Report ID: SQMIG30E2025
Report ID:
SQMIG30E2025 |
Region:
Global |
Published Date: December, 2024
Pages:
157
|
Tables:
94 |
Figures:
76
Cider Market size was valued at USD 5 billion in 2022 and is poised to grow from USD 5.129 billion in 2023 to USD 6.72 billion by 2031, growing at a CAGR of 3.34% in the forecast period (2024-2031).
Cider is a low-alcohol beverage made from apple, pear, and other fruit juices that have been partially or fully fermented. The beverage's alcohol concentration varies from 1.2% and 8.5% by volume (ABV). Furthermore, using secondary fermentation and carbon dioxide injection, ciders can be made still or carbonated.
The global cider market is expected to expand significantly during the forecast period. Increased per capita income and rising demand for premium beverages are driving the market growth. Rising disposable income in China and India are contributing to an increase in demand for high-priced alcoholic beverages in the country. According to the State Council of the People's Republic of China, the country's per capita disposable income was USD 1,265 in the first three months of 2019, up 6.8% year on year in real terms.
US Cider Market is poised to grow at a sustainable CAGR for the next forecast year.
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Report ID: SQMIG30E2025