Dublin, Aug. 23, 2021 (GLOBE NEWSWIRE) -- The "Cider - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Cider Market to Reach $16.6 Billion by 2027
Amid the COVID-19 crisis, the global market for Cider estimated at US$12.2 Billion in the year 2020, is projected to reach a revised size of US$16.6 Billion by 2027, growing at a CAGR of 4.4% over the analysis period 2020-2027.
Apple Flavored, one of the segments analyzed in the report, is projected to record a 4.2% CAGR and reach US$10 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Fruit Flavored segment is readjusted to a revised 4.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $3.3 Billion, While China is Forecast to Grow at 7.8% CAGR
The Cider market in the U.S. is estimated at US$3.3 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.6 Billion by the year 2027 trailing a CAGR of 7.8% over the analysis period 2020 to 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.5% and 3.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.3% CAGR.
Perry Segment to Record 4.6% CAGR
In the global Perry segment, USA, Canada, Japan, China and Europe will drive the 4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$642.7 Million in the year 2020 will reach a projected size of US$845.4 Million by the close of the analysis period.
China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.4 Billion by the year 2027, while Latin America will expand at a 5.5% CAGR through the analysis period.
Key Topics Covered:
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Recent Market Activity
Cider Capitalizes on Changing Consumer Behavior
Sizing the Market
Trends in Cider Market Place
Key Market Trends/Drivers - Past, Present & Future
Filling the Gap
Growing Market for Premium Cider Products
Cider Manufacturers Move Towards Lightweight Bottles
New Pockets of Growth in Male-Oriented Cider Market
White Cider - A Low-Cost Substitute to Apple Juice
Too Many Flavor Innovations Erode Identity of Cider
Major Cider Brands of Select Leading Companies
Heineken Revels in Cider Business while C&C Languishes
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS (Total 148 Featured)
Aston Manor Brewery (UK)
C&C Group plc (Ireland)
Carlsberg A/S (Denmark)
Distell Group (South Africa)
Halewood International Holdings PLC (UK)
Heineken N.V. (Netherlands)
The Boston Beer Company, Inc. (USA)
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
Rest Of Europe
Rest Of Asia-Pacific
Rest Of Latin America
United Arab Emirates
Rest Of Middle East
Total Companies Profiled: 148
For more information about this report visit https://www.researchandmarkets.com/r/4vm4pd
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