Cider, Perry & Rice Wine - Worldwide

The Cider, Perry & Rice Wine market in Worldwide is experiencing significant growth and development due to changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors.

Customer preferences: Customers worldwide are increasingly seeking alternative alcoholic beverages to traditional beers and wines. Cider, Perry, and Rice Wine offer unique flavors and characteristics that appeal to a wide range of consumers. These beverages are often perceived as refreshing and lighter options compared to other alcoholic drinks. Additionally, the natural and fruity flavors of cider, perry, and rice wine attract those who prefer beverages with a hint of sweetness. As a result, there is a growing demand for these products in the global market.

Trends in the market: One notable trend in the Cider, Perry & Rice Wine market is the rise of craft and artisanal products. Consumers are increasingly interested in unique and high-quality beverages that are produced in small batches using traditional methods. Craft cider, perry, and rice wine producers are able to cater to this demand by offering a wide variety of flavors and experimenting with different ingredients and production techniques. This trend has led to an increase in the number of small-scale producers and a diversification of product offerings in the market. Another trend in the market is the growing popularity of flavored and infused ciders, perry, and rice wines. Manufacturers are introducing innovative flavors such as fruit blends, botanical infusions, and even spiced varieties. These flavored options cater to consumers who are looking for new and exciting taste experiences. Additionally, flavored ciders, perry, and rice wines can be marketed as versatile beverages that can be enjoyed on their own or used as a base for cocktails and mixed drinks.

Local special circumstances: The development of the Cider, Perry & Rice Wine market varies across different countries and regions due to local special circumstances. In countries with a long history of cider production, such as the United Kingdom and France, there is a strong cultural tradition and consumer demand for these beverages. These countries have well-established cider industries and a wide range of traditional and craft producers. On the other hand, in countries where cider, perry, and rice wine are relatively new or less popular, there may be challenges in terms of market awareness and distribution. However, these countries often have unique local ingredients and flavors that can be incorporated into the production of these beverages, creating opportunities for differentiation and market growth.

Underlying macroeconomic factors: The growth of the Cider, Perry & Rice Wine market is also influenced by underlying macroeconomic factors. Rising disposable incomes and changing lifestyles in emerging economies have led to an increase in alcohol consumption and a shift towards premium and specialty beverages. As a result, there is a growing market for cider, perry, and rice wine in countries such as China, India, and Brazil. Furthermore, the trend towards healthier and more natural products has also contributed to the growth of the market. Cider, perry, and rice wine are often perceived as more natural and less processed compared to other alcoholic beverages. This aligns with the increasing consumer preference for products that are made with natural ingredients and have fewer artificial additives. In conclusion, the Cider, Perry & Rice Wine market in Worldwide is developing and expanding due to changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors. The demand for these beverages is driven by consumers seeking alternative alcoholic options, the rise of craft and artisanal products, the popularity of flavored and infused varieties, and the influence of rising incomes and changing lifestyles.

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.