Kingdom is the increasing popularity of flavored ciders. Manufacturers are introducing a wide variety of flavors to cater to different consumer preferences, including fruit-infused ciders and innovative flavor combinations. This trend has been driven by the demand for more diverse and unique products in the market. Another trend in the market is the growing interest in organic and natural products. Consumers are becoming more conscious of the ingredients used in their beverages and are seeking out options that are made from organic and locally sourced ingredients. This has led to the rise of organic cider and rice wine producers in the United Kingdom.

Local special circumstances: The United Kingdom has a long history of cider production, with regions such as Somerset and Herefordshire being known for their traditional cider production methods. This heritage has contributed to the popularity of cider in the country and has created a strong market for both traditional and modern cider producers. Additionally, the country's climate and agricultural resources make it well-suited for apple and pear cultivation, which are key ingredients in cider and perry production.

Underlying macroeconomic factors: The growth of the Cider, Perry & Rice Wine market in the United Kingdom can be attributed to several macroeconomic factors. Firstly, there has been an increase in disposable income among consumers, allowing them to spend more on premium and specialty beverages. Additionally, the growth of the tourism industry in the United Kingdom has also contributed to the demand for cider, perry, and rice wine, as visitors are often interested in trying local products during their travels. Furthermore, the United Kingdom's exit from the European Union has created opportunities for the domestic cider and rice wine industry. With the potential for new trade agreements and increased focus on local production, there is an opportunity for UK producers to expand their market share both domestically and internationally. In conclusion, the Cider, Perry & Rice Wine market in the United Kingdom is experiencing growth due to changing consumer preferences, including a demand for flavored and organic products. The country's rich cider heritage and favorable climate have also contributed to the market's development. Additionally, macroeconomic factors such as increased disposable income and the potential for new trade agreements have further fueled the growth of this market.

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.